Cabot Tops 2013 “Energy Efficiency Frontrunner” Benchmark Company Listing
China Petroleum and Chemical Industry Federation Honors Cabot’s Tianjin Carbon Black Facility
BOSTON--(BUSINESS WIRE)--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.
“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.”
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.