Origin Materials selects Geismar for its Origin 2 manfuacturing facility

In California, Origin Materials, Inc. and Louisiana Governor John Bel Edwards announced that, subject to finalization of economic incentives, the company has selected a site in Geismar, Louisiana, for the construction of its first world-scale manufacturing facility, Origin 2. 

The facility would produce carbon-negative materials used to make polyethylene terephthalate plastic, which is used in packaging, textiles, apparel, and other applications, as well as hydrothermal carbon, which can be used in fuel pellets, as activated carbon, and as a replacement for carbon black. Origin’s patented technology platform can turn the carbon found in sustainable wood residues into useful materials while capturing carbon in the process. 

The 150-acre facility would create an estimated 500 construction jobs, 200 local full-time positions, and between 500 and 1,000 indirect local jobs. The plant would convert an estimated 1 million dry metric tons of wood residues each year into products for a wide range of end markets. The plant is expected to be operational mid-2025. 

The pending state and local incentives are estimated to be worth more than $100 million. In addition, a Private Activity Bond volume cap allocation from the State of Louisiana, pending finalization, is expected in the amount of at least $400 million. Private Activity Bonds are tax-exempt bonds authorized by state and local governments for the financing of qualified projects with private capital.