Origin Materials signs MOU for over $100M in PET caps

Origin Materials announced a signed customer memorandum of understanding for over $100 million of PET caps over an initial two-year term, with revenue expected to begin in early 2025. The company reaffirmed that commercial production of PET caps is on track to begin in Q4 2024.

“We anticipate delivering multiple billions of caps to this customer over the next several years, which we expect will generate over $100 million in revenue in the initial two-year term.”businesswire.com

• 1 source
• businesswire.comOrigin Materials, Inc. Reports Operating and Financial Results for Second Quarter 2024Origin MaterialsAug 14, 2024

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