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Cabot Corporation selected for $50 million award negotiation from U.S. Department of Energy to support domestic battery supply chain

Sep 20, 2024•over 1 year ago

Contract Type

partnership

MichiganManufacturingAutomotive

Description

Cabot Corporation has been selected for an award negotiation of up to $50 million by the U.S. Department of Energy’s (DOE) Office of Manufacturing and Energy Supply Chains to develop a new U.S.-based manufacturing facility for battery-grade carbon nanotubes (CNTs) and conductive additive dispersions at commercial scale, supporting the domestic lithium-ion battery supply chain for electric vehicles (EVs) and the electrical grid.

Company Information

Company

Cabot Copper-Gold Project

Location

Michigan, United States

About

The Cabot Copper-Gold Project is located in Newfoundland's Baie Verte Peninsula, a region known for its mining history. It includes the Cabot Copper Zone, which has significant copper mineralization and the Marble Cove Gold Prospect, known for high-grade gold samples.

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