Origin Materials went public via a SPAC merger with Artius Acquisition in a $1.8bn deal.

Origin Materials, a carbon negative materials company, went public via a SPAC merger with Artius Acquisition in a $1.8bn deal. The transaction includes a PIPE of $200m from Danone, Nestlé, PepsiCo, Mitsubishi Gas, AECI, Sylebra Capital, Senator Investment Group, Electron Capital Partners, BNP Paribas AM Energy Transition Fund and affiliates of Apollo. “We are excited to complete this transaction, which will further accelerate our growth and mission of enabling the world’s transition to sustainable, carbon negative materials. The materials supply chain accounts for nearly half of all global carbon emissions, creating a significant opportunity to decarbonize materials that are used in products across a wide range of end markets. We believe our breakthrough technology provides countless companies that make physical products with the ability to drastically reduce their emissions in a cost-effective manner," John Bissell, Origin Materials Co-Founder and Co-CEO.