HOUSTON – Orion S.A. (NYSE: OEC), a global specialty chemicals producer, is investing €12.8 million – including €6.4 million in funding from the German government and European Union – to further develop and demonstrate a climate-neutral process for producing carbon black from alternative carbon sources, the company said today.

The technology is designed to improve Orion’s yield and throughput in the production of carbon black using circular feedstocks and thus potentially reduce the carbon footprint of the process by a significant amount. This could accelerate the shift to a circular economy and feed the growing demand for sustainable materials in the tire industry.

Half of the €12.8 million Orion plans to invest in this initiative, called the “Clean Carbon Black Research and Development Project,” will be provided by the decarbonization program of Germany’s Federal Ministry of Economic Affairs and Climate Action, supported by the EU’s NextGenerationEU fund.

“We are grateful for the funding from the EU and the German government. It shows a great commitment to innovation and creating a circular economy,” Orion CEO Corning Painter said.

“For years, Orion has been a leading innovator in making carbon black from circular feedstocks,” Painter added. “The Clean Carbon Black Research and Development Project’s aim will be to develop ways to reduce the carbon footprint and improve the yield and throughput, potentially lowering the cost of the material. Technological breakthroughs in this increasingly important field could have significant ramifications for energy integration and the molecular recycling of tires.”

A research facility is being built for the project at Orion’s main innovation center at its plant in Cologne.

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

william.foreman@orioncarbons.com

 

Wendy Wilson

Head of Investor Relations

Orion S.A.

Direct: +1 281-974-0155

wendy.wilson@orioncarbons.com

HOUSTON – Orion S.A. (NYSE: OEC), a global specialty chemicals company, today released its 2022 Sustainability Report that highlights a variety of initiatives, including launching four new sustainable products, conducting a Scope 3 greenhouse gas emissions inventory and nearing the completion of a massive air emissions control project.

The report’s “CEO Letter to Stakeholders” describes the magnitude, complexity and impact of the air emissions control initiative that started five years ago and is the biggest sustainability-linked project in Orion’s history. The company will fulfill its commitments before several competitors despite that it has more production sites in the U.S.

“All of us at Orion can look back at the past five years and feel an extreme amount of pride,” Orion CEO Corning Painter said. “We stayed committed during intensely trying times and honored our agreement to make our facilities cleaner, leading to a big impact for the environment and health in our communities.”

A decade ago, Orion was the first major producer to develop and commercialize carbon black made from renewable feedstocks. The 2022 Sustainability Report covers how the company continues to be a leading innovator, launching four sustainable products last year for the rubber industry: ECORAX® Circular 210, 215, 220 and ECORAX® Nature 200.

“Supplying the growing demand for sustainable products and accelerating the transition to a circular economy are key components of our strategy,” Painter said. “Orion as well as our customers are serious about making their raw materials fully sustainable. So we are heavily engaged in this area and work closely with our customers to develop solutions.”

Another 2022 sustainability milestone at Orion involved implementing a Scope 3 greenhouse gas emissions inventory, which allows the company to develop a better understanding of the type of initiatives that would help reduce these emissions.

Scope 3 emissions – those produced by Orion’s value chain partners – currently account for less than 40% of the total of Orion’s greenhouse gas emissions. Thus, in parallel to reducing Scope 3 emissions together with value chain partners, the company continues to focus on the sources of greenhouse gas emissions that it can directly influence, such as Scope 1 and 2 emissions.

Download a PDF version of the report from the Sustainability page of Orion’s website.

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 four innovation centers, and produces carbon black at 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

william.foreman@orioncarbons.com

 

Wendy Wilson

Head of Investor Relations

Orion S.A.

Direct: +1 281-974-0155

wendy.wilson@orioncarbons.com

 

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.

Orion colleagues in Sao Paulo with the Paint & Pintura award.
Orion colleagues in Sao Paulo with the Paint & Pintura award. From left to right: João Vilas Boas, sales manager; Simone Fontana Pereira, sales manager; Thomas Ochs, managing director; and Eduardo Belisle, technical sales manager.

 

“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
william.foreman@orioncarbons.com

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
william.foreman@orioncarbons.com

Wendy Wilson
Head of Investor Relations
Orion Engineered Carbons
Direct: +1 281-974-0155
wendy.wilson@orioncarbons.com

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
william.foreman@orioncarbons.com

Wendy Wilson
Head of Investor Relations
Orion Engineered Carbons
Direct: +1 281-974-0155
wendy.wilson@orioncarbons.com

HOUSTON – Orion Engineered Carbons (NYSE: OEC), a global specialty chemicals company, said today it has debottlenecked a post-treatment unit at its Cologne, Germany, plant that produces high-jetness specialty carbon blacks.

The debottlenecking enables Orion to increase production capacity and also produce beads in addition to powder. High-jetness carbon blacks deliver a deep black masstone with a bluish undertone and are popular in automotive coatings.

“It’s challenging to push jetness above certain levels, and Orion is one of only a few carbon black producers that can do it,” said Markus Mahn, director of Global Marketing for Coatings. “Demand was high last year and continues to be strong this year.”

Orion has plans to install a second post-treatment unit at its Cologne facility due to the rapidly growing demand for the company’s premium grades.

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
william.foreman@orioncarbons.com

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.

Ecovadcis 2023 Gold Rating

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
william.foreman@orioncarbons.com

Wendy Wilson
Head of Investor Relations
Orion Engineered Carbons
Direct: +1 281-974-0155
wendy.wilson@orioncarbons.com

HOUSTON – Orion Engineered Carbons (NYSE: OEC), a global specialty chemicals company, said today it will sharply reduce air emissions at its Borger, Texas, plant with new control technology. 

The $60 million project also involved upgrading the site’s cogeneration system, which takes heat created by the carbon black production process and converts it to electricity that can be used by the plant. The electricity is also sold back to the power grid. Such energy conservation equipment is used by many Orion plants worldwide. 

“Investing in emissions control technology and generating more clean energy are key to our commitment to sustainability,” Orion CEO Corning Painter said. “I want to commend our engineers, the Borger team and our contractors for the timely completion of this complex project despite the Covid-19 pandemic and supply chain disruptions.” 

Borger, TX plant

The new emissions technology will lead to a major improvement in air quality, eliminating 23 tons of nitrogen oxide and sulfur dioxide emissions per day – a 90% reduction. The Borger plant produces carbon black for rubber and specialty clients. 

Orion also recently upgraded its emissions control technology at facilities in Ivanhoe, La., and Orange, Texas. Later this year, Orion plans to finish its final U.S. emissions project at its site in Belpre, Ohio. 

“We are proud that we’ve upgraded these plants, but it was an extremely demanding undertaking,” Painter said. “As we complete the Belpre project, Orion will have significantly more free cash flow to invest in growth projects. 2023 marks a new era for the company.” 

Upgrading the Borger plant supports Orion’s efforts to achieve the targets in its sustainability-linked term loan. Last year, Orion was one of the first public companies to take out such a loan, which has interest rates that go up or down depending on whether a company meets specific environmental, social and governance goals. 

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, 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 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
william.foreman@orioncarbons.com

Wendy Wilson
Head of Investor Relations
Orion Engineered Carbons
Direct: +1 281-974-0155
wendy.wilson@orioncarbons.com

 HOUSTON – Orion Engineered Carbons (NYSE: OEC), a global specialty chemicals company, announced today it was upgraded to a “B” score by the nonprofit organization CDP, recognizing Orion has addressed the environmental impact of its businesses and ensures good environmental management. 

The London-based CDP, formerly known as the “Carbon Disclosure Project,” operates a global system that enables companies to report their environmental impact. CDP assesses the information with its own methodology and provides a score. More than 18,700 companies worldwide reported data through CDP in 2022. 

CDP Discloser 2022

“Our ‘B’ score is the latest example of the tremendous progress we have made in recent years with sustainability,” Orion CEO Corning Painter said. “Accountability is one of Orion’s core values, so we are committed to reporting openly and transparently about our climate program – especially the CO2 emissions reduction measures we have implemented and the success we’ve had protecting the environment and our communities.” 

