Cabot Corporation and joint venture partner Risun Chemicals Company have broken ground on its new carbon black manufacturing facility in Xingtai, China.
The project is scheduled to be completed in mid-2013 and will further solidify Cabot’s position as the world’s leading producer of carbon black.
Cabot and Risun are investing approximately US$140M in the facility, with Cabot owning a 60% equity interest. In this mutually beneficial relationship, Cabot brings technology advancements and a strong leadership position in rapidly growing China while Risun provides the feedstock and energy integration capabilities with its current operations.
The material is used in many automotive parts, including adhesives and sealants, battery materials and coatings.