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Origin Materials and Packaging Matters Launch Partnership to Develop Advanced Carbon-Negative Packaging Solutions, Building on Existing 10-Year Supply Agreement
Packaging Matters and Origin Materials will partner to develop advanced packaging materials, including polyethylene furanoate, “PEF,” a next-generation
About this update from Origin Materials, Inc.
[{"type":"text","content":"\n\nPackaging Matters and Origin Materials will partner to develop advanced packaging materials, including polyethylene furanoate, “PEF,” a next-generation polymer. The project will leverage Origin Materials’ expertise with FDCA, a chemical from which PEF is made.\n\n\nPackaging Matters will transition its virgin petroleum-based PET purchases to sustainable carbon-negative PET from Origin Materials. Origin Materials’ sustainable carbon-negative PET is physically and chemically identical to petroleum-based PET and equally recyclable.\n\n\nOrigin Materials, the world’s leading carbon-negative materials company, will leverage its patented technology platform, which turns cellulose from sustainable wood residues into cost-advantaged, carbon negative materials that reduce the need for fossil resources.\n\n\n WEST SACRAMENTO, Calif. & VISALIA, Calif.--(BUSINESS WIRE)--\nOrigin Materials, Inc. (“Origin Materials”), the world’s leading carbon negative materials company, and Packaging Matters, a packaging innovation leader, today announced an agreement to develop advanced packaging solutions, including a next-generation polymer, polyethylene furanoate (“PEF”). Packaging Matters had previously entered into a supply agreement to purchase sustainable carbon-negative PET from Origin Materials to create next-generation packaging.\nThis press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210412005258/en/\nThe partnership represents a potential breakthrough in the commercialization of PEF, a polymer with an attractive combination of performance characteristics for packaging, including enhanced barrier properties, degradability, and other qualities. Origin Materials’ technology platform is expected to produce sustainable carbon-negative FDCA, the precursor to PEF, cost-competitively, and the partnership aims to enable Packaging Matters to be first-mover to bring the novel product to its customers. Furthermore, this development work for PEF is intended to facilitate the creation of additional novel polymers with performance characteristics that meet the needs of consumers and Packaging Matters’ customers, while delivering new types of packaging for today’s decarbonizing economy.\n\nMany of today’s clothing, carpets, automotive parts, and other products are made from chemicals and plastics derive...