BIC invests in bio-based feedstock company Origin Materials
June 21, 2017 - Bioindustrial Innovation Canada (BIC) has made a COMM SCI investment in Origin Materials, Sacramento, Calif., through BIC’s Sustainable Chemistry Alliance (SCA) investment fund, as part of an investment round that will see Origin construct its first commercial scale demonstration facility in Sarnia by late 2018.
June 21, 2017 By Bioindustrial Innovation Canada
Origin has developed unique and proprietary technology which allows it to transform multiple bio-based feedstocks into a broad range of chemical intermediates with large existing market demand. The company has successfully demonstrated the technology in its Sacramento pilot plant but chose Sarnia for its first commercial scale demonstration due to the unique nature of the biocluster which has been growing in the Sarnia region in recent years.
This cluster allows Origin to not only locally source feedstocks but have a ready market in the biochemical value chain. Origin is supported by partnerships with several global consumer products companies that will benefit from bio-based packaging created from the Company’s bio-intermediates.
“The decision by U.S.-based Origin to located their first commercial demonstration facility in Sarnia demonstrates the value of the Sarnia biocluster and validates the efforts of BIC and its local partners in creating the vision and executing the development of the cluster” said Sandy Marshall, Executive Director of BIC.
CEO and co-founder, John Bissell states, “The critical mass of infrastructure, expertise, and experience in Sarnia makes it a clear global frontrunner for commercializing industrial biochemical processes. We’ve found BIC to be a knowledgeable and capable partner and we look forward to further collaborations in the region.”
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