Latest News

Chemours Announces Opteon™ 1100 and Opteon™ SF33 Capacity Expansion to Meet Long-Term Customer Needs

Oct 27, 2023

Tripling production of HFO-1336mzzZ supports broad range of applications, including spray foam, appliances, refrigerants, and specialty fluids

WILMINGTON, Del.--(BUSINESS WIRE)-- 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 a capacity investment in its low global warming potential (GWP) Opteon™ 1100 foam blowing agent and Opteon™ SF33 specialty fluid. The expansion will triple capacity of the ultra-low GWP, hydrofluoroolefin (HFO) solution, enabling customers and value chain partners to meet the escalating demand for sustainable and efficient HFO-1336mzzZ-based fluids.

Chemours has entered into an agreement with Zhejiang Juhua Group, Ltd. to produce the additional volume of HFO-1336mzzZ. Chemours expects startup to begin in late 2025, followed by full-scale production in early 2026.

“Our customers utilize Opteon™ 1100 and Opteon™ SF33 to deliver superior performance in a variety of critical applications. Chemours is excited to meet the growing business needs of our customers with low GWP products that support the health and sustainability of our planet,” said Joseph Martinko, President of Thermal & Specialized Solutions at Chemours. “As consumers and regulators around the globe seek step-change reductions in CO2 emissions, access to this technology will contribute to achieving both sustainability and performance targets across construction, electronics, appliance, critical cleaning, carrier fluid, and many other applications.”

Chemours offers a portfolio of products based on HFO-1336mzzZ that are more environmentally friendly than non-HFO alternatives. These products offer added benefits of thermal and shelf-life stability, nonflammability, low boiling point, and formulation flexibility. Moreover, the chemical formulation provides foam producers with additional insulation value, more precise application control and a wider application window.

Zhejiang Juhua Group, Ltd. engages in the production and sales of fluorochemical materials, fine fluorochemicals, basic chemicals, fertilizers and pesticides, and other chemical related products.

Additional product information is available at opteon.com.

For more information, we invite you to visit chemours.com or follow us on Twitter @Chemours or LinkedIn.


Chemours enters immersion cooling market with HFO-based fluid

Aug 25, 2023

USA: Chemours has developed an HFO-based two-phase immersion cooling (2-PIC) fluid for next-generation computing and electric vehicle technologies.

Opteon 2P50 is said to be currently in the final testing stages for manufacturing capability, with initial commercialisation targeted for 2025, pending appropriate regulatory approvals. 

The new 2-PIC fluid is said to enable high-performance computing and energy-efficient cooling across a broad range of thermal management applications.

Chemours describes the development as a critical step in positioning the company to meet the growing challenges of increasing demands for faster computing, AI capabilities, and other cutting-edge applications—all of which are based in technologies requiring elevated cooling capacities. 

“Two-phase immersion cooling represents a tremendous unmet market need and Chemours is excited to be entering this space and investing in the present and future needs in such a significant way,” said Natalia Duchini, senior director, global technology at Chemours. 

With more than 95% of data centres currently using traditional air- and water-cooling technologies, Chemours sees 2-PIC technology as the most sustainable, cost effective, and efficient alternative to traditional air-cooled data centres in terms of energy and water consumption. By submerging electronic equipment directly in a dielectric fluid, they can be cooled efficiently and safely, without the risk of hardware damage. 

Customer trials of of Opteon 2P50 are said to have shown that 2-PIC can reduce data centre cooling energy consumption by more than 90% and nearly eliminate water use, reducing operating expenses. In addition, 2-PIC simplified cooling structure supports reduced capital expenditures by enabling up to a 60% reduction in the physical data centre footprint. 

The ability to reclaim and reuse the two-phase immersion fluid also creates a clear path to a circular economy, Chemours says.

Chemours taking US orders for R454B

May 29, 2023

USA: Chemours has begun taking orders from North American customers for R454B, its lower GWP replacement for R410A.

Marketed as Opteon XL41, R454B is an A2L lower flammability refrigerant, a blend of R32 and R1234yf with a GWP of 466.

The refrigerant has been available in Europe for a number of years, where it is offered as an option in a range of chillers from major manufacturers.

The availability of R454B refrigerant comes approximately one year ahead of the next major scheduled step-down outlined in the American Innovation and Manufacturing (AIM) Act. Starting January 1, 2024, regulations will require an additional 30% reduction in HFC production and consumption. 

Overall, OEM system design changes required for R454B will be minimal, says Chemours, and new equipment filled with the refrigerant are expected to be available before 2025.


Chemours Now Taking Orders in North America for Opteon™ XL41 Zero ODP, Low GWP Refrigerant

Feb 20, 2023

 

Availability of next-generation R-410A replacement refrigerant supports future significant HFC reduction

The Chemours Company (“Chemours”) (NYSE: CC), a global chemistry company with leading market positions in Titanium Technologies, Thermal & Specialized Solutions, and Advanced Performance Materials, began taking orders from North American customers in December for its Opteon XL41 (R-454B) hydrofluoroolefin (HFO) refrigerant, which the company will start fulfilling by the end of Q1 2023. Opteon XL41 is an R-410A replacement in new air conditioning and heat pump applications, offering zero ozone depletion potential (ODP) and an approximate 78% reduction in global warming potential (GWP) when compared to R-410A (AR4 GWP). One of the latest next-generation solutions in the Chemours Opteon portfolio, in addition to being the lowest GWP replacement for R-410A alternatives on the market today, Opteon XL41 offers the optimal balance of performance, sustainability, and cost, and is classified as a low-flammability (A2L) refrigerant.

The availability of Opteon XL41 refrigerant comes approximately one year ahead of the next major scheduled step-down outlined in the American Innovation and Manufacturing (AIM) Act. Starting January 1, 2024, regulations will require an additional 30% reduction in hydrofluorocarbon (HFC) production and consumption. Amidst this regulatory landscape, Opteon XL41 will offer customers product longevity.

“As the industry prepares for the next HFC phasedown, Chemours is fully committed to supporting a diverse group of HVACR applications in making a successful transition to sustainable refrigeration solutions,” said Alisha Bellezza, President of Thermal & Specialized Solutions at Chemours. “We are excited that so many of the major players in equipment manufacturing recognize the environmental and performance efficacy of Opteon XL41. Together, we are ensuring the refrigerant and equipment are readily available to support an industry-wide move to the lowest possible GWP operation without sacrificing performance.”

