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The Chemours Company - CC STOCK NEWS

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The Chemours Company (NYSE: CC) is a global leader in the chemical industry, focusing on the innovative application of chemistry to shape markets, redefine industries, and enhance everyday life. Spun off from DuPont's performance chemicals businesses, Chemours is renowned for its expertise in Titanium Technologies, Fluoroproducts, and Chemical Solutions. The company excels in providing tailor-made solutions across various sectors, including coatings, plastics, refrigeration, air conditioning, and more.

One of Chemours' standout contributions is the Ti-Pure™ technology, which offers superior paint formulations that cover more surface area with less effort. Similarly, the Opteon™ YF refrigerants for automotive air conditioning systems demonstrate the company's commitment to sustainability, with a global warming potential that is 99.9% lower than traditional refrigerants like HFC-134a. Another groundbreaking product is the Teflon EcoElite™ finish, a renewably sourced, non-fluorinated fabric treatment that provides durable water repellency using 60% renewably sourced materials.

Chemours operates through three primary segments: Titanium Technologies, Thermal & Specialized Solutions, and Advanced Performance Materials. The Titanium Technologies segment, which generates the majority of the company's revenue, is a major producer of TiO2 pigment. This premium white pigment is essential for various applications, providing whiteness, brightness, opacity, and durability.

Geographically, Chemours derives a significant portion of its revenue from North America, but its reach is global. The company is continually involved in transformative projects and strategic partnerships to foster growth and innovation. For instance, Chemours has been actively participating in events like CERAWeek, where it engages with industry leaders, policymakers, and innovators to discuss energy transition and the role of hydrogen in this field.

Recently, Chemours has made significant strides in the hydrogen economy. At CERAWeek 2024, the company discussed ways to reduce hydrogen costs and accelerate the transition to clean energy. Chemours is a leading global supplier of ionomers and membranes for proton exchange membrane (PEM) electrolysis and is heavily involved in the U.S. DOE Regional Clean Hydrogen Hub initiative.

The company is also addressing the energy demands of data centers, which are crucial for our increasingly digital economy. Chemours showcased its two-phase immersion cooling (2-PIC) technology at CERAWeek, which significantly reduces energy and water use in data centers. This innovation underlines Chemours' commitment to sustainability and efficiency.

By continually pushing the boundaries of what chemistry can achieve, Chemours stands as a beacon of innovation, sustainability, and excellence in the chemical industry.

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At CERAWeek 2024, the focus was on boosting energy efficiency in all sectors due to the rising energy demands of data centers fueled by A.I. The tech sector contributes up to 3% of global greenhouse gas emissions, with data centers being particularly emissions-intensive. A single data center can use as much energy as a whole country and millions of gallons of water annually. The imperative for smart policies to address these challenges was emphasized at the conference.
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Chemours Company Celebrates Women in STEM During Women's History Month
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Chemours actively participated in CERAWeek, showcasing its role in the energy transition through discussions on hydrogen and energy solutions. Stefanie Kopchick and Bill Raiford highlighted Chemours' contributions to the hydrogen ecosystem. Brandon Marshall discussed the energy demands of data centers.
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Chemours (CC) discloses material weaknesses in its internal controls over financial reporting, including delayed payments and accelerated collections, leading to immaterial revisions in financial statements. The company is implementing a remediation plan to address these issues.
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Chemours Company (NYSE: CC) announced its financial results for Q4 and full year 2023. Despite challenges, the company saw growth in various segments. Net Sales for Q4 were $1.4 billion, up 2% YoY, with a Net Loss of $18 million. Full year 2023 Net Sales were $6.0 billion, down 11% YoY, with a Net Loss of $238 million. Adjusted EBITDA for Q4 was $176 million and $1.0 billion for the full year.
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Chemours (CC) plans to release its Q4 and full-year 2023 financial results on March 27, 2024, followed by a conference call on March 28, 2024.
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Chemours appoints Denise Dignam as President and CEO, emphasizing her extensive experience in the chemical industry and successful leadership in key business segments. The company aims to strengthen its portfolio, drive growth, and optimize costs under her leadership.
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Chemours Company secures $60 million in grants from the U.S. Department of Energy to advance next-generation membranes for PEM water electrolysis and establish a circularity infrastructure for clean hydrogen materials. The grants support projects aimed at developing cost-effective and durable ionomers and membranes, contributing to the advancement of the hydrogen economy and sustainability goals.
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Chemours Company (CC) receives $60 million in grants from the U.S. Department of Energy to develop next-generation membranes for PEM water electrolysis and establish a circularity infrastructure for clean hydrogen materials. The grants aim to advance technology, support a domestic hydrogen economy, and promote material recovery and recycling in the hydrogen industry.
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Chemours (NYSE: CC) received a notice of non-compliance from the NYSE due to a delay in filing its Annual Report on Form 10-K for 2023. The company has six months to file and regain compliance. Chemours is working to complete its reporting process and will announce the earnings release schedule soon.
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FAQ

What is the current stock price of The Chemours Company (CC)?

The current stock price of The Chemours Company (CC) is $18.89 as of November 15, 2024.

What is the market cap of The Chemours Company (CC)?

The market cap of The Chemours Company (CC) is approximately 2.8B.

What does The Chemours Company specialize in?

Chemours specializes in Titanium Technologies, Fluoroproducts, and Chemical Solutions, providing customized chemical solutions for various industries.

What are some of Chemours' notable products?

Notable products include Ti-Pure™ for paint formulations, Opteon™ YF refrigerants for automotive air conditioning, and Teflon EcoElite™ fabric treatment.

How does Chemours contribute to sustainability?

Chemours contributes to sustainability through environmentally friendly products like Opteon™ YF refrigerants and Teflon EcoElite™, as well as projects aimed at reducing hydrogen costs and energy use in data centers.

What is Ti-Pure™ technology?

Ti-Pure™ technology enables superior paint formulations that cover more area with less paint and effort, enhancing efficiency and performance.

How does Chemours support the hydrogen economy?

Chemours is a leading supplier of ionomers and membranes for PEM electrolysis and engages in initiatives like the U.S. DOE Regional Clean Hydrogen Hub to advance clean energy.

What is the significance of Chemours' two-phase immersion cooling (2-PIC) technology?

2-PIC technology drastically reduces energy and water use in data centers, promoting efficiency and sustainability.

Where does Chemours generate most of its revenue?

Chemours generates the majority of its revenue from its Titanium Technologies segment and derives significant revenue from North America.

What recent events has Chemours participated in?

Chemours has actively participated in CERAWeek, engaging in discussions about energy transition, hydrogen economy, and data center efficiency.

What are Chemours' core business segments?

Chemours' core business segments are Titanium Technologies, Thermal & Specialized Solutions, and Advanced Performance Materials.

What makes Chemours a leader in the chemical industry?

Chemours' innovative approach to chemistry, commitment to sustainability, and transformative product offerings make it a leader in the chemical industry.

The Chemours Company

NYSE:CC

CC Rankings

CC Stock Data

2.83B
149.41M
0.72%
78.18%
5.35%
Specialty Chemicals
Chemicals & Allied Products
Link
United States of America
WILMINGTON