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Stock impact report

Origin Materials Converts Wood Residue Feedstock into Sustainable Intermediates at Commercial-Scale Plant [Yahoo! Finance]

Origin Materials, Inc. - Class A (ORGN) 
US:NASDAQ Investor Relations: origenfinancial.com
Company Research Source: Yahoo! Finance
WEST SACRAMENTO, Calif., April 03, 2024 BUSINESS WIRE 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, today announced the successful conversion of wood residue feedstock into sustainable intermediates at Origin 1, its first commercial-scale plant. "This week we brought sustainable wood residue feedstock online for our biomass conversion technology at Origin 1," said John Bissell, Co-Founder and Co-CEO of Origin Materials. "This marks an evolution from the corn starch-based production we have employed since commencement of plant operations in October of last year. We are using locally sourced, Forest Stewardship Council (FSC) controlled wood residues produced by a sawmill as a byproduct of lumber and wood flooring production. From that mill's wood chips, shavings, and sawdust we produced our sustainable intermediates, which can be used to make a wide var Show less Read more
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