Name

Origin Materials

Legal name

Origin Materials, Inc.

Website

https://originmaterials.com

Company type

Public

Founded year

2008

Operating status

Closed

Headcount range

101–250 employees

Ownership category

akta.pro rank

Product category

Sustainable Materials & Bio-Based Specialty Chemicals

NAICS

Petrochemical Manufacturing (32511), Petrochemical Manufacturing (325110), Plastics Material and Resin Manufacturing (325211), Resin and Synthetic Rubber Manufacturing (32521), Other Basic Organic Chemical Manufacturing (32519), Cyclic Crude, Intermediate, and Gum and Wood Chemical Manufacturing (325194)

SIC

Plastic Material, Synth Resin/Rubber, Cellulos (No Glass) (2820), Industrial Organic Chemicals (2860), Adhesives & Sealants (2891), Unsupported Plastics Film & Sheet (3081)

akta.pro primary industry

Polyesters & PET Chain (PTA, MEG, PET) (IMAEADAG)

akta.pro secondary industries

Bio-based Platform & Commodity Chemicals (e.g., bio-ethylene, bio-propylene, bio-BTX, bio-methanol) (EUAAAIAA), Biochemicals & Bio-based Platform Chemicals (cellulose sugars, lignin derivatives, organic acids) (IMAMALAB), Base Aromatics (BTX: Benzene, Toluene, Xylenes) (IMAEADAB), C1 & Synthesis Gas Derivatives (Methanol, Formaldehyde, Acetic Acid) (IMAEADAC), Bio-based Solvents & Process Chemicals (e.g., bio-acetone, bio-butanol, bio-IPA, green solvents) (EUAAAIAB)

Keywords

• Sustainable bio-based materials
• PET caps and closures
• Carbon-negative chemicals
• Biomass chemocatalysis platform
• Bio-based PET manufacturing

Headquarters

HQ city

West Sacramento

HQ country

United States

HQ region

North America

Offices4 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Technology or R&D, Personnel, Operations, Supply Chain, Infrastructure, Marketing or Sales

Revenue model

1. Product Sales — PET Caps and Closures: Origin generates revenue from direct and channel sales of its commercial PET caps (including the CSD 1881 and tethered variants) made from recycled PET, bio-based PET, or virgin PET, delivered through distributors (HP Embalagens, Matrix Bottling) and production partners (Reed City Group, Bachmann Group, Royal Hordijk). Commercial pricing is quote-based via the [email protected] channel.
2. Material Sales — Bio-based PET, CMF, HTC, Carbon Black, Levulinic Acid, FDCA: Sales of Origin's platform chemical intermediates and finished materials (bio-based PET, CMF, HTC, bio-based carbon black, levulinic acid, FDCA) to industrial buyers across packaging, automotive, construction, textile, and specialty chemical applications, with drop-in identical chemistry to fossil-based equivalents.
3. Technology & Asset Sale / Licensing: Origin has historically monetized technology through licensing (e.g., FDCA process licensed inbound from Eastman in 2017) and, more recently (May 2026), pursued the sale of its PET cap technology and remaining assets as part of a wind-down and dissolution plan subject to shareholder approval.
4. Equipment Financing & Convertible Debt: Origin has funded operations and CapFormer line build-out through up to $83.3M in senior secured convertible notes (amended Dec 2025) and a $15M convertible debt facility plus $90M in options and a non-binding $20M equipment financing agreement (Q3 2025).

Pricing tiers

Go-to-market motion3 records

Distribution channels7 records

Marketing channels8 records

Core offering

Origin Materials develops and commercializes bio-based, carbon-negative materials derived from sustainable woody biomass. Its patented chemocatalysis platform converts non-food biomass (C-6 cellulose) into chemical intermediates such as chloromethylfurfural (CMF) and hydrothermal carbon (HTC), which feed a downstream portfolio of bio-based PET, FDCA, carbon black, levulinic acid, and other specialty chemicals. Its flagship commercial product line is Origin PET Caps and Closures — including the Origin CSD 1881 and the world's first tethered PET caps — produced via the proprietary CapFormer manufacturing system at facilities in Michigan and Europe and sold to CPG and beverage customers through channel partners.

Product overview

Origin Materials operates a single integrated platform-plus-modules architecture built around its patented chemocatalysis Furanics Platform, which converts sustainable wood residues into the CMF (chloromethylfurfural) and HTC (hydrothermal carbon) intermediates that feed its downstream products. The portfolio includes the CMF, FDCA, HTC, Levulinic Acid, and Origin PET chemical/biopolymer building blocks, plus Origin Carbon Black derived from HTC. Atop this chemistry base, Origin's flagship commercial product line is Origin PET Caps and Closures (including the Origin CSD 1881 beverage closure and the Origin "All PET" mono-material closures), produced using the Origin CapFormer System - the first commercial-scale PET cap manufacturing solution, co-developed with PackSys Global and inspected by IMDvista. The caps are made available through partnerships with Bachmann Group, Royal Hordijk Packaging, Reed City Group, Matrix Bottling Group, HP Embalagens, and Berlin Packaging. Several products (CMF, FDCA, HTC) carry the USDA Certified Biobased Product label under the BioPreferred Program. Operations are run through Origin Closures, LLC.

