Origin Materials and Palantir Technologies Inc. announced the formation of a strategic alliance to accelerate the world's transition to net zero carbon. The strategic alliance will focus on decarbonizing the global materials supply chain. Palantir is a software company whose platforms enable organizations to optimize complex and sensitive data environments.

Origin Materials plans to deploy Palantir's Foundry technology to support the acceleration of its internal operations and to help companies decarbonize their supply chains on their journey to net zero. Origin Materials and Palantir are also exploring commercial opportunities that would bring value to their customers across a variety of industries by implementing data-driven strategies to understand, quantify, and reduce environmental impact while building a resilient and profitable business. This supply chain visibility is expected to enable carbon plans that can be applied to financial and regulatory reporting, daily operations, and multi-year business planning.

As part of this new strategic alliance to decarbonize the world's global supply chain, Origin Materials will also become a new Palantir customer. Origin Materials' patented technology platform, which turns inexpensive, plentiful and sustainable wood residues into carbon-negative materials, can help revolutionize the production of a wide range of end products, including clothing, textiles, plastics, packaging, car parts, tires, carpeting, toys, and more with a $1 trillion addressable market. In addition, Origin Materials' technology platform is expected to provide stable pricing largely decoupled from the petroleum supply chain, which is exposed to more volatility than supply chains based on sustainable wood residues.