Permits Signify Final Step in Enabling Significant Expansion of
Capacity for Mercury Removal for the Coal-Fired Utility Market
BOSTON--(BUSINESS WIRE)--Mar. 19, 2013--
Cabot
Corporation (NYSE: CBT) announces that Cabot Norit Activated Carbon
has received operating permits for its new mine near Marshall, Texas. As
part of Cabot’s strategic plan to meet the anticipated quadrupling of
demand for activated carbon for use in the coal-fired utility market,
this investment is expected to begin production in 2014 and produce
lignite for approximately 50 years. Securing this long-term raw material
source enables Cabot to deliver unmatched supply assurance and
consistent product performance.
Across the U.S., many states are implementing regulations and standards
to reduce mercury emissions as they can create health issues such as
mercury contamination of consumable fish and wildlife. In addition, the
Environmental Protection Agency (EPA) has proposed federal mercury
emission levels in the Mercury and Air Toxics Standard that are
scheduled to take effect April 2015. In order to meet these
requirements, many coal-fired utility companies will use activated
carbon to reduce mercury emissions by up to 90 percent.
As a leading supplier of activated carbon, Cabot is well positioned to
be a strategic partner to coal-fired power plant owners and operators in
mercury emission control today and in the future. To support this
leadership position, and in addition to these operating permits for the
new mine, Cabot has also secured permits and developed plans for seven
new manufacturing lines in North America that give Cabot the ability to
significantly increase current production capacity of their mercury
control products. Utilizing the latest construction management
techniques, each new line can be installed in a modular fashion in less
than one year in order to support supply contracts as demand develops.
In preparation for the new mine, Cabot has purchased and relocated a
dragline to the new mine site.
“The new mine and dragline represent Cabot’s commitment to support and
extend our market leadership position in the mercury emission control
market,” said Bart Kalkstein, vice president and general manager, Global
Emission Control Solutions. “As demand accelerates, having access to a
long-term raw material supply is critical for our support of our
customers. The new mine will help ensure that we have an uninterrupted
supply of lignite well into the future and can meet the quadrupling of
market demand.”
About Cabot Corporation
Cabot Corporation (NYSE: CBT) is a global specialty chemicals and
performance materials company, headquartered in Boston, Massachusetts.
The company is a leading provider of rubber
and specialty
carbons, activated
carbon, inkjet
colorants and cesium
formate drilling fluids and has market-leading positions in fumed
silica, aerogel,
and elastomer
composites. For more information on Cabot, please visit the
company’s website at: http://www.cabotcorp.com.
Safe Harbor Statement under the Private Securities Litigation Reform Act
of 1995: Statements in the press release regarding Cabot’s business that
are not historical facts are forward looking statements that involve
risks and uncertainties. For a discussion of such risks and
uncertainties, which could cause actual results to differ from those
contained in the forward looking statements, see “Risk Factors” in the
Company’s Annual Report on Form 10-K.
Source: Cabot Corporation
Cabot Corporation
Vanessa Craigie, 617-342-6015
Corporate
Communications
vanessa.craigie@cabotcorp.com
or
Mark
McCormick, 800-641-9245
Marketing Manager
mark.mccormick@cabotcorp.com
