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Origin Materials to shut down, sell PET cap design
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Origin Materials to shut down, sell PET cap design
California-based Origin Materials will sell its PET bottle cap technology and other assets as it winds down operations, and is laying off 59% of its workforce including members of the executive team. John Bissell is stepping down as CEO but will continue to serve on the board of directors. The board appointed CFO and COO Matt Plavan as interim CEO effective May 1. “We previously reported that, absent near-term financing and reductions in operat…
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