- Business
- Origin Materials, Inc. (Nasdaq: ORGN, ORGNW) operates as a carbon-negative materials company that develops a proprietary biomass conversion platform to transform plant-based carbon from sustainable feedstocks into building-block chemicals including chloromethylfurfural, hydrothermal carbon, oils, extractives, and co-products; these serve as intermediates for end products such as PET plastic, packaging, textiles, automotive parts, carpeting, tires, adhesives, fuels, soil amendments, specialty materials, and tethered PET caps and closures that enhance recycling circularity in the $65 billion caps market. The company, founded in 2008 and headquartered in West Sacramento, California, also maintains an Origin One manufacturing facility in Sarnia, Ontario, Canada, and a new manufacturing site in Michigan, USA, with operations focused on the chemicals and materials sectors targeting food and beverage packaging, consumer goods, and industrial applications globally. Recent developments include a non-binding $20 million equipment financing in November 2025 to expand CapFormer PET cap production capacity across multiple lines through 2027, alongside Q3 2025 revenue of $4.7 million from strong water brand demand and reaffirmed guidance for $20-30 million in 2026 and $100-200 million in 2027 as production scales.