Reinforces company’s commitment to minimizing
environmental impact through resource efficiency
The Chemours Company (“Chemours”) (NYSE: CC), a global chemistry
company with leading market positions in Titanium Technologies,
Thermal & Specialized Solutions, and Advanced Performance
Materials, today announced the creation of an international F-gas
Lifecycle Program across the Americas, Asia, and Europe. The
program aims to advance safe, global recovery, reclaim, and reuse
of fluorinated gases (F-gases) across its low global warming
potential (GWP) Opteon™ products, Freon™ refrigerants, and FM-200™
portfolios.
This program, which began as region and country-specific
initiatives, will now include global oversight to drive additional
adoption, partnerships, and reclamation. As part of the program,
Chemours will complete a global review to identify opportunities
for expansion and increased collaboration. This announcement
reinforces Chemours’ commitment to supporting a global circular
economy and the United Nations’ Sustainable Development Goals, as
outlined in the most recent Chemours Sustainability Report. It also
advances the net zero objectives of Chemours, broader industry, and
global legislative bodies through overall emission reduction.
Chemours’ international F-gas Lifecycle Program includes
agreements across the:
- Americas
- Asia Pacific
- Europe
- All 27 countries in the European Union
- United Kingdom
“At Chemours, we are dedicated to harnessing the power of our
chemistry to create a more sustainable and circular future,” said
Joe Martinko, President of Thermal & Specialized Solutions
(TSS) at Chemours. “We have committed to, and are advancing,
significant emission reduction within our gates. Now, we’re
expanding our focus to emission reduction throughout the product
lifecycle. F-gases—unlike so-called “natural” alternatives—can be
recovered, reclaimed, and reused across multiple applications,
maximizing resource efficiency, minimizing waste, and lowering
emissions. This international F-gas Lifecycle Program will help
advance circularity and sustainability around the world, ultimately
supporting global climate targets and minimizing impact on our
shared planet.”
The company continues to invest in and expand reclaim channels,
including in the U.S. and the recent extension of its EU and UK
program to reclaim low GWP refrigerants.
In addition to offering the potential for circularity, Chemours’
portfolio of F-gas technologies also play an important role in the
decarbonization of multiple industries and delivers significant
socioeconomic value through innovation, reliability, safety, and
efficiency.
If you are interested in learning more about this program or
Chemours’ commitment to circularity, contact
Circularity@chemours.com or visit TheWorldNeedsF-gases.com or
Opteon.com.
About The Chemours Company The Chemours Company (NYSE:
CC) is a global leader in Titanium Technologies, Thermal &
Specialized Solutions, and Advanced Performance Materials providing
its customers with solutions in a wide range of industries with
market-defining products, application expertise and chemistry-based
innovations. We deliver customized solutions with a wide range of
industrial and specialty chemicals products for markets, including
coatings, plastics, refrigeration and air conditioning,
transportation, semiconductor and consumer electronics, general
industrial, and oil and gas. Our flagship products are sold under
prominent brands such as Ti-Pure™, Opteon™, Freon™, Teflon™,
Viton™, Nafion™, and Krytox™. The company has approximately 6,600
employees and 29 manufacturing sites serving approximately 2,900
customers in approximately 120 countries. Chemours is headquartered
in Wilmington, Delaware and is listed on the NYSE under the symbol
CC.
For more information, we invite you to visit chemours.com or
follow us on Twitter @Chemours or LinkedIn.
Forward-Looking Statements This press release contains
forward-looking statements, within the meaning of Section 27A of
the Securities Act of 1933 and Section 21E of the Securities
Exchange Act of 1934, which involve risks and uncertainties.
Forward-looking statements provide current expectations of future
events based on certain assumptions and include any statement that
does not directly relate to a historical or current fact. The words
"believe," "expect," "will," "anticipate," "plan," "estimate,"
"target," "project" and similar expressions, among others,
generally identify "forward-looking statements," which speak only
as of the date such statements were made. These forward-looking
statements may address, among other things, the outcome or
resolution of any pending or future environmental liabilities, the
commencement, outcome or resolution of any regulatory inquiry,
investigation or proceeding, the initiation, outcome or settlement
of any litigation, changes in environmental regulations in the U.S.
or other jurisdictions that affect demand for or adoption of our
products, anticipated future operating and financial performance
for our segments individually and our company as a whole, business
plans, prospects, targets, goals and commitments, capital
investments and projects and target capital expenditures, plans for
dividends or share repurchases, sufficiency or longevity of
intellectual property protection, cost reductions or savings
targets, plans to increase profitability and growth, our ability to
make acquisitions, integrate acquired businesses or assets into our
operations, and achieve anticipated synergies or cost savings, all
of which 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 based on certain assumptions and expectations of future events
that may not be accurate or realized, such as full year guidance
relying on models based upon management assumptions regarding
future events that are inherently uncertain. These statements are
not guarantees of future performance. Forward-looking statements
also involve risks and uncertainties that are beyond Chemours'
control. Matters outside our control, including general economic
conditions and the COVID-19 pandemic, have affected or may affect
our business and operations and may or may continue to hinder our
ability to provide goods and services to customers, cause
disruptions in our supply chains such as through strikes, labor
disruptions or other events, adversely affect our business
partners, significantly reduce the demand for our products,
adversely affect the health and welfare of our personnel or cause
other unpredictable events. Additionally, there may be other risks
and uncertainties that Chemours is unable to identify at this time
or that Chemours does not currently expect to have a material
impact on its business. Factors that could cause or contribute to
these differences include the risks, uncertainties and other
factors discussed in our filings with the U.S. Securities and
Exchange Commission, including in our Quarterly Report on Form 10-Q
for the quarter ended September 30, 2023 and in our Annual Report
on Form 10-K for the year ended December 31, 2022. Chemours assumes
no obligation to revise or update any forward-looking statement for
any reason, except as required by law.
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INVESTORS Brandon Ontjes VP, Financial Planning &
Analysis and Investor Relations +1.302.773.3300
investor@chemours.com
Kurt Bonner Manager, Investor Relations +1.302.773.0026
investor@chemours.com
NEWS MEDIA Cassie Olszewski Manager, Media Relations
& Financial Communications +1.302.219.7140
media@chemours.com
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