What is Origin Materials doing with its PET bottle cap technology amid its shutdown?

Origin Materials is selling its PET bottle cap technology and other assets as part of winding down operations, following unsuccessful attempts to secure additional financing.

What leadership change is occurring at Origin Materials during its wind-down?

John Bissell is stepping down as CEO, and Matt Plavan has been appointed interim CEO.

Origin Materials to Shut Down, Sell PET Cap Design

May 6, 2026

Origin Materials is winding down operations and selling its PET cap technology due to financing issues, resulting in 59% layoffs and an interim CEO appointment.

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