CBT News & Events

Cabot Corporation announced the availability to produce in Asia Pacific its circular reinforcing carbons powered by its EVOLVE Sustainable Solutions technology platform. As such, Cabot's manufacturing facilities in Cilegon, Indonesia and Tianjin, China have successfully validated their ability to produce circular reinforcing carbons. These products use tire pyrolysis oil derived from end-of-life tires and leverage an International Sustainability & Carbon Certification, ISCC, PLUS mass balance approach. With this milestone, Cabot now has circular reinforcing carbon production capability across all major regions including Asia, Europe and the Americas, further accelerating tire circularity and sustainability worldwide.

Reports Q1 revenue $849M, consensus $888.12M. Sean Keohane, Cabot president and CEO commented: "I am pleased that despite a challenging demand environment, we continued to execute well and delivered Adjusted EPS of $1.53 in the quarter, down 13% year-over-year. Performance Chemicals segment EBIT increased 7% year-over-year supported by continued momentum in our Battery Materials product line. Reinforcement Materials segment EBIT declined 22% year-over-year, primarily due to lower volumes in the Americas and Asia Pacific."