Opteon XL41 has already been selected by most leading global OEMs, including Carrier, Johnson Controls, and Rheem, which have announced alignment with Chemours for the utilization of this product. Overall, OEM system design changes required for Opteon XL41 will be minimal, and it is expected that new equipment filled with the refrigerant will be available to customers before 2025. In addition to product innovation, Chemours commits extensive resources to provide customers with the training, technical support, customer service, and product supply necessary to upgrade, maintain, and service new equipment.

Chemours will spotlight Opteon XL41—which was recently selected as the cooling category winner in the 2023 AHR Expo Innovation Awards—and other solutions in the Opteon portfolio at the 2023 AHR Expo. Chemours will exhibit at booth C-6425 at the Expo in Atlanta, Georgia, from Feb. 6-8, 2023.

Supporting the anticipated growth in demand for Opteon XL41 and steady demand growth for other ultra-low GWP refrigerants in the Opteon portfolio, Chemours’ $80 million capital expansion project and debottlenecking efforts at Chemours in Ingleside – located 20 minutes outside of Corpus Christi, Texas – will increase production capacity by approximately 40%. The expansion project will help Chemours meet the significant increase in product orders and aligns with the company’s corporate responsibility targets.

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 6,400 employees and 29 manufacturing sites serving approximately 3,200 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. These statements are not guarantees of future performance. Forward-looking statements also involve risks and uncertainties that are beyond Chemours' control. In addition, the current COVID-19 pandemic has significantly impacted the national and global economy and commodity and financial markets, which has had and we expect will continue to have a negative impact on our financial results. The full extent and impact of the pandemic is still being determined and to date has included significant volatility in financial and commodity markets and a severe disruption in economic activity. The public and private sector response has led to travel restrictions, temporary business closures, quarantines, stock market volatility, and interruptions in consumer and commercial activity globally. Matters outside our control have affected 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, 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, 2022 and in our Annual Report on Form 10-K for the year ended December 31, 2021. Chemours assumes no obligation to revise or update any forward-looking statement for any reason, except as required by law.


Chemours and BOHN Collaborate to Innovate the Cold Food Chain, Launching the First Low GWP Solution

Jan 31, 2023


The Chemours Company (''Chemours'') (NYSE: CC), a global chemical company with market-leading positions in Titanium Technologies, Thermal & Specialized Solutions, and Advanced Performance Materials, announced an alliance with Bohn de Mexico, a leading commercial and industrial refrigeration equipment technology and manufacturing company with a presence in the Latin American region. As part of the alliance, Bohn de Mexico will adopt the non-ozone depleting (ODP) and low global warming potential (GWP) refrigerants, Opteon™ XL20 (R-454 C), Opteon™ XL40 (R-454A), and Opteon™ XL10 (R-1234yf) for its new line of BOHN Ecoflex condensing units.

''Today, users in the refrigeration industry demand efficient and affordable solutions that comply with current environmental regulations and support them in meeting their sustainability goals,'' said Miguel Escamilla, Chemours' Opteon™ Refrigerants Development Leader for Mexico CAC and the Andean region. ''The transition to the use of low GWP refrigerants is one of the trends that will define the present and future sustainability of the HVACR industry in Mexico and the world. We are excited to provide Bohn de Mexico with our Opteon™ XL refrigerant solutions for their new line of Ecoflex refrigeration systems.''

The Opteon™ XL refrigerant line offers very low GWP solutions that fit perfectly with Bohn de Mexico's new generation of Ecoflex equipment that provide cutting-edge technological innovations for optimal energy efficiency of refrigeration systems, as well as help the company meet its sustainability goals. This new equipment will enable an easier transition to sustainable technologies by reducing the need for high investment, operating costs for conversion, and adjustment to all store sizes and refrigeration requirements.

''BOHN is a leader in innovation, quality, service, and customer focus. Every day we innovate using state-of-the-art refrigeration technology, such as the adoption of Chemours' Opteon™ XL refrigerants. At the same time, we support the world to enjoy the benefit of cold in a sustainable way,'' commented Eloy Espinosa, Director of Engineering and Quality at BOHN.

The frozen food chain also needs an extensive and reliable spare parts supply network. The failure of a component or refrigerant for a few hours can lead to huge losses. The partnership between BOHN and Chemours will also ensure the availability of replacement products at the various locations where the systems will be installed, leveraging Chemours' network of authorized distributors that already supply traditional fluids.

In addition, Chemours continues to invest in the expansion of its Opteon™ production capacity to help meet growing cold chain demand. When Chemours opened its Corpus Christi, Texas facility in June 2019, it more than tripled the company's Opteon™ capacity, making it one of the largest HFO-1234yf production facilities in the world, a distinction it will maintain with its recently announced expansion project. The investment, along with ongoing debottlenecking projects, will further increase Opteon™ capacity by approximately 40%.

From transportation to food vending to air conditioning, Opteon™ refrigerants offer the optimal balance of performance, environmental sustainability, safety, and cost in many downstream industries and applications. These products were developed to meet stringent global environmental regulations while maintaining or improving performance compared to the current products they replace. A recognized leader in the manufacture and supply of sustainable, low GWP hydrofluoroolefins (HFO), Chemours continues to invest in and meet the needs of its customers as they continue to transition to low GWP refrigerants.

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 include prominent brands such as Ti-Pure™, Opteon™, Freon™, Teflon™, Viton™, Nafion™, and Krytox™. The company has approximately 6,400 employees and 29 manufacturing sites serving approximately 3,200 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. These statements are not guarantees of future performance. Forward-looking statements also involve risks and uncertainties that are beyond Chemours' control. In addition, the current COVID-19 pandemic has significantly impacted the national and global economy and commodity and financial markets, which has had and we expect will continue to have a negative impact on our financial results. The full extent and impact of the pandemic is still being determined and to date has included significant volatility in financial and commodity markets and a severe disruption in economic activity. The public and private sector response has led to travel restrictions, temporary business closures, quarantines, stock market volatility, and interruptions in consumer and commercial activity globally. Matters outside our control have affected 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, 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, 2022 and in our Annual Report on Form 10-K for the year ended December 31, 2021. Chemours assumes no obligation to revise or update any forward-looking statement for any reason, except as required by law.


F-gas proposals would impact EU climate targets

Nov 14, 2022
EUROPE: Industry groups from Europe and Japan have condemned F-gas amendments proposed by lead rapporteur Bas Eickhout, saying they would jeopardise the wider EU climate and energy targets.

