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Origin Materials

Geismar/Capital Region

 

The Mission 

Origin Materials is a carbon-negative materials company committed to leading the global transition to sustainable materials.

The Challenge

The company needed access to an extensive supply of locally sourced timber to support its vision for a renewable manufacturing plant that would utilize sustainable wood residue to produce precursors used to make packaging, textiles, apparel, tires, and other applications, including fuels.

The Opportunity

Louisiana offered Origin Materials a competitive incentives package:

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LED Certified Site – the 150-acre Parks Geismar site in Ascension Parish – signifying that it has been deemed development-ready after an extensive review.

Recruitment and training support from Louisiana’s nationally recognized workforce development program, LED FastStart.

Performance-based award of $6 million to be paid out over six years to reimburse site infrastructure costs.

Qualified 80-percent property tax abatement for up to 10 years through the state’s Industrial Tax Exemption Program, contingent on meeting job creation and payroll commitments.

Up to a 6 percent rebate on annual payroll expenses for up to 10 years, and a 1.5 percent project facility expense rebate for qualifying expenses, through the state’s Quality Jobs program.

LED Certified Site – the 150-acre Parks Geismar site in Ascension Parish – signifying that it has been deemed development-ready after an extensive review.

Recruitment and training support from Louisiana’s nationally recognized workforce development program, LED FastStart.

Performance-based award of $6 million to be paid out over six years to reimburse site infrastructure costs.

Qualified 80-percent property tax abatement for up to 10 years through the state’s Industrial Tax Exemption Program, contingent on meeting job creation and payroll commitments.

Up to a 6 percent rebate on annual payroll expenses for up to 10 years, and a 1.5 percent project facility expense rebate for qualifying expenses, through the state’s Quality Jobs program.

The Outcome

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2022

Origin Materials announced plans to develop a biomass manufacturing facility in Ascension Parish

$250 Million

capital investment

200

direct new jobs

857

indirect new jobs

2022

Origin Materials announced plans to develop a biomass manufacturing facility in Ascension Parish

$250 Million

capital investment

200

direct new jobs

857

indirect new jobs

“The local talent is world-class across refining, forestry and agronomy, feedstock logistics and chemicals. The site sits along the Mississippi River with easy access to barge and rail and plentiful local wood residue feedstock. The proposed incentive package for building in the area is compelling and the local industrial cluster can provide access to hydrogen, ethylene, water treatment and more.”

– Origin Materials Co-Founder and Co-CEO John Bissell

Noteworthy

  • Origin Materials began production at its first plant in Sarnia, Ontario, on June 28, 2023. Read about the company’s plan to “turn wood residue into sustainable gold” on ChemicalProcessing.com.

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