Orion Engineered Carbons Commissions New Air Emissions Controls at U.S. Facility

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 successfully completed a significant upgrade of its emissions controls at its plant in Orange, Texas. As a result of these actions, the site complies with strengthened environmental standards which reduce the site’s emission permits for NOx and SO2 by 2,300 metric tons of air pollutant emissions per year.

 

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Canadian Carbon Resource Recovery’s Binding Injunction Order Against ReOil Sp. z o.o

VANCOUVER, British Columbia, June 23, 2020 (GLOBE NEWSWIRE) — Klean Industries Inc (“Klean”) is pleased to announce that its wholly owned subsidiary Carbon Resources Recovery GmbH (“CRR”) located in Berlin, Germany has won a Final and Binding Injunction against ReOil Sp. z o.o.

The Binding Injunction Order prohibits ReOil from conducting any commercial transactions, from disclosing, offering and / or bringing to the market any of CRR’s confidential know-how and technical information on thermal treatment of used tyres by pyrolysis consisting of a device using a rotary kiln without CRR´s consent or from carrying out such actions through third parties.

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Cabot Completes Placement of Air Emission Control Equipment

Cabot Corporation CBT recently announced a significant achievement in its project at Franklin, LA site in the United States. Management stated that the company received all its major emission control equipment and positioned the same for completion on site as of Jun 2020.

Notably, Cabot is the first carbon black manufacturer to partner with the U.S. Environmental Protection Agency (EPA) in conjunction with the national enforcement initiative of EPA to control air emissions from carbon black producing facilities.

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Orion breaks ground at Cologne logistics center

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Orion Engineered Carbons has broken ground for a logistics center at its manufacturing plant in Cologne, Germany.

The warehouse for the supplier of carbon black, which is used for various rubber products including tires, will cover 8,850 m2  and have the capacity for 12,400 pallets.

Built by construction company Goldbeck, the building will have eight truck docks, and about 100 trucks will pass through the gates every day.

Read the source article at Tire Technology International

Orion reports sharp declines in rubber black sales

Houston, Texas – Orion Engineered Carbons has posted decreases in first quarter rubber black sales and volumes and expects a larger Covid-19 impact on the segment in the second quarter.

Rubber carbon black volumes decreased by 11%, year on year to 177 kilotonnes, over the three months to end of March, due to “a sharp decline” in sales as tire and auto manufacturers idled plants from mid-March.

Read the source article at European Rubber Journal

Orion Engineered Carbons S.A. Announces First Quarter 2020 Financial Results

HOUSTON–(BUSINESS WIRE)–Orion Engineered Carbons S.A. (NYSE: OEC), a global supplier of specialty and high-performance carbon black, today announced its first quarter 2020 financial results.

First Quarter 2020 Highlights

  • Rapidly implemented business continuity plan and took actions to protect our employees and our production capability, support our customers, ensure supply chain stability and enhance our financial standing
  • Enhanced financial flexibility by suspending dividend and bolstering cash position
  • Net sales of $336.0 million compared to $384.7 million in the first quarter of 2019
  • Net Income of $18.0 million and basic EPS of $0.30 compared to $19.0 million and $0.32 in the first quarter of 2019
  • Adjusted EBITDA1 of $63.8 million compared to $64.6 million in the first quarter of 2019
  • Adjusted Net Income of $26.6 million and Adjusted EPS1 of $0.44 compared to $23.8 million and $0.40 in the first quarter of 2019
  • Leverage ratio of 2.49x LTM Adjusted EBITDA compared to 2.28x at year-end 2019

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Tokai Carbon raises carbon black price

Tokai Carbon has raised prices across all grades of carbon black effective 1 May 2020 by 6 yen a kilogram. According to the company, the price increase is because “Due to the impact of tighter regulations on bunker fuel oil sulphur content by international Marine Organization (IMO), the index used in previous price revisions can no longer be used.

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Cabot cuts rubber-blacks production in Europe

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Boston, Massachusetts – Cabot Corp. has reduced rubber-black volumes in Europe in response to soft market conditions and “aggressive pricing,” the company has informed ERJ.

“We opted not to pursue certain contracts [in Europe] due to the pricing structure, meaning we do not have to manufacture for those contracts,” Cabot explained in a 19 Feb written statement.

Read the source article at European Rubber Journal

Cabot Corp (CBT) Q1 2020 Earnings Call Transcript

CBT earnings call for the period ending December 31, 2019. Feb 4, 2020 at 7:00PM …

Steve Delahunt — Vice President of Treasury and Investor Relations

Thank you, and good afternoon. I’d like to welcome you to the Cabot Corporation earnings teleconference. With me today are Sean Keohane, CEO and President; and Erica McLaughlin, Senior Vice President and CFO.

Last night, we released results for our first quarter of fiscal year 2020, copies of which are posted in the Investor Relations section of our website. 

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Cabot starts first phase of $100m Indonesian expansion

Boston, Massachusetts – Cabot Corp. has broken ground on an expansion project at its carbon black manufacturing plant in Cilegon, Indonesia, the company announced 21 Nov.

The phase 1 of the project will add 80 kilotonnes per annum (ktpa) of capacity at the site, which produces rubber black grades within Cabot’s reinforcement business.

The product, said Cabot in a written statement to ERJ, is primarily used for tire applications.

Read the source article at European Rubber Journal