Origin Materials and Minafin form strategic partnership for biobased chemicals
Chemical

Origin Materials and Minafin form strategic partnership for biobased chemicals

The partnership includes multiple collaboration areas and is an important milestone for bringing cost-competitive biobased products to the market, with applications in the pharmaceutical, agricultural, cosmetics and personal care, and automotive industries

  • By ICN Bureau | February 08, 2022
Origin Materials, Inc., the world’s leading carbon negative materials company with a mission to enable the world’s transition to sustainable materials, and the Green Chemistry Division of the Minafin Group (Minafin), a global specialty chemical company, are entering into a strategic partnership to industrialize high-value specialty materials based on Origin’s carbon-negative materials.
 
The partnership includes multiple collaboration areas and is an important milestone for bringing cost-competitive biobased products to the market, with applications in the pharmaceutical, agricultural, cosmetics and personal care, and automotive industries. As part of the partnership, Minafin affiliate Pennakem aims to develop new technologies with Origin to further expand the market for Pennakem’s biobased products. Through this partnership, Origin aims to develop and industrialize additional high-value products based on its core technology platform, leveraging the proprietary technologies, manufacturing know-how and customer relationships of Minafin.
 
In addition, Minafin business unit EcoXtract is in discussions with Origin to commercialize its revolutionary biobased extraction process using sustainable carbon-negative materials produced by Origin. The EcoXtract process efficiently extracts useful plant oils for food, cosmetics, and other applications.
 
“Partnering with the Green Chemistry Division of Minafin is a significant milestone in our mission to transition the world to sustainable materials,” said Origin Materials Co-CEO Rich Riley. “The opportunity for working together is remarkably broad, and we are excited to collaboratively develop high-value products. Minafin brings technologies and know-how to the table that will further enable us to deliver value across a broad spectrum of specialty chemicals end markets.”
 
“This partnership with Origin Materials will play a significant role in realizing further potential for our products and technologies across the globe and attests to the new structure within Minafin Group,” added Gust Desmedt, CEO of the Green Chemistry Division of Minafin. “This partnership will enable our customers to accelerate their switch to our innovative biobased alternatives through improved competitiveness and supply reliability.”

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