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Chemours, Emerson, and Hussmann Earn Top Project of the Year Award from Environment + Energy Leader
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The Chemours Company received a Top Project of the Year award for its role in the Gem City Market (GCM) Community Food Co-Op project at the 2022 Environment + Energy Leader Awards. This collaborative effort with Emerson and Hussmann aims to eliminate a food desert in Dayton, Ohio, by providing sustainable refrigeration solutions. Chemours contributed its Opteon™ XP10 refrigerant, noted for an 85% reduction in global warming potential, aiding in long-term energy savings and lower operational costs. The GCM has been serving the community since May 2021.
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Award recognition highlights Chemours' commitment to sustainability and community support.
Collaboration with Emerson and Hussmann enhances Chemours' reputation and operational expertise.
Opteon™ XP10 refrigerant's low global warming potential aligns with environmental goals, reducing the overall environmental impact.
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Energy-efficient and sustainable refrigeration solution supports community food co-op project
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, has received a Top Project of the Year recognition as part of the 10th Annual Environment + Energy Leader Awards Program. The awards, which were announced today during the 2022 Environment + Energy Leader annual Solutions Summit, recognize distinguished recipients for their exemplary work in the fields of energy and environmental management. Chemours, Emerson, and Hussmann share the recognition for The Gem City Market (GCM) Community Food Co-Op project.
This winning entry exemplifies the impact companies can make by collaborating to help address issues affecting low-income communities. Chemours, Emerson, and Hussmann integrated their individual areas of expertise to support the elimination of a food desert in downtown Dayton, Ohio in ways that drive sustainability for business operations and the planet. With a significant portion of GCM’s 8,000 square foot retail space requiring medium and low-temperature refrigeration, the system became a focal point for supporting GCM’s environmental responsibility, long-term energy savings, low operating costs, and ease of maintenance. Chemours donated its Opteon™ XP10 (R-513A) low-pressure, low global warming potential (GWP), non-ozone depleting refrigerant to serve as the single-refrigerant solution for the Copeland™ scroll booster architecture, custom-designed and donated by Emerson with Hussmann providing an assembled refrigeration system. Opteon™ XP10, offering an 85% reduction in global warming potential, will serve as the single refrigerant for GCM’s needs storewide.
“We are honored to be recognized by Environment + Energy Leader and extremely proud the award illuminates the Gem City Market project in particular,” said Joseph Martinko, North America Business Director for Thermal & Specialized Solutions at Chemours. “This project allowed leaders in our industry to harness their resources for good and support GCM in getting the market up and running efficiently. The innovative system integrated the best of each of our companies to drive results that demonstrate our dedication to creating a greener planet and giving back to our communities.”
The Environment + Energy Leader Awards program recognizes excellence in products and services that provide companies with energy and environmental benefits, and in projects implemented by companies that improved environmental or energy management and increased the bottom line. According to Sarah Roberts, Environment + Energy Leader publisher, the experienced and critical judging panel, coupled with a strict set of criteria mean that entrants faced an extremely high bar to qualify for an award. Judges’ comments about the Gem City Market Project included the following:
“The project has the added benefit of highlighting the intersection of environmental and social impact with regard to opening a food store in an underserved community, where lower operating costs might really be a make-or-break issue."
"The Gem City Market is an exceptional, well thought, collaborative project that will yield both energy and environmental benefits for years to come."
"Lower energy use will also result in lower costs of operation, which is especially relevant for a low-margin industry such as food retail."
Today, the GCM, which opened in May 2021, makes healthy, affordable food accessible to thousands of residents, and the reduced energy usage will pay dividends for decades in the form of lower energy bills, potentially representing a large percentage of overall operating costs.
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.
About the Environment + Energy Leader Awards
For the past decade, the Environment + Energy Leader Awards have celebrated excellence in the world of environmental, sustainability and energy management. Award winners are truly buzz-worthy, and companies that sport a Top Project or Top Product of the Year Award badge are known to be the best of the best. When other companies are seeking a sustainability or energy management solution, they know that E+E Product of the Year Award winners offer a significant group of products, vetted by experts, to peruse for help in making their decisions. Project of the Year Award winners are known to illustrate how sustainability and energy management projects can successfully help other companies improve the bottom line.
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 March 31, 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.
