China Petroleum and Chemical Industry Federation Honors Cabot’s
Tianjin Carbon Black Facility
BOSTON--(BUSINESS WIRE)--Jul. 6, 2014--
Cabot
Corporation (NYSE:CBT) announced that it has been honored with the
top listing in the China Petroleum and Chemical Industry Federation’s
(CPCIF) 2013 “Energy Efficiency Frontrunner” benchmark company listing
for the carbon black manufacturing industry. Cabot is the first
multi-national company to take part in the ranking and be named as the
number one carbon black company in energy efficiency in China.
The benchmark ranking assesses comprehensive energy consumption per unit
of carbon black produced based on the China national standard. Although
2013 was the first time for Cabot to participate in the benchmark
ranking, Cabot Chemical (Tianjin) Co., Ltd was honored as the top
benchmark enterprise within the Chinese carbon black industry.
In the “12th Five-Year Plan for Energy Conservation and Emission
Reduction,” China’s State Council issued a plan assigning targets for
companies to “enhance management of energy consumption and energy
conservation, and conduct energy efficiency benchmarking.” Cabot
Chemical (Tianjin) Co., Ltd ranked at the top of the energy efficiency
frontrunner list of Chinese carbon black companies, which elevated the
energy efficiency benchmark of the China carbon black industry to an
international level. This helps boost industry standard upgrades, as
well as promote energy saving and emission reduction of the industry.
“As safety, health and environment are paramount to Cabot, we are
employing world class process technology to help increase the efficient
use of raw materials and reduce our reliance on fossil fuels,” says Jeff
Zhu, Cabot senior vice president, president of the Asia Pacific Region.
“We believe our strong commitment and investment to reduce our energy
consumption, coupled with our strong working relationship with
government regulators and neighboring communities, will enable us to
become a more sustainable manufacturer and an example for the Chinese
chemical industry.”
Cabot has invested heavily in its Tianjin operations to conserve energy
and resources, and to protect the environment. The investment in energy
centers at the Cabot Tianjin facility produces steam by combusting its
process tail gas and that steam is used to generate electricity for use
at the plant. As an example, the Cabot Tianjin site’s energy center
saves approximately 300 million kWh of energy output from a thermal
power plant, which is the equivalent of 92,000 tons of coal per year.
“Our Tianjin facility is the only integrated carbon black manufacturing
site in China to implement the most advanced, state-of-the-art
technology. The facility not only meets the national standard in China,
but is elevating the benchmark for the carbon black industry from both
an energy savings and emission reduction perspective,” said Shen Yi,
Cabot’s president of Greater China.
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
Cabot Corporation
Corporate Communications
Vanessa Craigie,
617-342-6015
or
Investor Relations
Erica McLaughlin,
617-342-6090
