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Orion Engineered Carbons Initiates Construction of Second Plant in China

Orion Engineered Carbons (NYSE: OEC) began constructing its second plant in
China for specialty and high-performance carbon black, expanding the
chemical company’s production capacity in one of the world’s fastest-growing
markets.

Carbon black, available as powder or beads, is commonly used in tires,
textile fibers, coatings, batteries and numerous other everyday goods. It
tints or colorizes as well as reinforces products, conducts electricity and
provides UV protection, among many other uses across a wide range of
applications and end markets.

Orion’s new facility in Huaibei in the eastern province of Anhui is expected
to be completed late next year and to begin operating in 2023.

With a targeted initial production capacity of 65-70 kilotons per year, the
plant will be able to make a variety of carbon black for specialty and
high-end rubber grades.

“The strongest growth in demand for carbon black in the coming years is
widely projected to be in Asia,” said Corning F. Painter, chief executive
officer at Orion. “This new site in China will enable us to better supply
our customers and strengthen our position as a leading global supplier of
specialty and high-performance carbon black.”

The new site complements Orion’s first Chinese plant, built in 1994 in
Qingdao in the eastern province of Shandong, as well as Orion’s production
site in Yeosu, South Korea.

An innovator in sustainability, Orion will equip the plant to convert its
waste heat to steam that will be sold to the local industrial park.

About Orion Engineered Carbons

Orion Engineered Carbons (NYSE:OEC) is a global supplier of carbon black
products, including high-performance specialty gas blacks, acetylene blacks,
furnace blacks, lamp blacks, thermal blacks and other carbon blacks that
tint, colorize and enhance the performance of polymers, plastics, paints and
coatings, inks and toners, textile fibers, adhesives and sealants,
batteries, tires, and mechanical rubber goods. The company has over 125
years of history providing customized solutions from a network of 14 global
production sites and is dedicated to responsible business practices that
emphasize reliability, innovation and sustainability. For more information,
please visit orioncarbons.com.

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