Category: News

 HOUSTON – Orion Engineered Carbons (NYSE: OEC), a leading global supplier of specialty and high-performance carbon black, today announced its CEO has signed the U.N. Global Compact, the world’s largest corporate sustainability initiative. 

The compact calls on companies to align strategies and operations with universal principles on human rights, labor, anti-corruption and the environment. The pact’s mission is “to mobilize a global movement of sustainable companies and stakeholders to create the world we want.” 

Orion CEO Corning Painter said, “We have long supported the compact’s principles, and they have been part of our strategy, culture and daily operations. I welcome this opportunity to formally and publicly align ourselves with our peers and further commit ourselves to advancing societal goals.” 

For more information about the compact: https://www.unglobalcompact.org/ 

About the UNGC 

The U.N. Global Compact is a non-binding pact to encourage businesses and firms worldwide to adopt sustainable and socially responsible policies and to report on their implementation. The compact is a principle-based framework for businesses, stating 10 principles in the areas of human rights, labor, the environment and anti-corruption. Under the compact, companies are brought together with U.N. agencies, labor groups and civil society. 

About Orion Engineered Carbons 

Orion Engineered Carbons (NYSE:OEC) is a global supplier of carbon black products including high-performance specialty gas blacks, acetylene blacks, furnace blacks, lamp blacks, thermal blacks, and other carbon blacks that tint, colorize and enhance the performance of polymers, plastics, paints and coatings, inks and toners, textile fibers, adhesives and sealants, batteries, tires and mechanical rubber goods, such as automotive belts and hoses. The company has over 125 years of history providing customized solutions from a network of 14 global production sites and is dedicated to responsible business practices that emphasize reliability, innovation and sustainability. 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 leading global supplier of specialty and high-performance carbon black, announced today that next year the company will invest to convert a reactor line at its plant in Ivanhoe, La., from manufacturing soft carbon black to producing hard carbon black, commonly used in tire treads. 

“With the continued onshoring of tire production to the U.S., the carbon black supply-demand balance is getting tighter, particularly for hard carbon black,” CEO Corning Painter said. 

“To help support this aspect of the automotive tire supply chain, we are going to invest in converting a reactor at our Ivanhoe plant, increasing the domestic supply of hard black by about 30,000 tons per year by mid-2022. Soft black capacity will be decreased by about the same amount,” Painter added. 

Adding carbon black to tires makes them stronger, reduces treadwear, allows tire engineers to fine tune performance and protects from the damaging effects of UV light. 

About Orion Engineered Carbons 

Orion Engineered Carbons (NYSE:OEC) is a global supplier of carbon black products including high-performance specialty gas blacks, acetylene blacks, furnace blacks, lamp blacks, thermal blacks, and other carbon blacks that tint, colorize and enhance the performance of polymers, plastics, paints and coatings, inks and toners, textile fibers, adhesives and sealants, batteries, tires and mechanical rubber goods, such as automotive belts and hoses. The company has over 125 years of history providing customized solutions from a network of 14 global production sites and is dedicated to responsible business practices that emphasize reliability, innovation and sustainability. 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. 

Contact: 

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

 The company is a pioneer in ‘ethical finance’ that ties interest rates to environmental goals 

HOUSTON – Orion Engineered Carbons (NYSE: OEC), a leading global supplier of specialty and high-performance carbon black, has become one of the first public companies in the U.S. to take out a sustainability-linked term loan. 

Often called “ethical finance,” sustainability-linked debt has interest rates that go up or down depending on whether a company meets its environmental, social or governance goals. 

The interest rates for Orion’s new $650-million term loan will be tied to the company’s targets for reducing emissions over seven years at its four U.S. plants. 

“The loan is yet another way we’re showing we’re serious about our commitment to sustainability,” said Corning Painter, Orion’s CEO. “We’re willing to risk a financial penalty to demonstrate that we can meet our environmental goals.” 

Each year, a third-party firm will audit the plants’ emissions figures and determine whether Orion achieved its targets. 

