WILMINGTON, Del., April 1, 2019 /PRNewswire/ -- The Chemours
Company (Chemours) (NYSE: CC), a global chemistry company with
market leading fluoroproducts announced today that Opteon™ XP40
(R-449A), its low global-warming-potential (GWP) hydrofluoroolefin
(HFO) refrigerant, has been selected by Korea's largest hypermarket
chain, E-mart, for use in their refrigeration systems.
The adoption of low GWP refrigerants is a critical step for
E-mart to fulfill its commitment to sustainability. The adoption of
Opteon™ XP40 refrigerant will help improve the energy efficiency in
E-mart stores across Asia Pacific
with added benefits such as product quality to end customers.
E-mart is aggressively expanding its scale and aims to have more
than 200 stores operating with Opteon™ XP40 refrigerant by
2030.
Opteon™ XP40 provides a non-ozone depleting, low GWP HFO based
refrigerant replacement for R-404A, R-407A, and R-22 in commercial
refrigeration applications. With a GWP of 1282 (AR5), Opteon™ XP40
refrigerant reduces carbon dioxide (CO2) emissions by
67% and improves energy efficiency by up to 12% when compared to
R-404A. Additionally, Opteon™ XP40 also reduces CO2 by
33% when compared to R-407A. The significant reduction in GWP
with improving energy efficiency makes Opteon™ XP40 an optimal
solution for retailers to stay ahead of global environmental
regulations, without sacrificing system performance or long-term
sustainability goals.
"It's great to see E-mart proactively securing a long-term,
sustainable refrigerant choice ahead of environmental regulations
in the Asia Pacific region." said
Diego Boeri, vice president of
Chemours Fluorochemicals. "Opteon™ XP40 has been widely accepted by
many of the world's largest food retailers, and through this,
Chemours has built a successful track record in leading and
supporting the transition to low GWP refrigerant solutions. We are
pleased to see E-mart leading the transition in Korea."
Chemours is proud to offer a full portfolio of low GWP
refrigerant solutions to enable customers to meet their regulatory
obligations while also achieving economic and environmental
sustainability goals. Opteon™ XP40 is part of a broad portfolio of
refrigerant solutions for commercial refrigeration, chillers, air
conditioning & heat pumps that allow the market to choose the
optimal solution to meet their needs.
To learn more about Opteon™ XP40 (R-449A), please 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
fluoroproducts, chemical solutions, and titanium technologies,
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
refrigeration and air conditioning, mining and general industrial
manufacturing, plastics and coatings. Our flagship products
include prominent brands such as Teflon™, Ti-Pure™, Krytox™,
Viton™, Opteon™, Freon™ and Nafion™. Chemours has approximately
7,000 employees and 28 manufacturing sites serving approximately
3,700 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 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:
NEW MEDIA
Maria
Chacon
Sr. Global Marketing Communications
Manager,
Fluorochemicals
+1.302.773.4510
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