WILMINGTON, Del., April 22, 2021 /PRNewswire/ -- The Chemours
Company (Chemours) (NYSE: CC), a global chemistry company with
leading market positions in Titanium Technologies, Thermal &
Specialized Solutions, Advanced Performance Materials, and Chemical
Solutions, today announced a partnership with the American
Forest Foundation (AFF) to preserve
and enhance family-owned forest lands in West Virginia to help combat climate
change.
Chemours, through its Vibrant Communities Initiative, will
provide a $260,000 grant to help fund
the expansion of the Family Forest Carbon Program (FFCP) into West
Virginia. Chemours funding will enable incentives to enroll
6,500 acres of family-owned forest land – one acre for each of
Chemours' 6,500 employees -- to implement management practices to
grow the economic and environmental value of their forested
properties over time.
The FFCP – an initiative designed to benefit the climate as well
as other forest values including biodiversity, wildlife
enhancement, and clean water - has been piloted in sixteen counties
in Pennsylvania to date, and has
proven effective in engaging family landowners and providing them
tools and financial support to improve the health of their forested
lands and generate climate benefits. The Chemours-supported phase
of the program will roll out in West
Virginia throughout 2021 and 2022.
Sheryl Telford, Chief
Sustainability Officer for Chemours, explained the significance of
the grant: "Chemours applauds and supports the AFF in effecting
substantial environmental change by improving owner-access to
practices that positively impact climate, wildlife, and water."
The AFF mission is to deliver meaningful conservation impact
through the empowerment of family forest landowners. Forests
consume carbon through photosynthesis, reducing the effects of
climate change by reducing overall carbon dioxide in the
atmosphere. The Chemours Vibrant Communities grant is an important
step in achieving progress on the goal of accessing 30,000 acres of
West Virginia family-owned forests
to effect forest management improvement maximizing long-term carbon
sequestration and storage availability.
For additional information:
https://www.forestfoundation.org/carbon
About The Chemours Company
The Chemours Company
(Chemours or the Company) (NYSE: CC) is a global leader in Titanium
Technologies, Thermal & Specialized Solutions, Advanced
Performance Materials, and Chemical Solutions providing its
customers with solutions in a wide range of industries with
market-defining products, application expertise and chemistry-based
innovations. We deliver customized solutions with a wide range of
industrial and specialty chemicals products for markets, including
coatings, plastics, refrigeration, and air conditioning,
transportation, semiconductor and consumer electronics, general
industrial, mining and oil and gas. Our flagship products
include prominent brands such as Ti-Pure™, Opteon™, Freon™,
Nafion™, Krytox™, Teflon™, and Viton™. In 2019, Chemours was named
to Newsweek's list of America's Most Responsible Companies. The
company has approximately 6,500 employees and 30 manufacturing
sites serving approximately 3,300 customers in approximately 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 Section
27A of the Securities Act of 1933 and Section 21E of the Securities
Exchange Act of 1934, 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
for our segments individually and our company as a whole, business
plans, prospects, targets, goals and commitments, capital
investments and projects and target capital expenditures, plans for
dividends or share repurchases, sufficiency or longevity of
intellectual property protection, cost reductions or 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, 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.
In addition, the current COVID-19 pandemic has significantly
impacted the national and global economy and commodity and
financial markets, which has had and we expect will continue to
have a negative impact on our financial results. The full extent
and impact of the pandemic is unknown and to date has included
extreme volatility in financial and commodity markets, a
significant slowdown in economic activity, and increased
predictions of a global recession. The public and private sector
response has led to significant restrictions on travel, temporary
business closures, quarantines, stock market volatility, and a
general reduction in consumer and commercial activity globally.
Matters outside our control have affected our business and
operations and may or may continue to limit travel of employees to
our business units domestically and internationally, adversely
affect the health and welfare of our personnel, significantly
reduce the demand for our products, hinder our ability to provide
goods and services to customers, cause disruptions in our supply
chains, adversely affect our business partners or cause other
unpredictable events. 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, 2020.
Chemours assumes no obligation to revise or update any
forward-looking statement for any reason, except as required by
law.
CONTACT:
INVESTORS
Jonathan
Lock
VP, Corporate Development and Investor Relations
+1.302.773.2263
investor@chemours.com
NEWS MEDIA
Thomas
Sueta
Director, Corporate Communications
+1.302.773.3903
media@chemours.com
View original content to download
multimedia:http://www.prnewswire.com/news-releases/chemours-announces-investment-in-family-forests-program-301274530.html
SOURCE The Chemours Company