Remarkably skilled veterans deliver comprehensive expertise and expertise in industrial chemical engineering, petrochemicals, solids processing, refining and renewable electrical power
Origin Products, Inc. (“Origin Resources”), the world’s foremost carbon negative components organization, nowadays declared the addition of Mr. Jim Wells, Dr. Ben Freireich, and Dr. Madhu Anand to the company’s technological group.
Origin Materials’ new specialized hires will enjoy a key function in leveraging the company’s patented, breakthrough carbon negative platform technologies to produce and scale new improvements. Origin Products believes its engineering will support revolutionize the creation of a large variety of stop goods, together with clothes, textiles, plastics, packaging, car pieces, tires, carpeting, toys and a lot more with a ~1 trillion addressable current market.
“I am incredibly delighted to welcome these very expert veterans to Origin Supplies to further more bolster our world-wide technological innovation leadership and capabilities in carbon negative elements,” claimed John Bissell, Co-Founder and Co-CEO of Origin Components. “Jim, Ben and Madhu deliver deep chemical, strength and solids processing practical experience to Origin Supplies and their specialized expertise will perform a pivotal part in driving our innovation pipeline to deliver carbon unfavorable solutions to our global shopper base across a broad selection of product conclusion markets.”
Jim Wells joins Origin Materials as a Technological Director with 39 yrs of knowledge in the chemical industry. All through his 39-year career at The Dow Chemical Firm, Mr. Wells was responsible for creating, planning, setting up, and setting up up industrial chemical plants, foremost undertaking groups and establishing distinctive systems. In January 2018, Mr. Wells retired from Dow as Associate Director of Technologies for the Dow AgroScience division. He is a identified subject issue qualified in task management, engineering and production operate procedures, reactive substances and layer of security examination, and solids processing, handling and packaging. Mr. Wells served in the United States Army and graduated from Cornell University with a BS in Chemical Engineering.
Ben Freireich joins Origin Resources as a Specialized Fellow with a lot more than a decade of practical experience in the chemical and process industries. Dr. Freireich comes to Origin Components as a top field specialist in equally product and course of action investigate and advancement for sound resources. Prior to Origin Components, Dr. Freireich served as the Specialized Director of Particulate Strong Study, Inc. (PSRI) the place he led utilized method research attempts for a consortium of over thirty multinational businesses. He was beforehand a Research Scientist in Main R&D at The Dow Chemical Organization, exactly where he served as subject matter subject qualified responsible for item and approach progress over a extensive variety of companies, items, and systems. Dr. Freireich is a professional in particle technological know-how with abilities in particle structure, powder flowability, mixing, fluidization, dimension enlargement, attrition, and other areas of solids engineering, and has authored chapters of Perry’s Chemical Engineering Handbook. He attained his PhD in Mechanical Engineering from Purdue College finding out manufacturing processes involving good materials. Dr. Freireich also holds a Grasp of Science in Engineering from Purdue and graduated from the Milwaukee School of Engineering with a BS in Mechanical Engineering.
Madhu Anand joins Origin Supplies as a Specialized Director with more than 15 a long time of experience in the oil and power market. Prior to Origin Components, Dr. Anand held various roles at Phillips 66, most not long ago serving as Chief Engineer of Hydroprocessing & Naphtha Upgrading, in which she performed a essential part in tactic, technological know-how analysis and growth, products management, joint undertaking management, and professional advancement. Dr. Anand is remarkably experienced at creating systems and solving sophisticated complications for the refining, renewables, and petrochemical sectors and is regarded for directing scale-up initiatives from lab to industrial implementation involving multidisciplinary groups. She completed her PhD in Chemical Engineering from Auburn College, in which she been given the 2007 Remarkable Graduate Award for excellence in analysis, and graduated from Panjab College in India with a BS in Chemical Engineering.
About Origin Supplies
Headquartered in West Sacramento, Origin Components is the world’s primary carbon unfavorable elements enterprise. Origin Materials’ mission is to help the world’s changeover to sustainable products. In excess of the earlier 10 decades, Origin Components has created a platform for turning the carbon observed in non-foods biomass into beneficial products, while capturing carbon in the procedure. Origin Materials’ patented fall-in core engineering, economics and carbon affect have been validated by reliable 3rd parties and are supported by a increasing checklist of major world wide clients and investors. Origin Materials’ initial plant is envisioned to be operational in 2022 with a second, complete-scale business plant anticipated to be operational by 2025 and designs for extra expansion about the next decade.
On February 17, 2021, Origin Materials and Artius Acquisition Inc. (“Artius”) (Nasdaq: AACQU, AACQ), a publicly-traded exclusive intent acquisition corporation, announced a definitive arrangement for a company blend that will final result in Origin Products turning into a general public business. On closing of the transaction, expected in the second quarter of 2021, the put together firm will be named Origin Supplies and stay detailed on the Nasdaq beneath the new ticker symbol “ORGN.” The transaction is predicted to totally fund Origin Elements until eventually EBITDA favourable, and will allow Origin Supplies to scale and begin industrial creation to meet up with signed buyer offtake and ability reservations of ~$1 billion across a diverse array of industries.
For extra details, visit www.originmaterials.com.