Carbon black, commonly available as powder or pellets, is a highly engineered product that must meet exacting standards for tires, coatings, lithium-ion batteries and many other high-performance and specialty goods. The material not only tints and colorizes, it also provides reinforcement, conducts electricity and adds UV protection, among many other properties. 

Under the terms of Orion’s sustainability-linked loan, during the first four years, if the company achieves its emissions targets, the interest rate will be reduced by 10 basis points – or by 0.1%. This would reduce financing costs by a total of up to $2.6 million over the four years. But if Orion misses its goals, the rate will go up by 0.1%. 

Over the final three years of the loan, the company won’t be eligible for a reduced interest rate, but it can still be penalized with a higher rate – an additional 10 basis points – if it falls short of its goal. 

“Sustainability-linked financing is seeing tremendous market growth and rapidly increasing demand from lenders,” Orion’s Head of Corporate Treasury Marcus Koppers said. “As a strongly committed company and pioneer, Orion offers meaningful and balanced conditions that also attract new lenders.” 

Over the past several years, Orion has been upgrading equipment at its U.S. plants that reduces emissions – an initiative projected to cost roughly $280 million when completed in 2023. The company has sites in Ivanhoe, La.; Belpre, Ill.; and the Texas cities of Orange and Borger. 

Goldman Sachs Bank USA was the sole bookrunner on the refinancing and served as the sole ESG structuring adviser. 

A version of this story with more financial details is available on Orion’s corporate and financial news page. 

About Orion Engineered Carbons 

Orion Engineered Carbons (NYSE:OEC) is a global supplier of carbon black products including high-performance specialty gas blacks, acetylene blacks, furnace blacks, lamp blacks, thermal blacks, and other carbon blacks that tint, colorize and enhance the performance of polymers, plastics, paints and coatings, inks and toners, textile fibers, adhesives and sealants, batteries, tires and mechanical rubber goods, such as automotive belts and hoses. The company has over 125 years of history providing customized solutions from a network of 14 global production sites and is dedicated to responsible business practices that emphasize reliability, innovation and sustainability. 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. 

Contact: 

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

 The pledge commits Orion Engineered Carbons to advance diversity and inclusion efforts. 

HOUSTON (Sept. 13, 2021) — Orion Engineered Carbons (NYSE: OEC), a leading supplier of specialty and high-performance carbon black, today announced that CEO Corning Painter has joined over 2,000 other chief executive officers from 85 industries by signing the CEO Action for Diversity & Inclusion pledge. It is the largest CEO-driven business commitment to advance diversity and inclusion in the workplace. 

“Diversity and inclusion can be difficult topics to navigate, but if we avoid constructive conversation about our differences, communication deteriorates, innovation declines and collaboration suffers,” Painter said. “I am committed to cultivating a work environment where our employees can openly address challenges, present opportunities, share perspectives and solutions are found.” 

Specific CEO Action for Diversity & Inclusion pledge commitments include establishing trust for difficult conversations about diversity and inclusion; expanding unconscious bias education in the workplace; sharing best practices as well as unsuccessful efforts; and creating strategic diversity and inclusion plans in concert with our board of directors. By signing on to these commitments, Orion Engineered Carbons is committing to taking further steps toward building an even more diverse and inclusive workplace. 

About CEO Action for Diversity & Inclusion™ 

CEO Action for Diversity & Inclusion™ is the largest CEO-driven business commitment to advance diversity and inclusion within the workplace. Bringing together nearly 2,000 CEOs of leading organizations, the commitment outlines actions that participating companies pledge to take to cultivate a workplace where diverse perspectives and experiences are welcomed and respected, employees feel comfortable and encouraged to discuss diversity and 

inclusion, and where best known—and unsuccessful—actions can be shared across organizations. Learn more at CEOAction.com and connect with us on Twitter: @CEOAction. 

