Origin Materials celebrates opening of Sarnia bio-chemical plant
Origin Materials has marked the opening of its first commercial site in Sarnia.
Source: thechronicle-online.com
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UPDATE 1-Origin Materials to go public via $1.8 bln SPAC merger
By Reuters Staff (Adds transaction details, background on Origin) Feb 17 (Reuters) - Carbon-negative products maker Origin Materials said on Wednesday it has agreed to go public through a merger with blank-check firm Artius Acquisition Inc, in a deal that values the equity of the combined entity at $1.8 billion. The deal will provide Origin with gross proceeds of $925 million, including a private investment of $200 million from Danone SA, Nestlé SA, PepsiCo Inc and affiliates of Apollo Global Management among others. Sacramento, California-based Origin helps turn carbon found in biomass into...
Source: reuters.com