Trade Origin Materials Inc - ORGN CFD

Origin Materials, Inc. Company profile

About Origin Materials Inc

Origin Materials, Inc. is a carbon negative materials company. It has developed a platform for turning the carbon found in non-food biomass into useful materials, while capturing carbon in the process. It replaces petroleum-based materials with decarbonized materials in a range of end products, such as food and beverage packaging, clothing, textiles, plastics, car parts, carpeting, tires, adhesives, soil amendments and more. It has developed a platform technology to convert biomass, or plant-based carbon, into the building block chemicals chloromethyl furfural (CMF) and hydrothermal carbon (HTC), which are referred as furanic intermediates, as well as other minor products. Its technology converts sustainable feedstocks, such as sustainably harvested wood residues, agricultural waste, wood waste, and even corrugated cardboard into materials and products that are made from fossil feedstocks, such as petroleum and natural gas. These sustainable feedstocks are not used in food production.

Financial summary

BRIEF: For the fiscal year ended 31 December 2021, Origin Materials Inc revenues was not reported. Net income totaled $42.1M vs. loss of $25.9M. Net income reflects Change in fair value of derivative liabi decrease of 94% to $1.3M (expense). Basic Earnings per Share excluding Extraordinary Items increased from -$0.29 to $0.42.