Cabot owns a 60 percent equity interest in the new joint venture under the agreement.
Additionally, Cabot and Risun will invest approximately $100 million to construct a state-of-the-art carbon black manufacturing facility in Xingtai City. The city is located approximately 250 miles south of Beijing in Hebei Province.
Carbon black is an intensely black performance material, used as a reinforcing agent in rubber as well as a pigmenting, UV stabilizing and conductive additive in a variety of other specialty products.
Once commissioned in early 2013, the Xingtai facility will produce approximately 130,000 metric tons of carbon black annually with the potential for expansion to 300,000 metric tons. The new plant will employ advanced emissions control technology and energy recapture.
In other news, Halsan Paint & Color Co., Ltd. of Taiwan, China, has selected Cabot Corp.’s Emperor 1800 carbon black pigment for inclusion in its automotive coatings.
This application of Cabot’s product will enable Halsan to provide deep black coatings for premium automobiles and motorcycles throughout Asia.
Cabot said the product has a unique particle structure with a tailored surface chemistry that produces high jetness and a deep blue undertone, and can reduce dispersion times by more than 85 percent, and the amount of dispersion additives required by more than 50 percent.
Emperor 1800 carbon black is the latest development from Cabot Corporation in the field of high-strength black pigments for waterborne formulations.
Cabot Corporation is headquartered in Boston, Mass., United States, and its major products are carbon black, fumed silica, inkjet colorants, aerogel and cesium formate drilling fluids