Chemours Explores Capacity Investments to Boost Support for the Hydrogen Economy - Business Wire

Chemours Explores Capacity Investments to Boost Support for the Hydrogen Economy – Business Wire

Wilmington, DL. – (work wire) – Chemours (“Chemours”) (NYSE: CC), a global chemical company with a leading market position in titanium technologies, thermal and specialty solutions and advanced performance materials, today announced that it is considering investments in capacity to support its increased growth Hydrogen Economy Business. This increased capacity in stray radicals will support the growth in demand within water electrolysis and fuel cell technology.

The company is currently studying potential locations in the United States and Europe, with an emphasis on local community engagement and collaboration. Chemours continues to set standards in responsible manufacturing and this ability will help the company achieve its goal of continuing to transform the portfolio into sustainable offerings that make a specific contribution to achieving the United Nations Sustainable Development Goals (UN SDGs).

“Demand for the hydrogen economy is growing exponentially, and our products are truly at the core,” said Dennis Dignam, President of Advanced Performance Materials at Chemours. “To meet this demand requires private/public partnerships with the right partners – partners who will be an asset to the community – responsible. We believe Chemours is the place that communities, regions and countries must look to in order to provide the capabilities needed to achieve clean energy while maintaining a focus on protecting human health and the environment. ”

Capacity investment will focus on stray dispersants that support the Nafion™ platform known for unparalleled performance and durability. Nafion™ ion exchange membranes provide a clean energy solution through the electrolysis of water producing green hydrogen from renewable energy. Fuel cells – another Nafion™ membrane application – convert hydrogen into electricity, as an alternative to carbon-based energy sources.

Learn more by visiting, https://www.chemours.com/en/industries-applications/energy.

About Chemours

Chemours Corporation (NYSE: CC) is a global leader in titanium technologies, thermal and specialty solutions, and advanced performance materials that provides customers with solutions in a wide range of industries with market-defining products, applied expertise and chemistry-based innovation. We provide customized solutions with a wide range of industrial and specialty chemical products for markets including paint, plastics, refrigeration, air conditioning, transportation, semiconductors, consumer electronics, general industries, and oil and gas. Our main products include such prominent brands as Ti-Pure™, Opteon™, Freon™, Teflon™, Viton™, Nafion™ and Krytox™. The company has approximately 6,400 employees and 29 manufacturing sites serving nearly 3,200 customers in nearly 120 countries. Chemours is headquartered in Wilmington, Delaware and is listed on the New York Stock Exchange under the symbol CC.

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forward-looking statements

This press release contains forward-looking statements, within the meaning of Section 27A of the Securities Exchange Act of 1933 and Section 21E of the Securities Exchange Act of 1934, that involve risks and uncertainties. Forward-looking statements provide current expectations of future events based on certain assumptions and include any statement that is not directly related to historical or current fact. The words “believe,” “expect,” “will,” “expect,” “plan,” “estimate,” “goal,” “project,” and similar expressions, among others, generally identify “forward-looking statements,” which speak Only as of the date these statements were made. These forward-looking statements may address, among other things, the outcome or resolution of any pending or future environmental obligations, the commencement, outcome or resolution of any regulatory inquiry, investigation, proceeding, commencement, outcome or settlement of any lawsuit or changes in United States environmental regulations or other jurisdictions that affect the demand or adoption of our products, the expected future operational and financial performance of our individual segments and our Company as a whole, business plans, expectations, objectives, goals, commitments, capital investments and projects, targeted capital expenditures, plans to distribute dividends or share repurchases, and the adequacy of or Sustainability of intellectual property protection, cost reduction or savings targets, plans to increase profitability and growth, our ability to make acquisitions, integrating businesses or acquired assets into our operations, and achieving expected synergies or cost savings, all of which are subject to significant risks and uncertainties that may cause actual results to differ materially from those expressed or implied in these statements. Forward-looking statements are based on certain assumptions and expectations of future events that may not be accurate or realizable. These statements are not a guarantee of future performance. Forward-looking statements also involve risks and uncertainties beyond Chemours’ control. In addition, the current COVID-19 pandemic has significantly impacted the national and global economy, commodity markets and financial markets, which have and we expect to continue to negatively impact our financial results. The full scope and impact of the pandemic is still to be determined and has so far included significant volatility in the financial and commodity markets and severe disruption to economic activity. The public and private sector response has led to travel restrictions, temporary business closures, quarantines, stock market volatility, and disruption of consumer and business activity globally. Matters outside our control have affected our business and operations and may continue or may continue to impede our ability to provide goods and services to customers, cause disruptions to our supply chains, negatively affect our business partners, significantly reduce demand for our products, and adversely affect the health and well-being of our employees or Causing other unexpected events. In addition, 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 US Securities and Exchange Commission, including our quarterly report on Form 10-Q for the quarter ended March 31, 2022 and in the annual report on Form 10 -K for the year ended December 31, 2021. Chemours has no obligation to revise or update any forward-looking statement for any reason, except as required by law.


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