Origin Materials Announces Commencement Of Commercial-Scale Production At Origin 1
Portfolio Pulse from Benzinga Newsdesk
Origin Materials has announced the commencement of commercial-scale production at its Origin 1 plant. The plant will convert sustainable wood residues into intermediate chemicals, targeting a ~$1 trillion addressable market. The chemicals produced can be used in a variety of end-products, including bio-based apparel and textiles, green tires for the automotive industry, and bio-based and fully recyclable packaging.
October 11, 2023 | 11:01 am
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Origin Materials' commencement of commercial-scale production at its Origin 1 plant could potentially boost its revenues and profitability, given the large addressable market.
The commencement of commercial-scale production at Origin 1 signifies a major milestone for Origin Materials. This could potentially lead to increased revenues and profitability, given the large addressable market. Therefore, this news is likely to have a positive impact on the company's stock price in the short term.
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