WILMINGTON, Del., Aug. 25, 2015 /PRNewswire/ -- Chemours announced
today that two new Opteon™ refrigerants with low global warming
potential (GWP) are now commercially available in the United States. These are the first in a
portfolio of low GWP stationary refrigerants that Chemours will
introduce to the U.S. in the next few years.
The U.S. Environmental Protection Agency recently approval these
new products, Opteon™ XP40 (R-449A) and Opteon™XP10 (R-513A), under
the Significant New Alternatives Policy (SNAP) Program for use in
commercial refrigeration and air conditioning applications.
The SNAP Program supports the transition away from
ozone-depleting compounds by identifying permitted substitutes that
offer lower overall risks to human health and the environment. The
commercialization of Opteon™ XP40 and Opteon™XP10 will help the
industry transition away from products that EPA has removed from
the SNAP list in applications such as commercial refrigeration and
air conditioning.
As recently announced, Chemours has significantly increased
capacity for Opteon™ YF (HFO-1234yf). As the world's
HFO-1234yf capacity leader, Chemours is uniquely positioned to
support its customers' growing need for low-GWP products in
commercial refrigeration, mobile air conditioning and other
applications.
"There is a significant shift within the HVACR industry toward
offerings with low global warming potential," said Thierry F.J.
Vanlancker, president, Chemours Fluoroproducts. "Opteon™ low GWP
products from Chemours provide critical solutions in response to
the regulatory and sustainability demands throughout the world.
These solutions not only enable our customers to meet these
stringent demands, but they also improve energy efficiency and
thereby further reduce the overall climate impact."
Contractors, supermarkets and other equipment owners can rely on
the Opteon™ family of refrigerants to ease the transition away from
high GWP refrigerants such as R-404A, 507 and 134a. Opteon™ XP40
delivers a 67 percent lower GWP and an 8-12 percent gain in energy
efficiency compared to R-404A. Opteon™ XP10 offers a 56 percent
lower GWP than R-134a. Both products have been approved by
major original equipment manufacturers.
As the leading industry supplier of more environmentally
sustainable refrigerants, foams and aerosol propellants, Chemours
has invested hundreds of millions of dollars to bring to the market
new Opteon™ 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.
About The Chemours Company
The Chemours Company 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
9,000 employees across 37 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.
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CONTACT:
MEDIA:
Janet
Smith
Global Public Affairs 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 Chemours