Origin’s cap production lines, the first of
which is expected to come online during Q4 2024, are designed to
mass produce caps and closures made with virgin or recycled PET
Origin’s sustainable PET caps and closures
enhance recycling circularity, enable "mono-material” containers,
cap tethering, lighter packaging, and improved product shelf
life
Origin Materials (“Origin”) (NASDAQ: ORGN, ORGNW), the world’s
leading carbon negative materials company with a mission to enable
the world’s transition to sustainable materials, and Bachmann Group
(“Bachmann”), a leading packaging production and logistics company,
announced a strategic partnership to mass produce PET caps and
closures.
In Bachmann’s existing world-class European manufacturing
facilities, Bachmann and Origin will operate the lines to convert
virgin and recycled PET into caps, including tethered caps, using
high-speed equipment and automation. Origin’s caps are positioned
to be the first commercially viable PET closures to reach the mass
market.
“Today we are announcing our partnership with Bachmann Group,
who will assist in the end-to-end operation and automation of our
PET cap mass production lines,” said Origin Co-CEO and Co-Founder
John Bissell. “Bachmann Group will help us produce billions of
caps, taking pellet or flake all the way to finished closures. We
share a commitment to sustainability and look forward to a
productive partnership.”
Bissell added: “Bachmann Group, based in Switzerland, is a more
than 50-year-old group of companies with deep expertise in
logistics, quality assurance, and packaging production, including
high-volume, sophisticated products like coffee capsules requiring
high-precision manufacturing. They provide innovative technology
services to some of the world’s leading food, beverage, and
healthcare companies. We are thrilled with this partnership and
look forward to bringing our sustainable PET caps and closures to
the market starting later this year.”
Reto Bachmann, CEO of Bachmann Group, stated, “This development
represents a significant change for the industry, marking a
sustainability breakthrough that emphasizes our commitment to
environmental stewardship. Our innovative approach enhances product
quality and aligns with our goal of reducing environmental impact,
revolutionizing the industry's achievement in PET cap and closure
production. This milestone showcases Bachmann Group's exceptional
expertise as a leading manufacturing company committed to providing
innovative solutions that adhere to the highest standards of
quality and sustainability. In line with our commitment to
sustainability, we are proud to operate our facilities on 100%
renewable energy, ensuring our production processes are as
environmentally friendly as our products.”
Origin’s PET caps and closures are a transformative leap forward
in packaging, improving recyclability including through cap
tethering, enabling light-weighting, and extending product
shelf-life while addressing a greater than $65 billion market. In
conjunction with world-class partners like Bachmann Group, we are
solving the most difficult sustainability challenges, in alignment
with our core mission to help transition the world to sustainable
materials.
Origin’s PCO 1881-compatible caps, which can be made with virgin
or recycled PET, will be available beginning in Q4 2024, with PCO
1881-compatible tethered caps and other cap types to follow
afterward. To learn more about Origin’s PET caps and closures,
visit our website or contact
commercialorder@originmaterials.com.
About Origin Materials Origin is the world's leading
carbon negative materials company with a mission to enable the
world’s transition to sustainable materials. Our innovative
technologies 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 addressing a ~$1 trillion market. Origin’s
technology, economics, and carbon impact are supported by a growing
list of major global customers and investors. For more information,
visit www.originmaterials.com.
About Bachmann Group The Bachmann Group is a renowned
Swiss company specializing in advanced plastic, aluminum, and fiber
technologies. Based in Switzerland, the company has established a
strong reputation for its innovative packaging solutions across the
food, non-food, healthcare, and capsule sectors. Bachmann Group
leverages state-of-the-art technology and a highly skilled team to
offer customized solutions tailored to the specific needs of their
clients. Their commitment to quality and sustainability ensures
that they remain at the forefront of the industry. For more
information, visit www.bachmann.ch.
Cautionary Note on Forward-Looking Statements This 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 “believe,” “may,”
“will,” “estimate,” “continue,” “anticipate,” “intend,” “expect,”
“should,” “would,” “plan,” “predict,” “potential,” “seem,” “seek,”
“future,” “outlook,” 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’ business
strategy, performance improvements, when Origin’s PCO
1881-compatible caps will be available, estimated total addressable
market and how much of that market Origin’s PET caps and closures
will address. 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’ business; the uncertainty of the projected
financial information with respect to Origin; disruptions and other
impacts to Origin’s business as a result of Russia’s 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 May 14,
2024 under the heading “Risk Factors,” 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’ 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 disclaim any obligation to do
so. These forward-looking statements should not be relied upon as
representing Origin Materials’ assessments of any date subsequent
to the date of this press release. Accordingly, undue reliance
should not be placed upon the forward-looking statements.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20240529232565/en/
Origin Materials Investors: ir@originmaterials.com Media:
media@originmaterials.com
Bachmann Group Nino Gisler, Head of Sales
nino.gisler@bachmann.ch
Origin Materials (NASDAQ:ORGNW)
過去 株価チャート
から 10 2024 まで 11 2024
Origin Materials (NASDAQ:ORGNW)
過去 株価チャート
から 11 2023 まで 11 2024