About Orion Engineered Carbons 

Orion Engineered Carbons (NYSE:OEC) is a global supplier of carbon black products, including high-performance specialty furnace black, gas black, lamp black, thermal black, acetylene black and other carbon blacks that tint, colorize and enhance the performance of polymers, plastics, paints and coatings, inks and toners, textile fibers, adhesives and sealants, batteries, tires, and mechanical rubber goods. The company has over 125 years of history providing customized solutions from a network of 14 global production sites and is dedicated to responsible business practices that emphasize reliability, innovation and sustainability. 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. 

Contact: 

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

The new facility positions the company for growth, enabling Orion to meet increasing demand for carbon black in the rapidly expanding Asia-Pacific region 

HOUSTON — Orion Engineered Carbons (NYSE: OEC) today began constructing its second plant in China for specialty and high-performance carbon black, expanding the chemical company’s production capacity in one of the world’s fastest-growing markets. 

Orion’s new facility in Huaibei in the eastern province of Anhui is expected to be completed late next year and to begin operating in 2023. 

With a targeted initial production capacity of 65-70 kilotons per year, the plant will be able to make a variety of carbon black for specialty and high-end rubber grades. 

“The strongest growth in demand for carbon black in the coming years is widely projected to be in Asia,” Orion CEO Corning F. Painter said. “This new site in China will enable us to better supply our customers and strengthen our position as a leading global supplier of specialty and high-performance carbon black.” 

The new site complements Orion’s first Chinese plant, built in 1994 in Qingdao in the eastern province of Shandong, as well as Orion’s production site in Yeosu, South Korea. 

An innovator in sustainability, Orion will equip the plant to convert its waste heat to steam that will be sold to the local industrial park. 

Carbon black, available as powder or beads, is commonly used in tires, textile fibers, coatings, batteries and numerous other everyday goods. It tints or colorizes as well as reinforces products, conducts electricity and provides UV protection, among many other uses across a wide range of applications and end markets.

About Orion Engineered Carbons 

Orion Engineered Carbons (NYSE:OEC) is a global supplier of carbon black products, including high-performance specialty gas blacks, acetylene blacks, furnace blacks, lamp blacks, thermal blacks and other carbon blacks that tint, colorize and enhance the performance of polymers, plastics, paints and coatings, inks and toners, textile fibers, adhesives and sealants, batteries, tires, and mechanical rubber goods. The company has over 125 years of history providing customized solutions from a network of 14 global production sites and is dedicated to responsible business practices that emphasize reliability, innovation and sustainability. 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. 

Contact: 

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

With research partners, Orion is working toward a more sustainable industry with projects focused on renewables, recycling and electrification.

HOUSTON – Orion Engineered Carbons S.A. (NYSE: OEC) today published its 2020 Sustainability Report, showcasing the chemical company’s latest work with research partners to reduce greenhouse gas emissions when making carbon black – an essential ingredient in tires, coatings, ink and numerous other everyday products.

The projects include testing ways to replace fossil fuels with oil derived from used tires or forest products in the production of carbon black. Orion is also working to improve the performance of lithium-ion batteries, commonly used in electric vehicles.

“We recognize the urgency to act on climate change,” said Corning F. Painter, chief executive officer at Orion. “Successfully charting a path to a more sustainable world will require collaboration across the industry and the scientific community.”

Orion engineers are collaborating with the RISE Research Institutes of Sweden to develop technology to make renewable oil from sustainable forest products, replacing fossil-based fuels that are commonly used when making carbon black.

The company is also the only carbon black producer that is part of the EU-funded BlackCycle initiative, experimenting with ways to produce new tires with carbon black that is recycled from old tires.

Another project involves partnering with the European Commission’s HiQ-CARB Consortium to improve the performance of lithium-ion batteries, using Orion’s acetylene black – a highly conductive carbon black.

“We are conscious that sustainability is not just about climate change,” Mr. Painter said. “Our report also highlights how we address social issues and governance practices.”

Orion’s participation in community support programs throughout the world included donations of much-needed equipment and supplies for the fight against the global COVID-19 pandemic over the past year.

