2022 Sustainability & Circular Materials Day Presentation

On September 1, co-CEO John Bissell spoke with Bank of America equity analyst Steve Byrne, in the second time is as many months. Last month, Bissell joined Byrne for the BofA Securities 2022 SMID Cap Ideas Conference. The conversation started with a general overview of Origin's tech platform and led to a further discussion of PET and scratching the surface of HTC/carbon black applications. A revelation on feedstock arose: bark is essentially the least useful residual: "it doesn't hurt us, but it doesn't help us," Bissell said. "That's where we draw the line."

Bissell states that the current market for fossil-based carbon black is $25 billion but hinted that the value of carbon-negative carbon black may be even higher, due to it being cleaner than the currently used legacy product. When asked about any risks to margins, Bissell replied that "cost of feedstock and labor" are the two main variables. 

On Agenda for Next Week's LPFA Meeting

On September 6, the Louisiana Public Facilities Authority will hold their monthly board meeting at 11:00am. On the agenda is the authorization of the issuance of revenue bonds for financing of the Origin 2 mega site in Geismar, Ascension Parish, Louisiana:

Heidenmark Cook Joins Teneo as Senior Advisor

Pia Heidenmark Cook, Origin board member and former Chief Sustainability Officer at Ikea (among many other titles), has joined global CEO consulting and advisory firm Teneo in a senior advisor role. She will work with Huw Maggs at Teneo, who specializes in the following areas: tracking and reporting sustainability performance; sustainable business consulting market; environmental policy and regulation, sustainable value mapping. 

This further expands the network of possible partners for Origin Materials, perhaps to an even further international level. 

Origin Materials at Louisiana Forestry Association 75th Annual Convention

VP of Engineering Roman Wolff and Executive Assistant Meghann Morin were in attendance at the 75th annual convention of the Louisiana Forestry Association. The event was held from August 30 to September 1 & hosted at the Golden Nugget Hotel & Casino Resort in Lake Charles, LA. Origin Materials was a sponsor of the event. Here's what the attendees themselves had to say:

Institutional Position Changes

There weren't nearly as many as updates this week. There are now a total of 207 institutions/funds holdings shares.

SEC Filings

The company did not file any documents with the U.S. Securities and Exchange Commission this week.

Headcount & Job Update

The unofficial headcount for the company is now 149 employees. Recent hires include a Pilot Operator, Associate Research Chemist, and an Analytical Intern.

A search for a Director of Sustainability has begun, as of August 29th:

About the Position

You will be responsible for:

• Developing and managing the Sustainability Program for the leading carbon negative materials company.
• Managing day-to-day maintenance of the Sustainability Program.
• Ensuring continued compliance with both internal and publicly-announced goals and commitments.
• Leading Origin’s ESG materiality assessments, selection of reporting frameworks, and sustainability report design and publication.
• Leading LCA (Life Cycle Assessment) at Origin.
• Engaging with customers, investors, and team on issues relating to sustainable industry practices.
• Directing third party LCA firms.
• Leading Origin’s sustainable certifications strategy.
• Evaluating carbon footprint impact across different processes and operations
• Overseeing and facilitating the publication of marketing material related to the Sustainability Program, including presentations and annual sustainability reports.
• Serving as Origin’s global subject matter expert in LCA and ESG best practices.
• Developing goals & objectives and implementing initiatives, projects and action plans to execute the Sustainability Program strategy in line with business objectives, operating plans, capital planning, and budget.
• Monitoring, assessing business impacts, determining necessary actions, and communicating to stakeholders changing or emerging global LCA and ESG trends.

To view the entire job posting, click here.

FlexPO+ 2022 Video Clips Arise

Weekly Chart

The stock fell -2.97% for the week, closing on Friday at $5.97, falling with the broader market. The 50 day moving average essentially acted as resistance, with the price failing to make a definitive break above that level. The markets are closed on Monday, September 5 for Labor Day.