Northern U.S. Electric Utility to Leverage Cabot’s DARCO® Hg Family
of Mercury Control Products to Address Federal Regulations
BOSTON--(BUSINESS WIRE)--Feb. 24, 2014--
Cabot
Corporation (NYSE: CBT) announced that it has entered into a
contract to provide its DARCO®
Hg family of activated carbon products to a Northern U.S. power
generator. The contract is valued at up to $6 million and will allow the
utility to meet stringent federal regulations for mercury emissions in
the U.S.
The U.S. Environmental Protection Agency's (EPA) Mercury and Air Toxic
Standards (MATS) rule requires that all coal-fired power plants in the
U.S., larger than 25 megawatts, remove approximately 90 percent of
mercury from their emissions by April 2015. Compliance with this rule is
expected to boost demand for activated carbon by electric utilities.
Based on numerous Department of Energy and EPA sponsored tests and
customer trials, Cabot’s DARCO Hg family of powdered activated carbon
has proven to be a highly effective solution to achieve mercury removal
levels compliant with MATS.
Under this contract that is effective immediately and runs through 2017,
Cabot will supply DARCO Hg-LH and DARCO Hg-LH Extra powdered activated
carbon to satisfy 100 percent of the utility’s requirements across its
four boilers at three generating stations. Cabot is supplying the
utility with DARCO activated carbon for silo fills through early 2015,
and regular shipments of the product will begin in the spring of 2015 in
conjunction with the launch of the new MATS regulations.
Cabot’s DARCO Hg family of products for mercury control has currently
been selected for use in more than 70 units throughout the U.S. and
Canada. The utility chose Cabot due to the close proximity of its state
of the art production facility in Bienfait, Saskatchewan that allows
Cabot to provide quick availability and security of supply. In addition,
Cabot is the only activated carbon manufacturer with multiple
manufacturing sites dedicated to this market in North America, providing
customers with a consistent source of supply and supply chain
reliability.
“The impending implementation of the EPA’s new mercury removal standards
is expected to drive growth for activated carbon solutions as utilities
upgrade their coal-fired power plants to comply with the
regulations,” said Bart Kalkstein, vice president and general manager,
Global Emission Control Technologies, Cabot Purification Solutions. “We
are continuing to win contracts like this as mercury-emitting utilities
look to use activated carbon to meet these requirements and seek an
experienced and technically advanced partner as their supplier.
Moreover, our robust supply chain and secure source of supply will
ensure that we can fulfill our customers’ needs as market demand
increases – distinguishing us from the competition.”
Cabot Norit Activated Carbon is recognized as the world’s technology
leader in mercury removal from flue gas. Combined with Cabot’s technical
expertise, the DARCO Hg family of products can help customers achieve
the lowest total cost of mercury removal.
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, cesium
formate drilling fluids, 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
Vanessa Craigie, 617-342-6015
Corporate Communications
vanessa.craigie@cabotcorp.com
or
Hilary
Banda, 617-342-6264
Marketing Communications
hilary.banda@cabotcorp.com
