WEST SACRAMENTO, Calif. & SEOUL, South Korea, March 22, 2023 Origin Materials (“Origin”) (NASDAQ: ORGN ORGNW), the world’s leading carbon negative materials company with a mission to enable the world’s transition to sustainable materials, and Hyosung Advanced Materials Corp. (“Hyosung Advanced Materials”) (KRX: 298050), a Korea-based industrial materials company, today announced a partnership to industrialize sustainable high-value specialty materials.
As part of the partnership, Hyosung Advanced Materials signed a multi-year capacity reservation agreement to purchase sustainable carbon-negative materials from Origin Materials, including PET and a hybrid polymer PET/F (a blend of PET and FDCA) for use in tire cord applications, HTC for use in battery materials, as well as furanic derivatives for use in spandex applications in the apparel industry.
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