Orion Inks Agreement With Contec S.A. for Supply of TPO

Group 1 - Orion S.A. has entered into a long-term supply agreement with Contec S.A. to obtain tire pyrolysis oil (TPO) for producing circular carbon black, diversifying its TPO sources [1] - The TPO-based manufacturing process utilizes circular technology to convert discarded tires into feedstock for producing virgin carbon black, establishing Orion as the only company to produce circular carbon black from 100% TPO [2] - The ConPyro TPO supplied by Contec will enable Orion to produce large-scale volumes of circular carbon black to meet the increasing demand from leading tire and rubber goods manufacturers [3] Group 2 - Orion's stock has decreased by 40.9% over the past year, in contrast to a 16.1% decline in the industry [3] - Orion currently holds a Zacks Rank of 5 (Strong Sell), while competitors like Ingevity Corporation, Carpenter Technology Corporation, and Methanex Corp. have better rankings [4] - Ingevity's earnings estimate for the current year is $2.75 per share, with a 3$6.83 per share, with a significant stock increase of 205.5% in the past year [6] - Methanex's earnings estimate stands at $4.02 per share, with a stock gain of 16.2% over the past year [7]