{"id":784438,"date":"2023-09-18T07:03:29","date_gmt":"2023-09-18T11:03:29","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/origin-materials-awarded-biomade-funding-to-advance-department-of-defense-sustainability-goals\/"},"modified":"2023-09-18T07:03:29","modified_gmt":"2023-09-18T11:03:29","slug":"origin-materials-awarded-biomade-funding-to-advance-department-of-defense-sustainability-goals","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/origin-materials-awarded-biomade-funding-to-advance-department-of-defense-sustainability-goals\/","title":{"rendered":"Origin Materials Awarded BioMADE Funding to Advance Department of Defense Sustainability Goals"},"content":{"rendered":"

<\/p>\n

Origin Materials Awarded BioMADE Funding to Advance Department of Defense Sustainability Goals<\/b><\/p>\n

World\u2019s leading carbon-negative materials company to develop samples of bio-based carbon black and polymers for Department of Defense fleet decarbonization<\/i><\/p>\n

WEST SACRAMENTO, Calif.–(BUSINESS WIRE<\/a>)–Origin Materials<\/a>, Inc. (\u201cOrigin,\u201d \u201cOrigin Materials,\u201d or \u201cThe Company\u201d) (Nasdaq: ORGN, ORGNW), the world\u2019s leading carbon negative materials company with a mission to enable the world\u2019s transition to sustainable materials, announced today that it has been awarded funding from BioMADE, a Manufacturing Innovation Institute catalyzed by the U.S. Department of Defense.<\/p>\n

\nBioMADE announced a suite of projects last week that aim to aid in the advancement of Department of Defense supply chain resiliency and sustainability goals, re-shore manufacturing jobs to the United States, and enhance the domestic bioindustrial manufacturing ecosystem. Origin Materials is one of nine projects announced by BioMADE, totaling $18.7 million in funding.<\/p>\n

\nAs part of its project, Origin will leverage its technology platform to develop samples of bio-based polymers and bio-based carbon black, which can be used to make more sustainable tires and other products, which could support Department of Defense fleet decarbonization efforts.<\/p>\n

\n\u201cThis grant reflects the strong momentum for Origin\u2019s technology platform to help solve the greatest sustainability challenges of our time,\u201d said Origin Materials Co-CEO Rich Riley. \u201cWe are excited that Origin has been selected to pursue this far-reaching initiative for American manufacturing.\u201d<\/p>\n

\n\u201cThese projects will help unlock the benefits of bioindustrial manufacturing for all Americans \u2013 from everyday consumers to farmers to warfighters,\u201d said Dr. Douglas Friedman, Chief Executive Officer at BioMADE in a statement. \u201cBy creating new products and transforming how we domestically manufacture existing products, these projects \u2013 and the bioindustrial manufacturing industry at large \u2013 have the potential to positively impact nearly every aspect of our lives.\u201d<\/p>\n

\n\u201cThese projects represent the breadth and depth of what can be accomplished with bioindustrial manufacturing,\u201d said Dr. Melanie Tomczak, Head of Programs and Chief Technology Officer at BioMADE in a statement. \u201cThese innovations can play a key role in enhancing our military readiness, strengthening domestic supply chains, supporting American farmers, and creating jobs in rural communities.\u201d<\/p>\n

\nMore information on the new suite of projects is available at https:\/\/www.biomade.org\/news\/new-projects-2023<\/a>.<\/p>\n

About Origin Materials<\/b><\/p>\n

\nHeadquartered in West Sacramento, Origin Materials is the world\u2019s leading carbon negative materials company. Origin\u2019s mission is to enable the world\u2019s 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\u2019s 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\u2019s 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\u2019s patented drop-in core technology, economics and carbon impact are supported by a growing list of major global customers and investors.<\/p>\n

