Aug 14, 2024 at 5:00 PM EDT
Origin is the world's leading carbon negative materials company. The Origin platform turns the carbon found in biomass into useful materials, while eliminating the need for fossil resources and capturing carbon in the process.
— Origin CapFormer System is a Breakthrough for Recycling Circularity and Packaging Performance — — Novel Applications of Thermoforming , Slit-and-Fold Technology, and Key Proprietary Design Elements Unlock Use of PET for Commercial-Scale Cap Manufacturing — — Successful Commercial-Speed Factory
– Announces Signed Customer Memorandum of Understanding For Over $100 Million of PET Caps – – Reaffirms PET Cap Commercial Production on Track to Begin in Fourth Quarter 2024, With Caps Revenue Ramp-Up to Begin in First Quarter 2025 – – Reaffirms Pathway to Profitability Requiring No Additional
Origin’s cap production lines, the first of which is expected to come online during Q4 2024, are engineered to mass produce caps and closures made with unmodified virgin PET or 100% recycled PET plastic Origin’s caps enhance recycling circularity, enabling "mono-material” containers, lighter