Orion Engineered Carbons Plans to Install Innovative Pollution Control Technology at Its Louisiana Plant
April 13 2018 - 4:30PM
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.
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Orion Engineered Carbons S.A.Investor RelationsDiana Downey, +1
832-589-2285Investor-Relations@orioncarbons.com
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