\nFor more information, visit www.originmaterials.com<\/a>.<\/p>\n

Cautionary Note on Forward-Looking Statements<\/b><\/p>\n

\nThis 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 \u201cbelieve,\u201d \u201cmay,\u201d \u201cwill,\u201d \u201cestimate,\u201d \u201ccontinue,\u201d \u201canticipate,\u201d \u201cintend,\u201d \u201cexpect,\u201d \u201cshould,\u201d \u201cwould,\u201d \u201cplan,\u201d \u201cpredict,\u201d \u201cpotential,\u201d \u201cseem,\u201d \u201cseek,\u201d \u201cfuture,\u201d \u201coutlook,\u201d 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\u2019 business strategy, estimated total addressable market, ability to enter new end-markets, ability to develop new product categories, ability of products to support the Department of Defense\u2019s fleet decarbonization efforts, 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\u2019 business; the uncertainty of the projected financial information with respect to Origin; disruptions and other impacts to Origin\u2019s business as a result of outbreaks such as the COVID-19 pandemic, Russia\u2019s 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 August 9, 2023, under the heading \u201cRisk Factors,\u201d 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\u2019 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 disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing Origin Materials\u2019 assessments of any date subsequent to the date of this press release. Accordingly, undue reliance should not be placed upon the forward-looking statements.<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20230918300159\/en\/<\/a><\/span><\/p>\n

\nInvestors:
\n
ir@originmaterials.com<\/a><\/p>\n

\nMedia:
\n
media@originmaterials.com<\/a><\/p>\n

KEYWORDS:<\/b> United States North America California<\/p>\n

INDUSTRY KEYWORDS:<\/b> Green Technology Government Technology Manufacturing Defense Environment Automotive Other Defense Sustainability Other Natural Resources Alternative Energy Natural Resources Energy Other Manufacturing Textiles General Automotive Packaging Engineering Chemicals\/Plastics<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n
Logo<\/b><\/font><\/td>\n<\/tr>\n
\"Logo\"<\/td>\n<\/tr>\n
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Origin Materials Awarded BioMADE Funding to Advance Department of Defense Sustainability Goals World\u2019s leading carbon-negative materials company to develop samples of bio-based carbon black and polymers for Department of Defense fleet decarbonization WEST SACRAMENTO, Calif.–(BUSINESS WIRE)–Origin Materials, Inc. (\u201cOrigin,\u201d \u201cOrigin Materials,\u201d or \u201cThe Company\u201d) (Nasdaq: ORGN, ORGNW), the world\u2019s leading carbon negative materials company with a mission to enable the world\u2019s transition to sustainable materials, announced today that it has been awarded funding from BioMADE, a Manufacturing Innovation Institute catalyzed by the U.S. Department of Defense. BioMADE announced a suite of projects last week that aim to aid in the advancement of Department of Defense supply chain resiliency and sustainability goals, re-shore manufacturing jobs to the United States, and enhance … <\/p>\n

Continue reading “Origin Materials Awarded BioMADE Funding to Advance Department of Defense Sustainability Goals”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-784438","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nOrigin Materials Awarded BioMADE Funding to Advance Department of Defense Sustainability Goals - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/origin-materials-awarded-biomade-funding-to-advance-department-of-defense-sustainability-goals\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Origin Materials Awarded BioMADE Funding to Advance Department of Defense Sustainability Goals - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Origin Materials Awarded BioMADE Funding to Advance Department of Defense Sustainability Goals World\u2019s leading carbon-negative materials company to develop samples of bio-based carbon black and polymers for Department of Defense fleet decarbonization WEST SACRAMENTO, Calif.–(BUSINESS WIRE)–Origin Materials, Inc. (\u201cOrigin,\u201d \u201cOrigin Materials,\u201d or \u201cThe Company\u201d) (Nasdaq: ORGN, ORGNW), the world\u2019s leading carbon negative materials company with a mission to enable the world\u2019s transition to sustainable materials, announced today that it has been awarded funding from BioMADE, a Manufacturing Innovation Institute catalyzed by the U.S. Department of Defense. 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