It's not unusual for most companies to be relatively silent on the PR front in the final month of the year. In what comes to be a light news December for Origin Materials, one has to dig pretty deep to find any new developments and speculation.
It appears that co-CEO Rich Riley was in attendance at a conference with the Alliance to End Plastic Waste in New York, where investors discussed:
Recall that in September, the company joined the Alliance. Link here.
"The Alliance to End Plastic Waste (AEPW) is an industry-founded and funded non-governmental and non-profit organization based in Singapore. Founding members include BASF, Chevron Phillips Chemical, ExxonMobil, Dow Chemical, Mitsubishi Chemical Holdings, Proctor & Gamble and Shell."
https://en.m.wikipedia.org/wiki/Alliance_to_End_Plastic_Waste
While Origin Materials has yet to be added to any ESG-related funds, it certainly has potential to be. As a self-proclaimed "carbon-negative materials company," it has all the makings to be a favorite green tech stock.
As 2021 comes to a close, I look to what 2022 may have in store for Origin Materials:
- Completion of construction on O1 plant in Sarnia, Ontario
- Startup and commissioning of O1
- Additional partnership announcements
- Announcement of successful development of new materials
- Site selections of O2 and O3
- New customer commitments
- Licensing agreements to accelerate revenue generation
Hurdles that may derail progress:
- Existing customers withdrawing from offtake agreements/capacity reservations
- O1 construction delays
- Unforseen isues in scaling up OM tech platform
Officially, here's what the company has told us to expect:
Unofficially, Landon - a Twitter source on the scene, resident of Sarnia, on O1 construction progress:
As I previously wrote about, Jim Cramer of Mad Money gave Origin Materials a fairly ringing endorsement (especially for a pre-revenue de-SPAC). Worth it for "half the price of a deli sandwich" he said. Wall Street analysts seem to agree:
This blog post represents my opinion and is not financial advice. I am not a financial advisor, just a rocket enthusiast. Always perform your own due diligence and any trades/investments you do is at your own risk. I hold shares of ORGN.
