June 25, 2022

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Origin Materials and Minafin Group Form Strategic Partnership to Industrialize Carbon-Negative Chemicals and Materials

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WEST SACRAMENTO, Calif.–(Business WIRE)–Origin Supplies, Inc. (“Origin” or “Origin Materials”) (NASDAQ: ORGN, ORGNW), the world’s primary carbon detrimental materials organization with a mission to permit the world’s transition to sustainable components, and the Inexperienced Chemistry Division of the Minafin Group (“Minafin”), a global specialty chemical business, are coming into into a strategic partnership to industrialize superior-worth specialty products dependent on Origin’s carbon-unfavorable components.

The partnership features numerous collaboration areas and is an essential milestone for bringing price-competitive biobased solutions to the market place, with apps in the pharmaceutical, agricultural, cosmetics and personalized care, and automotive industries. As part of the partnership, Minafin affiliate Pennakem aims to produce new systems with Origin to further increase the industry for Pennakem’s biobased solutions. Via this partnership, Origin aims to create and industrialize additional significant-worth solutions primarily based on its core engineering system, leveraging the proprietary technologies, producing know-how and client interactions of Minafin.

In addition, Minafin business enterprise unit EcoXtract® is in discussions with Origin to commercialize its revolutionary biobased extraction approach applying sustainable carbon-destructive resources generated by Origin. The EcoXtract® system efficiently extracts handy plant oils for foodstuff, cosmetics, and other apps.

“Partnering with the Environmentally friendly Chemistry Division of Minafin is a considerable milestone in our mission to changeover the globe to sustainable materials,” said Origin Elements Co-CEO Rich Riley. “The option for functioning with each other is remarkably wide, and we are enthusiastic to collaboratively create substantial-benefit items. Minafin provides technologies and know-how to the table that will further help us to supply value across a broad spectrum of specialty chemical compounds finish marketplaces.”

“This partnership with Origin Materials will play a major function in knowing further more possible for our products and systems across the globe and attests to the new construction in just Minafin Team,” extra Gust Desmedt, CEO of the Green Chemistry Division of Minafin. “This partnership will help our prospects to speed up their change to our ground breaking biobased choices as a result of enhanced competitiveness and offer dependability.”

About Origin Products

Headquartered in West Sacramento, Origin Elements is the world’s major carbon adverse supplies enterprise. Origin’s mission is to help the world’s changeover to sustainable products. For over a ten years, Origin has made a platform for turning the carbon located in cheap, plentiful, non-meals biomass these as sustainable wood residues into valuable materials while capturing carbon in the process. Origin’s patented technologies system can help revolutionize the production of a broad variety of conclusion products and solutions, like clothes, textiles, plastics, packaging, automobile parts, tires, carpeting, toys, and far more with a ~$1 trillion addressable sector. In addition, Origin’s know-how system is predicted to offer steady pricing mostly decoupled from the petroleum provide chain, which is exposed to much more volatility than supply chains centered on sustainable wood residues. Origin’s patented drop-in core engineering, economics and carbon influence are supported by a rising checklist of key international prospects and traders. For a lot more information and facts, stop by www.originmaterials.com.

About Pennakem, LLC

Pennakem, an affiliate of the Belgian Minafin Team, is an modern specialty chemical enterprise with more than 60 several years of biobased chemical substances improvement and producing knowledge. Pennakem is the greatest worldwide supplier of specialty furfural-derived biobased goods, with demonstrated value in pharmaceutical, agricultural, and rubber additive processes and environmentally friendly solvent apps. Pennakem is the chief in bringing biobased methods to expanding environmentally friendly chemistry and specialty chemical substances markets. For additional information and facts, visit https://pennakem.com/.

About EcoXtract®

EcoXtract®, a business device of the Belgian Minafin Group, is bringing to the feed industry a 100% biobased and protected extraction resolution for oils, plant proteins and all-natural substances. This breakthrough and award-profitable innovation is biobased (created from non-foods feedstocks), safer for human health and fitness (exact classification as ethanol) and with CO2 effect 10 times lower than the at present employed petrochemical solvent. For additional data, pay a visit to https://ecoxtract.com/.

About Minafin Team

The Minafin Group is a leading developer and manufacturer of wonderful chemicals with a few major spots of skills: wellbeing chemistry, green chemistry, and challenging chemistry. Minafin operates 6 industrial producing web sites throughout Europe and North The united states. They supply consumers in prescribed drugs, cosmetics, agriculture and hi-tech with a selection of proprietary items, tailor made production, industrial system advancement and solutions, and multi-function inexperienced chemistry formulations. Minafin invests appreciably in R&D to make worth for buyers by specializing in innovations and eco-welcoming answers that bring a aggressive edge and sustainability. Its solid industrial abilities are consolidated through seven small business units: Minakem, Pennakem, Minasolve, Minagro, EcoXtract, Minascent and Stress Chemicals, which generated over €243M in income in 2020. Launched in 2004 as a privately held industrial business, Minafin is headquartered in Belgium and employs 900+ personnel. For extra information and facts, check out http://minafin.com/.

Cautionary Notice on Forward-Seeking Statements

This push launch incorporates particular forward-searching statements in the meaning of the federal securities legal guidelines. Ahead-looking statements generally are accompanied by phrases these types of as “believe,” “may,” “will,” “estimate,” “continue,” “anticipate,” “intend,” “expect,” “should,” “would,” “plan,” “predict,” “potential,” “seem,” “seek,” “future,” “outlook,” and similar expressions that forecast or point out long run events or tendencies or that are not statements of historical matters. These ahead-looking statements include, but are not minimal to, statements about Origin Materials’ business strategy, approximated whole addressable current market, our means to produce supplemental higher-benefit solutions outside of our main CMF system and capacity to realize the predicted advantages of any partnerships talked about in the push release. These statements are based on several assumptions, no matter whether or not determined in this press release, and on the existing expectations of the management of Origin Components and are not predictions of precise performance. These forward-wanting statements are supplied for illustrative uses only and are not meant to provide as, and ought to not be relied on as, a assurance, an assurance, a prediction, or a definitive assertion of fact or likelihood. Actual situations and situations are hard or impossible to predict and will differ from assumptions. Numerous true situations and circumstances are past the management of Origin Components. These ahead-seeking statements are topic to a selection of pitfalls and uncertainties, such as that Origin Products might be unable to properly commercialize its products the outcomes of levels of competition on Origin Materials’ company disruptions and other impacts to Origin Materials’ enterprise as a final result of the COVID-19 pandemic and other world wide wellness or economic crises modifications in client demand from customers and all those components discussed in the Quarterly Report on Type 10-Q submitted with the SEC on November 12, 2021 under the heading “Risk Things,” and other documents Origin Elements has submitted, or will file, with the SEC. If any of these challenges materialize or our assumptions verify incorrect, actual final results could differ materially from the success implied by these ahead-wanting statements. There may be extra challenges that Origin Resources presently does not know, or that Origin Elements at present thinks are immaterial, that could also result in true benefits to vary from all those contained in the forward-seeking statements. In addition, ahead-wanting statements mirror Origin Materials’ expectations, plans, or forecasts of future gatherings and sights as of the date of this press release. Origin Supplies anticipates that subsequent gatherings and developments will result in its assessments to adjust. Having said that, while Origin Components may well elect to update these forward-seeking statements at some level in the upcoming, Origin Products particularly disclaim any obligation to do so. These ahead-wanting statements should not be relied on as symbolizing Origin Materials’ assessments of any date subsequent to the day of this push release. Accordingly, undue reliance should really not be placed upon the forward-on the lookout statements.

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