In the rapporteur’s draft report published last month, Bas Eickhout called for a number of outright bans on fluorinated gases, including HFCs and HFOs. In addition to an outright ban on fluorinated gases in smaller split air conditioners and split heat pump equipment, the proposals seek to limit the use of fluorinated refrigerants with a GWP of under 750 to systems from 12kW to 200kW from January 1 2027. Fluorinated refrigerants would be banned outright from split systems of over 200kW from the same date. A stricter phase down than the European Commission’s F-gas revision document was also proposed. 

The joint industry statement is signed by the European contractors group AREA and manufacturing associations ASERCOM, EPEE, EHPA and Eurovent, the Spanish air conditioning association AFEC, the Japanese Business Council in Europe (JBCE) and Japanese AC and refrigeration body JRAIA.

In it, the co-signatories insist they share the EU’s Green Deal ambition to accelerate the transition towards climate neutrality by 2050, but says that to achieve that goal, a “careful balance” was needed between reducing emissions from HFCs and reducing emissions by installing more heat pumps. 

“The amendments put forward by the rapporteur would jeopardise energy saving targets and strengthen the European dependence on fossil fuel sources in the next years,” the statement says.

Balance

Perhaps significant is the use of the word “balance”, the same word used by Bas Eickhout in addressing yesterday’s Environment, Public Health and Food Safety (ENVI) committee meeting in Brussels. The statement is dated Monday (November 7) and it is not known whether Eickhout was aware of its contents before his speech, yesterday, when he said that he recognised that the “right balance” needed to be found between the move to natural alternatives and the need for the increased take up of heat pumps.

The joint industry statement repeats previous observations that achieving the 2030 targets and the REPowerEU action plan to rapidly wean the EU off fossil fuel imports will require the installation of millions of new heat pumps throughout Europe in the coming years. 

“The HFC phase down path and the bans on F-gases in heat pumps proposed by the rapporteur’s draft ENVI Report need to be adjusted to achieve the decarbonisation of the sector,” the statement says.

“We call on Members of European Parliament to strongly reject the proposed amendments on the HFC phase down path as well as Annex IV bans on key technologies, particularly heat pumps.”

The Next Generation of Refrigerants is here!!!

Oct 11, 2022
The Next Generation of Refrigerants is here!!!
View Full Size
Opteon™ XP refrigerants provide a sustainable solution with a lower GWP that is suitable for retrofits and new equipment. Choose
Opteon™ XP products when:

• A retrofit refrigerant is needed that matches existing system performance requirements
• Existing equipment has not reached the end of its lifetime
• The investment for a new system is not feasible
• A non-flammable refrigerant solution is preferred


For more enquiries please contact Mr Chris at 012-710 5847 or email chris@tenco.com.my

Chemours Invests to Fight Global Warming

Aug 17, 2022
The company will expand Opteon™ low global warming potential (GWP) refrigerant capacity in Texas to support customers’ growth and a sustainable future

SUBMITTED BY THE CHEMOURS COMPANY

Chemours, a global chemistry company, recently announced it will be expanding its Opteon™ YF (HFO-1234yf) capacity to help meet customer needs as they continue transitioning to lower GWP refrigerants. The Opteon™ YF and YF blends refrigerants are now used in millions of vehicles and thousands of retail stores around the world, with zero ozone depletion potential (ODP) and global warming potential (GWP) that is significantly lower than the legacy refrigerants.

Chemours considers the $80 million capacity expansion project a critical growth investment that supports market demands and aligns with Chemours corporate responsibility targets, delivering high returns and delivering on our purpose. When Chemours opened the facility in June 2019, it more than tripled the company’s capacity of Opteon™ YF, making it one of the world’s largest HFO-1234yf production facilities, a distinction it will retain with this project. This investment, along with on-going de-bottlenecking projects, will further increase site capacity by approximately 40%.

“This expansion demonstrates Chemours’s devotion to our customers, the communities in which we live and work, and the health and sustainability of the planet,” said Alisha Bellezza, president of Thermal & Specialized Solutions at Chemours. “Opteon™ YF is a game-changing refrigerant solution accelerating global sustainability initiatives. As demand increases, we are proud to make the investment that will help our customers navigate the complex regulatory landscape while supporting their bottom line with a high-performing, readily available product.”

The refrigerants manufactured by Chemours in Ingleside—which is 20 minutes outside of Corpus Christi—will be delivered to a rapidly growing base of customers around the world. In the mobile air conditioning market, the number of vehicles on U.S. roads using HFO-1234yf is estimated to be at least 80 million. Since the opening of the production facility, several equipment manufacturing companies have also selected Opteon™ products for residential and commercial HVAC applications. By 2025, Chemours estimates that its low-GWP product line will eliminate an estimated 325 million tons of carbon dioxide equivalent globally.

“Chemours is proud to bring this expansion to the Corpus Christi area and demonstrate our commitment to this community,” said Mark Reyes, Chemours’ Corpus Christi plant manager. “The expansion will allow us to increase production of Opteon™ YF, which is a sustainable refrigerant solution designed to help our customers meet regulatory standards.”

Chemours to Expand Opteon™ Capacity in Texas to Meet Growing Customer Needs for Low GWP Solutions

Aug 17, 2022
Company invests to support customers’ growth and a sustainable future by increasing ultra low-GWP refrigerant production by approx. 40%


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 it will be expanding its Chemours Opteon™ YF (HFO-1234yf) capacity to help meet customer needs as they continue transitioning to lower GWP refrigerants. The Opteon™ YF and YF blends refrigerants are now used in millions of vehicles and thousands of retail stores around the world, with zero ozone depletion potential (ODP) and global warming potential (GWP) that is significantly lower than the legacy refrigerants.

Chemours considers the $80 million capacity expansion project a critical growth investment that supports market demands and aligns with Chemours corporate responsibility targets, delivering high returns and delivering on our purpose. When Chemours opened the facility in June 2019, it more than tripled the company’s capacity of Opteon™ YF, making it one of the world’s largest HFO-1234yf production facilities, a distinction it will retain with this project. This investment, along with on-going de-bottlenecking projects, will further increase site capacity by approximately 40%.

“This expansion demonstrates Chemours’s devotion to our customers, the communities in which we live and work, and the health and sustainability of the planet,” said Alisha Bellezza, president of Thermal & Specialized Solutions at Chemours. “Opteon™ YF is a game-changing refrigerant solution accelerating global sustainability initiatives. As demand increases, we are proud to make the investment that will help our customers navigate the complex regulatory landscape while supporting their bottom line with a high-performing, readily available product.”

