Cabot Corporation Comments on the Mercury and Air Toxics Standards Regulation Court Ruling
“We are pleased with the result of this ruling,” said
“Once all coal-fired utilities are in compliance with MATS, we expect
the industry will use 300 to 350 million pounds of activated carbon per
year to reduce mercury emissions,”
The MATS regulation requires that coal-fired power plants in the U.S.
remove approximately 90 percent of mercury from their emissions. Cabot’s DARCO®
Hg family of products for mercury control has currently been
selected for use in over 90 units throughout
Commenting on the outlook for the Company, Executive Vice President and
Chief Financial Officer
ABOUT
ABOUT CABOT NORIT ACTIVATED CARBON
Cabot Norit Activated
Carbon is a global leader in the research, development, manufacturing
and sale of high-grade activated carbon used in a growing range of
environmental, health, safety and industrial applications. Our activated
carbon products effectively remove pollutants, contaminants and other
impurities from water, air, food and beverages, pharmaceuticals and
more. These products are also used as colorants, carriers and catalysts
in industrial processes. In addition to our over 150 activated carbon
formulations, we also provide activated carbon solutions through on-site
equipment and services, including activated carbon injection systems,
mobile water filter units and carbon reactivation services.
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, including statements related to expectations for growth in sales of our activated carbon products and our expectations for adjusted earnings in fiscal 2016, 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.
View source version on businesswire.com: http://www.businesswire.com/news/home/20151215006833/en/
Source:
Cabot Corporation
Investor Contact:
Erica
McLaughlin, 617-342-6090
or
Media Contact:
Vanessa
Craigie, 617-342-6015