Origin Materials, Inc. the world���s leading carbon negative materials company with a mission to enable the world’s transition to sustainable materials, and the Green Chemistry Division (“GCD”) of the Minafin Group (“Minafin”), a global fine chemical company, today announced a new commercial arrangement whereby Minafin will become Origin’s manufacturing partner for the downstream supply chain of Origin 1, Origin’s first commercial manufacturing plant.
The initiative, which expands on the companies’ previously announced strategic partnership to industrialize sustainable chemicals, aims to further build on the strengths of Origin’s patented technology platform, which turns the carbon found in sustainable wood residues into useful materials, and Minafin’s manufacturing capability, supply chain strength, and deep expertise in furanic specialty products.
As part of the manufacturing initiative, CMF produced by Origin at Origin 1 will be delivered to Minafin, which will convert CMF into downstream intermediates and products. The initiative is expected to position the companies’ complementary technologies to grow the value of the bio-based supply chain for high-value chemicals and materials including bio-based PET.
“Origin’s expanded relationship with the Green Chemistry Division of Minafin represents a key milestone in our mission to transition the world to sustainable materials,” said Origin Materials Co-CEO Rich Riley. “This partnership strengthens our supply chain at Origin 1, enhances our ability to leverage our versatile platform technology, and supports our commercialization strategy of developing higher-value applications for our intermediates. Minafin’s GCD team offers a valuable skill set and fully integrated capabilities in Memphis, Tennessee, seamlessly linking R&D, scale-up, engineering, and production. We are grateful to deepen our relationship with Minafin, with whom we share a common vision for the role that sustainable, carbon-negative materials can play in creating value worldwide.”
��We appreciate that the partnership with Origin Materials recognizes the Minafin GCD team, capabilities, and position as a global leader in furanic chemicals and materials. We are delighted to support Origin’s scale-up of their groundbreaking technology for converting biomass to value-added materials,” said Frederic Gauchet, Founder & President Minafin Group. “Minafin and Origin Materials are both deeply committed to accelerating the commercialization of bio-based and carbon-negative products to customers worldwide.”
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.