![]() ![]() Origin Materials’ fourth and final proof-of-concept testing stage would be building a full-scale bio-based PET plant that could produce 500,000 tons a year and make the company profitable. ![]() ![]() The bio-sourced intermediates that make the bio-based PET could also potentially lower the carbon footprint of flame retardants, tire carcass blacks and form fillers. Origin Materials' PET could gradually reduce-and may ultimately replace-the amount of petroleum-based PET used in plastic bottles, reducing the carbon footprint for making plastics, and doing so at a more stable cost not tied to oil price fluctuations. Since then Bissell and Smith had navigated the company from initial conceptualization to its current third proof-of-concept testing stage-building a small commercial plant in Ontario, Canada, that would demonstrate Origin Materials’ ability to produce bio-based PET at scale and provide the company with its first viable revenue stream. Environmental Protection Agency’s People, Prosperity and the Planet competition. The business idea had emerged in spring 2008 out of a UC Davis environmental engineering project that finished as a top-six prize winner in the U.S. With this technology, Origin Materials would be carbon negative in the production of PET and fulfill its mission of “creating an adaptive ecosystem that protects both our environment and the prosperity of future generations.” Origin Materials was founded in September 2008 to recycle the carbon trapped in waste material and use it in place of petroleum-based PET (polyethylene terephthalate), commonly used in plastic bottles. The following Startup Success Profile is excerpted from a case study on Origin Materials that is included in curricula for the institute’s various programs to spare engaged class discussion around innovation and entrepreneurship.Īs 2019 came to a close, UC Davis chemical engineering alumni John Bissell ’08 and Ryan Smith ’08 reflected on how far their chemical company had come. Today, Origin Materials is the world’s leading carbon negative materials maker. In February 2021, UC Davis alumni John Bissell and Ryan Smith announced that their eco-friendly bioplastics firm will go public in a nearly $1 billion deal with SPAC Artius Acquisition Inc. Bissell and Smith began their entrepreneurial journey in the Big Bang! Business Competition and the Green Technology Entrepreneurship Academy. There’s a great future in plastics.”- The Graduate, 1969 “I’m going to only say one word…plastics. Profiles in Success Origin Materials: Disrupting the Plastic Bottle Mold ![]()
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