“I’d like to take this opportunity to express our appreciation for all the frontline workers in the fight against the pandemic,” Mr. Painter said. “We are pleased to be a contributing member at our locations through our charitable donations, such as personal protective equipment. I am also extremely grateful to our employees for their resilience and teamwork to enable us to succeed during the challenging times we faced in 2020.”

To view the full 2020 Sustainability Report visit orioncarbons.com/sustainability

About Orion Engineered Carbons

Orion Engineered Carbons (NYSE:OEC) is a global supplier of carbon black products including highperformance specialty gas blacks, acetylene blacks, furnace blacks, lamp blacks, thermal blacks, and other carbon blacks that tint, colorize and enhance the performance of polymers, plastics, paints and coatings, inks and toners, textile fibers, adhesives and sealants, batteries, tires, and mechanical rubber goods, such as automotive belts and hoses. The company has over 125 years of history providing customized solutions from a network of 14 global production sites and is dedicated to responsible business practices that emphasize reliability, innovation and sustainability. 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.

Contact:

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) has partnered with RISE Research Institutes of Sweden to test different types of renewable oils derived from forest products that might replace fossil-based fuels in the production of carbon black. 

Orion plans to convert the biomass oil into carbon black using its small-scale furnace reactor in Kalscheuren, Germany, and will explore ways to scale up the process to match market demands. 

RISE will use a pilot-scale reactor at its site in Piteå, Sweden, and will evaluate the use of electrofuels, such as plasma or hydrogen from electrolysis, as sustainable heat sources for the carbon black process. 

“We are committed to meeting the rising interest in renewable carbon black as the tire industry works to address its long-term goal of reducing fossil-derived feedstocks across the supply chain,” said David Deters, senior vice president, Orion Engineered Carbons. “This partnership is yet another step in our sustainability strategy and we look forward to partnering with RISE on this exciting and critically important project.” 

RISE has already shown that it could be economically feasible to produce carbon black using pyrolysis oil from wood-derived feedstock. Orion’s project goal is to validate commercial production based on this research. 

About Orion Engineered Carbons 

Orion Engineered Carbons (NYSE: OEC) is a global supplier of carbon black products including high-performance specialty gas blacks, acetylene blacks, furnace blacks, lamp blacks, thermal blacks, and other carbon blacks that tint, colorize and enhance the performance of polymers, plastics, paints and coatings, inks and toners, textile fibers, adhesives and sealants, batteries, tires and mechanical rubber goods, such as automotive belts and hoses. The company has over 125 years of history providing customized solutions from a network of 14 global production sites and is dedicated to responsible business practices that emphasize reliability, innovation and sustainability. 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. 

Contact: 

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 leading global supplier of specialty and high-performance carbon black, has joined the HiQ-CARB consortium to provide the lithium-ion battery industry with sustainable and high-performance carbon additives. 

Seven leading European industry players, research institutes and universities are collaborating on the EU-funded HiQ-CARB project. They are designing and scaling up innovative battery materials – including Orion’s high-purity, conductive acetylene black – with very low carbon footprints to meet rapidly expanding market demands. 

The European Commission’s overarching mission is to combat climate change by achieving carbon dioxide (CO2)neutrality. Reaching this target by 2050 requires dedicated innovation and transition across several industries, of which energy and mobility are expected to advance faster than others. 

“At Orion, we recognize the requirements for advanced materials and are determined to contribute to a sustainable future,” said Sandra Niewiem, Ph.D., senior vice president, Global Specialty Carbon Black and EMEA Region. “We are pleased to actively contribute to further the development of sustainable, high-performing lithium-ion batteries, as our acetylene black has the lowest carbon footprint in the market.” 

Lithium-ion batteries involve cutting-edge technologies and are used for e-mobility (electrification of vehicles), renewable energy storage, in portable electronic devices and a wide range of other applications where renewable energy supplies are critical. The broad application spectrum opens a large market for battery cells that meet demanding energy/power density and lifecycle requirements. High-performance carbon black is used as a conductive additive and is essential to meeting these specifications. 