The refrigerants manufactured by Chemours in Ingleside—which is 20 minutes outside of Corpus Christi—will be delivered to a rapidly growing base of customers around the world. In the mobile air conditioning market, the number of vehicles on U.S. roads using HFO-1234yf is estimated to be at least 80 million. Since the opening of the production facility, several equipment manufacturing companies have also selected Opteon™ products for residential and commercial HVAC applications. By 2025, Chemours estimates that its low-GWP product line will eliminate an estimated 325 million tons of carbon dioxide equivalent globally.

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 include prominent brands such as Ti-Pure™, Opteon™, Freon™, Teflon™, Viton™, Nafion™, and Krytox™. The company has approximately 6,400 employees and 29 manufacturing sites serving approximately 3,200 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. These statements are not guarantees of future performance. Forward-looking statements also involve risks and uncertainties that are beyond Chemours' control. In addition, the current COVID-19 pandemic has significantly impacted the national and global economy and commodity and financial markets, which has had and we expect will continue to have a negative impact on our financial results. The full extent and impact of the pandemic is still being determined and to date has included significant volatility in financial and commodity markets and a severe disruption in economic activity. The public and private sector response has led to travel restrictions, temporary business closures, quarantines, stock market volatility, and interruptions in consumer and commercial activity globally. Matters outside our control have affected 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, 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 June 30, 2022 and in our Annual Report on Form 10-K for the year ended December 31, 2021. Chemours assumes no obligation to revise or update any forward-looking statement for any reason, except as required by law.

Opteon™ refrigerants will be used in three major ice venues at the Beijing games.

Jul 15, 2022
Attention to all!

To support the mission of being “green, open, inclusive and clean”, and to adopt more sustainable solutions, three ice rink venues in Beijing selected Opteon™ refrigerant to provide reliable performance at the demanding low temperatures required for operating their facilities.





























For more info, please refer to 
https://youtu.be/1yb3-O39Zqw for the full video.



Chemours Launches Freon™ 32 (R-32) Refrigerant in China Market

May 10, 2022

         


         Shanghai, February 9, 2022 - owns the company in the fields of Titanium Dioxide Technology, Thermal Management and Specialty Solutions, High Performance Materials and Specialty ChemicalsThe Chemours Company (Chemours) (NYSE: CC), a market-leading multinational chemical company, announced the launch of Freon™ (Freon™) 32 (R-32) refrigerant in the Chinese market. This product will meet the demand for R-32 refrigerant in the Chinese market, and is also a supplement to the market in the process of switching from traditional refrigerants to low-global-warming-potential (GWP) Opteon™ refrigerant products.

     “For decades, Chemours Freon™ refrigerants have been recognized and trusted by customers in the air conditioning and refrigeration industry for their outstanding performance, reliability and safety. The launch of Freon™ 32 refrigerant in China demonstrates the Our customer-centric philosophy has always been upheld and demonstrated our ability to tailor products and services to target customers.” said Jun Zhou, Asia Pacific Director of Thermal Management and Specialty Solutions at Chemours: “After launching the R-32 Prior to refrigerants, to support action on climate change and meet regulatory requirements worldwide, we have developed and commercialized a range of low GWP refrigerant products, the Chemours Opteon™ ( Autoon™) refrigerants. Autoon™ refrigerants enable our customers and value chain partners in the heating, ventilation, air conditioning and refrigeration (HVACR) industry to provide sustainable refrigerant solutions.”

          As a leading brand in the global refrigeration industry, Chemours refrigerants have a rich history of more than 85 years. Chemours has always been committed to providing customers around the world with reliable refrigerant products that meet a wide range of performance requirements while providing cost and safety advantages. In addition, Chemours provides value-added services, including professional after-sales service, technical support, comprehensive solutions and reliable global supply.


EC proposes steep HFC cuts and usage ban

Apr 27, 2022

 

EUROPE: The European air conditioning and refrigeration industry could face stringent cuts in HFC refrigerants and bans on common AC refrigerants in new EC proposals to strengthen the F-gas regulation.

Among the F-gas revision proposals, published today, the European Commission seeks to ban the use of HFCs with GWPs of 150 or more in new split system air conditioners and heat pumps of a rated capacity of up to and including 12kW from January 1, 2027. 

Also, from 1 January 2027, the proposals seek to ban the use of HFCs with a GWP of 750 or more in new split systems with capacities above 12kW.

Accelerated phase down

As recently revealed by the Cooling Post, the proposals also contain an acceleration of the F-gas phase down with stringent new cuts to the current quotas. The most immediate change is the possibility of a near 50% cut to the current quota in 2024. This would be followed by an even larger percentage step down in 2027 when, under the new proposal, the quota would be cut to just 10.01% of the baseline. 

The proposed accelerated phase down based on a 2015 base line of 176,700,479 tonnes CO2e

Training

As demanded by both industry and environmental groups, the revision proposals also seeks to include alternative refrigerants, like CO2 and hydrocarbons, within the F-gas training and certification process. The training process would also include attention to energy efficiency aspects.


Carrier selects R454B for rooftops

Mar 30, 2022

Carrier selects R454B for rooftops

FRANCE: Carrier has selected the lower GWP refrigerant blend R454B as the optimum solution for use in rooftop applications across Europe. 

R454B is a lower flammability A2L refrigerant blend of 68.9% R32 and 31.1% 1234yf. It has a GWP of 466.

It is said that the decision has been made following “detailed evaluation of direct and indirect environmental impact, safety, ease of use and affordability for customers”. The selection also aligns with Carrier’s 2030 environmental, social and governance goals to reduce its customers’ carbon footprint by more than 1Gt.

Carrier has previously announced the adoption of R454B as its primary replacement for R410A in ducted residential and light commercial air conditioners in North American markets from 2023.

“We believe R454B offers the optimum solution for rooftop systems in terms of total environmental impact, cost, safety and ease of use. It delivers significantly lower GWP, improved efficiency and excellent materials compatibility with existing components,” said Juan Jose Francisco Diez, Carrier’s airside marketing manager. 

As well as offering useful efficiency improvements over previous R410A rooftop units, R454B also requires 10% less system charge.

“Adoption of R454B will enable Carrier’s forthcoming new generation of rooftop units to exceed the 2021 requirements of the European Union’s Ecodesign Directive by up to 42% for Seasonal Energy Efficiency Ratio and up to 10% for Seasonal Coefficient of Performance,” added Diez. 


