Origin Materials announced it has begun startup of Origin 1, the world’s first commercial CMF plant, located in Sarnia, Ontario, in-line with prior guidance. The new plant will supply industry with intermediate chemicals and materials that can be used across a wide range of end markets, including clothing, textiles, plastics, packaging, car parts, tires, carpeting, toys, fuels, and more with a $1 trillion addressable market. The plant represents a scale-up of Origin’s technology platform for converting sustainable wood residues into versatile intermediate chemicals. CMF is a versatile chemical building-block that can be used to make numerous downstream products, including para-xylene, which is the precursor to PET plastic, and FDCA, which can be used in numerous sustainable products and materials such as the next-gen polymer PEF. The plant will also produce HTC, whose applications include sustainable carbon black for automotive tires.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on ORGN: