Author: scottc

HOUSTON – Orion S.A. (NYSE: OEC), a global specialty chemicals company, is honored to be ranked No. 1 in the carbon black category in the 27th Paint & Pintura Awards – widely regarded as the “Oscars” of the coatings industry in Brazil, the company said today.

The award winners are determined by a survey of industry leaders, including producers, distributors, customers and other key players in the coatings world. They fill out a questionnaire that requires them to write in the names of the best companies – not select them from a ballot of candidates.

Orion received 39% percent of the votes in the carbon black category.

“This award is the result of years of work improving our products and service,” said Simone Fontana Pereira, an Orion sales manager in Sao Paulo. “We have restructured and invested a lot in being close to our customers in this important market.”

João Vilas Boas, an Orion sales manager in Sao Paulo, added, “This award primarily represents our strong presence with customers, not only selling carbon black but being a reliable supplier they can count on.”

Paint & Pintura is the leading trade publication covering the paint and coatings industry in Brazil. To participate in the competition, companies are not required to buy advertising or provide any other type of monetary support. The awards are purely based on merit.

About Orion S.A.

Orion S.A. (NYSE: OEC) is a leading global supplier of carbon black, a solid form of carbon produced as powder or pellets. The material is made to customers’ exacting specifications for tires, coatings, ink, batteries, plastics and numerous other specialty, high-performance applications. Carbon black is used to tint, colorize, provide reinforcement, conduct electricity, increase durability, and add UV protection. Orion has innovation centers on three continents and 15 plants worldwide, offering the most diverse variety of production processes in the industry. The company’s corporate lineage goes back more than 160 years to Germany, where it operates the world’s longest-running carbon black plant. Orion is a leading innovator, applying a deep understanding of customers’ needs to deliver sustainable solutions. For more information, please visit orioncarbons.com.

Forward-Looking Statements

This document contains certain forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements are statements of future expectations that are based on current expectations and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in these statements. You should not place undue reliance on forward-looking statements. Each forward-looking statement speaks only as of the date of the particular statement. New risk factors and uncertainties emerge from time to time and it is not possible to predict all risk factors and uncertainties, nor can we assess the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements. We undertake no obligation to publicly update or revise any forward-looking statement as a result of new information, future events or other information, other than as required by applicable law.

Contacts:

William Foreman
Director of Corporate Communications and Government Affairs
Orion S.A.
Direct: +1 832-445-3305
Mobile: +1 281-889-7833
[email protected]

HOUSTON – Orion Engineered Carbons (NYSE: OEC), a global specialty chemicals producer, announced today the company has achieved its 2022 emissions targets in the U.S. and will receive a 10 basis point rate reduction in interest payments on its sustainability-linked term loan, saving approximately $650,000.

When Orion agreed to the seven-year $650-million term loan in 2021, the company was one of the first to link the loan to environmental goals.

Starting this year, a third-party firm audited the air emissions figures at Orion’s four plants in the U.S. and determined whether the company achieved its targets. If Orion meets its targets for all four years, the company could reduce its financing costs by a total of $2.6 million.

“We’re pleased the first round of audits for our term loan were successful,” said Corning Painter, chief executive officer. “Achieving the emissions reduction goals underscores our strong focus and commitment to sustainability. We are confident we will have continued success achieving the emissions targets for the loan, which will lead to significant interest savings.”

Over the past five years, Orion has been upgrading its emissions control technology at all four of its U.S. plants. Three of these complex projects are completed, with the final one scheduled to be finished in 2023. The facilities are in Ivanhoe, La.; Belpre, Ohio; and the Texas cities of Orange and Borger.

About Orion Engineered Carbons

Orion Engineered Carbons (NYSE: OEC) is a leading global supplier of carbon black, a solid form of carbon produced as powder or pellets. The material is made to customers’ exacting specifications for tires, coatings, ink, batteries, plastics and numerous other specialty, highperformance applications. Carbon black is used to tint, colorize, provide reinforcement, conduct electricity, increase durability and add UV protection. Orion has innovation centers on three continents and 15 plants worldwide, offering the most diverse variety of production processes in the industry. The company’s corporate lineage goes back more than 160 years to Germany, where it operates the world’s longest-running carbon black plant. Orion is a leading innovator, applying a deep understanding of customers’ needs to deliver sustainable solutions. For more information, please visit orioncarbons.com.

Forward-Looking Statements

This document contains certain forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements are statements of future expectations that are based on current expectations and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in these statements. You should not place undue reliance on forward-looking statements. Each forward-looking statement speaks only as of the date of the particular statement. New risk factors and uncertainties emerge from time to time and it is not possible to predict all risk factors and uncertainties, nor can we assess the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements. We undertake no obligation to publicly update or revise any forward-looking statement as a result of new information, future events or other information, other than as required by applicable law.

Contacts:

William Foreman
Director of Corporate Communications and Government Affairs
Orion Engineered Carbons
Direct: +1 832-445-3305
Mobile: +1 281-889-7833
[email protected]

Wendy Wilson
Head of Investor Relations
Orion Engineered Carbons
Direct: +1 281-974-0155
[email protected]

HOUSTON – Orion Engineered Carbons (NYSE: OEC), a specialty chemicals company, announced today that cogeneration technology that produces renewable energy has been installed at its Ivanhoe plant in the southern U.S. state of Louisiana, making the facility more efficient, reliable and sustainable.

