Specialty chemicals company Orion has released its 2021 Sustainability Report, showcasing initiatives focused on advancing the circular economy, renewable feedstocks and electrification.
The report outlines how Orion Engineered Carbons S.A., Senningerberg/Luxembourg, is transforming its product portfolio to reflect sustainability in its business strategy. The company’s key sustainability accomplishments in 2021 include launching Ecorax Nature 105, the first carbon black product made from 100% renewable feedstock and designed for rubber applications. Orion has also become one of the first public companies in the USA 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.
Furthermore, the company has developed 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.
»The conductive additives we produce are vital for electric vehicles and energy storage. As one of the innovators in tire recycling, we are also committed to supporting the transition to a circular economy.«