Cabot Corporation Plans $90 Million Enhancement at Ville Platte, Louisiana Plant
The facility manufactures carbon black, a key material that extends the life of tires and other rubber products. Construction of the project is expected to begin by the second quarter of 2021 and be completed in 2022. Cabot will begin filling the new permanent jobs earlier that year.
Natural gas reservoirs led Cabot to select Ville Platte for new manufacturing operations in 1943. Today, the company makes carbon black by converting byproduct stream from oil refineries into a solid granular form of carbon., according to Louisiana Economic Development. In a cohesive system, the new project will capture waste energy to create steam from an incineration process, remove impurities, and generate electricity to power site operations.
“We are proud to announce this investment in a state-of-the-art energy center for our Ville Platte facility, which will allow us to make clean power without generating any additional emissions,” Cabot Corporation Senior Vice President Bart Kalkstein said. “In addition to the jobs this new energy center project will create, we’re also looking forward to the tremendous sustainability benefits this project will enable, including reductions in sulfur dioxide, nitrogen oxides and indirect greenhouse gas emissions. We are proud to continue leading our industry in sustainability through our implementation of these world-class technologies.”
LED began discussing the potential project with Cabot in June 2018. To secure the project, the State of Louisiana offered the company a competitive incentive package that includes a $1 million performance-based grant, which will offset infrastructure costs, and a $500,000 Modernization Tax Credit, which will be provided in five annual installments. In addition, Cabot is expected to utilize the state’s Quality Jobs and Industrial Tax Exemption programs.
“Cabot has a proud history of manufacturing in Louisiana, having launched its Ville Platte operations 77 years ago to support our nation’s World War II effort,” Governor John Bel Edwards said. “Just last year, Cabot earned one of Louisiana’s Lantern Awards as a top manufacturer in our state. We’re encouraged by Cabot’s steps to continue that great legacy by enhancing its efficiency, improving its environmental performance and modernizing its operations in Evangeline Parish.”
“Cabot’s investment shows that South Louisiana is a tremendous place for global businesses to invest, grow and create jobs,” said President and CEO of One Acadiana Troy Wayman. “We could not be prouder to help secure this opportunity for such an innovative leader in the manufacturing sector. One Acadiana is delighted to join our partners in celebrating Cabot’s continued investment in Evangeline Parish.”
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