WILMINGTON, Del., Nov. 14, 2019 /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 G.I. Industrial
Holding, a group of leading companies in the comfort and industrial
cooling industry present in Europe, Africa, Middle
East and Asia, and
headquartered in Latisana, Italy,
has adopted Opteon™ XL41 (R-454B) and Opteon™ XL55 (R-452B) low
Global Warming Potential (GWP) hydrofluoroolefins (HFO)
refrigerants as the R-410A replacement for their screw chiller
systems. The selection of Opteon™ XL refrigerants by G.I.
Industrial Holding has been made in close collaboration with
Chemours and Italian distributor Rivoira Refrigerant Gases. This
selection demonstrates the commitment of major industry players
across the value chain to provide the chiller market with
long-term, sustainable solutions ahead of the upcoming 2021
European F-Gas HFC cap and phase down.
Opteon™ XL41 (R-454B) and XL55 (R-452B) are HFO A2L class
refrigerants for new equipment with similar capacity and improved
energy efficiency compared to R-410A, as well as a close match in
compressor discharge temperature. With a 78% reduction in GWP
compared to R-410A, Opteon™ XL41 offers the lowest GWP, and
correspondingly longer-term solution, to replace R-410A.
Opteon™ XL55 provides a 65% reduction in GWP vs. R-410A (similar
to the reduction in GWP with R-32) but enables faster market
implementation due to the fact that it is the closest overall
performance match to R-410A, resulting in minimal equipment
redesign and cost.
"Our product portfolio is the very first in the HVAC sector to
offer a complete range of high-efficiency AC & chiller units
with the more sustainable refrigerant R-452B instead of traditional
R-410A used in scroll compressors. Along with its 65% lower GWP,
similar or better performance vs. R-410A, Ecodesign compliance and
compatibility with the full G.I. Industrial Holding product range
(liquid chillers, heat pumps and multifunctional units from 50 to
1,220 kW), the use of R-452B combines the key elements of
the CLINT and KTK brands philosophy: Respect for the Environment,
Efficiency, and Versatility," says Enrico
Pin, Product Marketing Manager, G.I Industrial Holding.
"Recently, we have also qualified R-454B and released compatible
equipment that brings a longer-term solution to the chiller
market," he added.
"As Chemours long-term partner and key Italian Gas distributor,
we are actively engaged in supporting the market readiness of A2L
HFO refrigerants by providing customers with technical and
commercial support to facilitate the transition to these low GWP
refrigerants. The switch from high GWP gases to more sustainable
solutions can be a challenging journey for customers and we believe
the cooperation of highly professional companies such as Chemours,
G.I Industrial and Rivoira can bring success," says Alessandro
Paschero, Business Manager, Rivoira Refrigerant Gases. "We are
convinced that lower flammable solutions such as Opteon™ XL41 &
XL55 will be extensively used in air-conditioning applications in
the future, and therefore have invested in a new filling station
that can store up to 200,000 kg of A2L refrigerants," he added.
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. For more information on G.I. Industrial Holding, please
click here.
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
David Rosen
Executive and Financial Communications Manager
+1.302.773.2711
media@chemours.com
Alexandra Zlatanov
Marketing Communications Specialist, EMEA
+41 (0)22 719 15 72
Alexandra.Zlatanov@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