WILMINGTON, Del., Nov. 13, 2015 /PRNewswire/ -- The Chemours
Company ("Chemours") (NYSE: CC), a global chemical company with
leading market positions in titanium technologies, fluoroproducts
and chemical solutions, praises a critical United Nations decision
to address climate change. Thierry F.J. Vanlancker, president,
Chemours Fluoroproducts, said the following today regarding the
agreement.
"Chemours congratulates the United Nations for its recent
decision to work within the Montreal Protocol to an HFC amendment
in 2016.
"The Montreal Protocol has already been hailed as the world's
most effective climate treaty by reducing ozone depleting
substances and their CO2 equivalent emissions nearly
twenty times more than the initial commitment period of the Kyoto
Protocol.
"Chemours recognizes the need for concerted action to avoid
significant growth in greenhouse gas emissions associated with the
use of HFCs in different applications. The Protocol provides a
proven, consistent, and well understood framework that allows the
global community to greatly reduce greenhouse gas emissions while
ensuring that consumers and businesses experience a smooth
transition to newer, more sustainable products.
"Many of the governments of the world, including the European
Union, Canada, Japan, Australia, and United States, have already started efforts to
reduce the use of HFCs, which have high global warming potential.
Coordinating these efforts will provide a much more effective
model. Such efforts are increasingly possible due to the
availability of viable, cost-effective options that deliver
significant reductions in direct and indirect greenhouse gases
through superior energy efficiency.
"That is why Chemours has already commercialized our Opteon™
product line for use in applications such as refrigeration, air
conditioning, foam insulation and waste heat recovery. It is
critical that all stakeholders work to meet sustainability goals
while ensuring cost-effective solutions and without limiting global
trade.
"Chemours has invested hundreds of millions of dollars in the
development of hydrofluorolefin (HFO)-based alternatives and blends
with low global warming potential. Such alternatives can replace
products with high-global warming potential, while providing the
same critical benefits to customers and consumers.
"Equipment manufacturers are developing equipment that can use
the new alternatives and companies are reformulating foams and
other products with the new HFO-based alternatives. In addition to
lowering the potential global warming impact of products and
applications, these new solutions from Chemours offer additional
benefits such as increased energy efficiency.
"As Chemours announced last month at the 2015 White House
Hydrofluorocarbon Roundtable, we estimate that use of our HFO-based
solutions will achieve a reduction of 300 million CO2 ton
equivalents by 2025. Our Opteon™ product line is the key to this
reduction, and will be instrumental to enabling further reductions
that would be achieved through a Montreal Protocol amendment. "
About The Chemours Company
The Chemours Company (NYSE: CC) helps create a colorful, capable
and cleaner world through the power of chemistry. Chemours is
a global leader in titanium technologies, fluoroproducts and
chemical solutions, providing its customers with solutions in a
wide range of industries with market-defining products, application
expertise and chemistry-based innovations. Chemours
ingredients are found in plastics and coatings, refrigeration and
air conditioning, mining and oil refining operations and general
industrial manufacturing. Our flagship products include
prominent brands such as Teflon™, Ti-Pure™, Krytox™, Viton™,
Opteon™ and Nafion™. Chemours has approximately 8,400 employees
across 36 manufacturing sites serving more than 5,000 customers in
North America, Latin America, Asia-Pacific and Europe. Chemours is headquartered in
Wilmington, Delaware and is listed
on the NYSE under the symbol CC. For more, information please visit
chemours.com or follow Chemours on Twitter at @chemours.
Forward-Looking Statements
This press release contains forward-looking statements, which
often may be identified by their use of words like "plans,"
"expects," "will," "believes," "intends," "estimates,"
"anticipates" or other words of similar meaning. These
forward-looking statements address, among other things, our
anticipated future operating and financial performance, business
plans and prospects, transformation plans, resolution of
environmental liabilities, litigation and other contingencies,
plans to increase profitability, our ability to pay or the amount
of any dividend, and target leverage that are subject to
substantial risks and uncertainties that could cause actual results
to differ materially from those expressed or implied by such
statements. Forward-looking statements are not guarantees of future
performance and are based on certain assumptions and expectations
of future events which may not be realized. The matters discussed
in these forward-looking statements also are subject to risks,
uncertainties and other factors that could cause actual results to
differ materially from those projected, anticipated or implied in
the forward-looking statements as further described in the "Risk
Factors" section of the information statement contained in the
registration statement on Form 10 and other filings made by
Chemours with the Securities and Exchange Commission. Chemours
undertakes no duty to update any forward-looking statements.
CONTACT:
MEDIA:
Janet
Smith
Global Communications Leader
+1.302.773.4508
janet.e.smith@chemours.com
INVESTORS:
Alisha
Bellezza
Director of Investor Relations
+1.302.773.2263
investor@chemours.com
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SOURCE The Chemours Company