China implements HFC Import and Export Licensing System

Feb 18, 2022

China began officially implementing its hydrofluorocarbon (HFC) import and export licensing system as of 1 November 2021, one and a half months earlier than the date stipulated by the Kigali Amendment to the Montreal Protocol, according to a recent announcement jointly made by China’s Ministry of Ecology and Environment (MEE), the Ministry of Commerce (MOC) and the General Administration of Customs (GAC). This major milestone follows the release of China’s revised Import and Export Catalogue of Controlled Ozone Depleting Substances (ODS), which added HFCs to the list of substances whose trade is closely managed by the country in accordance with the Montreal Protocol.

An effective and operational government system for licensing the import and export of new, used, recycled and reclaimed controlled substances is crucial for ensuring national compliance with commitments under the Protocol. It enables a country to manage its supply of controlled substances by monitoring and controlling their movement over the national borders and is necessary for collecting data that each country must report under the treaty. Licensing systems are also tools for preventing illegal shipments and avoiding unauthorized or unwanted trade in the controlled chemicals.

Each Party to the Protocol’s Kigali Amendment must establish and implement an HFC import and export licensing system within three months of the date of entry into force of the Amendment. On 17 June 2021, the Permanent Mission of China to the United Nations deposited its acceptance letter of the Kigali Amendment with the Secretary-General of the United Nations. China became the 122nd Party to the Amendment when that instrument entered into force on 15 September 2021.

To ensure smooth implementation of the HFC import and export licensing system, MEE,
together with MOC and GAC, conducted a series of preparatory activities including updating the existing Import and Export Paperless Management System on Controlled Substances under the Montreal Protocol and incorporating HFCs into the system. China’s National Management Office of ODS Import and Export collected information on domestic enterprises that import and export HFCs through various channels and established contact with the enterprises in advance. Through the country’s HFC phase-down Enabling Activities project, the customs capacity building project and annual training programme, training plans were developed, and training workshops were organized for management personnel from MOC and GAC as well as HFC import and export enterprises, which comprehensively introduced management requirements on controlled substances as stipulated by the Montreal Protocol and practice of China’s import and export licensing system.

China is the largest producer and exporter of HFCs in the world, and its trade involves exchanges with more than 120 countries. A senior official from MEE said that China is willing to extensively cooperate with relevant international organizations and countries on HFC import and export management, strengthen information exchange through mechanisms such as the Informal Prior Informed Consent (iPIC) mechanism managed by OzonAction, and contribute to promoting global compliance.

Patricia Kameri-Mbote, Director of UNEP Law Division, stated “UNEP heartily congratulates China on reaching this important milestone – even ahead of schedule – and commends the Government for the measures it has put in place for controlling imports and exports of HFCs. This is important for both the Montreal Protocol and for protecting our climate since many HFCs are also powerful greenhouse gases. Given China’s position as the major producer of HFCs, the effect of its new licensing system will literally be felt around the world.” She added, “UNEP also appreciates China’s longstanding use of both formal and informal communication channels, like the iPIC mechanism, to promote compliance with licensing systems at home and abroad. Cooperation across borders makes national licensing systems work even better.”

India ratifies Kigali amendment

Sep 30, 2021

 

INDIA: Following approval by the cabinet and prime minister Shri Narendra Modi last month, India has now ratified the Kigali Amendment to phase down HFC refrigerants.

India’s ratification, following closely behind China’s ratification, provides a huge boost to the Kigali Amendment which commits countries to cutting the production and consumption of HFCs by more than 80% over the next 30 years.

India’s economy is growing rapidly and, along with China and United States is seen as one of the world’s highest current and potential HFC emitting countries.

India will complete its phase down of HFCs in four steps from 2032 onwards with cumulative reduction of 10% in 2032, 20% in 2037, 30% in 2042 and 80% in 2047.

The countries to have accepted and ratified the Kigali Amendment in date order are:

1. Mali 31/3/17
2. Micronesia 12/5/17
3. Marshall Islands 15/5/17
4. Rwanda 23/5/17
5. Palau 29/8/17
6. Norway 6/9/17
7. Comoros 16/9/17
8. Chile 19/9/17
9. Tuvalu 21/9/17
10. North Korea 21/9/17
11. Australia 27/10/17
12. Canada 3/11/17
13. Maldives 13/11/17
14. UK 14/11/17
15. Finland 14/11/17
16. Germany 14/11/17
17. Laos 16/11/17
18. Luxembourg 16/11/17
19. Slovakia 16/11/17
20. Sweden 17/11/17
21. Trinidad and Tobago 17/11/17
22. Malawi 21/11/17
23. Côte d’Ivoire 29/11/17
24. Ecuador 22/1/18
25. Netherlands 8/2/18
26. Gabon 28/2/18
27. Togo 8/3/18
28. Ireland 12/3/18
29. Benin 19/3/18
30. Samoa 23/3/18
31. France 29/3/18
32. Barbados 19/4/18
33. Vanuatu 20/4/18
34. Niue 24/4/18
35. Bulgaria 1/5/2018
36. Costa Rica 23/5/18
37. Grenada 29/5/18
38. Belgium 4/6/2018
39. Uganda 21/6/18
40. Portugal 17/7/18
41. Lithuania 24/7/18
42. Burkina Faso 26/7/18
43. Latvia 17/8/18
44. Niger 29/8/18
45. Senegal 31/8/18
46. Uruguay 12/9/18
47. Hungary 14/9/18
48. Tonga 17/9/18
49. Mexico 25/9/18
50. European Union 27/9/18
51. Estonia 27/9/18
52. Czech Republic 27/9/18
53. Austria 27/9/18
54. Sri Lanka 28/9/18
55. Panama 28/9/18
56. Greece 5/10/18
57. Guinea-Bissau 22/10/18
58. Kiribati 26/10/18
59. Paraguay 1/11/18
60. Switzerland 9/11/18
61. Denmark 6/12/18
62. Croatia 6/12/18
63. Slovenia 7/12/18
64. Japan 18/12/18
65. Nigeria 20/12/18
66. Poland 7/1/19
67. Albania 18/1/19
68. Andorra 23/1/19
69. Honduras 28/1/19
70. Chad 26/3/19
71. Montenegro 23/4/19
72. Armenia 2/5/19
73. Namibia 16/5/19
74. Cuba 20/6/19
75. Ethiopia 5/7/19
76. Cyprus 22/7/19
77. South Africa 1/8/19
78. Ghana 2/8/18
79. Peru 7/8/19
80. Seychelles 20/8/19
81. Cook Islands 22/8/19
82. Vietnam 27/9/19
83. Bhutan 27/9/19
84. Mauritius 1/10/19
85. New Zealand 3/10/19
86. São Tomé and Príncipe 4/10/19
87. Lesotho 7/10/19
88. Jordan 16/10/19
89. Argentina 22/11/19
90. Somalia 27/11/19
91. Guinea 5/12/19
92. Mozambique 16/1/20
93. Lebanon 5/2/20
94. North Macedonia 12/3/20
95. Bangladesh 8/6/20
96. Sierra Leone 15/6/20
97. Fiji 16/6/20
98. Holy See 17/6/20
99. Romania 1/7/20
100. Liberia 12/7/20
101. Turkmenistan 31/8/20
102. Kyrgyzstan 8/9/20
103. Liechtenstein 16/9/20
104. Botswana 19/9/20
105. Nicaragua 30/9/20
106. Russian Federation 3/10/20
107. Bolivia 9/10/20
108. San Marino 20/10/20
109. Malaysia 21/10/20
110. Cape Verde 28/10/20
111. Angola 16/11/20
112. Eswatini 24/11/20
113. Iceland 25/1/21
114. Colombia 25/2/21
115. Zambia 15/3/21
116. Burundi 26/3/21
117. Syrian Arab Republic 5/4/21
118. Cambodia 8/4/21
119. Dominican Republic 14/4/21
120. Gambia 5/5/21
121. Bosnia and Herzegovina 26/5/21
122. China 17/6/21
123. Cameroon 24/8/21
124. Tunisia 27/8/21
125. El Salvador 13/9/21
126. India 27/9/21


