May 2nd, 2022
Orion Engineered Carbons recently announced that it aspires to align its sustainability objectives with the Paris Climate Agreement (PCA) and strives to achieve net-zero emissions of greenhouse gases by 2050.
To make this aspiration a reality, Orion plans to launch a broad range of products using recycled materials and increase its footprint in the conductive additives space, such as lithium-ion batteries for electric vehicles and other applications critical for the transition toward electric power by 2025. It will also generate 30 per cent of its adjusted EBITDA through sustainable solutions by 2030, and it plans on growing the sustainable solutions’ share of adjusted EBITDA by 50 per cent by 2035.
“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,” said Corning Painter, Orion’s CEO. “Our ambition to align with the PCA is a natural progression in our sustainability journey. Investing in sustainability is core to our growth strategy and key to our success as a business.”