Origin Materials, Inc. (NASDAQ:ORGN) Q2 2023 Earnings Call Transcript

Ashish Gupta: That is very exciting. If we can move to JDAs, can you get into more detail on the JDAs and give us more color on the goals and parameters of these types of arrangements?

Rich Riley: Yeah, so JAD stands for Joint Development Agreement and the way to think about it is that we are an upstream manufacturer of really three principle intermediates; CMF HTC and oils and extractives, and those intermediates go on to make a very wide range of applications, which would put them to be earnings presentation today. And so what would make sense for us to do is partner with companies that have very deep expertise and getting from our intermediate all the way to a final application and so an example is a carbon black, which was talked about earlier. So, we are talking to multiple carbon black companies that have incredible expertise in carbon black R&D and so we do them all as potential partners, not competitors, and it makes a lot of sense for us to leverage their technical expertise with our expertise at the intermediate level and get to higher value applications, get to market faster and prevent us from having to have deep technical expertise that goes all the way to each application when we can find partners that have decades of experience and in many situations.

Another example is the announced partnership with SCGP and that’s a joint development agreement. We’re working with a leading company that wants to explore using a specific feedstock in this case, Eucalyptus, to go through our process to come out with, bio-paraxylene as the primary target on the other side and so that’s a great chance to partner with someone who has a proprietary feedstock access a lot of expertise in the space and so that’s another example of an exciting JDA for us.

Ashish Gupta: Great, thanks so much, Rich and John, of course, as well. That’ll conclude today’s Q&A portion of the call. I’ll now turn it back to Rich for closing remarks.

Rich Riley: Thank Ashish and thank you all for joining us today. This concludes the call.

Operator: This concludes today’s conference call. You may disconnect your lines. Thank you for participating and have a pleasant day.