Investor Presentaiton slide image

Investor Presentaiton

Origin 1 and Origin 2 construction budget and timeline on track Maintain previous outlook on expected capital budget and production timelines for Origin 1 and Origin 2 Origin 1 is on track for completion by the end of 2022 • • • Origin 2 is on track to be • operational by mid-2025 Origin maintains that the previously disclosed Origin 1 and Origin 2 capital budgets and construction timelines are on track Capital budgets continue to include contingencies for unforeseen events, as is appropriate for projects of this size and phase, and we continue to monitor the impact of macroeconomic movements such as inflation and supply chain disruptions As previously disclosed, lifting and installation of previously fabricated key production equipment modules was completed in October 2021, six months ahead of the schedule announced in April 2021 During the fourth quarter 2021, the ENCON evaporator module system was placed and bolted, three months ahead of the schedule announced in April 2021 Piping fabrication began earlier this year, nearly six months ahead of the schedule announced in April 2021 Origin maintains that the previously disclosed Origin 1 construction timeline is on track, with the completed milestones further de-risking our schedule Working with Worley Limited, Deloitte Consulting, and Fisher International, Origin has selected Geismar, Louisiana for the site of Origin 2, subject to finalization of economic incentives from the State of Louisiana Hunt, Guillot & Associates selected as owner's engineer for Origin 2 Front end design is underway and detailed engineering is expected to begin in 2023, with the plant to be operational by mid-2025 ORIGIN 7
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