Origin Materials, Hyosung Advanced Materials announce partnership

Origin Materials and Hyosung Advanced Materials announced a partnership to industrialize sustainable high-value specialty materials. As part of the partnership, Hyosung Advanced Materials signed a multi-year capacity reservation agreement to purchase sustainable carbon-negative materials from Origin Materials, including PET and a hybrid polymer PET/F for use in tire cord applications, HTC for use in battery materials, as well as furanic derivatives for use in spandex applications in the apparel industry. The partnership will leverage Origin’s patented technology platform. "Partnering with Hyosung Advanced Materials is a significant milestone in our mission to transition the world to sustainable materials," said Origin Materials Co-CEO Rich Riley. "The opportunity for working together is remarkably broad, and we are excited to develop high-value products for use in a wide range of end markets and applications including batteries, automotive, and apparel. Together, we can expand the adoption of Origin’s technology and help drive the ‘once in a planet’ shift to sustainable materials taking place around the world."