Cabot To Supply New Activated Carbon For POETS Project

 | Apr 11, 2018 10:50PM ET

Cabot Corporation (NYSE:CBT) has been selected by the New York State Department of Environmental Conservation (NYSDEC) as the new activated carbon supplier to the Town of Hoosick, NY for the point-of-entry treatment systems (POETS) project. Cabot’s Hydrodarco 4000 granular activated carbon will be used for the removal of perfluorooctanoic acid (PFOA) from the Town’s private wells which supply drinking water to residents and businesses.
Recently, a groundwater testing for toxic manufacturing chemicals, including PFOA, was conducted in Hoosick Falls. The firm managing the POETS project, Arcadis tested several activated carbons from different suppliers. It concluded that Hydrodarco 4000 activated carbon was the most effective in removing these harmful pollutants during the expected lifetime of the POET systems.
Cabot’s shares have lost around 3.8% over a year, as against the roughly 12.2% gain recorded by the

Cabot Corporation Quote

Zacks Rank & Other Stocks to Consider

Cabot currently carries a Zacks Rank #2 (Buy).
Some other top-ranked stocks in the basic materials space are Kronos Worldwide Inc. (NYSE:KRO) , Methanex Corporation (NASDAQ:MEOH) and LyondellBasell Industries N.V. (NYSE:LYB) .
Kronos has an expected long-term earnings growth rate of 5% and sports a Zacks Rank #1 (Strong Buy). The company’s shares have moved up 46.2% in a year. You can see Original post
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Written By: Zacks Investment Research

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