Carbon-Negative Materials Mitsubishi Gas Chemical, Origin Materials to Industrialize Advanced Chemicals
Under an agreement signed between Origin Materials and Mitsubishi Gas Chemical, Origin Materials will sell Mitsubishi Gas Chemical’s carbon-negative materials. Together both the companies will also aim to develop and industrialize new as well as advanced carbon-negative chemicals based on Origin Materials’ technology platform.
Tokyo/Japan – Origin Materials and Mitsubishi Gas Chemical have recently announced a partnership to industrialize and manufacture advanced chemicals and materials built on the Origin Materials technology platform.
The partnership includes an agreement for Origin Materials to sell Mitsubishi Gas Chemical carbon-negative materials and a joint development agreement for the companies to create new, functionally advantaged chemicals and derivatives, including high-value specialty chemicals.
The partnership aims to rapidly develop and industrialize new products based on Origin Materials’ technology platform, leveraging the leadership position of Mitsubishi Gas Chemical as a provider of expertise and resources across global supply chains; Mitsubishi Gas Chemical is an important strategic partner for Origin Materials for accessing end markets in the automotive, medical, food, information and communication, energy, and infrastructure sectors.
The companies believe that the market for carbon-negative chemicals and advanced materials will grow significantly in response to rising global demand for low-carbon products and services. The companies aim to explore not only new technologies, but new industrial supply chain relationships that are expected to support technology commercialization and enable downstream products across a variety of industries and applications, including functionally advantaged chemicals and materials.
Origin Materials believes its technology platform, which turns inexpensive, sustainable wood residues into carbon-negative materials, will help revolutionize the production of a wide range of end products, including clothing, textiles, plastics, packaging, car parts, tires, carpeting, toys, and more with a 1 trillion-dollar addressable market.
In addition, Origin Materials’ technology platform is expected to provide stable pricing largely de-coupled from the petroleum supply chain, which is exposed to more volatility than supply chains based on sustainable wood residues.