Orion Engineered Carbons S.A. (NYSE: OEC) (the “Company“ or “Orion”), a
worldwide supplier of specialty and high-performance Carbon Black, today
announced the Company is adopting the Platts North West Europe 1% Sulfur
fuel oil index (FO 1%S FOB NWE) for contract pricing in Europe replacing
the 1% Sulfur Rotterdam fuel oil index (FO 1%S FOB ROT) in Europe as of
July 1st 2019. The 1% Sulfur Rotterdam fuel oil index is no longer
functional, does not trade forward and does not track other 1% indices
anymore. FO 1%S FOB NWE is currently functioning and therefore is the
appropriate index at this time. Orion exclusively uses low Sulfur carbon
black oil (CBO) grades in Europe.
“Orion values our European customers and strives to work with them in a
highly transparent way,” said Erik Thiry, Senior Vice President Rubber
Carbon Black. “Orion will continue to closely monitor CBO market changes
with the upcoming IMO Marpol 2020 regulations. We will keep our
customers updated if further required changes are needed due to changes
in feedstock markets. We look forward to growing our customer
relationships with the reliable supply of value-added carbon blacks.”
About Orion Engineered Carbons S.A.
Orion is a worldwide supplier of Carbon Black. Orion group produces a
broad range of Carbon Blacks that include 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, tires, and mechanical rubber goods such
as automotive belts and hoses. Orion runs 14 global production sites.
The group has approximately 1,450 employees worldwide. For more
information please visit the Orion website www.orioncarbons.com.
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