10:26 AM EST, 02/04/2025 (MT Newswires) -- Orion (OEC) said Tuesday it entered into a multi-year supply agreement with Poland-based tire pyrolysis oil provider Contec.

Contec will supply tire pyrolysis oil to Orion in order to produce circular carbon black for tire and rubber goods customers, the specialty chemicals company said.

The deal supports Orion's large-scale production of circular carbon black materials amid growing demand for the feedstock from major tire and rubber goods producers, Orion said.

Financial terms weren't disclosed.

Shares of the company were up 2% in recent trading.

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