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Stock impact report

Origin Materials unveils sustainable PET caps and closures [Yahoo! Finance]

Origin Materials, Inc. - Class A (ORGN) 
US:NASDAQ Investor Relations: origenfinancial.com
Company Research Source: Yahoo! Finance
The product is said to be the company's initial offering from its all-PET caps and closures portfolio. The cap is said to be lightweight and compatible with the PCO 1881 neck finish. This new offering is claimed to be the first commercially produced product using 100% PET and can be manufactured with either virgin or recycled PET (rPET). Origin co-founder and co-CEO John Bissell said: “There are hundreds of different kinds of caps and closures in container packaging. But the PCO 1881 neck finish is considered a leading standard for carbonated soft drinks and is often used for other products such as juices or even still or sparkling water. “Because of the ubiquity of bottles using the PCO 1881 finish, it's an area where our 100% PET cap can make a tremendous difference by improving recycling circularity and product performance in a massive market.” The cap's design includes a user-friendly tamper-evident feature. Origin plans to commence production of the PET caps and clos Show less Read more
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