Cabot Corporation Comments on Supreme Court’s Ruling on Mercury and Air Toxics Standards Regulation for Coal-Fired Utility Plants
“We are, of course, disappointed with the result of this ruling which
will cause a delay in the control of mercury and other hazardous air
pollutants which is critical to public health and the environment,” said
The toxicity and persistence of mercury in emissions from coal-fired
power plants have caused environmental agencies in numerous states and
The future of the MATS regulation, and the effect this ruling will have
on our Purification Solutions segment, will depend on a variety of
factors, including the future rulings of the
The Purification Solutions segment represents approximately 10 percent of Cabot Corporation’s revenue and EBITDA. The segment provides activated carbon for the purification of air, water and food, and supplies many industry and consumer sectors beyond the U.S. coal-fired utility industry. We will continue to focus on these growth markets and regions within the Purification Solutions segment and will manage our cost structure and capital plans appropriately.
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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.
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Cabot Corporation
Vanessa Craigie, 617-342-6015
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