News from Notch Consulting, Inc.

April 25, 2022

Orion Engineered Carbons Pledges to Achieve Net-Zero Carbon Emissions by 2050

Filed under: Carbon Black — Notch @ 11:25 pm

Orion Engineered Carbons announced today it aspires to align its sustainability objectives with the Paris Climate Agreement and strive to achieve net-zero emissions of greenhouse gases by 2050. To meet this goal, Orion has developed a roadmap with near- and long-term targets. These targets include:

    • Launch a broad range of products using recycled materials by 2025
    • Enlarge the company’s footprint in the conductive additives space by 2025, including materials used in lithium-ion batteries for electric vehicles and other applications critical for the transition toward electric power
    • Grow the sustainable solutions’ share of adjusted EBITDA to 30% by 2030 and 50% by 2035
    • Set new aspirational mid-term goals for greenhouse-gas emissions reduction that are aligned with science-based methodologies

In a press release announcing the program, Orion CEO Corning Painter said, “We know our goal is ambitious and we want to make sure it’s meaningful. Like most companies, we can’t say we have all the answers now. But we’re determined to work hard to find sustainable solutions with collaboration, innovation and the right regulatory environment.”

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