Cabot Corporation Selected for Award Negotiation for $50 Million from the U.S. Department of Energy to Support Domestic Battery Supply Chain
Cabot Corporation (CBT)
Last cabot corporation earnings: 2/3 04:16 pm
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Source: Business Wire
First-Ever Commercial-Scale Carbon Nanotube and Conductive Additive Dispersions Facility in the U.S. for Batteries BOSTON--(BUSINESS WIRE)--Cabot Corporation (NYSE: CBT), a global specialty chemicals and performance materials company, announced it has been selected for an award negotiation of up to $50 million by the U.S. Department of Energy’s (DOE) Office of Manufacturing and Energy Supply Chains. This grant, part of the Bipartisan Infrastructure Law, will support Cabot’s development of a new U.S.-based manufacturing facility to produce battery-grade carbon nanotubes (CNTs) and conductive additive dispersions at commercial scale. These materials are critical to the domestic lithium-ion battery supply chain for electric vehicles (EVs) and the electrical grid, helping to reduce reliance on imports. The DOE grant will cover nearly 30 percent of the total projected $181 million investment required for the project.Cabot plans to revitalize, retrofit, and restore a former automotive si
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News
- Cabot Corporation Selected for Award Negotiation for $50 Million from the U.S. Department of Energy to Support Domestic Battery Supply Chain [Yahoo! Finance]Yahoo! Finance
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CBT
Earnings
- 8/5/24 - Beat
CBT
Sec Filings
- 9/17/24 - Form 4
- 9/17/24 - Form 4
- 9/17/24 - Form 4
- CBT's page on the SEC website