Act now on climate change

Sep 23, 2021

Act now on climate change

USA: On World Ozone Day, UN Secretary-General António Guterres has called on nations to act now to slow climate change, feed the world’s hungry and protect the planet.

Designated by the United Nations General Assembly as the International Day for the Preservation of the Ozone Layer, September 16 commemorates the date, in 1987, on which nations signed the Montreal Protocol on Substances that Deplete the Ozone Layer.

“The Montreal Protocol began life as a mechanism to protect and heal the ozone layer,” writes António Guterres in his 2021 message on the UN website. “It has done its job well over the past three decades. The ozone layer is on the road to recovery. The cooperation we have seen under the Montreal Protocol is exactly what is needed now to take on climate change, an equally existential threat to our societies.

“The Montreal Protocol is more than just an example of how multilateralism can and should work, it is an active tool to help meet our global vision for sustainable development.”

Under the Kigali Amendment to the Protocol, nations have now committed to phase down HFCs, a move which, when fully implemented, could prevent 0.4ºC of global warming this century.

“Furthermore, as we prepare for the Food Systems Summit this month, we are reminded that the Kigali Amendment can also help us to increase food security. By reducing HFCs, increasing energy efficiency and creating more ozone- and climate-friendly technologies, the Kigali Amendment can bring sustainable access to vital cooling services to millions of people,” Guterres adds.

“Such services would reduce food loss in developing countries, where food often spoils before it can reach markets. Getting produce from farmers to where it is needed would help reduce hunger, poverty and the environmental impact of the agricultural sector. Another important benefit of expanding cooling is storage of medicines and vaccines, such as are needed to end the Covid-19 pandemic.

“The Montreal Protocol and the Kigali Amendment show us that by acting together, anything is possible. So let us act now to slow climate change, feed the world’s hungry and protect the planet that we all depend on.”

USA: On World Ozone Day, UN Secretary-General António Guterres has called on nations to act now to slow climate change, feed the world’s hungry and protect the planet.

Designated by the United Nations General Assembly as the International Day for the Preservation of the Ozone Layer, September 16 commemorates the date, in 1987, on which nations signed the Montreal Protocol on Substances that Deplete the Ozone Layer.

“The Montreal Protocol began life as a mechanism to protect and heal the ozone layer,” writes António Guterres in his 2021 message on the UN website. “It has done its job well over the past three decades. The ozone layer is on the road to recovery. The cooperation we have seen under the Montreal Protocol is exactly what is needed now to take on climate change, an equally existential threat to our societies.

“The Montreal Protocol is more than just an example of how multilateralism can and should work, it is an active tool to help meet our global vision for sustainable development.”

Under the Kigali Amendment to the Protocol, nations have now committed to phase down HFCs, a move which, when fully implemented, could prevent 0.4ºC of global warming this century.

“Furthermore, as we prepare for the Food Systems Summit this month, we are reminded that the Kigali Amendment can also help us to increase food security. By reducing HFCs, increasing energy efficiency and creating more ozone- and climate-friendly technologies, the Kigali Amendment can bring sustainable access to vital cooling services to millions of people,” Guterres adds.

“Such services would reduce food loss in developing countries, where food often spoils before it can reach markets. Getting produce from farmers to where it is needed would help reduce hunger, poverty and the environmental impact of the agricultural sector. Another important benefit of expanding cooling is storage of medicines and vaccines, such as are needed to end the Covid-19 pandemic.

“The Montreal Protocol and the Kigali Amendment show us that by acting together, anything is possible. So let us act now to slow climate change, feed the world’s hungry and protect the planet that we all depend on.”

Johnson Controls Selects Opteon™ XL41 (R-454B) as Future Refrigerant Solution to Replace R-410A in N

Sep 14, 2021

 

Opteon™ XL41 becomes the Sustainable Refrigerant Option for the Company's Ducted Residential and Commercial HVAC Products and Air-Cooled Scroll Chillers
 

WILMINGTON, Del., May 27, 2021 /PRNewswire/ -- The Chemours Company has been selected by Johnson Controls, the global leader in smart, healthy and sustainable buildings, to provide Opteon™ XL41 (R-454B) as the future refrigerant solution for their ducted residential and commercial HVAC products, as well as its air-cooled scroll chiller applications. This decision supports Johnson Controls sustainability goals in transitioning away from the use of high global warming potential (GWP) refrigerants, such as R-410A, reinforcing their commitment to addressing climate change and lowering customers' emissions. Chemours is a recognized leader in providing sustainable, low GWP refrigerant solutions - driving commercial readiness and the adoption of next-generation refrigerants in the HVACR industry.            

