Origin Materials and Indorama enter into a partnership to accelerate the mass production of biobased materials

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Type of post: NEWS IN BRIEF.

Origin Materials and Indorama Ventures have signed a strategic memorandum of understanding to explore initiatives related to the rapid commercialization of low-carbon, biobased materials. Initiatives include evaluating the use of existing Indorama Ventures’ units in the United States with some modification to commercially produce biobased materials. Under this arrangement, Indorama Ventures would convert derivatives of Origin Materials’ platform chemical CMF (chloromethylfurfural) into various sustainable chemicals and biobased plastics.

Under the MOU, the companies will also study the potential to use production samples of biobased 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 biobased 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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