Cabot selected for $50M award negotiation by DOE

Cabot announced it has been selected for an award negotiation of up to $50M by the U.S. Department of Energy’s, or DOE, Office of Manufacturing and Energy Supply Chains. This grant, part of the Bipartisan Infrastructure Law, will support Cabot’s development of a new U.S.-based manufacturing facility to produce battery-grade carbon nanotubes and conductive additive dispersions at commercial scale. These materials are critical to the domestic lithium-ion battery supply chain for electric vehicles and the electrical grid, helping to reduce reliance on imports. The DOE grant will cover nearly 30% of the total projected $181M investment required for the project.