Patent-pending PET caps and tamper-resistant
closures can be cost-competitively produced using recycled PET or
bio-based PET
“Mono-material” makes “100% recycled PET”
possible from cap to bottle and improves recyclability because it
is all one material, without the need for recyclers to separate
caps from bottles
PET offers better oxygen and CO2 barrier than
HDPE and PP, common cap materials
Origin Materials, Inc. (“Origin,” “Origin Materials,” or the
“Company”) (NASDAQ: ORGN, ORGNW), the world’s leading carbon
negative materials company with a mission to enable the world’s
transition to sustainable materials, today announced it has created
“all PET” (polyethylene terephthalate) bottle caps, making “100%
recycled PET” possible from cap to bottle to improve post-consumer
recycling.
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the full release here:
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"All PET" bottle cap produced by Origin
Materials. (Photo: Business Wire)
Origin’s PET caps are more sustainable than common alternatives
because they may be produced with any type of PET, from recycled
PET to Origin’s 100% bio-based, carbon-negative virgin PET. PET
offers better oxygen and CO2 barrier than HDPE and PP, common cap
materials.
Origin’s patent-pending, cost-competitive design and
manufacturing innovation aids in producing “mono-material”
products. These are composed of only a single type of material, are
typically easier to recycle than products made from multiple
materials, and are highly sought-after for consumer packaged goods
to improve recycling.
“We identified a global sustainability challenge and an
opportunity to solve it,” said John Bissell, Co-Founder and Co-CEO
of Origin Materials. “An all-PET bottle and cap and closure system
is an obvious, necessary next step in beverage packaging and
recycling. With our process, we can make caps from 100% recycled
PET or 100% bio-based PET, unlocking important sustainability and
potentially performance benefits for our customers.”
Origin’s innovation is expected to begin to address an
approximately $65 billion global caps and closures market,
anticipated to grow to $96 billion by 2030.
“This is what happens when you bring together some of the best
materials and polymer scientists and engineers in the world under
one roof,” said Bissell. “We saw an obvious need for a
mono-material solution and the creativity of our team rose to the
challenge. I am proud that our team’s expertise in PET led to this
tremendous advancement for recycling.”
Cap tethering mandates, designed to incentivize the
recoverability and recyclability of bottles, could further increase
the demand for Origin’s innovative caps and closures. Tethering
mandates require that caps remain firmly attached to bottles after
opening and during the product's life cycle, with the aim of
reducing plastic litter on beaches and in the ocean. While
traditional caps must be separated from PET bottles during
recycling, Origin’s PET caps would not need to be separated from
their tethered containers and could thus be recycled simply and
easily.
For product inquiries, contact bizdev@originmaterials.com.
About Origin Materials
Headquartered in West Sacramento, Origin Materials is the
world's leading carbon negative materials company. Origin’s mission
is to enable the world’s transition to sustainable materials. For
over a decade, Origin has developed a platform for turning the
carbon found in inexpensive, plentiful, non-food biomass such as
sustainable wood residues into useful materials while capturing
carbon in the process. Origin’s patented technology platform can
help revolutionize the production of a wide range of end products,
including clothing, textiles, plastics, packaging, car parts,
tires, carpeting, toys, fuels, and more with a ~$1 trillion
addressable market. In addition, Origin’s technology platform is
expected to provide stable pricing largely decoupled from the
petroleum supply chain, which is exposed to more volatility than
supply chains based on sustainable wood residues. Origin’s patented
drop-in core technology, economics and carbon impact are supported
by a growing list of major global customers and investors.
For more information, visit www.originmaterials.com.
Cautionary Note on Forward-Looking Statements
This press release contains certain forward-looking statements
within the meaning of the federal securities laws. Forward-looking
statements generally are accompanied by words such as “believe,”
“may,” “will,” “estimate,” “continue,” “anticipate,” “intend,”
“expect,” “should,” “would,” “plan,” “predict,” “potential,”
“seem,” “seek,” “future,” “outlook,” and similar expressions that
predict or indicate future events or trends or that are not
statements of historical matters. These forward-looking statements
include, but are not limited to, statements regarding Origin
Materials’ business strategy, ability to enter new end-markets,
ability to develop new product categories, commercial and operating
plans, and product development plans. These statements are based on
various assumptions, whether or not identified in this press
release, and on the current expectations of the management of
Origin Materials and are not predictions of actual performance.
These forward-looking statements are provided for illustrative
purposes only and are not intended to serve as, and must not be
relied on as, a guarantee, an assurance, a prediction, or a
definitive statement of fact or probability. Actual events and
circumstances are difficult or impossible to predict and will
differ from assumptions. Many actual events and circumstances are
beyond the control of Origin Materials. These forward-looking
statements are subject to a number of risks and uncertainties,
including that Origin Materials may be unable to successfully
commercialize its products; the effects of competition on Origin
Materials’ business; the uncertainty of the projected financial
information with respect to Origin; disruptions and other impacts
to Origin’s business as a result of outbreaks such as the COVID-19
pandemic, Russia’s military intervention in Ukraine, the impact of
severe weather events, and other global health or economic crises;
changes in customer demand; and those factors discussed in the
Quarterly Report on Form 10-Q filed with the U.S. Securities and
Exchange Commission on May 10, 2023, under the heading “Risk
Factors,” and other documents Origin Materials has filed, or will
file, with the SEC. If any of these risks materialize or our
assumptions prove incorrect, actual results could differ materially
from the results implied by these forward-looking statements. There
may be additional risks that Origin Materials presently does not
know, or that Origin Materials currently believes are immaterial,
that could also cause actual results to differ from those contained
in the forward-looking statements. In addition, forward-looking
statements reflect Origin Materials’ expectations, plans, or
forecasts of future events and views as of the date of this press
release. Origin Materials anticipates that subsequent events and
developments will cause its assessments to change. However, while
Origin Materials may elect to update these forward-looking
statements at some point in the future, Origin Materials
specifically disclaim any obligation to do so. These
forward-looking statements should not be relied upon as
representing Origin Materials’ assessments of any date subsequent
to the date of this press release. Accordingly, undue reliance
should not be placed upon the forward-looking statements.
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version on businesswire.com: https://www.businesswire.com/news/home/20230807131265/en/
Origin Materials Investors: ir@originmaterials.com
Media: media@originmaterials.com
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