Ingevity to increase carbon activation capacity in Covington, Virginia

NORTH CHARLESTON, S.C.–(BUSINESS WIRE)–$NGVT–Ingevity Corporation (NYSE: NGVT) today announced that it will expand
its carbon activation capacity at its Covington, Virginia, facility to
meet growing global demand for pelletized carbon products primarily for
use in gasoline vapor emission control systems in cars, trucks,
motorcycles and boats.

The expansion will feature new processing, activation, purification and
finishing equipment. Once completed, the facilityÔÇÖs total activation
capacity will increase by approximately 20 percent. Representing an
investment of $35-40 million, the project is expected to be operational
by the fall of 2019.

ÔÇ£We continue to invest in our Performance Materials segmentÔÇÖs production
and technical capabilities to meet our customersÔÇÖ requirements,ÔÇØ said
Michael Wilson, IngevityÔÇÖs president and CEO. ÔÇ£This project is within
our previously disclosed investment and cash flow guidance and the
organic growth opportunity in automotive applications continues to be
our highest capital allocation priority. This capital-efficient
expansion of our Covington plant is one of the key elements of our
strategy and multi-year capital investment plan for this segment, which
we began implementing in 2014 with the construction of a greenfield
carbon activation plant in Zhuhai, China.ÔÇØ

He added that the company is also currently constructing an activated
carbon extrusion facility in Changshu, China, which is expected to be
operational by this fall. In addition to the two carbon activation
plants in Covington and China, Ingevity has an activation facility in
Wickliffe, Kentucky, a ÔÇ£honeycombÔÇØ scrubber joint venture plant in
Waynesboro, Georgia, and extrusion facilities in Covington and Wujiang,
China.

ÔÇ£We are anticipating a substantial increase in global demand for our
world-leading activated carbon products and technologies driven by the
introduction of more stringent regulations for automotive gasoline vapor
emissions control in China, Europe and potentially other countries,ÔÇØ
said Ed Woodcock, executive vice president and president, Performance
Materials. ÔÇ£More stringent emission standards require more advanced
technology, which continues to increase the content of our activated
carbon products on a per vehicle basis.ÔÇØ

Ingevity has produced and sold activated carbon for more than a century,
including over 40 years in the automotive market. With over 900 million
units installed globally, they are the global leader in the automotive
application.

Ingevity: Purify, Protect and Enhance

Ingevity provides specialty chemicals and high-performance carbon
materials and technologies that purify, protect and enhance the world
around us. Through a team of talented and experienced people, Ingevity
develops, manufactures and brings to market products and processes that
help customers solve complex problems. These products are used in a
variety of demanding applications, including asphalt paving, oil
exploration and production, agrochemicals, adhesives, lubricants,
publication inks and automotive components that reduce gasoline vapor
emissions. Headquartered in North Charleston, South Carolina, Ingevity
operates from 25 locations around the world and employs approximately
1,600 people. The company is traded on the New York Stock Exchange
(NYSE: NGVT). For more information visit www.ingevity.com.

Contacts

Ingevity Corporation
Laura Woodcock, 843-746-8197
laura.woodcock@ingevity.com
or
Investors:
Dan
Gallagher, 843-740-2126
daniel.gallagher@ingevity.com