Cabot Corporation Joins U.S. Department of Energy’s Better Plants Program
09 Agosto 2023 - 10:00AM
Business Wire
Cabot Expects to Benefit from Industry Best
Practices to Further Advance its Energy Efficiency Performance
Cabot Corporation (NYSE: CBT) today announced its partnership
with the U.S. Department of Energy’s (DOE’s) Better Plants program.
The program is a national, voluntary partnership that aims to drive
significant improvement in energy efficiency across the U.S.
industrial sector. Cabot expects this collaboration with the DOE
and any enhanced opportunity to learn from industry best practices
will help Cabot further advance its energy efficiency performance
as it progresses toward its ambition of achieving net zero
emissions by 2050.
All of Cabot's current U.S.-based manufacturing sites are part
of the program. The Better Plants program currently has more than
280 partners representing every major U.S. industrial sector and
includes more than 3,600 facilities across the U.S. Through the
initiative, partners share proven energy-efficiency strategies and
best practices. Cabot anticipates being able to apply lessons
learned from the partnership to help advance its energy efficiency
improvement activities in the U.S.
“As a leader in our industry, we are working hard to do our part
in supporting the transition toward a lower carbon future,” said
Martin O’Neill, senior vice president and chief sustainability
officer, Cabot Corporation. “While we have made significant
progress in our sustainability agenda, the journey to net zero
requires action, innovation and collaboration with organizations
such as DOE. We believe that joining the DOE’s Better Plants
program will help us continue to identify and implement new
strategies and best practices that will allow us to continue to
make progress on improving our energy efficiency.”
The Better Plants program works with leading U.S. manufacturers
to set ambitious environmental goals and commit to reducing energy
intensity by 25% over a 10-year period across all U.S. operations.
By partnering with industry, the Better Plants program aims to help
leading manufacturers boost efficiency, increase resilience,
strengthen economic competitiveness and reduce their carbon
footprint through improvements in energy efficiency.
“Cabot's commitment to improving its energy productivity by 25%
over 10 years establishes the company as a leader in efficiency and
helps strengthen the nation’s manufacturing competitiveness,” said
Dr. Steve McKnight, interim acting director, Advanced Manufacturing
& Industrial Decarbonization Offices, U.S. Department of
Energy.
Energy recovery and energy efficiency are two critical focus
areas of Cabot’s sustainability agenda. The company has recently
reached an important milestone in its sustainability journey by
exceeding its 2025 global sustainability goal of exporting 200% of
the energy it imports. This accomplishment is the outcome of Cabot
investing in energy recovery systems at several of its sites that
help improve the energy efficiency of its plants and aid in
lowering the net emissions of neighboring businesses and
communities.
For more information about Cabot’s sustainability journey and
its aspirations for the future, visit cabotcorp.com/sustainability.
Additionally, for more information about the Better Plants program,
visit the U.S. Department of Energy.
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 reinforcing
carbons, specialty carbons, battery materials, engineered elastomer
composites, inkjet colorants, masterbatches and conductive
compounds, fumed metal oxides and aerogel. For more information on
Cabot, please visit the company’s website at 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, including
statements concerning the benefits Cabot expects from its
participation in the Better Plants program and Cabot achieving net
zero emissions by 2050, 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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version on businesswire.com: https://www.businesswire.com/news/home/20230809297803/en/
Emily Moran Corporate Communications emily.moran@cabotcorp.com
(617) 460-4517 Steve Delahunt Investor Relations
steve.delahunt@cabotcorp.com (617) 342-6255
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