Origin Materials has formed a strategic partnership with French luxury goods firm LVMH Moet Hennessy Louis Vuitton, said the company.
As part of the partnership, LVMH signed a multiyear capacity reservation agreement with Origin to purchase “sustainable, carbon-negative PET (polyethylene terephthalate)” for use in packaging for LVMH's perfumes and cosmetics.
Furthermore, Origin aims to work with LVMH on sustainable packaging solutions across LVMH's brands, it added. Origin uses woody biomass as a chemical feedstock.
PET produced using Origin technology is functionally identical to petroleum-based PET, but with "a dramatically lower carbon footprint" since it is made from sustainable wood residues which capture carbon, the company said.
Additionally, Origin's PET is recyclable to fossil-based PET within existing infrastructure, "which is critical to creating a circular economy with a significantly reduced carbon footprint", it said. Financial or other details about the partnership with LVMH were not disclosed.
As per MRC, Origin Materials, Inc., the world’s leading carbon negative materials company, 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 (“PET”) 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.
Headquartered in West Sacramento, Origin Materials is the world's leading carbon negative materials company. Origin’s mission is to enable the world’s transition to sustainable materials. For over a decade, Origin has developed a platform for turning the carbon found in inexpensive, plentiful, non-food biomass such as sustainable wood residues into useful materials while capturing carbon in the process. Origin’s patented technology platform can help revolutionize the production of a wide range of end products, including clothing, textiles, plastics, packaging, car parts, tires, carpeting, toys.
mrchub.com