{"id":818997,"date":"2025-02-27T07:11:27","date_gmt":"2025-02-27T12:11:27","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/origin-confirms-three-new-capformer-lines-nearing-completion-eight-total-lines-expected-by-end-of-year\/"},"modified":"2025-02-27T07:11:27","modified_gmt":"2025-02-27T12:11:27","slug":"origin-confirms-three-new-capformer-lines-nearing-completion-eight-total-lines-expected-by-end-of-year","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/origin-confirms-three-new-capformer-lines-nearing-completion-eight-total-lines-expected-by-end-of-year\/","title":{"rendered":"Origin Confirms Three New CapFormer Lines Nearing Completion, Eight Total Lines Expected by End of Year"},"content":{"rendered":"

<\/p>\n

Origin Confirms Three New CapFormer Lines Nearing Completion, Eight Total Lines Expected by End of Year<\/b><\/p>\n

\u2014 CapFormers 2-4 being built and tested, expected to pass Factory Acceptance Tests in Q2 \u2014<\/i><\/p>\n

WEST SACRAMENTO, Calif.–(BUSINESS WIRE<\/a>)–Origin Materials, Inc. (\u201cOrigin\u201d)<\/a> (NASDAQ: ORGN, ORGNW), a technology company with a mission to enable the world\u2019s transition to sustainable materials, today confirmed that three additional CapFormer lines are currently being built and tested and are expected to complete their Factory Acceptance Tests in Q2. They also confirmed previous guidance that they are on target to have a total of eight CapFormer lines online by the end of 2025.<\/p>\n

\n\u201cGetting our first CapFormer system fully operational earlier this month was a huge milestone for us. But that was always just a first step in a much longer journey,\u201d stated Origin CEO John Bissell. \u201cToday we\u2019re thrilled to announce that our next three systems are expected to complete their Factory Acceptance Tests in Q2 and to begin commercial production starting in Q3. As we indicated previously, forthcoming lines will incorporate Origin design modifications to increase throughput to achieve superior unit economics.\u201d<\/p>\n

\n\u201cWe\u2019re also excited to confirm our previous guidance around having eight CapFormer systems online by the end of this year,\u201d added Bissell. \u201cTo go from zero lines to eight lines in less than a year is admittedly a tall order, especially for a first-of-its-kind product and a first-of-its-kind manufacturing line. But we believe our team is up to the task and we are working to make that a reality every day. As a practical matter, all of these new systems will be completed and rolled out on a staggered basis. We plan to provide updates on major milestones for each of the new CapFormer lines in the coming months via our social media accounts.\u201d<\/p>\n

\n\u201cMost of these systems will be used to produce our previously announced PCO 1881 compliant caps to fulfill the high customer demand we\u2019re seeing for that cap format,\u201d Bissell added. \u201cHowever, we are not stopping there. Based on customer demand, our current plan is to utilize some of these systems to expand beyond the initial 1881 format into new, likely larger, cap formats as well. The already significant manufacturing, performance and gross margin advantages of our current PET caps are magnified at larger cap sizes. In a nutshell, bigger is better for us when it comes to caps right now. We plan to share more about the new formats we\u2019re pursuing and the favorable economics entailed as those plans come together in the coming months, potentially in conjunction with a customer announcement.\u201d<\/p>\n

\n\u201cLooking beyond 2025, we expect to be adding lines continuously at a roughly similar pace in the coming years as we pursue the massive opportunity presented by the $65B caps and closures market,\u201d Bissell went on. \u201cWe are acutely aware that success is not just launching one CapFormer line, or even eight CapFormer lines. Our vision from the start has been to build a platform capable of converting a significant share of the industry to PET caps in the coming years. Our goal is to leverage this platform to transform the caps industry by scaling to accommodate hundreds of caps lines over time.\u201d<\/p>\n

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

\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 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 \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, Origin\u2019s ability to continually improve its technologies and manufacturing techniques, statements regarding Origin Materials\u2019 business strategy and estimated total addressable market, successful completion of FAT for our future CapFormer systems, and Origin\u2019s anticipated production of new and larger cap formats and the advantages when making such caps. 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.<\/p>\n

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View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20250227464165\/en\/<\/a><\/span><\/p>\n

\nOrigin Materials
\n
Investors: ir@originmaterials.com
\n<\/a>
Media: media@originmaterials.com<\/a><\/p>\n

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

INDUSTRY KEYWORDS:<\/b> Packaging Recycling Environment Manufacturing Sustainability Green Technology<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n
Logo<\/b><\/font><\/td>\n<\/tr>\n
\"Logo\"<\/td>\n<\/tr>\n
<\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

Origin Confirms Three New CapFormer Lines Nearing Completion, Eight Total Lines Expected by End of Year \u2014 CapFormers 2-4 being built and tested, expected to pass Factory Acceptance Tests in Q2 \u2014 WEST SACRAMENTO, Calif.–(BUSINESS WIRE)–Origin Materials, Inc. (\u201cOrigin\u201d) (NASDAQ: ORGN, ORGNW), a technology company with a mission to enable the world\u2019s transition to sustainable materials, today confirmed that three additional CapFormer lines are currently being built and tested and are expected to complete their Factory Acceptance Tests in Q2. They also confirmed previous guidance that they are on target to have a total of eight CapFormer lines online by the end of 2025. \u201cGetting our first CapFormer system fully operational earlier this month was a huge milestone for us. … <\/p>\n

Continue reading “Origin Confirms Three New CapFormer Lines Nearing Completion, Eight Total Lines Expected by End of Year”<\/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-818997","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nOrigin Confirms Three New CapFormer Lines Nearing Completion, Eight Total Lines Expected by End of Year - 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-confirms-three-new-capformer-lines-nearing-completion-eight-total-lines-expected-by-end-of-year\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Origin Confirms Three New CapFormer Lines Nearing Completion, Eight Total Lines Expected by End of Year - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Origin Confirms Three New CapFormer Lines Nearing Completion, Eight Total Lines Expected by End of Year \u2014 CapFormers 2-4 being built and tested, expected to pass Factory Acceptance Tests in Q2 \u2014 WEST SACRAMENTO, Calif.–(BUSINESS WIRE)–Origin Materials, Inc. (\u201cOrigin\u201d) (NASDAQ: ORGN, ORGNW), a technology company with a mission to enable the world\u2019s transition to sustainable materials, today confirmed that three additional CapFormer lines are currently being built and tested and are expected to complete their Factory Acceptance Tests in Q2. 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