Differentiator

Problem solved

Functional benefit

Brands

• Origin PET: Brand for the company's carbon-negative bio-based PET plastic and products including PET bottle caps (Origin CSD 1881).
• CapFormer
• Origin Furanics

Products and services

• Origin PET Caps and Closures (Origin CSD 1881 and tethered variants) Origin's breakthrough mono-material PET caps and closures — including the Origin CSD 1881 beverage closure and the world's first tethered PET caps — designed for full container-to-container recycling. They can be produced with virgin, recycled, or bio-based PET for food-grade applications and are sold to beverage and consumer packaged goods customers through channel distributors.
• Origin CapFormer Manufacturing System The first and only commercial-scale manufacturing solution for PET caps, co-developed with PackSys Global at their Rüti, Switzerland headquarters and inspected with IMDvista vision technology. Enables mass production of lightweighted, tethered PET caps at the Reed City, Michigan facility and European partner sites.
• CMF (Chloromethylfurfural) A flexible furan platform precursor produced directly by Origin's chemocatalysis process from sustainable wood residues; used to produce para-xylene, PTA, PET, FDCA and numerous commodity and specialty chemistries with a carbon-negative footprint validated by Deloitte LCA.
• FDCA (Furandicarboxylic Acid) A next-generation monomer produced from CMF; the precursor to PEF (polyethylene furanoate). Applications include surfactants, epoxy resins, and PEF packaging offering equal optical clarity, oxygen barrier and recyclability versus PET with superior break protection versus glass and aluminum.
• Bio-based PET (Polyethylene Terephthalate) Origin's carbon-negative, 100% bio-content PET made from CMF derived from sustainable wood residues; drop-in ready, physically and chemically identical to fossil-based PET, equally recyclable, with applications in packaging, textiles, automotive, construction and other industries.
• Origin Carbon Black (bio-based) 100% bio-content carbon black made from Origin HTC (wood residue) rather than petroleum; a versatile filler and pigment for tires, mechanical rubber goods, plastic masterbatch, belts and hoses, with tunable particle size, surface area, and hydrophilicity/hydrophobicity, and no detectable PAH levels.
• HTC (Hydrothermal Carbon) Carbon-rich, highly structured and flexible raw material produced directly by Origin's patented technology platform from sustainable wood residues; convertible into carbon black, activated carbon, specialty agricultural products, fuels, and other applications with a carbon-negative footprint.
• Levulinic Acid (LA) A versatile drop-in building block produced from sustainable wood residues via Origin's patented platform with a carbon-negative footprint; used in plasticizers, ethyl levulinate, surfactants, pharmaceuticals and many specialty/industrial applications.
• Origin "All PET" mono-material bottle caps and closures Patent-pending, cost-competitive PET caps and tamper-resistant closures that enable 100% recycled PET mono-material bottles and caps with improved post-consumer recyclability and better oxygen and CO2 barrier performance than HDPE and PP.

Quantifiable outcome

• -1.2 kg CO2 eq/kg CMF; -1.7 kg CO2 eq/kg HTC; -1.5 kg CO2 eq/kg furfural; -1.4 kg CO2 eq/kg levulinic acid at commercial scale (Deloitte LCA)
• +2 more outcomes

Named customers5 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration8 records

Feature6 records

Partnerships

Eleven partnerships are on record, tiered flagship and core.

