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Orion Engineered Carbons Publishes Its 2020 Sustainability Report

08/04/2021

Working with science-based groups, Orion is creating a more sustainable world with a strategy focused on decarbonization, circularity and electrification.

Orion Engineered Carbons S.A. (NYSE: OEC), a leading global supplier of specialty and high performance carbon black, today published its 2020 Sustainability Report, showcasing the company’s latest work with science-based groups with the goal to reduce global greenhouse gas emissions in the production of carbon black – an essential ingredient in tires, coatings, film, pipes, wire, cable and numerous other everyday products.

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

“Our 2020 Sustainability Report details our long-term strategy and progress we have made across a wide range of sustainability initiatives, including partnering in several research projects aligned with three key secular trends foundational to our sustainability strategy: decarbonization, circularity and electrification,” added Mr. Painter.

Orion engineers are working with the Research Institutes of Sweden (RISE) to develop and scale process technology to make renewable oil from forest-derived feedstock, replacing fossil-based fuels in the production of carbon black. The company is also the only carbon black producer that is part of the EU-funded BlackCycle initiative, aimed at enabling a circular economy of tires by developing process technology to produce new tires, including recycled carbon black, from discarded tires.

Another project involves partnering with the European Commission’s HiQ-CARB Consortium to improve the performance of lithium-ion batteries by using Orion’s acetylene black, a highly conductive carbon black with significantly lower greenhouse gas emissions than traditional carbon blacks .

“We are conscious that sustainability is not just about climate change,” 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 grateful to our employees for their resilience and team work 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 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.

Orion Engineered Carbons
Investor Relations
Wendy Wilson, +1 281-974-0155
Investor-Relations@orioncarbons.com

Orion Engineered Carbons
Corporate Communications
William Foreman, +1 281-889-7833
William.Foreman@orioncarbons.com

Source: Orion Engineered Carbons S.A.

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