Donaldsonville, Louisiana — According to state and local economic development sources Origin Materials plans to invest $750,000,000.00 to build out new space in Donaldsonville. The company plans to occupy the new space in Donaldsonville, on or about June 1, 2025. According to the company website Headquartered in West Sacramento, Origin Materials (Nasdaq: ORGN) is the worlds leading carbon negative materials company. Origin Materials mission is to enable the worlds transition to sustainable materials. Over the past 10 years, Origin Materials has developed a platform for turning the carbon found in non-food biomass into useful materials, while capturing carbon in the process. Origin Materials patented drop-in core technology, economics and carbon impact are supported by a growing list of major global customers and investors. Origin Materials first commercial plant is expected to be operational in 2022 with a second commercial plant expected to be operational by 2025 and plans for additional expansion over the next decade.

To learn more about Origin Materials, visit http://www.originmaterials.com/

Company Contact:
John Bissell, Co-Chief Executive Officer
jbissell@originmaterials.com
https://www.linkedin.com/in/jabissell/
916-231-9329

SOURCE: http://www.intelligence360.io
Copyright (c) 2021 SI360 Inc. All rights reserved