Energy Efficiency, GHG Emissions  -  April 27, 2022

Orion Sets 2050 Goals

Orion Engineered Carbons, a specialty chemicals company, announced it seeks to achieve net zero emissions of GHG by 2050.

The company developed a roadmap with near- and long-term targets, including:

• Launching a broad range of products using recycled materials by 2025 and enlarge its footprint in the conductive additives space, such as in lithium-ion batteries for EVs and other applications used in the transition toward electric power,
• Generating 30% of its adjusted EBITDA through sustainable solutions by 2030,
• Growing the sustainable solutions’ share of adjusted EBITDA to 50% by 2035 and
• Setting new aspirational mid-term goals for GHG emissions reduction that are aligned with science-based methodologies.

“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, in a statement.

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