The company states: “Origin Materials (ORGN) announced a strategic distributor relationship with HP Embalagens, a leader in high-performance thermoformed packaging, for sustainable PET bottlecaps. HP Embalagens expects to purchase PET caps from Origin Materials for sale and distribution to its customer base, including many of the world’s leading brands. The partnership brings together the Origin PET cap product portfolio, beginning with the 1881 beverage closure, and HP Embalagens’ value-added distribution capabilities and market expertise in thermoformed products. HP Embalagens is a leading packaging provider to South America and plans to distribute Origin PET caps to major customers in the region, with an emphasis on Brazil.”
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