{"id":815407,"date":"2025-02-20T07:05:08","date_gmt":"2025-02-20T12:05:08","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/in-historic-first-origin-materials-announces-commencement-of-pet-cap-commercial-production\/"},"modified":"2025-02-20T07:05:08","modified_gmt":"2025-02-20T12:05:08","slug":"in-historic-first-origin-materials-announces-commencement-of-pet-cap-commercial-production","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/in-historic-first-origin-materials-announces-commencement-of-pet-cap-commercial-production\/","title":{"rendered":"In Historic First, Origin Materials Announces Commencement of PET Cap Commercial Production"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>In Historic First, Origin Materials Announces Commencement of PET Cap Commercial Production<\/b><\/p>\n<p class=\"bwalignc\"><i>\u2014 Origin CapFormer System 1 passes Site Acceptance Test and begins commercial production of PET closures \u2014<\/i><\/p>\n<p>WEST SACRAMENTO, Calif.&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.originmaterials.com%2F&amp;esheet=54210556&amp;newsitemid=20250220462990&amp;lan=en-US&amp;anchor=Origin+Materials+%28%26%238220%3BOrigin%26%238221%3B%29&amp;index=1&amp;md5=4591a68e0338717a0dbd2454056ba2b5\">Origin Materials (\u201cOrigin\u201d)<\/a> (NASDAQ: ORGN, ORGNW), a technology company with a mission to enable the world\u2019s transition to sustainable materials, today announced that, in an historic first, Origin has commenced the commercial production of PET caps at our manufacturing center in Reed City, Michigan.\n<\/p>\n<p>\n\u201cAchieving this milestone is a tremendous accomplishment, and we couldn\u2019t be prouder,\u201d said Origin CEO and Co-Founder John Bissell. \u201cProducing PET closures at commercial volumes, on the first Origin CapFormer System, in our production center in Michigan is just an awesome milestone in bringing our breakthrough caps to market.\u201d\n<\/p>\n<p>\n\u201cThis first CapFormer line is meeting all of our expectations and is expected to produce hundreds of millions of PET caps each year,\u201d added Bissell. \u201cWe are continually improving our technologies and manufacturing process techniques so that future lines will have even higher production rates and even better unit economics. The sky is the limit as we begin to address the $65 billion closures opportunity.\u201d\n<\/p>\n<p>\nThese PCO 1881 compliant caps are anticipated to be transformative for the packaging industry, finally unlocking the performance advantages and recycling circularity long promised by PET caps. Beyond the 1881 format, Origin\u2019s technology platform for producing PET caps is uniquely positioned to improve the sustainability and performance of a wide variety of packaging solutions, both existing and new.\u201d\n<\/p>\n<p>\n\u201cMarket interest and the strength of the overall demand for our caps continues to suggest we will be able to sell every cap we can make,\u201d said Bissell. \u201cWe have multiple MOUs signed, with a growing list of prospects in the qualification phase, and a growing pipeline of new potential customers. We&#8217;re looking forward to announcing additional MOUs along with customer names in the coming months.\u201d\n<\/p>\n<p>\nBissell added: \u201cWe are excited for what\u2019s to come. Our manufacturing team and production partners in Michigan, Reed City Group, have been doing excellent work. Looking ahead, we expect to ramp the production volume of line 1 over time and with additional CapFormer Systems being manufactured and tested concurrently with the startup of line 1. As previously indicated, we\u2019ll be bringing additional CapFormer Systems on-line throughout 2025.\u201d\n<\/p>\n<p><b>About Origin Materials<\/b><\/p>\n<p>\nOrigin is a technology company with a mission to enable the world\u2019s transition to sustainable materials. Our innovations include PET caps and closures that bring recycling circularity and enhanced performance to a ~$65 billion market, specialty materials, and our patented biomass conversion platform that transforms carbon into sustainable materials for a wide range of end products. For more information, visit <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.originmaterials.com&amp;esheet=54210556&amp;newsitemid=20250220462990&amp;lan=en-US&amp;anchor=www.originmaterials.com&amp;index=2&amp;md5=cb033786565171067935b2891bbfbbcc\">www.originmaterials.com<\/a>.\n<\/p>\n<p><b>Cautionary Note on Forward-Looking Statements<\/b><\/p>\n<p>\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 \u201cproject,\u201d \u201cpotential,\u201d \u201cseem,\u201d \u201cseek,\u201d \u201ctarget,\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 about the timing of adding manufacturing lines, our current and future manufacturing lines\u2019 production rates, interest in and demand for our products and ability to sell all that we produce, Origin\u2019s ability to continually improve its technologies and manufacturing techniques, statements regarding Origin Materials\u2019 business strategy and estimated total addressable market, and our products\u2019 recycling circularity and performance enhancements. The forward-looking statements are based on various assumptions, whether or not identified in this press release, and on the current plans, objectives, estimates, expectations, and intentions of the management of Origin and are not predictions of actual performance and inherently involve significant risks and uncertainties. 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. These forward-looking statements are subject to a number of risks and uncertainties including, but not limited to, the fact 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. Other factors that could adversely affect the Company\u2019s operations include those discussed in the Company\u2019s Quarterly Report on Form 10-Q filed with the U.S. Securities and Exchange Commission (SEC) on November 14, 2024 under the heading \u201cRisk Factors,\u201d and other documents Origin 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 currently believes are immaterial, that could also cause actual results to differ from those contained in the forward-looking statements. Given these risks and uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements. We undertake no obligation to revise or publicly release the results of any revision to these forward-looking statements, except as required by law.\n<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20250220462990r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20250220462990\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20250220462990\/en\/<\/a><\/span><\/p>\n<p>\nOrigin Materials<br \/>\n<br \/>Investors: <a rel=\"nofollow\" href=\"mailto:ir@originmaterials.com\">ir@originmaterials.com<br \/>\n<\/a><br \/>Media: <a rel=\"nofollow\" href=\"mailto:media@originmaterials.com\">media@originmaterials.com<\/a><\/p>\n<p><b>KEYWORDS:<\/b> United States North America California<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Packaging Chemicals\/Plastics Other Manufacturing Manufacturing<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20250220462990\/en\/1528814\/3\/Logo_New.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>In Historic First, Origin Materials Announces Commencement of PET Cap Commercial Production \u2014 Origin CapFormer System 1 passes Site Acceptance Test and begins commercial production of PET closures \u2014 WEST SACRAMENTO, Calif.&#8211;(BUSINESS WIRE)&#8211;Origin Materials (\u201cOrigin\u201d) (NASDAQ: ORGN, ORGNW), a technology company with a mission to enable the world\u2019s transition to sustainable materials, today announced that, in an historic first, Origin has commenced the commercial production of PET caps at our manufacturing center in Reed City, Michigan. \u201cAchieving this milestone is a tremendous accomplishment, and we couldn\u2019t be prouder,\u201d said Origin CEO and Co-Founder John Bissell. \u201cProducing PET closures at commercial volumes, on the first Origin CapFormer System, in our production center in Michigan is just an awesome milestone in bringing &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/in-historic-first-origin-materials-announces-commencement-of-pet-cap-commercial-production\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;In Historic First, Origin Materials Announces Commencement of PET Cap Commercial Production&#8221;<\/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-815407","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - 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