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WEST SACRAMENTO - Carbon negative materials innovator Origin Materials has announced a key finance deal for what it describes as the company's first 'world-scale' manufacturing facility.

Origin, which produces carbon negative raw materials from waste feedstocks such as such as sustainable wood residues and cardboard, is planning to build its Origin 2 plant on a 150-acre site at Geismar, Louisiana.

The company is already building Origin 1 - its first commercial scale facility - at Sarnia, Ontario, Canada, but says Origin 2 would be much bigger, processing an estimated million tons of wood residues each year.

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