Cabot Corporation Achieves Operation Clean Sweep® Europe Certification

Rhea-AI Summary

Cabot (NYSE: CBT) has achieved Operation Clean Sweep (OCS) Europe certification at its masterbatch and compounding facilities in Pepinster and Loncin, Belgium. This certification underscores Cabot's commitment to sustainable plastic management, making it one of the first black masterbatch manufacturers in Europe to earn this recognition. The certification, advocated by industry associations Plastics Europe and the European Plastics Converters (EuPC), highlights Cabot's efforts to reduce plastic waste and prevent material spillage in the environment. Jeff Zhu, executive vice president, emphasized Cabot's proactive approach in minimizing plastic waste through stringent management practices. Since 2019, Cabot has supported OCS protocols, incorporating comprehensive plans for facility assessments, employee training, and continuous improvement in plastic management practices.

Positive

• Achieved OCS Europe certification at two facilities, enhancing credibility.
• Recognized as one of the first black masterbatch manufacturers in Europe to earn this certification.
• Demonstrates leadership in sustainable practices within the plastics industry.
• Proactive approach to minimize plastic waste through stringent management practices.
• Commitment to continuous improvement in responsible plastic management.

Negative

• No specific financial benefits or revenue impacts mentioned.
• Certification requirements may increase operational costs.
• Potential need for continuous investments in training and facility improvements.

Underscores company’s commitment to advancing responsible plastic management practices to enable a more sustainable future

BOSTON--(BUSINESS WIRE)-- Cabot Corporation (NYSE: CBT) today announced it has attained Operation Clean Sweep^® (OCS) Europe certification at its two masterbatch and compounding facilities in Pepinster and Loncin, Belgium. The company is one of the first black masterbatch manufacturers in Europe to earn this third-party certification. Achieving OCS Europe certification at these facilities is a testament to the company’s unwavering commitment to acting responsibly for the planet by implementing responsible management practices that reduce plastic waste in the environment.

“As a leading global black masterbatch manufacturer, we understand the role that Cabot plays in setting an example in the plastics supply chain to operate responsibly,” said Jeff Zhu, executive vice president and president, Carbon & Silica Technologies, Battery Materials and Asia Pacific Region. “At Cabot, we take a targeted, proactive approach to minimize plastic waste at our facilities through a hierarchy of management practices that also help prevent inadvertent spillage of materials used for our operations. By achieving OCS Europe certification, our customers have validation that we are committed to implementing and continuously improving our responsible plastic management practices as we progress in our sustainability journey to reduce our overall impact on the environment.”

The OCS Europe certification scheme is aimed at controlling and documenting the compliance of companies throughout the entire plastics supply chain with requirements to prevent pellets, powders and flakes from being released into the environment. As such, the requirements of this certification are developed based on the six pillars of OCS: improve worksite set-up to prevent and address spills, create internal procedures to achieve zero plastic material loss, provide employee training and accountability, auditing, legal compliance and raising awareness among value chain partners.

The certification scheme was initiated and advocated for by two prominent industry associations, Plastics Europe and the European Plastics Converters (EuPC), marking a significant step forward in the collective effort to minimize waste and pellet leakage into the environment. Cabot has played an instrumental role in this process, notably through its leadership within the European Masterbatches & Compounders Association (EuMC), a sector group of EuPC. Cabot has been at the forefront of advocating for and implementing the OCS certification scheme across Europe, demonstrating its dedication to advancing sustainable practices within the plastics industry.

Furthermore, since 2019, Cabot has pledged its support for OCS, an industry-led program that supports companies in their goal towards achieving zero plastic resin loss in operations. Cabot has also launched comprehensive plans to implement OCS protocols, including facility and equipment assessments to mitigate plastic pellet loss risks such as loading, transport, drainage and wastewater access points. Through training, continuous communication and incident reporting, Cabot cultivates a culture of awareness and responsibility among its employees.

For more information about how Cabot is enabling a more sustainable future, visit cabotcorp.com/sustainability.

ABOUT CABOT CORPORATION

Cabot Corporation (NYSE: CBT) is a global specialty chemicals and performance materials company headquartered in Boston, Massachusetts. The company is a leading provider of reinforcing carbons, specialty carbons, battery materials, engineered elastomer composites, inkjet colorants, masterbatches and conductive compounds, fumed metal oxides and aerogel. For more information on Cabot, please visit the company’s website at cabotcorp.com.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: Statements in the press release regarding Cabot's business that are not historical facts are forward looking statements that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward looking statements, see "Risk Factors" in the Company's Annual Report on Form 10-K.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240605177464/en/

Emily Moran

Corporate Communications

emily.moran@cabotcorp.com

(617) 460-4517



Steve Delahunt

Investor Relations

steve.delahunt@cabotcorp.com

(617) 342-6255

Source: Cabot Corporation

FAQ

What certification did Cabot achieve in Europe?

Cabot achieved the Operation Clean Sweep (OCS) Europe certification.

At which facilities did Cabot earn the OCS Europe certification?

Cabot earned the OCS Europe certification at its masterbatch and compounding facilities in Pepinster and Loncin, Belgium.

When did Cabot start supporting OCS protocols?

Cabot started supporting OCS protocols in 2019.

Why is the OCS Europe certification significant for Cabot ?

The OCS Europe certification is significant as it underscores Cabot's commitment to sustainable plastic management and responsible operational practices.

What industry associations are behind the OCS Europe certification?

The OCS Europe certification is advocated by Plastics Europe and the European Plastics Converters (EuPC).

How does Cabot aim to minimize plastic waste?

Cabot aims to minimize plastic waste through stringent management practices, facility assessments, employee training, and continuous communication.