Opteon™ XL41 is a low GWP (AR4: 466), non-ozone depleting refrigerant that offers a 78% reduction in GWP while improving energy efficiency and lowering charge size when compared to R-410A. This refrigerant offers manufacturers the ability to achieve their long-term carbon dioxide (CO2) emission reduction goals and requires minimal design modifications due to its similar operating temperature and pressure to R-410A. Opteon™ XL41 provides the optimal balance of performance, safety and longevity for future air conditioning applications. 

''We are excited to assist Johnson Controls with meeting their customer needs by providing them a next-generation refrigerant solution that offers a lower GWP and improved energy efficiency for their future residential and commercial HVAC applications, as well as its  air-cooled scroll chillers,'' said Alisha Bellezza, President of Thermal & Specialized Solutions at Chemours. ''Chemours is dedicated to partnering with our customers and the broader HVACR community with technologies that help achieve their sustainability goals while minimizing environmental impact to support the phase down of hydrofluorocarbons (HFC) in the United States.''       

Future regulatory requirements on COemission reduction will stimulate the transition to lower GWP refrigerants. Opteon™ XL41 has the lowest EPA SNAP1 approved GWP for unitary applications of all ASHRAE classified A2L (low-toxicity, mild flammability) refrigerants in the HVAC industry today - much lower than the pending 750 GWP limits being proposed. It is compatible with plastic and elastomer materials and POE oil that will minimize working capital design changes and enable an easier transition from a R-410A platform.

''After evaluating several low-GWP alternatives on a variety of performance and market metrics, such as safety, capacity, efficiency, reliability, availability and longevity, we've determined R-454B, sold by The Chemours Company as Opteon™ XL41, to be the best-in-class low-GWP refrigerant,'' said Katie McGinty, vice president and chief sustainability, government and regulatory affairs officer, Johnson Controls. ''This decision reinforces our continued commitment to developing solutions that help transform the environments where people live, work, learn and play, and advances our goal of helping our customers achieve a 16% reduction in emissions by 2030.''

This decision was made as the HVAC industry is preparing to phase out high-GWP refrigerants, which are now being formally addressed by the Environmental Protection Agency (EPA) through the recently passed American Innovation and Manufacturing (AIM) Act2.

Chemours has been collaborating with industry partners to develop sustainable solutions that provide the performance today demands to achieve the goals of tomorrow. As part of the transition to support the regulatory mandates to phase down HFCs, Chemours will continue to offer cutting-edge technologies, education and ongoing training to value chain partners and the HVACR community.          

Lowest GWP rating of EPA SNAP approved alternatives as of the publishing of this notice.
2 https://www.epa.gov/climate-hfcs-reduction/aim-act

About The Chemours Company
The Chemours Company (Chemours or the Company) (NYSE: CC) is a global leader in Titanium Technologies, Thermal & Specialized Solutions, Advanced Performance Materials, and Chemical Solutions 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, mining and oil and gas.  Our flagship products include prominent brands such as Ti-Pure™, Opteon™, Freon™, Nafion™, Krytox™, Teflon™, and Viton™. In 2019, Chemours was named to Newsweek's list of America's Most Responsible Companies. The company has approximately 6,500 employees and 30 manufacturing sites serving approximately 3,300 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. These statements are not guarantees of future performance. Forward-looking statements also involve risks and uncertainties that are beyond Chemours' control. In addition, the current COVID-19 pandemic has significantly impacted the national and global economy and commodity and financial markets, which has had and we expect will continue to have a negative impact on our financial results. The full extent and impact of the pandemic is unknown and to date has included extreme volatility in financial and commodity markets, a significant slowdown in economic activity, and increased predictions of a global recession. The public and private sector response has led to significant restrictions on travel, temporary business closures, quarantines, stock market volatility, and a general reduction in consumer and commercial activity globally. Matters outside our control have affected our business and operations and may or may continue to limit travel of employees to our business units domestically and internationally, adversely affect the health and welfare of our personnel, significantly reduce the demand for our products, hinder our ability to provide goods and services to customers, cause disruptions in our supply chains, adversely affect our business partners 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 March 31, 2021 and in our Annual Report on Form 10-K for the year ended December 31, 2020. Chemours assumes no obligation to revise or update any forward-looking statement for any reason, except as required by law.

The Chemours Company (Chemours) is a global leader in titanium technologies, fluoroproducts and chemical solutions. (PRNewsfoto/The Chemours Company)


Chinese refrigerant prices on the rise

Sep 7, 2021

CHINA: Reports from China reveal a surge in August in the price of commonly used refrigerants such as R134a, R125, and R410A.

The price of R125, in particular, a major component of R410A, hit a record high at the end of August, following an increase of 48% in just a week. This latest rise represented an increase of 70.2% from the beginning of August, and a year-on-year increase of 175%.

A rise in the price of the raw materials are blamed, in particular the price of perchloroethylene, a chemicial critical in the production of both R134a and R125, amongst others. The price of this key raw material is reported to have risen over 100% in August to 15,000/ton ($2,325). This represents an increase of 85% from the beginning of the year, and an increase of over 250% on the same period last year.

The prices of hydrogen fluoride, another key HFC raw material, and trichloroethylene have also seen rises.


The Chemours Company Receives Recognition from Honda Brazil

Aug 27, 2021

Sao Paulo, Brazil, July 19, 2021 – The Chemours Company (NYSE: CC), a global chemistry company with leading market positions in Titanium Technologies, Thermal & Specialized Solutions, Advanced Performance Materials and Chemical Solutions, was among the select companies recognized as the best suppliers of Honda Automóveis Brasil in 2020.

The award takes into account criteria such as quality, delivery, service, costs, performance in the parts division and preservation of the environment, among others.

Chemours was also recognized by Honda Brazil in 2018 in the same category of Excellence in Quality and Delivery for the supply of refrigerant fluid for the air conditioning systems of its cars.
According to Renato Cesquini, Chemours Commercial Manager in Latin America for the Thermal & Specialized Solutions business, this recognition highlights the quality of Chemours products and service.

“Honda is a company of excellence and uses only high-quality products. We are delighted to receive Honda Brazil’s award for Excellence in Quality and Delivery, as it recognizes Chemours’ focus on quality client offerings, as well as our differentiated and personalized service,” he affirmed.

Chemours in the Brazilian automotive sector

Supplying refrigerant fluids to automotive manufacturers in Brazil has allowed Chemours to establish a large presence in the country’s automotive sector, and today, many of the vehicles manufactured in Brazil use Chemours refrigerants in their air conditioning systems.

