Orion Engineered Carbons Completes State-of-the-Art Cogeneration Unit at Qingdao, China Facility
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.
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