Origin Materials and Minafin Group Form Strategic Partnership to Industrialize Carbon Negative Chemicals and Materials

Minafin’s Green Chemistry Division and Origin enter into a strategic partnership to industrialize specialty chemicals based on Origin’s carbon negative materials.

WEST SACRAMENTO, Calif., February 7, 2022–(BUSINESS WIRE)–Origin Materials, Inc. (“Origin” or “Origin Materials”) (NASDAQ: ORGN, ORGNW), the global leader in carbon negative materials whose mission is to enable the global transition to sustainable materials, and the Green Chemistry Division of Minafin Group (“Minafin”), a global specialty chemicals company, enter into a strategic partnership to industrialize high value-added specialty materials based on Origin’s carbon negative materials .

The partnership includes several areas of collaboration and is an important step in bringing cost-competitive bio-based products to market with applications in the pharmaceutical, agricultural, cosmetic and personal care, and automotive industries. As part of this partnership, Pennakem, a subsidiary of Minafin, aims to develop new technologies with Origin in order to further expand the market for Pennakem’s bio-based products. Through this partnership, Origin aims to develop and industrialize additional high-value products based on its core technology platform, leveraging Minafin’s proprietary technologies, manufacturing know-how and customer relationships.

Additionally, Minafin’s EcoXtract® business unit is in talks with Origin to commercialize its breakthrough bio-based extraction process using sustainable carbon-negative materials produced by Origin. The EcoXtract® process efficiently extracts vegetable oils useful for food, cosmetics and other applications.

“Partnering with Minafin’s Green Chemistry division is an important step in our mission to transition the world to sustainable materials,” said Rich Riley, co-CEO of Origin Materials. “The opportunity to work together is remarkably broad, and we are excited to co-develop high value-added products. Minafin brings technologies and know-how that will further enable us to deliver value across a wide range of specialty chemical end markets. “

“This partnership with Origin Materials will play an important role in unlocking the additional potential of our products and technologies across the world and demonstrates the new structure within the Minafin Group,” added Gust Desmedt, CEO of the Green Chemistry division of Minafin. “This partnership will enable our customers to accelerate their transition to our innovative bio-based alternatives through improved competitiveness and supply reliability.”

About original materials
Based in West Sacramento, Origin Materials is the global leader in carbon negative materials. Origin’s mission is to enable the global transition to sustainable materials. For more than a decade, Origin has developed a platform to turn the carbon in inexpensive, abundant, non-food biomass, like sustainable wood residues, into useful materials while capturing carbon in the process. Origin’s patented technology platform can help revolutionize the production of a wide range of end products, including apparel, textiles, plastics, packaging, auto parts, tires, carpets, toys, etc., with an addressable market of approximately $1 trillion. Additionally, Origin’s technology platform is expected to provide stable pricing largely decoupled from the oil supply chain, which is exposed to more volatility than supply chains based on sustainable wood residues. Origin’s patented core technology, economy and carbon impact are supported by a growing list of major global customers and investors. For more information, visit www.originmaterials.com.

About Pennakem, LLC
Pennakem, a subsidiary of the Belgian Minafin group, is an innovative specialty chemicals company with over 60 years of experience in the development and manufacture of bio-based chemicals. Pennakem is the world’s largest supplier of specialty bio-based products derived from furfural, with demonstrated value in pharmaceutical, agricultural and rubber additive processes and environmentally friendly solvent applications. Pennakem is the leader in bio-based solutions in the growing markets of green chemistry and specialty chemicals. For more information, visit https://pennakem.com/.

About EcoXtract®
EcoXtract®, a business unit of the Belgian Minafin group, brings to the animal feed market a 100% bio-based and safe extraction solution for oils, vegetable proteins and natural ingredients. This revolutionary and award-winning innovation is bio-based (made from non-food raw materials), safer for human health (same classification as ethanol) and with CO2 impact ten times lower than the petrochemical solvent currently used. For more information, visit https://ecoxtract.com/.

About Minafin Group
The Minafin Group is a leading developer and manufacturer of fine chemicals with three main areas of expertise: health chemistry, green chemistry and challenge chemistry. Minafin operates six industrial manufacturing sites in Europe and North America. They provide customers in the pharmaceutical, cosmetics, agricultural and high-tech sectors with a range of proprietary products, custom manufacturing, industrial process development and services, and versatile green chemistry formulations. Minafin invests significantly in R&D to create value for its customers by specializing in eco-responsible innovations and solutions that provide a competitive and sustainable advantage. Its strong industrial capabilities are consolidated through seven business units: Minakem, Pennakem, Minasolve, Minagro, EcoXtract, Minascent and Pressure Chemicals, which generated over €243m in revenue in 2020. Founded in 2004 as a A private industrial company, Minafin is headquartered in Belgium and employs more than 900 people. For more information, visit http://minafin.com/.

Caution Regarding Forward-Looking Statements
This press release contains certain forward-looking statements within the meaning of the federal securities laws. Forward-looking statements are generally accompanied by words such as “believe”, “may”, “will”, “estimate”, “continue”, “anticipate”, “intend”, “expect”, ” should”, “should”, “plan”, “predict”, “potential”, “seem”, “seek”, “future”, “prospect” and similar expressions which predict or indicate future events or trends or which are not not statements of historical matters. These forward-looking statements include, but are not limited to, statements regarding Origin Materials’ business strategy, estimated total addressable market, our ability to develop additional high-value products beyond our core CMF platform, and our ability to realize the anticipated benefits of any partnership. discussed in the press release. These statements are based on various assumptions, whether or not identified in this press release, and the current expectations of Origin Materials’ management and are not predictions of actual performance. These forward-looking statements are provided for informational purposes only and are not intended to be relied upon and should not be relied upon as a guarantee, assurance, prediction or definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from the assumptions. Many actual events and circumstances are beyond Origin Materials’ control. These forward-looking statements are subject to a number of risks and uncertainties, including that Origin Materials may not be able to successfully commercialize its products; the effects of competition on Origin Materials’ business; disruptions and other impacts on Origin Materials’ business due to the COVID-19 pandemic and other global health or economic crises; changes in customer demand; and the factors discussed in the Quarterly Report on Form 10-Q filed with the SEC on November 12, 2021 under the heading “Risk Factors”, and other documents that Origin Materials has filed or will file with the SEC. If one of these risks materializes, or if our assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. There may be additional risks that Origin Materials is not currently aware of, or that Origin Materials currently believes are not material, that could also cause actual results to differ from those contained in the forward-looking statements. In addition, forward-looking statements reflect Origin Materials’ expectations, plans or forecasts regarding future events and its views as of the date of this press release. Origin Materials anticipates that subsequent events and developments will cause its assessments to change. However, while Origin Materials may choose to update these forward-looking statements at some time in the future, Origin Materials expressly disclaims any obligation to do so. These forward-looking statements should not be construed as representing Origin Materials’ assessments of any date subsequent to the date of this press release. Accordingly, undue reliance should not be placed on forward-looking statements.

See the source version on businesswire.com: https://www.businesswire.com/news/home/20220207005102/en/

contacts

original materials
Investors:
[email protected]

Media:
[email protected]

Minafin
Media:
Gust Desmedt, [email protected]

Project:
Bharat Boppana, [email protected]

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