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Chemours Receives Two Awards from U.S. Department of Energy’s Better Plants Program
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The Chemours Company (NYSE: CC) received recognition at the DOE Better Buildings, Better Plants Summit, winning two prestigious awards for energy efficiency and emissions reduction. The Better Practice Award acknowledged Chemours' innovative roadmap for reducing Scope 1 emissions through decreased fluorinated organic compound (FOC) process emissions. The Better Project Award recognized a successful boiler optimization project at the Louisville Works site, leading to a reduction of 1,200 metric tons of CO₂e annually. Chemours aims for a 17% reduction in energy intensity at its U.S. sites as part of its Corporate Responsibility Commitment Goals, which also include a 60% reduction in GHG emissions by 2030 and reaching net-zero operations by 2050.
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Awarded Better Practice Award for innovative energy management.
Received Better Project Award for reducing CO2 emissions by 1,200 metric tons yearly.
Committed to reducing energy intensity by 17% at U.S. sites.
Aimed for 60% reduction in GHG emissions by 2030.
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The company was recognized for its outstanding accomplishments in energy efficiency and emissions reduction at the DOE Better Buildings, Better Plants Summit
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, was honored yesterday with two awards from the U.S. Department of Energy (DOE) through its Better Buildings, Better Plants Initiative, recognizing partners for outstanding accomplishments in energy efficiency and emissions reduction.
Chemours received the Better Practice Award, presented to partners for innovative and industry-leading accomplishments in implementing and promoting practices, principles, and procedures of energy management, for its corporate roadmap to addressing Scope 1 emissions by reducing fluorinated organic compound (FOC) process emissions. Chemours also received the Better Project Award, recognizing partners for outstanding achievements in implementing energy, water and waste projects at individual facilities, for boiler optimization at the Louisville Works site in Louisville, Kentucky. This project reduced Chemours greenhouse gas emissions by 1,200 metric tons of CO₂e per year.
“We are honored to be recognized by the Department of Energy for our hard work and incredible achievements reducing our Scope 1 emissions and improving our site energy efficiency,” said Dr. Amber Wellman, Chemours’ Chief Sustainability Officer. “When we announced our Corporate Responsibility Commitment goals in 2018, we made a commitment to ensuring our essential chemistries are made responsibly. This recognition shows we are doing just that, and we will continue to advance our commitments to meet the world’s demands for better, safer and more sustainable products.”
“Partners in the Better Plants Challenge are sharing their success and innovation to accelerate their energy efficiency. The Better Project and Better Practice awards highlight unique efforts to make meaningful headway in reducing energy, water, waste and greenhouse gas emissions,” said Carolyn Snyder, Deputy Assistant Secretary for Energy Efficiency at the U.S. Department of Energy.
As a partner of the Better Plants Challenge, Chemours has committed to 17% reduction in energy intensity at its U.S. sites, which supports our Corporate Responsibility Commitment Goals to reduce Scope 1 and Scope 2 absolute GHG emissions by 60% by 2030—putting the company on a path to reach net-zero operations by 2050.
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.
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 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, including general economic conditions, 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 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.
