Headquartered in West Sacramento, Origin Materials is the world's leading carbon negative materials company. Origin Materials’ mission is to enable the world’s transition to sustainable materials. Over the past 10 years, Origin Materials has developed a platform for turning the carbon found in non-food biomass into useful materials, while capturing carbon in the process. Origin Materials’ patented drop-in core technology, economics and carbon impact are supported by a growing list of major global customers and investors. Origin Materials’ first commercial plant is expected to be operational in 2022 with a second commercial plant expected to be operational by 2025 and plans for additional expansion over the next decade.
Another important thing... can the financial situation fully support ORIGIN 2 ? , especially with the current level of cash burn? Are you going to come out with another delay? Believe me, we understand all the current circumstances... We just want to ((( hear ))) about ORIGIN 2 . year ago you said 2027 ... for sure it will not be 2027 .. Because We do not see construction work ... 2030 ? maybe !!!
Why recently you only talked about caps .. why you are not talking about origin 2 ... or other products .. I understand that caps is very important in this phase .. but we really need to hear about something else.
I too am starting to wonder why they have not mentioned plant number 2 in the past year almost. With that being said the company still sits in a decent position just with this cap business alone so maybe its best they focus on one thing at a time
Obfuscation: profitability has nothing to do with cash on hand. Your cash burn of 60M$ per annum is going to be offset by, what, $300M of caps per annum at a 20% margin 🤷 Yea right, GL moving that kinda volume in year 1, or even in year 3 for that matter.
Matt: the company is well positioned to generate significant shareholder value. Nope, your cash burn is depleting cash reserves faster than any recycled PET bottle cap endeavour can mitigate.
Let's step up our professionalism guys. Put on a decent shirt if you are going to be presenting publicly. Other investors may judge you and the company negatively because of this. If I am correct, this could be a factor in depressing the stock price. No offense intended, step up your public presentability game.
Ryan Smith: All right. Top of the list here: “John, do you think we are going to be rich, or really, really rich?” John Bissell: You know, if you look at the history of chemical companies that successfully develop a new chemical platform, it's basically like reading the list of old money families. The other ones that creep in are banking, railroads, and oil. So, you know, I guess take that how you will.
Rich Riley (Co-CEO): It's less than 12 months to be in the market. It's a big world. It's a $65 billion market. It's really attractive. So I'm just incredibly excited about that. You can play with numbers but, you know, you can assume we take a certain amount of market share at mid double-digit margins of the caps & closures business with speed. You can have a very, very attractive, rapidly growing market business with a highly diff. product. To me, the present value of that business is a much higher stock price than we have right now, even if you didn’t give us credit for the biomass conversion core technology...we hope to show you over the coming quarters is proof of that plan in terms of partnerships, in terms of orders, in terms of more details on timelines we feel like we’ve sort of set it up and now it’s our job to deliver on it and show that we’re making progress. That caps & closures business, in my view, can be worth a lot and grow for a long, long time and is very scalable
Thank you for taking the time to do this video Ryan, John, Rich & Matt. This is the way to reach investors. Looking forward to the next 12 months & starting our unique Caps & Closures business targetting a $65B market with a unique sustainable product.
