WILMINGTON, Del., Oct. 17, 2016 /PRNewswire/ -- The Chemours
Company (Chemours) (NYSE: CC), a global chemistry company with
leading market positions in titanium technologies, fluoroproducts
and chemical solutions, commends the Parties to the Montreal
Protocol for the critical United Nations agreement to address
climate change potential. Paul
Kirsch, president, Chemours Fluoroproducts, said the
following today regarding the agreement.
"Chemours congratulates the United Nations for its agreement to
amend the Montreal Protocol to address high global warming
potential hydrofluorocarbons (HFCs) and wishes to recognize the
tireless efforts of the United States Delegation consisting of the
US EPA and US State Department.
"The Montreal Protocol has been hailed as the world's most
effective climate treaty by reducing CO2 equivalent
emissions nearly twenty times more than the initial commitment
period of the Kyoto Protocol.
"Chemours recognizes the need for concerted action to avoid
significant growth in greenhouse gas emissions, including those
associated with the use of HFCs in different applications. The
Protocol provides a proven, consistent, and well understood
framework that allows the global community to greatly reduce
greenhouse gas emissions while ensuring that consumers and
businesses experience a smooth transition to newer, more
sustainable products.
"Many of the governments of the world, including the European
Union, Canada, Japan, South
Korea, Australia, and
United States, have already
started efforts to reduce the use of HFCs, which have high global
warming potential. Coordinating these efforts will provide a much
more effective model. Such efforts are increasingly possible due to
the availability of viable, cost-effective options that help
deliver significant reductions in direct and indirect greenhouse
gases through superior energy efficiency.
"That is why Chemours has already commercialized our Opteon™
product line for use in applications such as refrigeration, air
conditioning, foam insulation and waste heat recovery. It is
critical that all stakeholders work to meet sustainability goals
while ensuring cost-effective solutions and without limiting global
trade.
"Chemours has invested hundreds of millions of dollars in the
development of hydrofluoroolefin (HFO)-based alternatives and
blends with low global warming potential. Such alternatives can
replace products with high-global warming potential, while
providing the same critical benefits to customers and
consumers.
"Automakers globally are rapidly converting to use of HFO-1234yf
(Opteon™ YF) for new vehicle air conditioning systems. Chemours
expects at least 24 million vehicles to be on the road using
HFO-1234yf by the end of 2016, with an estimated 50 million
vehicles using it by the end of 2017.
"Air conditioning and refrigeration equipment manufacturers are
developing equipment that can use the new alternatives and
companies are reformulating foams and other products with the new
HFO-based alternatives. In addition to lowering the potential
global warming impact of products and applications, these new
solutions from Chemours offer additional benefits such as increased
energy efficiency.
"As Chemours announced last month, we estimate that use of our
HFO-based solutions will achieve a reduction of 325 million CO2 ton
equivalents by 2025. Our Opteon™ product line is the key to this
reduction, and will be instrumental to enabling further reductions
that would be achieved through a Montreal Protocol amendment."
For More Information Visit Opteon.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 8,000 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