Origin Materials Wins 2022 Alternative Fuels & Chemicals Coalition Global Biobased Economy Performance Award
World’s leading carbon negative materials company recognized for innovation in developing biobased products
Co-Founder & Co-CEO John Bissell to address AFCC Global Biobased Economy Conference
WEST SACRAMENTO, Calif.--(BUSINESS WIRE)--Origin Materials, Inc. (“Origin” or “Origin Materials”) (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 won the 2022 Alternative Fuels & Chemicals Coalition (AFCC) Global Biobased Economy Performance Award for its outstanding performance and achievements in the commercialization and scale-up of its patented technology platform.
The award recognizes Origin’s platform technology for turning the carbon found in sustainable wood residues into useful carbon-negative materials for a wide range of end products, including clothing, textiles, plastics, packaging, car parts, tires, carpeting, and toys.
Sponsored by the Industrial Biotechnology Journal, the official journal of AFCC, the award is given annually to recognize companies that are advancing science and contributing to the production and commercialization of industrial biotechnology products.
“We are honored to receive the 2022 Global Biobased Economy Performance Award for delivering sustainable innovation to the materials supply chain with our patented, breakthrough platform technology for producing recyclable and sustainable carbon-negative materials across a diverse range of end products and markets,” said Origin Materials Co-Founder and Co-CEO John Bissell. “Our team is hard at work scaling this technology globally, including developing our first commercial-scale and world-scale manufacturing facilities. We are grateful for AFCC’s recognition of our efforts, and we look forward to helping our customers make ‘net zero’ possible and achieve their decarbonization goals.”
“Congratulations to Origin for their stellar performance and achievements in advancing science and in enabling a transformation from a petroleum-based economy to a biobased economy,” said AFCC Executive Vice President, Dr. Rina Singh, PhD. “Origin has advanced the biobased economy by developing innovative carbon-negative biomaterials and processes that are sustainable and environmentally friendly, making our planet a cleaner and safer place to live in.”
Mr. Bissell will speak at the 2022 AFCC Global Biobased Economy Conference in-person on Tuesday, November 8th, in Washington, D.C. to receive the award and discuss the company’s carbon-negative technology platform.
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, 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.
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