{"id":100679,"date":"2021-11-17T07:32:00","date_gmt":"2021-11-17T06:32:00","guid":{"rendered":"https:\/\/renewable-carbon.eu\/news\/?p=100679"},"modified":"2021-11-13T12:34:08","modified_gmt":"2021-11-13T11:34:08","slug":"origin-materials-and-kolon-form-strategic-partnership-to-industrialize-advanced-carbon-negative-chemicals-and-materials","status":"publish","type":"post","link":"https:\/\/renewable-carbon.eu\/news\/origin-materials-and-kolon-form-strategic-partnership-to-industrialize-advanced-carbon-negative-chemicals-and-materials\/","title":{"rendered":"Origin Materials and Kolon Form Strategic Partnership to Industrialize Advanced Carbon-Negative Chemicals and Materials"},"content":{"rendered":"\n

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Origin Materials, Inc. (\u201cOrigin\u201d or \u201cOrigin Materials\u201d) (NASDAQ: ORGN, ORGNW), the world\u2019s leading carbon negative materials company with a mission to enable the world\u2019s transition to sustainable materials, and Kolon Industries, Inc. (\u201cKolon,\u201d \u201cKolon Industries\u201d), a global leader in chemicals and materials, today announced a strategic partnership to industrialize novel polymers and drop-in solutions for select applications, with an initial focus on automotive applications.<\/strong><\/p>\n\n\n\n

This strategic partnership aims to rapidly develop and industrialize new sustainable carbon-negative products based on Origin Materials\u2019 patented technology platform, leveraging Kolon\u2019s polymerization expertise, application development and supply chain strength. As part of the partnership, Kolon signed a multi-year capacity reservation agreement to purchase sustainable carbon-negative materials from Origin Materials.<\/p>\n\n\n\n

The partnership includes co-development aimed at commercializing polyethylene furanoate (\u201cPEF\u201d), a polymer with an attractive combination of performance characteristics for packaging and other applications, including enhanced barrier properties when compared with polyethylene terephthalate (\u201cPET\u201d), degradability, and other qualities. Origin Materials\u2019 technology platform is expected to produce cost-competitive, sustainable, carbon-negative furandicarboxylic acid (\u201cFDCA\u201d), the primary precursor to PEF. Kolon Industries\u2019 deep polymer expertise in novel FDCA-based polymers, including PEF, is expected to introduce world-class carbon-negative polymers and chemistries.<\/p>\n\n\n\n

Origin Materials and Kolon believe that Origin\u2019s platform, together with Kolon\u2019s demonstrated expertise in polymer chemistry, manufacturing and application development, can accelerate the deployment of environmentally sustainable products and create profitable, competitively advantaged business opportunities for both companies.<\/p>\n\n\n\n

\u201cOrigin is a pioneer and a global leader in carbon negative chemical technology, and Kolon Industries is a world leader in chemicals and polymers,\u201d said Sung Han, Chief Technology Officer of Kolon Group. \u201cTherefore, the collaboration between these two companies will ensure both carbon-negative and cost-effective Sustainable Polymer Economy, which will further enable the realization of the Circular Economy.\u201d<\/p>\n\n\n\n

\u201cKolon is a highly innovative company and a world leader in polymer development,\u201d said John Bissell, Co-CEO of Origin Materials. \u201cWe are thrilled to work together to enable our shared vision for a net zero material economy. This partnership reflects both companies\u2019 commitment to sustainable innovation.\u201d<\/p>\n\n\n\n

About Origin Materials<\/h3>\n\n\n\n

Headquartered in West Sacramento, Origin Materials is the world’s leading carbon negative materials company. Origin\u2019s mission is to enable the world\u2019s transition to sustainable materials. Over the past 10 years, Origin has developed a platform for turning the carbon found in inexpensive, plentiful, non-food biomass such as sustainable wood residues into useful materials while capturing carbon in the process. Origin\u2019s patented technology platform can help revolutionize the production of a wide range of end products, including clothing, textiles, plastics, packaging, car parts, tires, carpeting, toys, and more with a ~$1 trillion addressable market. In addition, Origin\u2019s technology platform is expected to provide stable pricing largely decoupled from the petroleum supply chain, which is exposed to more volatility than supply chains based on sustainable wood residues. Origin\u2019s patented drop-in core technology, economics and carbon impact are supported by a growing list of major global customers and investors.<\/p>\n\n\n\n

About Kolon Industries, Inc.<\/h3>\n\n\n\n

Kolon Industries, headquartered in Seoul, Korea, and founded in 1957, is an innovative chemical and material company. Kolon Industries\u2019 vision is Lifestyle Innovator, enriching people\u2019s lifestyle through chemicals and materials that improve and sustain our planet. Kolon Industries has over 60 years of experience in polyester polymerization and its application technology including fiber, film and others. Kolon Industries\u2019 deep experience and proven success in cutting-edge polymer commercialization is expected to secure novel bio-based polymers.<\/p>\n","protected":false},"excerpt":{"rendered":"

Origin Materials, Inc. (\u201cOrigin\u201d or \u201cOrigin Materials\u201d) (NASDAQ: ORGN, ORGNW), the world\u2019s leading carbon negative materials company with a mission to enable the world\u2019s transition to sustainable materials, and Kolon Industries, Inc. (\u201cKolon,\u201d \u201cKolon Industries\u201d), a global leader in chemicals and materials, today announced a strategic partnership to industrialize novel polymers and drop-in solutions for […]<\/p>\n","protected":false},"author":59,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_seopress_robots_primary_cat":"none","nova_meta_subtitle":"Materials include novel polymers and drop-in solutions for select applications, with an initial focus on automotive applications","footnotes":""},"categories":[5572],"tags":[7059,11270,5847,10416,7105],"supplier":[13241,13188],"class_list":["post-100679","post","type-post","status-publish","format-standard","hentry","category-bio-based","tag-automotive","tag-biodegradability","tag-bioplastics","tag-circulareconomy","tag-packaging","supplier-kolon-industries-inc","supplier-origin-materials"],"_links":{"self":[{"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/posts\/100679","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/users\/59"}],"replies":[{"embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/comments?post=100679"}],"version-history":[{"count":0,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/posts\/100679\/revisions"}],"wp:attachment":[{"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/media?parent=100679"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/categories?post=100679"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/tags?post=100679"},{"taxonomy":"supplier","embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/supplier?post=100679"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}