Chemours Establishes International F-gas Lifecycle Program to Advance Global Circularity

Rhea-AI Summary

Chemours (CC) announces international F-gas Lifecycle Program to advance safe, global recovery, reclaim, and reuse of fluorinated gases across its low GWP products, reinforcing commitment to sustainability and emission reduction.

Positive

• Creation of international F-gas Lifecycle Program demonstrates Chemours' dedication to minimizing environmental impact and supporting a global circular economy
• Expansion of focus to emission reduction throughout the product lifecycle reflects commitment to sustainability and global climate targets
• Investment in and expansion of reclaim channels in the U.S. and the EU demonstrate commitment to resource efficiency and minimizing waste

Negative

• None.

Reinforces company’s commitment to minimizing environmental impact through resource efficiency

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 the creation of an international F-gas Lifecycle Program across the Americas, Asia, and Europe. The program aims to advance safe, global recovery, reclaim, and reuse of fluorinated gases (F-gases) across its low global warming potential (GWP) Opteon™ products, Freon™ refrigerants, and FM-200™ portfolios.

This program, which began as region and country-specific initiatives, will now include global oversight to drive additional adoption, partnerships, and reclamation. As part of the program, Chemours will complete a global review to identify opportunities for expansion and increased collaboration. This announcement reinforces Chemours’ commitment to supporting a global circular economy and the United Nations’ Sustainable Development Goals, as outlined in the most recent Chemours Sustainability Report. It also advances the net zero objectives of Chemours, broader industry, and global legislative bodies through overall emission reduction.

Chemours’ international F-gas Lifecycle Program includes agreements across the:

• Americas
  • Canada
  • The United States
• Asia Pacific
  • Japan
• Europe
  • All 27 countries in the European Union
  • United Kingdom

“At Chemours, we are dedicated to harnessing the power of our chemistry to create a more sustainable and circular future,” said Joe Martinko, President of Thermal & Specialized Solutions (TSS) at Chemours. “We have committed to, and are advancing, significant emission reduction within our gates. Now, we’re expanding our focus to emission reduction throughout the product lifecycle. F-gases—unlike so-called “natural” alternatives—can be recovered, reclaimed, and reused across multiple applications, maximizing resource efficiency, minimizing waste, and lowering emissions. This international F-gas Lifecycle Program will help advance circularity and sustainability around the world, ultimately supporting global climate targets and minimizing impact on our shared planet.”

The company continues to invest in and expand reclaim channels, including in the U.S. and the recent extension of its EU and UK program to reclaim low GWP refrigerants.

In addition to offering the potential for circularity, Chemours’ portfolio of F-gas technologies also play an important role in the decarbonization of multiple industries and delivers significant socioeconomic value through innovation, reliability, safety, and efficiency.

If you are interested in learning more about this program or Chemours’ commitment to circularity, contact Circularity@chemours.com or visit TheWorldNeedsF-gases.com or Opteon.com.

About The Chemours Company
The Chemours Company (NYSE: CC) is a global leader in Titanium Technologies, Thermal & Specialized Solutions, and Advanced Performance Materials providing its customers with solutions in a wide range of industries with market-defining products, application expertise and chemistry-based innovations. We deliver customized solutions with a wide range of industrial and specialty chemicals products for markets, including coatings, plastics, refrigeration and air conditioning, transportation, semiconductor and consumer electronics, general industrial, and oil and gas. Our flagship products are sold under prominent brands such as Ti-Pure™, Opteon™, Freon™, Teflon™, Viton™, Nafion™, and Krytox™. The company has approximately 6,600 employees and 29 manufacturing sites serving approximately 2,900 customers in approximately 120 countries. Chemours is headquartered in Wilmington, Delaware and is listed on the NYSE under the symbol CC.

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

Forward-Looking Statements
This press release contains forward-looking statements, within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, which involve risks and uncertainties. Forward-looking statements provide current expectations of future events based on certain assumptions and include any statement that does not directly relate to a historical or current fact. The words "believe," "expect," "will," "anticipate," "plan," "estimate," "target," "project" and similar expressions, among others, generally identify "forward-looking statements," which speak only as of the date such statements were made. These forward-looking statements may address, among other things, the outcome or resolution of any pending or future environmental liabilities, the commencement, outcome or resolution of any regulatory inquiry, investigation or proceeding, the initiation, outcome or settlement of any litigation, changes in environmental regulations in the U.S. or other jurisdictions that affect demand for or adoption of our products, anticipated future operating and financial performance for our segments individually and our company as a whole, business plans, prospects, targets, goals and commitments, capital investments and projects and target capital expenditures, plans for dividends or share repurchases, sufficiency or longevity of intellectual property protection, cost reductions or savings targets, plans to increase profitability and growth, our ability to make acquisitions, integrate acquired businesses or assets into our operations, and achieve anticipated synergies or cost savings, all of which are subject to substantial risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements. Forward-looking statements are based on certain assumptions and expectations of future events that may not be accurate or realized, such as full year guidance relying on models based upon management assumptions regarding future events that are inherently uncertain. These statements are not guarantees of future performance. Forward-looking statements also involve risks and uncertainties that are beyond Chemours' control. Matters outside our control, including general economic conditions and the COVID-19 pandemic, have affected or may affect our business and operations and may or may continue to hinder our ability to provide goods and services to customers, cause disruptions in our supply chains such as through strikes, labor disruptions or other events, adversely affect our business partners, significantly reduce the demand for our products, adversely affect the health and welfare of our personnel or cause other unpredictable events. Additionally, there may be other risks and uncertainties that Chemours is unable to identify at this time or that Chemours does not currently expect to have a material impact on its business. Factors that could cause or contribute to these differences include the risks, uncertainties and other factors discussed in our filings with the U.S. Securities and Exchange Commission, including in our Quarterly Report on Form 10-Q for the quarter ended September 30, 2023 and in our Annual Report on Form 10-K for the year ended December 31, 2022. Chemours assumes no obligation to revise or update any forward-looking statement for any reason, except as required by law.

View source version on businesswire.com: https://www.businesswire.com/news/home/20231128262414/en/

INVESTORS

Brandon Ontjes

VP, Financial Planning & Analysis and Investor Relations

+1.302.773.3300

investor@chemours.com

Kurt Bonner

Manager, Investor Relations

+1.302.773.0026

investor@chemours.com

NEWS MEDIA

Cassie Olszewski

Manager, Media Relations & Financial Communications

+1.302.219.7140

media@chemours.com

Source: The Chemours Company

FAQ

What did Chemours announce?

Chemours (CC) announced the creation of an international F-gas Lifecycle Program to advance safe, global recovery, reclaim, and reuse of fluorinated gases across its low GWP products.

What are the key regions included in Chemours' F-gas Lifecycle Program?

The key regions included in Chemours' F-gas Lifecycle Program are the Americas (Canada and the United States), Asia Pacific (Japan), and Europe (all 27 countries in the European Union and the United Kingdom).

Why is Chemours expanding its focus to emission reduction throughout the product lifecycle?

Chemours is expanding its focus to emission reduction throughout the product lifecycle to maximize resource efficiency, minimize waste, lower emissions, and support global climate targets.

How is Chemours investing in reclaim channels?

Chemours is investing in and expanding reclaim channels, including in the U.S. and the recent extension of its EU and UK program to reclaim low GWP refrigerants.

What is the significance of Chemours' F-gas technologies?

Chemours' portfolio of F-gas technologies play an important role in the decarbonization of multiple industries and delivers significant socioeconomic value through innovation, reliability, safety, and efficiency.