Orion Engineered Carbons Completes State-of-the-Art Cogeneration Unit at Qingdao, China Facility
December 16 2020 - 4:30PM
Business Wire
Orion Engineered Carbons S.A. (NYSE: OEC), a worldwide supplier
of specialty and high-performance carbon black, today announced
that it has completed a multi-year upgrade to its Qingdao, China
facility. A new, state-of-the-art, cogeneration unit was installed,
which boosts the site’s sustainability by recovering more energy
from the facility.
“This is an example of what is good for the environment can be
good business too. Similar to the recent cogeneration unit upgrade
at our Borger, Texas facility, this installation is an example of
sustainability in action. It deepens our ties with the community by
supplying power and heat to the local district. We will continue to
focus on “win-win” capital investments and strive to be a positive
force in driving long-term sustainability,” said Corning Painter,
chief executive officer of Orion Engineered Carbons.
This new cogeneration unit also greatly improves reliability at
the Qingdao facility. In addition to electricity generation, the
unit will recover enough energy to provide heating to up to 5,000
homes in the district.
About Orion Engineered Carbons
Orion is a worldwide supplier of carbon black. We produce a
broad range of carbon blacks that include 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,
tires, and mechanical rubber goods such as automotive belts and
hoses. Orion operates 14 global production sites and has
approximately 1,425 employees worldwide. For more information,
please visit our website www.orioncarbons.com.
Forward-Looking Statements
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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
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version on businesswire.com: https://www.businesswire.com/news/home/20201216005923/en/
Orion Engineered Carbons S.A. Investor Relations Wendy Wilson,
+1 281-974-0155 Investor-Relations@orioncarbons.com
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