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

Orion, a leading global supplier of carbon materials, announced 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 make its net-zero aspirations realistic, Orion developed a roadmap with near- and long-term targets. The company aspires to: Launch a broad range of products using recycled materials by 2025 and during the same period position the company to enlarge its footprint in the conductive additives space, such as in lithium-ion batteries for electric vehicles and other applications critical for the transition toward electric power. Generate 30% of its adjusted EBITDA through sustainable solutions by 2030. Grow the sustainable solutions’ share of adjusted EBITDA to 50% by 2035 and Set new aspirational mid-term goals for greenhouse-gas emissions reduction that are aligned with science-based methodologies.