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Orion S.A. signs supply agreement for tire pyrolysis oil with Contec S.A.

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Published

January 27 2025

Updated

February 05 2025

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OEC, a global specialty chemicals company, announced today it has signed a long-term supply agreement with Contec S.A., which will provide Orion tire pyrolysis oil to produce circular carbon black for tire and rubber goods customers.

The agreement with Warsaw, Poland-based Contec further enables Orion to diversify its sources of tire pyrolysis oil, commonly known as TPO.

“With the ConPyro® TPO supplied by Contec, Orion will be able to make large-scale volumes of circular grades of carbon black that will supply growing demand from the world’s leading tire and rubber goods producers,” Orion CEO Corning Painter said. “This is yet another way that Orion is accelerating the transition to a circular economy.”

TPO-based manufacturing is the only circular technology that is moving into industrial production to produce high-quality active carbon black. The process takes discarded end-of-life tires and exposes them to high temperatures to produce a feedstock Orion can convert into virgin carbon black.

Orion is the only company that has made circular carbon black from 100% TPO as a feedstock. The company has also demonstrated that its circular products can replace virgin carbon black in many applications.

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The user WaneInvestmentHouse holds no position in NYSE:OEC. Simply Wall St has no position in any of the companies mentioned. The author of this narrative is not affiliated with, nor authorised by Simply Wall St as a sub-authorised representative. This narrative is general in nature and explores scenarios and estimates created by the author. The narrative does not reflect the opinions of Simply Wall St, and the views expressed are the opinion of the author alone, acting on their own behalf. These scenarios are not indicative of the company's future performance and are exploratory in the ideas they cover. The fair value estimates are estimations only, and does not constitute a recommendation to buy or sell any stock, and they do not take account of your objectives, or your financial situation. Note that the author's analysis may not factor in the latest price-sensitive company announcements or qualitative material.

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