Major global supplier of carbon black urges Europe to rethink carbon pricing rules that it says risk shifting emissions and jobs to Asia
HOUSTON — Orion, a specialty chemicals company and major global supplier of carbon black, has used its 2025 Sustainability Report to warn that current European Union climate policy risks displacing industrial emissions — and jobs — to Asia rather than cutting them globally.
The newly-published report centres on a CEO letter by Corning Painter that challenges the design of the EU Emissions Trading System (EU ETS) — the world's first major carbon market, now in its fourth trading phase.
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