WILMINGTON, Del., Nov. 17, 2015 /PRNewswire/ -- The Chemours
Company ("Chemours") (NYSE: CC), a global chemical company with
leading market positions in titanium technologies, fluoroproducts
and chemical solutions, announced today that, along with its
partner Changshu 3F Zhonghao, it has broken ground on the world's
first full-scale production facility for HFO-1336mzz in Changshu,
Jiangsu Province, China. This site, expected to begin production
mid-year 2017, will provide increased capacity of low global
warming potential (GWP) foam expansion agents and refrigerants.
Foam expansion agents based on HFO-1336mzz, sold by Chemours as
Formacel™ 1100, offer excellent environmental properties across a
variety of applications, including appliances, spray foam and board
stock. Formacel™ 1100 offers a range of benefits to help Chemours
customers meet their long-term environmental needs. In addition to
its zero ozone depletion potential (ODP) and an extremely low
global warming potential (GWP) of less than two, this product can
further reduce energy consumption and greenhouse gas emissions with
better thermal insulation performance than incumbent products.
Formacel™ 1100 also offers superior stability compared to other
olefin-based blowing agents, and its shelf life of up to 12 months
allows customers to use the product with confidence over an
extended period.
HFO-1336mzz is a preferred technology for many Opteon™
refrigerants due to its unique attributes of having low GWP,
non-flammability, high efficiency and thermal stability. Chemours
is actively developing several new refrigerant fluids based on
HFO-1336mzz technology for a variety of applications, including
traditional chiller systems and the emerging arena of waste heat
recovery using technologies such as high temperature heat pumps and
organic rankine cycles. These fluids are showing promising results
in customer lab and field trials.
"Breaking ground for our new HFO-1336mzz production facility
paves the way for Chemours to add still more capacity to our
industry-leading supply of products based on HFO technology," said
Thierry F.J. Vanlancker, president, Chemours Fluoroproducts. "The
Changshu facility shows our continued commitment to meeting the
needs of our customers for high performance, environmentally
friendly solutions that enable them to meet growing regulatory and
sustainability demands."
"HFO technologies represent a clear path towards reducing
greenhouse gases while also enhancing performance," added
Diego Boeri, global business
director Chemours Fluorochemicals. "In many cases our customers
tell us they see an increase in their products' efficiency when
they use our HFO-based solutions. We are proud to manufacture these
breakthrough products and expect to continue to add capacity as our
customers increasingly transition to our new low GWP
solutions."
As the leading industry supplier of more environmentally
sustainable foams, refrigerants and aerosol propellants, Chemours
has invested hundreds of millions of dollars to offer customers new
products with no ozone depletion and low global warming potential.
The company and its suppliers have plans to invest hundreds of
millions more in the next five years to bring online additional
capacity of these more sustainable, high-performance products that
serve a wide range of applications.
For more information, visit us at Opteon.com and
Formacel.com.
About The Chemours Company
The Chemours Company (NYSE:
CC) helps create a colorful, capable and cleaner world through the
power of chemistry. Chemours is a global leader in titanium
technologies, fluoroproducts and chemical solutions, providing its
customers with solutions in a wide range of industries with
market-defining products, application expertise and chemistry-based
innovations. Chemours ingredients are found in plastics and
coatings, refrigeration and air conditioning, mining and oil
refining operations and general industrial manufacturing. Our
flagship products include prominent brands such as Teflon™,
Ti-Pure™, Krytox™, Viton™, Opteon™ and Nafion™. Chemours has
approximately 8,400 employees across 36 manufacturing sites serving
more than 5,000 customers in North
America, Latin America,
Asia-Pacific and Europe. Chemours is headquartered in
Wilmington, Delaware and is listed
on the NYSE under the symbol CC. For more, information please visit
chemours.com or follow Chemours on Twitter at @chemours.
Forward-Looking Statements
This press release contains
forward-looking statements, which often may be identified by their
use of words like "plans," "expects," "will," "believes,"
"intends," "estimates," "anticipates" or other words of similar
meaning. These forward-looking statements address, among other
things, our anticipated future operating and financial performance,
business plans and prospects, transformation plans, resolution of
environmental liabilities, litigation and other contingencies,
plans to increase profitability, our ability to pay or the amount
of any dividend, and target leverage that 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 not guarantees of future
performance and are based on certain assumptions and expectations
of future events which may not be realized. The matters discussed
in these forward-looking statements also are subject to risks,
uncertainties and other factors that could cause actual results to
differ materially from those projected, anticipated or implied in
the forward-looking statements as further described in the "Risk
Factors" section of the information statement contained in the
registration statement on Form 10 and other filings made by
Chemours with the Securities and Exchange Commission. Chemours
undertakes no duty to update any forward-looking statements.
CONTACT:
MEDIA:
Janet
Smith
Global Communications
Leader
+1.302.773.4508
janet.e.smith@chemours.com
INVESTORS:
Alisha
Bellezza
Director of Investor
Relations
+1.302.773.2263
alisha.bellezza@chemours.com
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SOURCE The Chemours Company