A global specialty chemicals and performance materials company, Boston, Massachusetts-based Cabot Corporation will make a $90 million capital investment to enhance the performance of its plant in Ville Platte, Louisiana.
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.