Cabot (US:CBT) Zhong Guo Hua Gong Bao·2025-09-01 02:53Core Insights - Cabot's Shanghai plant renovation project has officially commenced operations, expected to generate 120 million kWh of green electricity annually, reducing greenhouse gas emissions by approximately 119,700 tons [1] - The project has a total investment of about 70 million RMB, maintaining an annual output value of 1.4 billion RMB while providing stable steam supply to surrounding enterprises [1] - The project exemplifies resource reutilization and injects new vitality into the circular economy model of the Shanghai plant [1] Company Development - Cabot's Vice President and General Manager for China, Wang Weicheng, emphasized the company's growth in China is supported by a favorable business environment and policy backing in Minhang [1] - The company plans to continue its commitment to technological innovation and manufacturing upgrades in the region, contributing to local economic development [1] Regional Impact - Minhang District's Deputy Mayor, Zhang Xian, highlighted the significance of the renovation project in setting a benchmark for green and low-carbon development in Minhang [1] - Cabot has established multiple functional institutions in Minhang, including a regional headquarters and foreign-funded R&D center, making it a crucial operational base globally [1] - The transformation of manufacturing towards digitalization and greening is closely linked to the empowerment of new energy and new materials, with an invitation for Cabot to expand its operations in Minhang [1]