Chemours Announces 2020 Future of Chemistry Scholarship Recipients and Expands the Program Nationally

Rhea-AI Summary

The Chemours Company (NYSE: CC) has announced its commitment to support STEM education by awarding scholarships to five Delaware students attending Historically Black Colleges and Universities (HBCUs). This initiative is part of a 13-year plan to enhance accessibility for Black students in STEM fields, with over $2 million earmarked for scholarships by 2030. The recipients for 2020 include three students receiving $40,000 scholarships and two awarded $2,500. The program aims to uplift underrepresented populations and encourage future interns.

Positive

• Chemours committed over $2 million in scholarships for STEM students by 2030.
• Expanded scholarship program to all U.S. sites, enhancing diversity efforts.
• Five Delaware students awarded scholarships for pursuing STEM degrees.

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• None.

WILMINGTON, Del., July 13, 2020 /PRNewswire/ -- The Chemours Company (Chemours) (NYSE: CC), a global chemistry company with leading market positions in fluoroproducts, titanium technologies, and chemical solutions, today awarded scholarships to five Delaware students pursuing degrees in science, technology, engineering, or mathematics (STEM) at Historically Black Colleges and Universities (HBCUs). In partnership with the City of Wilmington and HBCU Week, these scholarships are part of a 13-year commitment—through 2030—to support increased numbers of Black students from the Wilmington area who are pursuing STEM fields of study. This year Chemours took that commitment even further by expanding the scholarship program to all its US sites.  
 
Consistent with the company's broader Corporate Responsibility Commitments which includes goals on increased diversity, the Future of Chemistry Scholarship program exists to increase access and opportunities for students from underrepresented populations to pursue STEM and technical careers. Over the next decade, Chemours has committed to awarding more than $2 million in scholarships to students attending HBCUs.  

"Now more than ever, it's critical that we not only financially support, but truly uplift and encourage talented students from historically underrepresented populations to flourish in STEM careers. These scholarships reflect that commitment and our bedrock belief that diversity is not only the right thing to pursue, it ensures access top talent, creates a competitive advantage and is integral to driving innovation in our company, industry and the world," said Mark Vergnano, president and chief executive officer of Chemours. "We're proud to invest in these passionate and driven students who are a critical part of STEM in the future. We invite all of them to intern with us during the summers, with the goal of hiring them once they're ready to begin their careers."    

For 2020, three students have been awarded scholarships valued at $40,000 with funds distributed in equal increments over four years: 

• Chloe Barrow, who plans to attend North Carolina A&T State University to study mechanical engineering
• Braxton Hill, who plans to attend North Carolina A&T State University to study civil engineering
• Langston Hill, who plans to attend North Carolina A&T State University to study bioengineering

Two students have been awarded one-time scholarships of $2,500: 

• Elijah Atley, who plans to attend Delaware State University and study environmental science
• Ashanti Bradley, who plans to attend Delaware State University and study forensic biology

This year's recipients join over 10 previous awardees of the program pursuing STEM at HBCUs across the country, including five other $40,000 scholarship recipients. Learn more about our 2020 recipients 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.

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CONTACT:

INVESTORS 
Jonathan Lock 
VP, Corporate Development and Investor Relations 
+1.302.773.2263 
investor@chemours.com 

NEWS MEDIA 
Alvenia Scarborough
Sr. Director of Corporate Communications and Brand Marketing
+1.302.773.4507
media@chemours.com  

View original content:http://www.prnewswire.com/news-releases/chemours-announces-2020-future-of-chemistry-scholarship-recipients-and-expands-the-program-nationally-301092456.html

SOURCE The Chemours Company

FAQ

What is Chemours' scholarship program for STEM students?

Chemours offers a scholarship program to support STEM students, particularly from underrepresented populations, committing over $2 million by 2030.

How many students received Chemours scholarships in 2020?

In 2020, five Delaware students received scholarships, including three $40,000 awards and two $2,500 one-time scholarships.

What is the goal of Chemours' scholarship initiative?

The goal is to increase access and opportunities for Black students pursuing careers in STEM fields.

How does the scholarship program impact Chemours' corporate responsibility goals?

The program aligns with Chemours' corporate responsibility goals, promoting diversity and innovation within the company and industry.