Origin materials announces louisiana state bond commission approval of financing for origin 2

West sacramento, calif. & baton rouge, la.--( business wire )--origin materials, inc. (“origin,” “origin materials,” or the “company) (nasdaq: orgn, orgnw), the world's leading carbon negative materials company with a mission to enable the world's transition to sustainable materials, today announced that the louisiana state bond commission (the “bond commission”) has unanimously passed a resolution granting its final approval of the issuance of up to $1.5 billion of tax-exempt bonds for the financing for the construction of origin 2, the company's first world-scale manufacturing facility, to be located in geismar, louisiana. origin's use of solid waste feedstock to produce carbon negative materials enables the company to use these tax-exempt bonds towards financing the origin 2 project. bank of america, a global investment bank and financial services company, has been engaged by origin to underwrite the bonds and market them to investors.
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