Origin Materials, an innovative carbon negative materials company, and Palantir Technologies have formed a strategic alliance to accelerate the world’s transition to net zero carbon.
The strategic alliance will focus on decarbonizing the global materials supply chain. Palantir is a software company with platforms that enable organizations to optimize complex and sensitive data environments. Origin Materials plans to deploy Palantir’s Foundry technology to support the acceleration of its internal operations and to help companies decarbonize their supply chains on their journey to net zero.
“Existing supply chains for physical goods are complicated, opaque and carbon-intensive,” John Bissell, co-founder and co-CEO of Origin Materials, said. “The carbon intensity of those supply chains is dominated by the raw materials, which comprise physical, end market products. The combination of Palantir’s data integration and modeling capability and Origin’s expertise and technology for the decarbonization of physical raw materials is expected to help enable those complicated, opaque, and carbon-intensive supply chains to become well-managed, transparent, and decarbonized.”
Origin Materials said its patented technology platform, which turns inexpensive, plentiful and sustainable wood residues into carbon-negative materials, can help advance production of a wide range of end products, including clothing, textiles, plastics, packaging, car parts, tires, carpeting and toys, with a $1 trillion addressable market. In addition, Origin Materials’ platform is expected to provide stable pricing largely decoupled from the petroleum supply chain, which is exposed to more volatility than supply chains based on sustainable wood residues.
“We are deeply energized by Origin’s meaningful progress against the world’s net zero ambition,” said Shyam Sankar, chief operating officer of Palantir Technologies. “Our platform is uniquely suited to support the decarbonization of complex global supply chains. Customers across dozens of industries are using Foundry to build a carbon-focused common operating picture that allows them to track live emissions, simulate scenarios based on emerging technologies and regulations, and make real-time changes to their business.”
Origin Materials and Palantir are also exploring commercial opportunities that would bring value to their customers across a variety of industries by implementing data-driven strategies to understand, quantify and reduce environmental impact while building a resilient and profitable business. As part of this new strategic alliance to decarbonize the world’s global supply chain, Origin Materials will also become a new Palantir customer.
Headquartered in West Sacramento, Calif., Origin Materials mission is to enable the world’s transition to sustainable materials. Over the past 10 years, the company has developed a platform for turning the carbon found in non-food biomass into useful materials, while capturing carbon in the process. Origin Materials’ first commercial plant is expected to be operational in 2022 with a second commercial plant expected to be operational by 2025 and plans for additional expansion over the next decade.