Cabot Corporation Announces Acquisition of Solar Farm in Chiba, Japan
Investment in renewable energy supply furthers company’s sustainability agenda
While many companies are working hard simply to reduce the amount of electricity they import, one of Cabot’s 2025 global sustainability goals is to export twice the amount of energy that it imports. To help achieve this goal, Cabot recovers, uses and exports energy from its manufacturing processes to reduce its own emissions as well as reduce the net emissions of nearby businesses and communities and aid in the global transition to a lower carbon future. To further its efforts, Cabot looks to incorporate renewable energy sources into its network. With the acquisition of the
To work towards achieving this goal and continue to make improvements to the environment, Cabot has also invested in energy recovery systems across its network that reduce greenhouse gas emissions from its own production processes and aid in lowering the net emissions of neighboring businesses and communities. These investments include energy centers that produce power by converting recovered heat into useful energy, promoting circularity in its processes. By utilizing energy co-generation such as this, Cabot’s energy centers located in
“Over the years we have incorporated a number of initiatives to reduce our energy consumption and harness energy from our processes by installing energy centers to produce power without creating any additional emissions. As we pursue a net zero future we will need to continue to expand and diversify energy sources,” said
Cabot continues to demonstrate its ongoing commitment to protect the planet and further the company’s sustainability journey with an ambition to achieve net zero emissions by 2050 globally. The company has earned several accolades for its sustainability performance including a platinum rating from
For more information about Cabot’s sustainability agenda, visit cabotcorp.com/sustainability.
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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