Since 2017, Orion has disclosed its climate-related performance through CDP and until now received a “C” score, indicating an awareness level of engagement. CDP says companies with a “B” score have reached the management level. They “have addressed the environmental impacts of their business and ensure good environmental management,” the organization says. 

CDP says its “A” list is for companies that have advanced beyond awareness and management to become leaders on environmental transparency and action. 

Earlier this year, Orion was upgraded from a “Silver” to a “Gold” designation by EcoVadis, an independent organization that assesses companies’ sustainability performance in the areas of environment, labor & human rights, ethics, sustainable procurement and overall sustainability governance. The score placed Orion in the top 3% of companies assessed by EcoVadis. 

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, 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 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
william.foreman@orioncarbons.com

Wendy Wilson
Head of Investor Relations
Orion Engineered Carbons
Direct: +1 281-974-0155
wendy.wilson@orioncarbons.com

 HOUSTON – Orion Engineered Carbons (NYSE: OEC), a specialty chemicals company, said today it has reached a major sustainability milestone, becoming the first to achieve International Sustainability and Carbon Certifications (ISCC Plus) for multiple carbon black grades made from different feedstocks at plants in two regions of the world. 

The ISCC PLUS certification involved rigorous audits of Orion’s plants and processes that confirmed the company’s compliance with high sustainability requirements. It also verified the transparency and traceability of sustainable raw materials in the company’s value chain at three plants producing the concerned grades of carbon black. 

ISCC

“The globally recognized certification further strengthens Orion’s position as the leader in our industry for developing sustainable solutions for our tire, mechanical rubber goods and specialty customers,” said Corning Painter, Orion’s CEO. “Earning the certification is a major achievement for the commercialization of our portfolio of sustainable products. ISCC PLUS documents to our customers that Orion continues to make progress with innovation focused on sustainability.” 

The ISCC PLUS certified products include the ECORAX® Circular grades produced in Borger, Texas, and Belpre, Ohio, using pyrolysis oils from end-of-life tires. Also covered is ECORAX® Nature 200, produced in Jaslo, Poland, and based on bio-circular feedstocks. 

Significantly, the certified products are similar to conventional grades and are “drop-ins” that require minimal reformulation in the complex rubber compounds used by our major tire manufacturing customers. 

“No other company is making multiple grades of sustainable carbon black with different feedstocks at multiple plants across the world,” Painter added. “Introducing a broad range of products that can be used in highly demanding tire applications using such materials is a critical step to enable the transition to a circular economy for tires.” 

A decade ago, Orion was the first major producer to develop and commercialize carbon black made from renewable feedstocks, such as industrial-grade vegetable oils or other oils derived from waste and residues of biological origin from agriculture or forestry. 

Orion is also the only carbon black producer in the BlackCycle initiative, an EU-funded project focused on developing the production of circular carbon black. 

“Our customers have shown a tremendous amount of interest in our sustainable products,” said Pedro Riveros, senior vice president for global rubber carbon black and general manager for the Americas. “Several companies have made very public statements about achieving fully sustainable raw materials by 2050, or earlier. Since rubber and carbon black are the largest raw materials in rubber compounds, replacing conventional carbon blacks with our sustainable products will largely contribute to the achievement of these commitments.” 

Carbon black makes up about 30% of a typical tire by weight. The material reinforces tires, making treads more resistant to tearing, cutting, abrasion and other wear. Carbon black also plays an important role in creating tires with lower rolling resistance, which leads to increased fuel efficiency. It also enables engineers to fine tune performance and protects tires from the damaging effects of UV light. 

The ISCC PLUS certification is granted by the ISCC Association, which is based in Cologne, Germany, and promotes the sustainable production of biomass, circular and bio-based materials and renewables. 

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, 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 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
william.foreman@orioncarbons.com

Wendy Wilson
Head of Investor Relations
Orion Engineered Carbons
Direct: +1 281-974-0155
wendy.wilson@orioncarbons.com