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US' Origin & Mitsui to develop advanced carbon-negative chemicals

21
Jan '22
Pic: Origin Materials
Pic: Origin Materials
Origin Materials, the world’s leading carbon negative materials company with a mission to enable the world’s transition to sustainable materials, and Mitsui, a global leader in energy, machinery, chemicals, food, textile, logistics, finance, and more, has announced a strategic partnership to industrialise advanced carbon negative materials.

The strategic partnership aims to rapidly develop and industrialise new sustainable carbon-negative products for the automotive, chemicals, electronics, packaging, textiles, construction, and personal care industries based on Origin Materials’ patented technology platform. The partnership will leverage Mitsui’s global supply chain strength, access to Japanese and international markets, and leadership in business innovation. As part of the partnership, Mitsui signed a multi-year capacity reservation agreement to purchase sustainable carbon-negative materials from Origin Materials, the company said in a statement.

“We are pleased to partner with Mitsui, a global leader in multiple business areas, including chemicals, textiles, and many others. We are strategically aligned and share a common vision for the role that sustainable, cost-competitive, carbon-negative materials can play in creating value worldwide. This partnership reflects our shared commitment to driving sustainable growth, while reducing greenhouse gas emissions. Additionally, the partnership represents further progress in Origin’s mission to enable the world’s transition to sustainable materials,” Rich Riley, co-CEO of Origin Materials said in statement.

Fibre2Fashion News Desk (GK)

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