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Orion Engineered Carbons Completes Upgrade to Borger, Texas Facility Enabling Energy Self-Sufficiency

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Orion Engineered Carbons S.A. (NYSE: OEC) has upgraded its Borger, Texas facility to operate independently from the electrical grid, additionally supplying power back to the grid. This upgrade allows the plant to meet its own energy demands while generating enough electricity to power over 4,000 local homes. CEO Corning Painter stated that this cogeneration initiative significantly reduces energy consumption and aligns with the company's sustainability objectives, enhancing plant reliability.

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  • The Borger facility upgrade enables energy independence and allows power supply back to the grid.
  • The cogeneration unit provides enough electricity for over 4,000 homes, supporting sustainable energy sources.
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HOUSTON--()--Orion Engineered Carbons S.A. (NYSE: OEC), a worldwide supplier of specialty and high-performance carbon black, today announced that it has completed an upgrade to its Borger, Texas facility, enabling the plant to run without drawing power from the electrical grid and provide energy back to the regional grid for use in the local area.

“Investing in cogeneration facilities that use tail gas as fuel to produce electric power drives our energy consumption down and is an impactful strategy on our path toward achieving the energy recovery pillar of our sustainability targets. The recently completed upgrade at our Borger plant enables us to use the electricity we produce to run the plant, export the remainder to the grid, advance our sustainability goals and improve the overall reliability of the plant,” said Corning Painter, Chief Executive Officer of Orion Engineered Carbons.

In addition to supplying 100 percent of the plant’s power needs, the cogeneration unit at the plant delivers enough electricity into the regional grid to power over 4,000 homes, which supplements weather-dependent, renewable sources in the area.

About Orion Engineered Carbons S.A.

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.

Contacts

Orion Engineered Carbons S.A.
Investor Relations
Wendy Wilson, +1 281-974-0155
Investor-Relations@orioncarbons.com

FAQ

What recent upgrade did Orion Engineered Carbons announce for its Borger facility?

Orion Engineered Carbons announced an upgrade to its Borger facility that allows it to operate without drawing power from the grid and to supply electricity back to the regional grid.

How much electricity is generated by the Borger plant's cogeneration unit?

The cogeneration unit at the Borger plant generates enough electricity to power over 4,000 homes.

What are the sustainability goals of Orion Engineered Carbons?

Orion Engineered Carbons aims to reduce energy consumption and improve sustainability through initiatives like the cogeneration facility at the Borger plant.

What is the stock symbol for Orion Engineered Carbons?

The stock symbol for Orion Engineered Carbons is OEC.

Orion S.A.

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