Cabot Chosen for $50M Award Negotiation to Aid Battery Supply Chain
CBTCabot (CBT) ZACKS·2024-09-23 19:51

Cabot Corporation (CBT) recently announced that the U.S. Department of Energy's ("DOE") Office of Manufacturing and Energy Supply Chains has selected it for an award negotiation for up to $50 million. This award, which is part of the Bipartisan Infrastructure Law, will help Cabot develop a new manufacturing facility in the United States to make battery-grade carbon nanotubes (CNTs) and conductive additive dispersions on a commercial scale. These minerals are crucial to the domestic lithium-ion battery suppl ...