Origin Materials, Indorama Ventures partner to accelerate mass production of biobased materials
In California, Origin Materials announced a strategic partnership with Indorama Ventures Public Company Limited, a producer of virgin and recycled PET resins, to accelerate the mass production of biobased materials.
Under the agreement, both companies committed to explore initiatives related to the rapid commercialization of low-carbon, biobased materials. Initiatives include evaluating the use of existing Indorama Ventures’ units in the United States with some modification to commercially produce biobased materials. Under this arrangement, Indorama Ventures would convert derivatives of Origin Materials’ platform chemical CMF (chloromethylfurfural) into various sustainable chemicals and biobased plastics.
Under the agreement, the companies will also study the potential to use production samples of biobased materials in limited-volume product launches in partnership with high-profile brands. The materials could potentially be used in packaging, textiles, films, and automotive applications. These could include bio-PET, bio-PTA and co-polyesters that have an advantage over traditional PET plastic.
Category: Fuels
