According to documents posted to Emerson's website, it appears that Origin Materials has struck a partnership with megacap Emerson Electric. This is yet another on the list of blue chip companies they have been working with. From Worley to Koch Modular, they have been working with tier one companies on all fronts for the engineering and construction of the first plants.
Specifically, according to a presentation, Origin Materials will use Emerson's DeltaV Technology to digitize, automate and streamline operations. It appears the system will definitely be used for the upcoming Origin 2 facility in Geismar LA; it is unclear whether it will be used at the Origin 1 facility in Sarnia, Ontario. According to Emerson, the system "is an easy-to-use automation system that simplifies operational complexity and lowers project risk. The state-of-the-art suite of products and services increases plant performance with intelligent control that is easy to operate and maintain."
Other companies the utilize Emerson's DeltaV system include:
- Bristol Myers Squibb
The DeltaV system offers the management of I/O (input/output) on demand, scalability, and embedded intelligent control using AI.
The key here is to minimize risk, increase efficiency, and assure quality. Vice President of Engineering Roman Wolff had this to say: “We are on a journey to operational excellence via automation. We want our plants to run safer, greener, longer and faster." He wants digitization to happen for Origin Materials now and said that the partnership with Emerson will bring the capex of its plant projects down as well as to fast track their schedules. “We believe that digital automation is a strategic lever for growth, and we want to establish a solid digital foundation."
Photo by Keith Larsen, quotes and photo source - Digitalization keeps carbon in check
What's also interesting is that the presentation, which was posted to Emerson's website under the page for "Sustainability Media Briefing October 25, 2022," is that it still lists "end of 2022" as the target timeline for startup of the O1 facility. It's unclear whether that's a carryover from an old presentation that hasn't been corrected or if that's still the actual timeframe.
We will know more on November 3, when the company is slated to report Q3 earnings and provide a construction update on the Sarnia facility.
Shares of Origin Materials (NASDAQ: ORGN) rallied yesterday with the broader market, closing with a daily gain 6.53% at $5.55