That commitment to supplying high-quality refrigerants for mobile air conditioning systems extends to Chemours work to help make a better world through responsible chemistry. The company established its 10 goals to achieve by 2030 as part of its Corporate Responsibility Commitment. The goals, which are mapped to the United Nations Sustainable Development Goals (UN SDGs), include having sustainable product offerings, such as the Opteon™ portfolio, that meet market needs and comply with environmental regulations.

According to Cesquini, Chemours is a Honda partner in several countries, including Latin America, and today it supplies Opteon™ YF (R-1234yf) a refrigerant that has a low global warming potential (GWP) and zero ozone-depletion potential (ODP). The use of  Opteon™ YF demonstrates both companies are in alignment with the United Nations’ commitment to sustainable development.

Opteon™ XL41 (R-454B) and XL55 (R-452B) low GWP Refrigerants Selected by G.I. Industrial Holding as

Aug 23, 2021

G.I. Industrial Holding commercially launched Opteon™ XL55 and XL41 compatible equipment ahead of the 2021 F-Gas cap and phase down

WILMINGTON, Del., Nov. 14, 2019 /PRNewswire/ -- The Chemours Company (Chemours) (NYSE: CC), a global chemistry company with leading market positions in titanium technologies, fluoroproducts, and chemical solutions announced today that G.I. Industrial Holding, a group of leading companies in the comfort and industrial cooling industry present in Europe, Africa, Middle East and Asia, and headquartered in Latisana, Italy, has adopted Opteon™ XL41 (R-454B) and Opteon™ XL55 (R-452B) low Global Warming Potential (GWP) hydrofluoroolefins (HFO) refrigerants as the R-410A replacement for their scroll chiller systems. The selection of Opteon™ XL refrigerants by G.I. Industrial Holding has been made in close collaboration with Chemours and Italian distributor Rivoira Refrigerant Gases. This selection demonstrates the commitment of major industry players across the value chain to provide the chiller market with long-term, sustainable solutions ahead of the upcoming 2021 European F-Gas HFC cap and phase down.

The Chemours Company announced today that G.I. Industrial Holding, a group of leading companies in the comfort and industrial cooling industry present in Europe, Africa, Middle East and Asia, and headquartered in Latisana, Italy, has adopted Opteon™ XL41 (R-454B) and Opteon™ XL55 (R-452B) low Global Warming Potential (GWP) hydrofluoroolefins (HFO) refrigerants as the R-410A replacement for their screw chiller systems.

Opteon™ XL41 (R-454B) and XL55 (R-452B) are HFO A2L class refrigerants for new equipment with similar capacity and improved energy efficiency compared to R-410A, as well as a close match in compressor discharge temperature. With a 78% reduction in GWP compared to R-410A, Opteon™ XL41 offers the lowest GWP, and correspondingly longer-term solution, to replace R-410A. 

Opteon™ XL55 provides a 65% reduction in GWP vs. R-410A (similar to the reduction in GWP with R-32) but enables faster market implementation due to the fact that it is the closest overall performance match to R-410A, resulting in minimal equipment redesign and cost.

''Our product portfolio is the very first in the HVAC sector to offer a complete range of high-efficiency AC & chiller units with the more sustainable refrigerant R-452B instead of traditional R-410A used in scroll compressors. Along with its 65% lower GWP, similar or better performance vs. R-410A, Ecodesign compliance and compatibility with the full G.I. Industrial Holding product range (liquid chillers, heat pumps and multifunctional units from 50 to 1,220 kW), the use of R-452B combines the key elements of the CLINT and KTK brands philosophy: Respect for the Environment, Efficiency, and Versatility,'' says Enrico Pin, Product Marketing Manager, G.I Industrial Holding. ''Recently, we have also qualified R-454B and released compatible equipment that brings a longer-term solution to the chiller market,'' he added.

''As Chemours long-term partner and key Italian Gas distributor, we are actively engaged in supporting the market readiness of A2L HFO refrigerants by providing customers with technical and commercial support to facilitate the transition to these low GWP refrigerants. The switch from high GWP gases to more sustainable solutions can be a challenging journey for customers and we believe the cooperation of highly professional companies such as Chemours, G.I Industrial and Rivoira can bring success,'' says Alessandro Paschero, Business Manager, Rivoira Refrigerant Gases. ''We are convinced that lower flammable solutions such as Opteon™ XL41 & XL55 will be extensively used in air-conditioning applications in the future, and therefore have invested in a new filling station that can store up to 200,000 kg of A2L refrigerants,'' he added.

Opteon™ low GWP HFO refrigerants are a portfolio of sustainable and versatile refrigerants that meet the long-term needs of the refrigeration, air conditioning, heat pump, and chiller markets. They have been developed to help meet increasingly stringent global regulations while maintaining or improving performance compared to the products they replace, as well as encouraging more sustainable refrigerant choices and equipment designs to reduce the carbon footprint of the HVACR industry. Specifically, in Europe, the very low GWP Opteon™ XL refrigerant portfolio supports the market transitions required by the F-Gas Regulation and enables customers to select their optimal solution – considering performance, safety, sustainability, and total cost of ownership.

For more information on Opteon™ refrigerants, please visit opteon.com. For more information on G.I. Industrial Holding, please click here.

About The Chemours Company
The Chemours Company (NYSE: CC) 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 general industrial manufacturing. Our flagship products include prominent brands such as Teflon™, Ti-Pure™, Krytox™, Viton™, Opteon™, Freon™ and Nafion™. Chemours published its first corporate responsibility commitment report in 2018, which highlights goals aligned with the United Nations Sustainable Development Goals. The company has approximately 7,000 employees and 28 manufacturing sites serving approximately 3,700 customers in over 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 the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995, 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, business plans, prospects, targets, goals and commitments, capital investments and projects, plans for dividends or share repurchases, sufficiency or longevity of intellectual property protection, cost 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, and our outlook for net sales, Adjusted EBITDA, Adjusted EPS, Free Cash Flow, Effective Tax Rate, and Return on Invested Capital (ROIC), 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. These statements are not guarantees of future performance. Forward-looking statements also involve risks and uncertainties that are beyond Chemours' control. 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 Annual Report on Form 10-K for the year ended December 31, 2018. Chemours assumes no obligation to revise or update any forward-looking statement for any reason, except as required by law.



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