Origin Materials, Inc.

Origin Materials, Inc. develops carbon-negative materials and products derived from renewable feedstocks, with a focus on furanics chemistry and PET closures. The company is organized as a U.S.-based industrial materials business with operations centered on product development, manufacturing scale-up, and commercialization through customer agreements and supply-chain activation activities.

−1 310,2 %

−1 319,6 %

−39,5 %

2.83

2.81

— Origin Materials, Inc.
%
PET closures60% Caps and closure systems for packaged beverages and other consumer goods.
Furanics materials20% Renewable, bio-based chemical building blocks and related derivatives.
Supply chain activation15% Procurement and resale of materials while the company builds its own manufacturing footprint.
Services and contract revenue5% Customer and development-related services recognized under contract terms.

Origin sells into packaging and specialty chemicals value chains, where customers use its materials and closures in...

  • Beverage packaging and closures customersprimary

    Buy PET closures for use in beverage and consumer packaging applications, where performance and compatibility matter.

  • Specialty chemicals and materials customersprimary

    Buy furanics products and related intermediates for downstream industrial and packaging uses.

  • Offtake and strategic partnerssecondary

    Enter commercial arrangements that support future production, financing, and scale-up.

  • Supply chain activation customerssecondary

    Buy procured materials and related services while Origin builds its own manufacturing capability.

Origin is headquartered in the United States and currently conducts its business through a single operating segment...

  • •Headquartered and primarily operated in the United States
  • •Single operating segment in current reporting
  • •Future manufacturing and sales expected in the U.S. and abroad
  • •Cross-border supply chain exposure for equipment and components
  • •Potential foreign currency risk as international operations expand

Origin’s strategy is to scale its PET closures business and broader renewable materials platform through manufacturing...

01
Commercialize PET closures at scaleshort-term

Commercial production is needed to convert development work into repeatable revenue.

02
Secure external project financingshort-term

Large capital needs require funding beyond existing cash resources.

03
Expand renewable materials platformmedium-term

Broader product scope can support long-term market adoption and customer diversification.

Origin is an early-stage industrial company with limited commercial history, so execution risk is high across product...

critical

Financing risk

The business requires substantial project financing and incentives to fund plant build-out.

Scope
Capital expenditures and working capital
Materiality
high
high

Customer concentration

Top customers account for a very large share of revenue and receivables, so order changes can materially affect results.

Scope
Near-term product sales
Materiality
high
high

Manufacturing and commercialization execution

Products have not yet been produced in large commercial quantities, increasing launch and scale-up risk.

Scope
PET closures and furanics
Materiality
high
high

Supply chain concentration

Key inputs, equipment, and services depend on a limited number of suppliers, creating disruption risk.

Scope
Production inputs and manufacturing systems
Materiality
high
medium

Intellectual property and competition

Competitors may have greater resources and IP disputes could limit commercialization or require licensing.

Scope
Furanics and closures technologies
Materiality
medium
Revenue recognition from contracts with customers
Can shift revenue between periods and affect gross margin presentation
Impairment of long-lived assets
Can create non-cash charges tied to project economics
Asset write-downs and fair value estimates
Affects operating results and asset carrying values

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: 29/04/2026