Origin Materials gains on timing update for manufacturing plant

Origin Materials

29/12/2022 16:14

** Shares of chemical company Origin Materials Inc  ORGN.O 
up 7.3% at $4.54, their largest pct gain in over one and half
months
    ** Co expects its first commercial manufacturing plant,
Origin 1, to be mechanically complete in January 2023
 urn:newsml:reuters.com:*:nBw1N2Kl8a
    ** Origin 1 located in Ontario, Canada is expected to
produce materials including chloromethylfurfural (CMF) which is
used in packaging, textiles, apparel and many more
    ** Previously co expected Origin 1 to be completed by end of
2022
    ** So far this year, shares fall 29.7%
 (Reporting by Ankit Kumar in Bengaluru)
 ((Ankit.Kumar2@thomsonreuters.com))