LUXEMBOURG--(BUSINESS WIRE)--Orion Engineered Carbons S.A. (NYSE: OEC), a leading worldwide supplier
of specialty and high-performance Carbon Black, today announced that it
has signed a contract with Haldor Topsoe (Lyngby, Denmark; www.topsoe.com)
to install Topsoe’s sustainable emissions control technology, SNOX, in a
Carbon Black production plant for the first time.
By combining Topsoe’s proven SNOX system with Orion’s capabilities in
Carbon Black, the technology will remove SOx, NOx and dust particles
from tail gases at Orion’s Ivanhoe, Louisiana, plant and reach the
standard required by the U.S. EPA as a result of a settlement to install
certain control equipment at its facilities in the United States.
“Orion is committed to environmentally friendly operation of its
facilities,” said Jack Clem, CEO of Orion. “Our extensive research
determined that the Haldor Topsoe SNOX system, suitably adapted by our
technical teams over the last several years, was the most dependable and
cost effective means of meeting or exceeding the requirements we now
face.”
Orion also is planning a cogeneration facility at the Ivanhoe Plant to
utilize energy from the production process to supply electricity for
this new control technology, the current manufacturing processes and for
the surrounding communities. Discussions with the local electricity
utility are underway.
About Orion Engineered Carbons S.A. (NYSE: OEC)
Orion is a worldwide supplier of Carbon Black. We produce a broad range
of Carbon Blacks that include high-performance Specialty Gas 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,
tires, and mechanical rubber goods such as automotive belts and hoses.
Orion runs 14 global production sites and four Applied Technology
Centers. The group has approximately 1,434 employees worldwide. For more
information please visit our website www.orioncarbons.com.
Forward Looking Statements
This document contains certain forward-looking statements with respect
to our financial condition, results of operations and business. These
statements constitute forward-looking statements within the meaning of
Section 21E of the Securities Exchange Act of 1934, as amended.
Forward-looking statements are statements of future expectations that
are based on management’s 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. Forward-looking statements
include, among others, statements concerning the potential exposure to
market risks, statements expressing management’s expectations, beliefs,
estimates, forecasts, projections and assumptions and statements that
are not limited to statements of historical or present facts or
conditions. Some of these statements can be identified by terms and
phrases such as “anticipate,” “believe,” “intend,” “estimate,” “expect,”
“continue,” “could,” “should,” “may,” “plan,” “project,” “predict” and
similar expressions. Factors that could cause our actual results to
differ materially from those expressed or implied in such
forward-looking statements include those factors detailed under the
captions “Note Regarding Forward-Looking Statements” and “Risk Factors”
in our Annual Report on Form 20-F for the year ended December 31, 2017
and in Note 9 to our audited consolidated financial statements regarding
contingent liabilities, including litigation. 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 for
our management to predict all risk factors and uncertainties, nor can we
assess the impact of all factors on our business or 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.