• HP EmbalagensflagshipChannel Partner/ Reseller/ Distributor · 19 March 2026HP Embalagens is Origin's strategic distributor for sustainable PET bottle caps in South America, particularly Brazil. HP Embalagens purchases Origin's 100% post-consumer recycled PET caps (including the 1881 beverage closure) and distributes them to major clients such as Nestlé, Ferrero Rocher, Natura, and Johnson & Johnson.
• Matrix Bottling GroupflagshipStrategic or Co-development Partner · 26 February 2026Origin Materials and Matrix Bottling Group announced a partnership to develop and supply recyclable PET bottle caps for major beverage brands. Matrix Bottling provides bottling and capping services for Origin's caps, starting with 28mm caps and expanding to additional formats. The companies previously collaborated on a Q4 2025 bottling trial, with customer qualification trials throughout 2026.
• Berlin PackagingcoreChannel Partner/ Reseller/ Distributor · 23 February 2026Berlin Packaging announced a strategic customer relationship to source Origin Materials' sustainable PET for use in bottlecaps and related packaging components. The partnership introduces lower carbon intensity materials into beverage and consumer goods packaging supply chains while maintaining compatibility with existing manufacturing and recycling streams; specific commercial terms and volume commitments were not disclosed.
• FordcoreStrategic or Co-development Partner · 11 June 2021Ford partnered with Origin Materials in June 2021 to use Origin's bio-based PET and wood-derived materials in the automotive supply chain. Applications include bumpers, paint pigment, door panels, tire filler, head rests, seat cushions, arm rests, and more.
• Eastman ChemicalcoreOEM/ Whitelabel/ Licensing Partner · 2 October 2017Origin Materials licensed production technology for 2,5-furandicarboxylic acid (FDCA) and related derivatives from Eastman Chemical in October 2017. FDCA is the precursor to PEF (polyethylene furanoate), a next-generation polymer.
• NaturALL Bottle Alliance (Danone, Nestlé Waters, PepsiCo)flagshipStrategic or Co-development Partner · 2 March 2017Research consortium co-founded in March 2017 by Danone, Nestlé Waters, and Origin Materials to develop and introduce 100% bio-based PET beverage bottles. PepsiCo joined in September 2019. The alliance continues to make progress on developing bio-based beverage bottles.
• PackSys GlobalflagshipTechnology or IntegrationPackSys Global is Origin's partner for producing the world's first commercial-scale PET cap and closure manufacturing system (the CapFormer) at their headquarters in Rüti, Switzerland. The collaboration is described as a game changer for recycling circularity and product performance.
• Reed City GroupflagshipChannel Partner/ Reseller/ DistributorReed City Group is Origin's North American mass-production partner based in Reed City, Michigan, which commenced commercial production of PET bottle caps in February 2025.
• Bachmann GroupflagshipChannel Partner/ Reseller/ DistributorBachmann Group is Origin's European mass-production partner producing PET caps in Europe. Featured on the /caps partners page as a key PET cap mass-production partner.
• Royal Hordijk PackagingflagshipChannel Partner/ Reseller/ DistributorRoyal Hordijk is Origin's European mass-production partner producing billions of lightweighted PET caps and tethered caps, improving bottle-to-bottle recyclability. Partnership featured in Plastics Today coverage in July 2025.
• IMDvistacoreTechnology or IntegrationIMDvista is the Swiss high-tech vision company partnering with Origin Materials to inspect PET caps. Highlighted as a select partner on the /caps page.

Scale indicators14 records

Recent moves8 records

Direct peers

• Avantium: Avantium develops FDCA and PEF — a next-generation bio-based polymer that competes directly with Origin's FDCA/PEF platform. Both companies aim to commercialize plant-based, high-barrier, recyclable packaging chemicals with drop-in compatibility into existing PET recycling streams, targeting beverage and packaging customers.
• Danimer Scientific: Danimer Scientific is a public bio-based plastics company producing PHA biopolymers for packaging, food service, and consumer goods — directly competing with Origin's bio-based PET and PET cap value proposition of replacing fossil-based plastics with renewable, recyclable materials in CPG applications.
• Carbios: Carbios develops enzymatic PET recycling technology that produces virgin-quality PET from mixed and colored plastics — competing with Origin on the sustainable PET narrative. Both companies target beverage and packaging customers seeking circular PET solutions and have pursued partnerships with major CPG brands.

Emerging players

• LanzaTech: LanzaTech uses gas fermentation to convert industrial off-gases into ethanol and chemical intermediates, including carbon-negative sustainable aviation fuel and specialty chemicals. While it uses a different feedstock (industrial gases vs. biomass), it competes with Origin for sustainability-focused chemical customers and carbon-negative feedstock narratives.
• Bloom Biorenewables: Bloom Biorenewables develops bio-based alternatives to fossil-derived ingredients for personal care, flavor & fragrance, and specialty chemicals using lignocellulosic biomass — overlapping with Origin's bio-based chemistry platform in feedstock, end-market (specialty chemicals), and sustainability positioning.
• Anellotech: Anellotech uses a thermochemical catalytic process to convert biomass into aromatic chemicals (BTX) that can be used to make plastics like PET — a similar biomass-to-aromatic-chemicals approach that overlaps with Origin's CMF-to-PX/PTA/PET pathway.

Broad incumbents

• Eastman Chemical: Eastman Chemical is a large specialty chemicals company that licensed its FDCA process technology to Origin in 2017, and operates broadly in chemicals, plastics, and fibers including molecular recycling (Carbon Renewal Technology). It is both a licensor/incumbent in Origin's stack and a direct competitor in sustainable plastics.
• Braskem: Braskem is a major petrochemical incumbent producing bio-based polyethylene (I'm green) from sugarcane ethanol, and competes with Origin's bio-based PET in the broader sustainable plastics market. Braskem offers drop-in bio-based polyolefins to packaging, automotive, and consumer goods customers at scale.
• AptarGroup: AptarGroup is a global leader in dispensing systems, seals, and closures serving CPG, food/beverage, and personal care markets. As a major cap/closure incumbent with deep relationships at the same CPG customers Origin targets (PepsiCo, Nestle, etc.), Aptar is a direct competitor to Origin's PET cap and closure product line.
• Silgan Holdings: Silgan Holdings is a major manufacturer of dispensing and specialty closures, metal containers, and plastic containers for CPG customers globally. It competes directly with Origin's PET cap business and already supplies the same beverage and food brand customers at scale.

Market position

Strengths3 records

Weaknesses4 records

Competitive moat5 records

Key risks7 records

Key highlights6 records

Customer concentration

• Xx.com/originmaterials
• LinkedInlinkedin.com/company/origin-materials

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Subsidiaries1 record

Funding overview

Funding rounds3 records

Investors11 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Origin Materials