Origin Materials (NASDAQ: ORGN), a technology company focused on advancing sustainable materials, has introduced the Origin CapFormer System, the first commercial-scale manufacturing system for PET caps and closures.
Following the successful completion of the Factory Acceptance Test, the system is set to revolutionize packaging by enabling 100% PET container-to-container beverage recycling for the first time. The CapFormer System's innovative design—featuring thermoforming combined with advanced slit-and-fold technology and proprietary elements—delivers high efficiency while unlocking new possibilities for packaging design.
John Bissell, Origin Co-Founder and CEO stated: “Today is a key milestone for sustainable packaging and recycling. The industry has been searching for PET caps for a long time and we are delighted to share that our first-of-its kind system works spectacularly well.”
Origin is a technology company with a mission to enable the world’s transition to sustainable materials that bring recycling circularity and enhanced performance. Origin’s technology, economics, and carbon impact are supported by a growing list of major global customers and investors.
Shares of Origin Materials trade on the NASDAQ under the ticker symbol ORGN.
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