Origin Materials and ATC Plastics Announce Partnership to Bring 100% Bio-Content Carbon Black to the Plastics Industry
ATC Plastics has agreed to purchase sustainable carbon-negative carbon black from Origin Materials for use in various plastic manufacturing processes
Origin Materials, Inc. ("Origin" or "Origin Materials") the world’s leading carbon negative materials company, and ATC Plastics LLC ("ATC Plastics"), a leading global manufacturer of black color concentrates, today announced a strategic partnership to bring sustainable carbon-negative carbon black made using Origin Materials’ patented technology platform to the plastics Industry.
As part of the partnership, ATC Plastics has agreed to purchase Origin’s sustainable carbon black. Origin’s carbon black, made from Origin’s HTC, is a versatile, 100% bio-content filler and pigment. Like traditional petroleum-based carbon black, it can be used in a wide range of applications including belts and hoses, mechanical rubber goods, tires, plastic masterbatch, and toners.
The partnership will target applications like plastic masterbatch, an additive used to color plastic, for corrugated pipe and plastic manufacturing processes such as blow molding, injection molding, pipe extrusion, compounding, plastic film and sheet, and rotational molding. The agreement between Origin and ATC Plastics includes co-development of carbon black for plastic corrugated pipe, plastic extrusion, and molding applications.
Origin’s carbon black is produced from sustainable wood residues rather than petroleum, reducing carbon emissions and fossil resource consumption and enabling the production of carbon-negative products.
The global market for carbon black is projected to reach $26 billion by 2025, expanding at 6% CAGR, according to Grand View Research, Inc. Plastics is anticipated to be the fastest-growing application for carbon black from 2019 to 2025 resulting from its use in the production of high-performance products.
"We are thrilled to partner with ATC Plastics, a trusted partner and distributor to global brands with a strong track record of manufacturing excellence," said Rich Riley, Co-CEO of Origin Materials. "ATC Plastics’ manufacturing capabilities and expansive customer network can enable broad adoption of Origin’s patented technology platform and help drive the ‘once in a planet’ shift to sustainable materials, including renewable carbon black across the plastic compounding industry."
"ATC Plastics is excited to work closely with Origin Materials in the development of a sustainable and renewable carbon black option," said Tom Stevning, Managing Partner at ATC Plastics LLC. "The industry is ready for something like this and it comes at an opportune time when carbon black is in very tight supply."
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