Critical Information and facts for Buyers and Stockholders
In relationship with the proposed business mixture transaction, Artius submitted a registration assertion on Form S-4 (the “Registration Assertion”) with the SEC on March 9, 2021, which includes a preliminary proxy statement to be dispersed to holders of Artius’s regular shares in relationship with Artius’s solicitation of proxies for the vote by Artius’s stockholders with respect to the proposed transaction and other matters as explained in the Registration Statement, as nicely as the prospectus relating to the give of securities to be issued to Artius’s and Origin Materials’ stockholders in relationship with the proposed transaction. Immediately after the Registration Assertion has been declared productive, Artius will mail a definitive proxy statement, when accessible, to its stockholders. Traders and protection holders and other interested functions are urged to read through the proxy statement/prospectus, any amendments thereto and any other files filed with the SEC very carefully and in their entirety when they turn into offered since they will include important facts about Artius, Origin Resources and the proposed transaction. The files relating to the proposed transaction (when they are readily available) can be acquired cost-free of charge from the SEC’s web-site at www.sec.gov. Cost-free copies of these files, the moment offered, could also be attained from Artius by directing a request to: Artius Management LLC, 3 Columbus Circle, Suite 2215 New York, New York 10019.
Cautionary Notice on Ahead-Wanting Statements
This push launch is made up of particular forward-wanting statements in the indicating of the federal securities rules, which include with respect to the proposed transaction in between Origin Materials and Artius. Forward-looking statements usually are accompanied by words and phrases these kinds of as “consider,” “may well,” “will,” “estimate,” “go on,” “foresee,” “intend,” “be expecting,” “really should,” “would,” “strategy,” “forecast,” “probable,” “appear to be,” “seek,” “long run,” “outlook,” and similar expressions that forecast or suggest upcoming events or traits or that are not statements of historical matters. These forward-seeking statements contain, but are not restricted to, statements about Origin Materials’ company strategy, estimated complete addressable market place, professional and operating strategies, merchandise improvement programs and projected monetary information and facts. These statements are dependent on many assumptions, irrespective of whether or not discovered in this push release, and on the latest expectations of the management of Origin Elements and are not predictions of real efficiency. These forward-hunting statements are provided for illustrative needs only and are not supposed to serve as, and have to not be relied on as, a assure, an assurance, a prediction, or a definitive statement of truth or probability. Real occasions and situations are challenging or difficult to predict and will vary from assumptions. Many genuine situations and situations are past the regulate of Origin Supplies and Artius. These forward-searching statements are topic to a range of hazards and uncertainties, such as that Origin Products may perhaps be not able to effectively commercialize its goods the outcomes of competition on Origin Materials’ small business the uncertainty of the projected financial info with regard to Origin Products disruptions and other impacts to Origin Materials’ enterprise as a end result of the COVID-19 pandemic and other global health and fitness or economic crises adjustments in consumer demand from customers Origin Supplies and Artius may perhaps be unable to effectively or well timed consummate the proposed enterprise mixture, such as the chance that any regulatory approvals could not acquired, may perhaps be delayed or may perhaps be subject matter to unanticipated conditions that could adversely influence the combined firm or the predicted advantages of the organization mix, or that the acceptance of the stockholders of Artius or Origin Materials may not be acquired failure to notice the anticipated gains of the small business combination the amount of redemption requests manufactured by Artius’ stockholders, and individuals things mentioned in the Registration Statement beneath the heading “Hazard Factors,” and other documents Artius has filed, or will file, with the SEC. If any of these pitfalls materialize or our assumptions establish incorrect, true benefits could vary materially from the outcomes implied by these ahead-looking statements. There might be more risks that Origin Supplies presently does not know, or that Origin Supplies at present thinks are immaterial, that could also cause precise effects to differ from people contained in the ahead-searching statements. In addition, forward-seeking statements mirror Origin Materials’ anticipations, options, or forecasts of long run situations and sights as of the day of this press release. Origin Components anticipates that subsequent functions and developments will lead to its assessments to modify. However, although Origin Elements may elect to update these forward-on the lookout statements at some point in the long term, Origin Materials specifically disclaim any obligation to do so. These ahead-looking statements should really not be relied on as symbolizing Origin Materials’ assessments of any day subsequent to the day of this push release. Appropriately, undue reliance ought to not be placed upon the ahead-wanting statements.
Contributors in the Solicitation
Artius, Origin Components and their respective administrators, govt officers and personnel and other people may be considered to be participants in the solicitation of proxies from Artius’s shareholders in relationship with the proposed enterprise mix. Data about Artius’s administrators and government officers and their possession of Artius’s securities is set forth in the Registration Statement explained above. Supplemental info concerning the passions of individuals persons and other people who could be deemed members in the proposed transaction may perhaps be acquired by looking at other paperwork Artius has submitted, or will file, with the SEC about the proposed small business mix, like the definitive proxy statement when it gets to be available.
This communication is not a proxy assertion or solicitation of a proxy, consent or authorization with regard to any securities or in respect of the likely transaction and shall not represent an offer you to offer or a solicitation of an provide to get the securities of Artius, the put together corporation or Origin Resources, nor shall there be any sale of any these types of securities in any state or jurisdiction in which these kinds of supply, solicitation or sale would be illegal prior to registration or qualification beneath the securities laws of this sort of point out or jurisdiction. No offer of securities shall be manufactured other than by indicates of a prospectus meeting the needs of the Securities Act of 1933, as amended.
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