WILMINGTON, Del., July 16, 2019 /PRNewswire/ -- The Chemours
Company (Chemours) (NYSE: CC), a global chemistry company with
leading market positions in fluoroproducts, titanium
technologies, and chemical solutions, announced today that Axima
Refrigeration France, a company of ENGIE Axima, a leading
contractor in HVAC, refrigeration and fire protection, and
headquartered in Paris, has chosen
to partner with Chemours to evaluate the use and future adoption of
Opteon™ XL low global warming potential (GWP) hydrofluoroolefin
(HFO) refrigerants in commercial refrigeration before the next
European F-Gas HFC cap and phasedown in 2021. As a first step
towards the reduction of CO2 quota, Axima Refrigeration
France has already adopted Opteon™ XP40 (R-449A) for retrofitting
existing R-404A systems.
The collaboration between Chemours and Axima Refrigeration
France around the future adoption of Opteon™ XL refrigerant aims at
providing the commercial refrigeration market with long-term
solutions under the F-Gas regulation that have a low environmental
impact while ensuring performance, safety, reliability, and
cost-efficiency. Both companies are committed to jointly
investigate the use of A2L refrigerants in commercial refrigeration
and support the transition by performing trials and developing case
studies, as well as best practices they will be jointly delivering
through training.
The recent adoption of Opteon™ XP40 (R-449A) by Axima
Refrigeration France is the first step towards this transition and
enables the company to ensure its customers business continuity.
Opteon™ XP40 (A1 class refrigerant) is currently the refrigerant of
choice among leading supermarkets, retailers, contractors,
distributors and end-users in the EU for retrofit, delivering
improved performance and energy efficiency with a more sustainable
environmental footprint, and offering over 65% reduction in GWP
compared to R-404A.
"Our two companies share the same objective to help the
commercial refrigeration market prepare for the 2021 HFC phasedown
that will reduce the available CO2 quota by 55%," says Diego
Boeri, vice-president, Chemours Fluorochemicals. "Axima's
strategy to select refrigerants below 1500 GWP such as Opteon™ XP40
for retrofits, and below 150 GWP such as Opteon™ XL for new
equipment, demonstrates the key role that Opteon™ plays today and
in the future to meet the needs of the commercial refrigeration
sector," he added.
"Axima Refrigeration is engaged for over 20 years now in
developing innovative and more sustainable refrigeration systems to
comply with its refrigerant policy, and its societal and
environmental responsibilities,"
says Laurent Meykuchel, CEO, Axima Refrigeration France. "With our
ILICO2 program promoting the use of energy efficient refrigerants
with GWP Gases less than 150 like Opteon™ XL, Axima refrigeration
fully aligns with the global strategy of Engie that is to drive the
market towards a Zero Carbon Transition."
Opteon™ low GWP HFO refrigerants are a portfolio of sustainable
and versatile refrigerants that meet the long-term needs of the
refrigeration, air conditioning, heat pump, and chiller markets.
They have been developed to help meet increasingly stringent global
regulations while maintaining or improving performance compared to
the products they replace, as well as encouraging more sustainable
refrigerant choices and equipment designs to reduce the carbon
footprint of the HVACR industry. Specifically, in Europe, the very low GWP Opteon™ XL
refrigerant portfolio supports the market transitions required by
the F-Gas Regulation and enables customers to select their optimal
solution – considering performance, safety, sustainability and
total cost of ownership.
For more information on Opteon™ refrigerants, please visit
opteon.com
About The Chemours Company
The Chemours Company (NYSE:
CC) 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 general industrial manufacturing. Our flagship products
include prominent brands such as Teflon™, Ti-Pure™, Krytox™,
Viton™, Opteon™, Freon™ and Nafion™. Chemours published its first
corporate responsibility commitment report in 2018, which
highlights goals aligned with the United Nations Sustainable
Development Goals. The company has approximately 7,000 employees
and 28 manufacturing sites serving approximately 3,700 customers in
over 120 countries. Chemours is headquartered in Wilmington, Delaware and is listed on the NYSE
under the symbol CC.
For more information, we invite you to
visit chemours.com or follow us on
Twitter @Chemours or LinkedIn.
Forward-Looking Statements
This press release
contains forward-looking statements, within the meaning of the safe
harbor provisions of the U.S. Private Securities Litigation Reform
Act of 1995, which involve risks and uncertainties. Forward-looking
statements provide current expectations of future events based on
certain assumptions and include any statement that does not
directly relate to a historical or current fact. The words
"believe," "expect," "will," "anticipate," "plan," "estimate,"
"target," "project" and similar expressions, among others,
generally identify "forward-looking statements," which speak only
as of the date such statements were made. These forward-looking
statements may address, among other things, the outcome or
resolution of any pending or future environmental liabilities, the
commencement, outcome or resolution of any regulatory inquiry,
investigation or proceeding, the initiation, outcome or settlement
of any litigation, changes in environmental regulations in the U.S.
or other jurisdictions that affect demand for or adoption of our
products, anticipated future operating and financial performance,
business plans, prospects, targets, goals and commitments, capital
investments and projects, plans for dividends or share repurchases,
sufficiency or longevity of intellectual property protection, cost
savings targets, plans to increase profitability and growth, our
ability to make acquisitions, integrate acquired businesses or
assets into our operations, and achieve anticipated synergies or
cost savings, and our outlook for net sales, Adjusted EBITDA,
Adjusted EPS, Free Cash Flow, Effective Tax Rate, and Return on
Invested Capital (ROIC), all of which 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 based on certain assumptions and
expectations of future events that may not be accurate or realized.
These statements are not guarantees of future performance.
Forward-looking statements also involve risks and uncertainties
that are beyond Chemours' control. Additionally, 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 U.S. Securities and
Exchange Commission, including in our Annual Report on Form 10-K
for the year ended December 31, 2018.
Chemours assumes no obligation to revise or update any
forward-looking statement for any reason, except as required by
law.
CONTACT:
NEWS MEDIA
Alexandra Zlatanov
Marketing
Communication Specialist, EMEA
+41 (0)22 719 15
72
media@chemours.com
INVESTORS
Jonathan
Lock
VP, Corporate Development and Investor
Relations
+1.302.773.2263
investor@chemours.com
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SOURCE The Chemours Company