Other HiQ-CARB project consortium participants include leading materials producer Arkema, cell producer Customcells, Fraunhofer ISC, Aalto University in Finland and the University of Bordeaux. 

About Orion Engineered Carbons 

Orion Engineered Carbons (NYSE: OEC) is a global supplier of carbon black products including high-performance specialty gas blacks, acetylene blacks, furnace blacks, lamp blacks, thermal blacks, and other carbon blacks that tint, colorize and enhance the performance of polymers, plastics, paints and coatings, inks and toners, textile fibers, adhesives and sealants, batteries, tires and mechanical rubber goods, such as automotive belts and hoses. The company has over 125 years of history providing customized solutions from a network of 14 global production sites and is dedicated to responsible business practices that emphasize reliability, innovation and sustainability. 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. 

Contact: 

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) today announced the commercial launch of ECORAX® Nature, the first highly reinforcing carbon black for tires that is made from industrial-grade renewable plant-based oils. 

The product, which can be used in critical tire tread construction, is being tested by customers and will go into high-volume manufacturing in the second half of 2022. 

“This launch is an important milestone in our strategy to develop commercially viable carbon black products that drive sustainability across the value chain,” said Corning Painter, CEO at Orion. “This strategy – combined with our footprint, ability to innovate and deep customer relationships – makes Orion the right partner for a sustainable future.” 

By exclusively using plant-based oils, ECORAX® Nature is a pathway to lowering the net CO2 emissions within the tire industry supply chain. 

About Orion Engineered Carbons 

Orion Engineered Carbons (NYSE: OEC) is a global supplier of carbon black products including high-performance specialty gas blacks, acetylene blacks, furnace blacks, lamp blacks, thermal blacks, and other carbon blacks that tint, colorize and enhance the performance of polymers, plastics, paints and coatings, inks and toners, textile fibers, adhesives and sealants, batteries, tires and mechanical rubber goods, such as automotive belts and hoses. The company has over 125 years of history providing customized solutions from a network of 14 global production sites and is dedicated to responsible business practices that emphasize reliability, innovation and sustainability. 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. 

Contact: 

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 supplier of specialty and high-performance carbon black, today announced it has received 12 awards from the International Carbon Black Association (ICBA), recognizing the company’s stellar safety record at its plants in 2020. 

“Maintaining safe and sustainable business practices is one of our core values,” said Corning Painter, CEO at Orion. “We are honored to be recognized for our commitment to safety. We are dedicated to protecting our people and the communities in which we operate.” 

Orion has 14 production sites and four technical research and development centers worldwide. They all maintain robust systems, processes and programs promoting a safe work environment. Through a combination of safety culture, reporting, training and regular reviews, Orion has established safety programming that defines the responsibilities of everyone who works for the organization. 

About Orion Engineered Carbons 

Orion Engineered Carbons (NYSE: OEC) is a global supplier of carbon black products including high-performance specialty gas blacks, acetylene blacks, furnace blacks, lamp blacks, thermal blacks, and other carbon blacks that tint, colorize and enhance the performance of polymers, plastics, paints and coatings, inks and toners, textile fibers, adhesives and sealants, batteries, tires and mechanical rubber goods, such as automotive belts and hoses. The company has over 125 years of history providing customized solutions from a network of 14 global production sites and is dedicated to responsible business practices that emphasize reliability, innovation and sustainability. For more information, please visit orioncarbons.com. 

About ICBA 

The ICBA is a scientific, non-profit corporation originally founded in 1977. The purpose of the ICBA is to sponsor, conduct, and participate in investigations, research, and analyses relating to the health, safety, and environmental aspects of the production and use of carbon black. The association is managed and administered by a Board of Directors appointed by the member companies. This Board of Directors sets the strategy and provides overall direction to The Scientific Advisory Group (SAG) and the regional Product Safety and Regulatory Committees (PSRCs) while integrating and overseeing the activities of the SAG and PSRCs to determine objectives and priorities. For more details; visit http://carbon-black.org/ 

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. 

Contact: 

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