Cabot Announces Modified $50M Department Of Energy Grant Plus About $75M Of Its Own Investment To Expand Battery Materials Production In Franklin, Louisiana And Pampa, Texas; Redirects Funding From Michigan Project, Operational By End Of 2028
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Why It Matters
Cabot is spending $125 million total to make battery materials in two states. This shows the company believes battery demand will keep growing for years ahead.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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