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Finance

Cabot reorganizes activated carbon business

by Alexander H. Tullo
October 9, 2020 | APPEARED IN VOLUME 98, ISSUE 39

 

Cabot has signed a contract to obtain lignite-based activated carbon from ADA Carbon Solutions. As part of the agreement, Cabot is selling its lignite mine in Marshall, Texas, to ADA , which will shut it down. Cabot will also idle activated-carbon kilns at the site. Lignite-based activated carbon is used to remove mercury from coal-fired power plant emissions. Cabot built up the business anticipating high demand for these products, but the full market didn’t materialize.

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