# Origin Materials to invest at least $750M in biomass facility in Louisiana

Origin Materials Inc. announced plans to invest at least $750 million to develop a biomass manufacturing facility in Ascension Parish, Louisiana, using sustainable wood residue.

- Type: Investment
- Announced: 2022-03-31
- Where: Ascension Parish, Louisiana, United States
- Value: $750.0M
- Status: announced
- Products: biomass-based materials
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md), [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [Origin Materials](https://endata.com/companies/1058.md)

## Sources

- [textileworld.com](https://www.textileworld.com/textile-world/features/2022/03/u-s-textile-investment-roundup-2/), 2022-03-31: "Origin Materials Inc. announced plans to invest at least $750 million to develop a biomass manufacturing facility in Ascension Parish, La."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.