A deep dive into the problem Origin Materials is solving
If they produce an oil similar to tall oil, that will be good news for the pine chemicals industry and for renewable diesel producers (depends on the volume). How much oil can they produce?
Would seem the pivot to biofuel on O2 phase1 is an economics one (larger upfront margin). This would make sense given that HTC and biofuel sit on the higher volume side of their output.
They recently talked of a surge of new demand for their HTC also.
I don't mind if CMF is pushed back, despite it being their bespoke selling card, as 1) it's inevitable as the pilot plant shows the stuff works, 2) bringing wider margins forward appears to be a wise choice amid a 5.5% fed funds rate and recent high TYield volatility / MOVEindex