Origin Materials, Indorama Ventures to Speed Up Mass Production of Bio-Based Materials

Strategic Partnership Origin Materials, Indorama Ventures to Speed Up Mass Production of Bio-Based Materials

11.05.2023 Source: Press release Ahlam Rais

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Under a strategic partnership between Origin Materials and Indorama Ventures, both the firms will work towards accelerating the mass production of bio-based materials. For this, the companies will also explore the option of converting an Indorama Ventures’ U.S. facility into a bio-based materials plant in order to develop and commercialize low-carbon bio-based materials.

Origin Materials and Indorama Ventures signed a strategic MOU to explore initiatives related to the rapid commercialization of low-carbon, bio-based materials.
(Source: Pixabay)

West Sacramento/USA – Origin Materials and Indorama Ventures have recently announced a strategic partnership to accelerate the mass production of bio-based materials. Origin Materials and Indorama Ventures signed a strategic memorandum of understanding (MOU) to explore initiatives related to the rapid commercialization of low-carbon, bio-based materials. Initiatives include evaluating the use of existing Indorama Ventures’ units in the United States with some modification to commercially produce bio-based materials. Under this arrangement, Indorama Ventures would convert derivatives of Origin Materials’ platform chemical CMF (chloromethylfurfural) into various sustainable chemicals and bio-based plastics.

Under the MOU, the companies will also study the potential to use production samples of bio-based materials in limited-volume product launches in partnership with high-profile brands. The materials could potentially be used in packaging, textiles, films, and automotive applications. These could include bio-Pet, bio-PTA, the advanced bio-based chemical FDCA (furandicarboxylic acid), and co-polyesters that have an advantage over traditional Pet plastic.

The companies share a strategic interest in rapidly deploying Origin Materials’ carbon-negative technology platform, which converts sustainable wood residues into useful materials. The partnership is expected to enhance the value of Indorama Ventures’ global petrochemical manufacturing footprint and support the company’s Vision 2030 to build on its industry leadership in sustainability by adopting low-carbon intensity, bio-based materials.

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