WEST SACRAMENTO, Calif. and TOKYO – April 28, 2022 – Origin Materials Inc., a carbon negative materials company whose mission is to enable the global transition to sustainable materials, and Mitsubishi Chemical Holdings Group (MCHG), the company Japanese diversified advanced chemicals and materials producer, today announced a partnership to develop advanced chemicals and materials based on Origin Materials’ patented technology platform.
Under this strategic partnership, MCHG will convert hydrothermal carbon (HTC) produced by Origin into high-performance analogues of specialty carbon black materials. These materials will be tested and developed with one of the largest tire manufacturers in the world. The partnership will leverage MCHG’s global supply chain strength, access to Japanese and international markets, and technical innovation capabilities.
The global carbon black market is expected to reach $26 billion by 2025, growing at a CAGR of 6%, according to Grand View Research Inc. About 70% of the world’s carbon black is used as a reinforcing filler in tires.
Origin’s patented technology platform, which transforms the carbon in sustainable wood waste into useful materials, can help revolutionize tire manufacturing by dramatically reducing the carbon footprint of products compared to tires made with black. carbon from fossils.
The partnership includes a Joint Development Agreement (JDA) between Origin and MCHG’s Carbon Materials business unit. The partnership reflects MCHG’s efforts to achieve carbon neutrality by using biomass in materials development while achieving sustainable growth.
Comment on source materials:
“We look forward to partnering with Mitsubishi Chemical Holdings Group to develop new, higher quality materials for tire manufacturing while significantly reducing carbon emissions,” said Rich Riley, co-CEO of Origin Materials. “Mitsubishi Chemical Holdings Group’s deep manufacturing capabilities, technical expertise and global customer network can enable wide adoption of Origin’s technology and help drive the ‘once on a planet’ shift to sustainable materials. that happens in the automotive industry.”
Comment from Mitsubishi Chemical Holdings Group:
Mitsubishi Chemical Holdings Group’s carbon black is an industry-leading technological and innovative product used for premium tires, paints and LCD screens. MCHG has a policy of carbon neutrality by 2050. MCHG already brought carbon black from vegetable oil to market in 2012. Joint development with Origin Materials will further accelerate MCHG’s efforts towards carbon neutrality and growth sustainable.
Posted: April 28, 2022
Source: Source Materials / Mitsubishi Chemical Holdings Group