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Origin Materials announces completion of Origin 1 manufacturing plant
The Fly

Origin Materials announces completion of Origin 1 manufacturing plant

Origin Materials announced the mechanical completion of Origin 1, the company’s first commercial manufacturing plant, in-line with the previously disclosed timeline. As part of mechanical completion, the plant’s critical mechanical systems have been successfully installed and commissioning has begun. Work onsite will continue, including electrical work, adding new equipment, and further refining technology. Work at the plant continues following this key achievement, with plant commissioning to support start-up anticipated to be complete around the end of Q1 2023 and start-up beginning shortly thereafter. Origin 1 is expected to start to address growing customer demand for the company’s renewable materials and allow customers to qualify products and applications beyond PET. The company expects to provide guidance on revenue, EBITDA, and other financial metrics for full year 2023 on its next earnings call.

Published first on TheFly

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