Cabot Corporation

Cabot Corporation is an American specialty chemicals and performance materials company headquartered in Boston, Massachusetts. The company operates in over 20 countries with 36 manufacturing plants, eight research and development facilities, and 28 sales offices.[3]

History

Cabot Corporation was founded by Godfrey Lowell Cabot in 1882 when he applied for a patent for a "carbon black making apparatus". The company incorporated in the state of Delaware in 1960.[4]In 1993, a team of Cabot researchers developed a process for modifying the surface of carbon, allowing chemists and researchers to prepare surface modified carbon black products with properties never before associated with carbon materials.[5] This breakthrough led to the development of new technologies and products including aqueous inkjet colorants,[6] for printer ink

Safety, health and environmental

Safety record

The company has reduced total recordable injuries by over 25% in the last five years.[11] However, the company experienced two fatalities in 2011. The severity of incidents has caused the company to look at all aspects of workplace safety.[12]

Environmental record

Sam Bodman, CEO of Cabot during the coltan boom, was appointed in December 2004 to serve as President Bush’s Secretary of Energy. Under Bodman’s leadership from 1987 to 2000, according to Jason Leopold, Cabot was one of the U.S.’s largest polluters, accounting for 60,000 tons of airborne toxic emissions annually.[13]

Cabot reduced its Environmental Non-Conformance events (ENCs), from a high of over 80 incidents in 2008, to 17 in FY 2012.[14] The company defines an environmental non-conformance event as a reportable spill or release, a Notice of Violation, a public complaint or certain permit deviations.

The company invested over $35 million in FY 2011 on environmentally-related capital projects to improve efficiency and maintain regulatory compliance. The company’s goal is a 20% reduction in greenhouse gas emission intensity by 2020, using 2005 as the baseline year. One example of greenhouse gas reduction is a heat recovery advancement project to convert exhaust heat to steam at the company’s fumed metal oxides plant in Rheinfelden, Germany. The steam produced is used in the plant if needed or sold to a neighboring company. The project has the potential to reduce GHG emissions by 1,400 MTs each year.[15]

Responsible care

In 2010 Cabot joined the American Chemistry Council,[16] and as such is obliged to implement the Council’s Responsible Care program as part of a global initiative.[17] Cabot is implementing RC 14001, which incorporates the requirements of both the ACC Responsible Care and the ISO 14001 Management Systems, for all its manufacturing facilities, beginning with those in North America.[18]

Sustainability

Cabot’s 2010/2011 sustainability report, titled "Sustainability Matters: Cabot Corporation’s 2010/2011 Sustainability Report", met all the informational requirements to receive an Application Level C certification from the Global Reporting Initiatives. Cabot’s adherence to GRI reporting standards affirms its commitment to more transparent and thorough reporting.[19]

type	Public
traded as	nyse: CBT S&P 400 component
industry	Chemicals
foundation	1882
founder	Godfrey Lowell Cabot
location	Boston, Massachusetts, US
products	Activated carbon, aerogel, cesium formate, elastomer composites, masterbatches, rubber carbon black, graphene, inks and inkjet colorants, silicas, and aluminas
revenue	US$3.2 billion (2018)‡R1R‡
assets	US$3.2 billion (2018)
net income	US$113 million (2018)
key people	Sean D. Keohane, CEO
num employees	4,500‡R2R‡
website	cabotcorp.com

History

Safety, health and environmental

Safety record

Environmental record

Responsible care

Sustainability

Awards

Board of directors

Cabot Foundation

See also

External links

References