Orion Engineered Carbons recently released its 2021 Sustainability Report. The report highlights progress the company is making in implementing its sustainability strategy, with initiatives focused on advancing the circular economy, renewable feedstocks, and electrification. This exemplifies how companies like Orion that produce essential products are actively seeking innovative ways to realize circularity, promote electrification, and reduce their carbon footprint.
- Orion’s key sustainability accomplishments in 2021 include:
- Launching ECORAX Nature 105, the first product made from 100% renewable feedstock and designed for rubber applications.
- Becoming one of the first public companies in the United States to take out a sustainability-linked term loan, with favorable interest rates tied to the company’s success in meeting certain emissions-reduction targets at its U.S. plants.
- Developing a roadmap – with milestones in 2025, 2030 and 2035 – for the development of sustainable solutions in the company’s portfolio, paving the way to transform into a sustainable business model.
“We’ve recently announced our aspirations to reach net-zero emissions by 2050. Our Sustainability Report shows that with our portfolio of approaches, Orion is well positioned to confront some of the most pressing challenges of our era,” Orion CEO Corning Painter said. “The conductive additives we produce are vital for electric vehicles and energy storage. As one of the leading innovators in tire recycling, we are also committed to supporting the transition to a circular economy.”
Learn more about at https://www.orioncarbons.com/sustainability_reports.