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.
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