News sponsored by
NEWS
Origin Materials looks to grow sales of PET cap machines
Origin Materials, which develops machinery to make caps and closures from PET, saw a modest rise in full-year sales. Revenue for the full year
was around US$31.3 million compared with around US$29m in the previous year. However, the company saw an adjusted EBITDA loss of more than US$48m, compared to a loss of US$42m in 2023. “The year was transfor-
mational for us, and Q4 was an inflection point for our caps and closures business,” said John Bissell, CEO of
Origin Materials.
He said 2024 had several milestones for the young company, which it says it “introduced the world to the first fully recyclable 100% PET cap”. In Q4, it finished building its first PET cap manufacturing line and has since begun commercial production. “In February 2025, we announced three new CapFormers are nearing completion, and expect them to complete factory acceptance testing during Q2,” he said. “We also expect to have eight
CapFormer lines online by the end of the year.” Forthcoming lines are
expected to incorporate Origin design modifications to increase throughput. Origin expects the first
products with Origin caps to appear on shelves in Q2 or Q3 of this year – and says it will have “meaningful revenue generation” by then end of this year. “We also expect full-year
2026 revenue of US$110m to US$140M, separate from potential licensing revenue,” he added. The company is in the
process of securing debt financing to fund its capital equipment build-out and working capital needs. “We do not anticipate needing to raise equity capital to finance our growth,” said Bissell. He added that the
company has also enhanced its IP portfolio. “Our patent portfolio now comprises over 70 issued patents, and dozens of pending applications,” he said. “Our IP lets us make a lighter, better-performing caps than our competitors.” �
www.originmaterials.com
Global Thermoplastic Masterbatch Dataset
Boost efficiency, conserve valuable time, and elevate your strategic planning effortlessly with our new authoritative analysis of the global masterbatch industry
Production and demand volumes for black, white, colour and additive masterbatch by region
Demand volumes for black, white, colour and additive masterbatch by country Production and demand of masterbatch for each region by product type Demand for black, white, colour and additive masterbatch by polymer Demand for black, white, colour and additive masterbatch by end-use sector
Contact me to discuss your data requirements Astrid Della Porta, Commercial Manager, Market Intelligence M/ +44 (0) 7704 389 944; E /
astrid.dellaporta@
amiplastics.com
2022 - 2029
Page 1 |
Page 2 |
Page 3 |
Page 4 |
Page 5 |
Page 6 |
Page 7 |
Page 8 |
Page 9 |
Page 10 |
Page 11 |
Page 12 |
Page 13 |
Page 14 |
Page 15 |
Page 16 |
Page 17 |
Page 18 |
Page 19 |
Page 20 |
Page 21 |
Page 22 |
Page 23 |
Page 24 |
Page 25 |
Page 26 |
Page 27 |
Page 28 |
Page 29 |
Page 30 |
Page 31 |
Page 32 |
Page 33 |
Page 34 |
Page 35 |
Page 36 |
Page 37 |
Page 38 |
Page 39 |
Page 40 |
Page 41 |
Page 42
