DON CARBON ORIGIN FULL
DON CARBON ORIGIN SERIES

There are opportunities beyond PET as well. We see possibilities in cars, building materials, toys, toner and lots of others.” And we see a lot of other companies moving into PET from other plastics because it’s recyclable. But then look at Primaloft–they’re currently serving about 900 brands. Between those three companies, they buy about five million tons of PET a year, which translates into the potential for $8 billion in revenue and $4 billion in profit. If we can make those, we can make lots of things–they’re made of clear food-grade PET. “Our current customers are companies like Pepsi, Nestlé and Danone,” said Riley. While the current focus is on packaging, other markets beckon as well. “There’s an incredible eagerness–everybody wants to reduce emissions and our technology is economically viable without any government support.” “We have incredible tailwinds, and that will help with recruitment,” Riley added. We’re a small organization, so we’ll need the right people and the right partners.” “People don’t appreciate the difficulties of executing big capital projects. “One of our biggest challenges is execution,” Bissell said. One of the production system modules for the Origin 1 production facility in Sarnia, Ontario. Origin 2’s site selection will be done at the end of this year, with construction beginning in early 2023. Origin 1 is already under construction in Sarnia, Ontario, Canada, with foundations poured and tanks and modular equipment arriving.

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“Our first plant will be completed by the end of next year, and we’ll be at full scale by the end of 2025.” He’s referring to the company’s first two production plants, Origin 1 and Origin 2. “We’re scaling as fast was we can,” said Riley. The focus now is on commercial production. We’re definitely feeling enormous support.”Īll development and production to date has been in laboratories and pilot plants. Other alternative materials require changes to all of that. It provides them with a carbon-negative version of their existing materials, with no changes needed to their tooling or production processes. “They all have goals for the 2030s and 2040s, and our plan is an incredible market fit. “Our commitment is to help companies get to net zero and meet their emissions goals,” Riley explained. That’s all a potential big win for Origin’s customers. It doesn’t matter if we can get from this to that if it’s not cost-effective.” That’s driven what kind of process we use and what kind of materials we make. Our North Star is to compete with existing materials, with no subsidies. Every minute he spends not on the chemistry is wasted, which is why I’m here. This is a once-in-planet transition, and John is the Elon Musk of chemistry. Now we have $3.5 billion in orders and are aggressively pursuing a $1 trillion TAM. “I joined last year, when customer demand and the technology were where the needed to be.

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“I invested in the Series A at Origin,” he said. It was sold to Yahoo, and Riley subsequently served in a variety of executive roles at Yahoo, as CEO of Shazam Entertainment, as Industry Advisor at KKR & Co., Inc., and as Chairman of the Board and Investor at JourneyPure, a private health care network treating substance abusers.

Rich Riley, the other co-CEO, invented the browser toolbar now used by hundreds of millions of people around the globe in the late 1990s.

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