# 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.

- Type: Contract
- Announced: 2024-08-14
- Where: United States
- Value: $100.0M
- Status: announced
- Products: PET caps and closures
- Sectors: [Packaging](https://endata.com/sectors/packaging.md)

## Companies

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

## Sources

- [businesswire.com](https://www.businesswire.com/news/home/20240814057378/en/Origin-Materials-Inc.-Reports-Operating-and-Financial-Results-for-Second-Quarter-2024), 2024-08-14: "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."

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