Cabot Corporation Announces Agreement with the U.S. Environmental Protection Agency
“Cabot has a long history of leadership in the carbon black industry.
Consistent with this, we have been working proactively with the USEPA to
implement advanced emissions reduction technologies,” said
As a part of the settlement, Cabot has committed to install advanced
control technology and continuous emission monitoring systems. The
control technologies will be installed and commissioned over a six and a
half year time period at a cost of approximately
Although Cabot has not acknowledged any noncompliance, under the
settlement agreement the company has agreed to a civil penalty payment
of
“This investment in advanced emission control technologies demonstrates our commitment to remaining a reliable, long-term partner for our U.S. customers,” said Dave Miller, president, Reinforcement Materials Segment. “Significant investment in new tire production capacity in the U.S. is taking place over the next several years. With this settlement in place, we can now confidently move forward in planning to support this growth.”
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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.
Source:
Cabot Corporation
Vanessa Craigie, 617-342-6015
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Erica McLaughlin, 617-342-6090
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