HOUSTON--(BUSINESS WIRE)--Orion Engineered Carbons S.A. (NYSE: OEC), a worldwide supplier of specialty and high-performance carbon black, today announced that it has completed a multi-year upgrade to its Qingdao, China facility. A new, state-of-the-art, cogeneration unit was installed, which boosts the site’s sustainability by recovering more energy from the facility.
“This is an example of what is good for the environment can be good business too. Similar to the recent cogeneration unit upgrade at our Borger, Texas facility, this installation is an example of sustainability in action. It deepens our ties with the community by supplying power and heat to the local district. We will continue to focus on “win-win” capital investments and strive to be a positive force in driving long-term sustainability,” said Corning Painter, chief executive officer of Orion Engineered Carbons.
This new cogeneration unit also greatly improves reliability at the Qingdao facility. In addition to electricity generation, the unit will recover enough energy to provide heating to up to 5,000 homes in the district.23
