NUREMBERG, Germany, Oct. 11,
2016 /PRNewswire/ -- The Chemours Company (Chemours)
(NYSE: CC), a global chemistry company with leading market
positions in titanium technologies, fluoroproducts and chemical
solutions, announced today that it has expanded its refrigerants
portfolio to include a new line of lower global warming potential
(GWP) refrigerants, the Opteon™ XL Series. Chemours is
debuting this latest innovation in refrigerant technology at the
2016 Chillventa International Exhibition in Nuremberg, Germany.
The Opteon™ XL Series will provide the refrigeration and air
conditioning industry with very low GWP refrigerants that help
further decrease CO2-equivalents to their lowest level
in new equipment designs. Classified as mildly flammable
(ASHRAE/ISO Class 2L), these XL products allow much higher charge
sizes than other more flammable refrigerants and can be safely used
when following the applicable codes and standards. Based on
hydrofluoro-olefin (HFO) technology, they offer similar properties,
and in many cases increased performance, compared to the current
hydrofluorocarbons (HFCs) they are designed to replace. This
combination of performance, safety and sustainability allows for
the XL Series to offer the optimal balance of properties to help
ensure that new equipment designs function at their highest
levels.
The launch of the XL Series follows in the wake of Chemours'
successful launch of its Opteon™ XP Series at Chillventa
2014. These products, notably Opteon™ XP10, XP40 and XP44,
have become the leading low GWP choice globally for refrigeration
and air conditioning applications. Chemours predicts that one
thousand supermarket and commercial refrigeration systems worldwide
will be using Opteon™ XP40 by the end of 2016, growing to as many
as 10,000 systems by the end of 2020.
"The XP blends have gained broad market acceptance since their
introduction in 2014, and Chemours continues to lead the way in
refrigerant innovations with the new XL Series," said Diego Boeri, Vice President Chemours
Fluorochemicals. "We are committed to delivering refrigerant
solutions to enable the market to meet its regulatory,
sustainability and efficiency goals."
The Opteon™ XL Series is currently made up of five refrigerants:
Opteon™ XL10, which replaces R-134a, Opteon™ XL20 and XL40, which
replace R-22 and R-404A/507 and Opteon™ XL41 and XL55, which
replace R-410A. Each refrigerant has its own unique
properties and should be chosen based on the need and
application.
- Opteon™ XL10 (R-1234yf) is the lowest GWP Opteon™
replacement for R-134a in new equipment designs. Opteon™ XL10 has a
GWP <1 and offers similar performance when replacing R-134a in
positive displacement, direct expansion medium temperature
commercial and industrial applications.
- Opteon™ XL20 (R-454C) is the lowest GWP Opteon™
replacement for R-404A and R-407C in new equipment designs.
Opteon™ XL20 offers similar performance when replacing R-404A and
R-407C in positive displacement, direct expansion low- and medium
temperature commercial and industrial applications. With a GWP of
146, Opteon™ XL20 falls under the 150-threshold value in the F-Gas
regulation 517/2014 and Eco-design, thus being particularly suited
for hermetically-sealed systems.
- Opteon™ XL40 (R-454A) is a lower GWP replacement for
R-404A in new equipment designs, but with improved performance and
higher cooling capacity. Opteon™ XL40 has a GWP of 238 and offers
the optimal balance of properties when replacing R-404A in positive
displacement, direct expansion low- and medium temperature
commercial and industrial applications.
- Opteon™ XL41 (R-454B) is the lowest GWP Opteon™
replacement for R-410A in new equipment designs. Opteon™ XL41 has a
GWP of 467 and is the preferred option when the lowest GWP is
required to replace R-410A in positive displacement, direct
expansion air conditioning, heat pump and chiller
applications.
- Opteon™ XL55 (R-452B) is a low GWP replacement for
R-410A in new equipment designs, but with improved performance,
excellent design compatibility with R-410A equipment and lower 2L
flammability properties. Opteon™ XL55 has a GWP of 676 and
offers the optimal balance of performance, safety and design
compatibility when replacing R-410A in positive displacement,
direct expansion air conditioning, heat pump and chiller
applications. Its combination of design compatibility and reduced
compressor discharge temperature, as compared to other R-410A
alternatives such as R-32, enables OEMs to transition their R-410A
equipment platform with minimal re-design and capital
expenditures.
All of the refrigerants in the Opteon™ XL Series are currently
being tested by leading equipment manufacturers. Codes and
standards such as EN378 are also being modified to include class 2L
mildly flammable refrigerants. These codes and standards will
enable lower GWP 2L refrigerants to be used safely across a wide
range of applications.
The Opteon™ portfolio of fluorochemicals from Chemours
represents a breakthrough line of low GWP solutions. They were
developed to help meet increasingly stringent global regulations
while generally maintaining or improving performance compared to
the products they replace. As the leading supplier of more
environmentally sustainable refrigerants, Chemours has and
continues to invest hundreds of millions of dollars to develop this
portfolio of new products and additional capacity as the need for
low GWP solutions grows throughout the world.
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 8,000
employees across 35 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 our filings
with the Securities and Exchange Commission, including our annual
report on Form 10-K for the fiscal year ended December 31, 2015. Chemours undertakes no duty to
update any forward-looking statements.
CONTACT:
MEDIA:
Andrew
Abloeser
Global Marketing Communications
Consultant
+1.302.773.4502
andrew.abloeser@chemours.com
INVESTORS:
Alisha
Bellezza
Treasurer & Director of Investor
Relations
+1.302.773.2263
investor@chemours.com
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SOURCE The Chemours Company