Under a freshly signed Memorandum of Understanding (MOU), Cabot Corporation will work with IFF Health and Biosciences, a leader in world-class bio-science and engineering, to develop and commercialise sustainable reinforcing additives for rubber products. The partners will exclusively work together to accelerate the advancement of solutions that reduce greenhouse gas emissions and increase the amount of renewable bio-based content in rubber products.
Cabot Corporation has aligned its sustainability agenda with the Paris Climate Agreement to achieve net zero emissions by 2050. Announcing its commitment to the agreement today, Cabot says this decision demonstrates its “ongoing commitment to protect the planet and further the company’s robust sustainability journey.”
Cabot Corporation has agreed to buy Tokai Carbon (Tianjin) Co. Ltd. from Tokai Carbon Group for US$9 million. The carbon black manufacturing facility was commissioned in 2006 and is located in close proximity to Cabot’s current carbon black and speciality compounds facility in Tianjin, China. Cabot will run the plant and intends to continue to supply current customers while conducting technology upgrades. The transaction is expected to close in the second quarter of 2022.
Upstream suppliers to the tyre manufacturing industry Nynas, Cabot and Evonik have received some of the top ratings in the 2021 EcoVadis auditing process. Specifically, these three firms all ranked in the top 1 per cent of their peers, earning platinum status. Meanwhile, carbon black supplier Birla Carbon received the EcoVadis’ gold accreditation.
Cabot Corporation is planning to invest US $90 million in upgrading its Ville Platte, Louisiana carbon black factory. According to various US news sources, the project will capture waste energy to create steam from an incineration process, remove impurities and generate electricity to power site operations. Cabot is expected to create 15 new jobs in addition to the existing workforce of 90 at the site as a result of the investment.
On 6 January 2020, Cabot China Limited, a wholly owned subsidiary of Cabot Corporation agreed to buy Shenzhen Sanshun Nano New Materials Co., Ltd, a leading carbon nanotube (CNT) producer in China. The $115 million pricetag reportedly includes “liabilities and contingent payments”. According to the company, the move is designed to strengthen Cabot’s position in the high-growth batteries market, particularly in China, which is the largest and fastest growing electric vehicle market in the world.
On 25 November, Cabot Corporation’s Ville Platte, Louisiana carbon black manufacturing facility celebrated 75 years in operation. Established in 1943, Cabot Ville Platte is the oldest plant in Cabot’s network, and today operates four manufacturing units that produce 11 different grades of carbon black, primarily sold to customers throughout North America for rubber reinforcement applications.
On 1 October Cabot Corporation acquired NSCC Carbon (Jiangsu) Co., Ltd. from Nippon Steel Carbon Co., Ltd., a subsidiary of Nippon Steel Chemical & Material Co., Ltd. The carbon black manufacturing facility in Pizhou, Jiangsu Province, China, was originally commissioned in 2015. The purchase price and certain equipment and technology upgrades are expected to result in spending of approximately $50 million over the next two years.
Effective 1 June 2018, Cabot Corporation is increasing prices for carbon black products sold by its Reinforcement Materials segment in North America. All Vulcan, Sterling, Regal, Spheron and Propel carbon black products will increase by $0.045/lb except for Vulcan XC-72, Vulcan XC-72 R and Sterling C carbon blacks. In addition, prices will increase by 4 per cent for Black Pearls, Monarch, CRX, Vulcan XC-72, Vulcan XC-72 R and Sterling C carbon black products.
Cabot Corporation has announced that Eduardo Cordeiro, executive vice president, chief financial officer (CFO) and president of the Americas Region, will retire from Cabot at the end of 2018. He steps down from these roles effective 15 May 2018 at which time Erica McLaughlin, the company’s vice president of business operations for Cabot’s Reinforcement Materials segment and general manager of the tyre business, will become senior vice president and CFO. Cordeiro will remain with Cabot in an advisory capacity through the end of the year to assist in a smooth transition.
Cabot Corporation has completed two expansion projects extending its global footprint in black masterbatch and compounds and increase manufacturing capacity. The expansion has been achieved via an acquisition and the addition of capacity in Belgium.
Effective June 12, 2017, speciality chemicals supplier Cabot said it will increase prices on all carbon black products in its reinforcement materials segment sold in Europe, the Middle East and Africa (EMEA).
Top listing in the China Petroleum and Chemical Industry Federation’s 2013 ‘Energy Efficiency Frontrunner’ rating for the carbon black manufacturing sector has gone to Cabot Corporation. Local operation Cabot Chemical (Tianjin) Co., Ltd participated in the benchmark ranking for the first time in 2013 and was named the leading carbon black company in China in terms of energy efficiency. Cabot is the first multinational company to take part in the ranking.
Cabot Corporation has launched two new carbon black products for tyre tread applications. According to the company, Propel E7 carbon black is engineered to reduce tyre rolling resistance and improve vehicle fuel economy. Propel D11 carbon black is designed to provide a high level of tread durability and is purposed for use in both short-haul truck and off-the-road vehicle tyres. Cabot has been showcasing the new products at Tire Technology Expo 2014 in Cologne, Germany.