The cogeneration system, which includes a steam turbine generator, uses waste steam from the carbon black plant’s production process and converts it to electricity. The energy can be used to power the facility as well as be exported to the local grid.

“The new technology will reduce our reliance on the grid, which should result in less downtime at the plant and more consistent production,” Orion CEO Corning Painter said. “This is especially important in the Gulf Coast region of the U.S., where severe weather can pose a threat to the power supply. With this cogeneration system, we expect to be better able to continue safely operating and producing the products our customers need.”

Another anticipated benefit of the technology is improved equipment reliability at the plant, which produces carbon black for the rubber and specialty markets. Any power failure can shut down the plant suddenly, causing fatigue and degradation with carbon black production equipment, which requires significant cool-down and warm-up periods.

Similar cogeneration technology is used at many of Orion’s plants worldwide.

This is the second significant upgrade at the Ivanhoe plant in the last three years. In late 2021, Orion installed air emissions control technology that captures pollutants and converts them to sulfuric acid, commonly used in a wide range of products — from fertilizers and glue to dyes and car batteries. The project was a major milestone in Orion’s commitment to developing circular solutions for its waste streams.

About Orion Engineered Carbons

Orion Engineered Carbons (NYSE: OEC) is a leading global supplier of carbon black, a solid form of carbon produced as powder or pellets. The material is made to customers’ exacting specifications for tires, coatings, ink, batteries, plastics and numerous other specialty, highperformance applications. Carbon black is used to tint, colorize, provide reinforcement, conduct electricity, increase durability, and add UV protection. Orion has innovation centers on three continents and 14 plants worldwide, offering the most diverse variety of production processes in the industry. The company’s corporate lineage goes back more than 160 years to Germany, where it operates the world’s longest-running carbon black plant. Orion is a leading innovator, applying a deep understanding of customers’ needs to deliver sustainable solutions. For more information, please visit orioncarbons.com.

Forward-Looking Statements

This document contains certain forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements are statements of future expectations that are based on current expectations and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in these statements. You should not place undue reliance on forward-looking statements. Each forward-looking statement speaks only as of the date of the particular statement. New risk factors and uncertainties emerge from time to time and it is not possible to predict all risk factors and uncertainties, nor can we assess the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements. We undertake no obligation to publicly update or revise any forward-looking statement as a result of new information, future events or other information, other than as required by applicable law.

Contacts:

William Foreman Director of Corporate Communications and
Government Affairs
Orion Engineered Carbons
Direct: +1 832-445-3305
Mobile: +1 281-889-7833
[email protected]

Wendy Wilson
Head of Investor Relations
Orion Engineered Carbons
Direct: +1 281-974-0155
[email protected]

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HOUSTON – Orion Engineered Carbons (NYSE: OEC), a global specialty chemicals company, announced today it has received a Gold medal rating from EcoVadis, an independent organization that assesses the performance of companies in a wide range of sustainability areas.

Orion improved its score from the previous year, moving up from 72 to 77 points – just one point away from receiving a Platinum medal rating. The company is now in the 99th percentile of companies assessed by EcoVadis.

“The way Orion was able to jump five points in one year and reach the top 1% of companies shows how the many improvements we have made can add up to a big change,” Orion CEO Corning Painter said. “We are so close to Platinum now and will continue to strive for that goal as we deliver sustainable solutions to our customers.”

EcoVadis reviews companies’ performance in the areas of environment, ethics, sustainable procurement, overall sustainability governance, labor and human rights. The organization says it assesses more than 100,000 companies in over 200 industries in more than 175 countries.

Orion’s most recent sustainability initiatives have included installing control equipment at its U.S. plants that is substantially reducing emissions. The company is producing innovative products with pyrolysis oils from end-of-life tires and bio-circular feedstocks. Orion also plans to expand production of acetylene-based conducive additives for lithium-ion batteries used in electric vehicles.

About Orion Engineered Carbons

Orion Engineered Carbons (NYSE: OEC) is a leading global supplier of carbon black, a solid form of carbon produced as powder or pellets. The material is made to customers’ exacting specifications for tires, coatings, ink, batteries, plastics and numerous other specialty, highperformance applications. Carbon black is used to tint, colorize, provide reinforcement, conduct electricity, increase durability and add UV protection. Orion has innovation centers on three continents and 14 plants worldwide, offering the most diverse variety of production processes in the industry. The company’s corporate lineage goes back more than 160 years to Germany, where it operates the world’s longest-running carbon black plant. Orion is a leading innovator, applying a deep understanding of customers’ needs to deliver sustainable solutions. For more information, please visit orioncarbons.com.

Forward-Looking Statements

This document contains certain forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements are statements of future expectations that are based on current expectations and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in these statements. You should not place undue reliance on forward-looking statements. Each forward-looking statement speaks only as of the date of the particular statement. New risk factors and uncertainties emerge from time to time and it is not possible to predict all risk factors and uncertainties, nor can we assess the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements. We undertake no obligation to publicly update or revise any forward-looking statement as a result of new information, future events or other information, other than as required by applicable law.

Contacts:

William Foreman
Director of Corporate Communications and
Government Affairs
Orion Engineered Carbons
Direct: +1 832-445-3305
Mobile: +1 281-889-7833
[email protected]

Wendy Wilson
Head of Investor Relations
Orion Engineered Carbons
Direct: +1 281-974-0155
[email protected]