WILMINGTON, Del., May 12, 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, was recently recognized for its donation to an
innovative, sustainable refrigeration system installed in Gem City
Market - a newly opened community co-op that supports the
elimination of a food desert in downtown Dayton, Ohio. Food
deserts are defined as regions with a 20% or greater poverty rate
and where a third or more of the residents live more than one mile
from retail outlets selling healthy and affordable food. As
part of the system architecture designed by Emerson at the Helix
Innovation Center and built by Hussmann, Opteon™ XP10 (R-513A) was
chosen as the refrigerant solution providing the best overall
balance of performance, efficiency, safety, and cost.
Gem City Market was built, and is owned by, the Dayton community
with member-owners and loyal customers being vital to the market's
success. Chemours, Emerson and Hussmann donated the refrigeration
equipment as part of a collaborative effort to offer a sustainable
solution for the community.
Opteon™ XP10 (R-513A) is a sustainable, low global warming
potential (GWP), non-ozone depleting (ODP) refrigerant offering
long-term environment benefits and system improvements over other
refrigerant options such as R-404A, CO2 (R-744),
hydrocarbons, and R-134a. The non-flammable, low toxicity
refrigerant has unique thermodynamic properties enabling high
energy efficiency for both low (frozen food) and medium (produce,
dairy, meat) temperature applications.
"The opportunity to support the Gem City Market co-op is a great
example of our commitment to help address the issues affecting low
income communities around the nation, while offering solutions that
help reduce carbon emissions," stated Joseph Martinko, Sr. Business Director,
Americas, Thermal & Specialized Solutions
The store will utilize an innovative system architecture
developed by Emerson known as the Copeland scroll booster.
Donations to Gem City Market included assembly components and ten,
low temperature booster systems from Emerson, an assembled
refrigeration system from Hussmann, and low-GWP (AR4 631), Opteon™
XP10 refrigerant from Chemours.
Utilizing a single, low-GWP refrigerant throughout the entire
store helps maintain a simple and more cost-effective system over
its lifetime. Opteon™ XP10 offers an 85% reduction in GWP
compared to R-404A, a legacy refrigerant that would typically be
used for a food retail application like this.
"Eliminating food deserts and ensuring everyone has access to
fresh high-quality food is a basic human right. Partnerships
with companies like Emerson and Hussmann allow us to not only
support the community but grant access to next generation
technologies that will help the Gem City Market remain compliant
and minimize operating costs long term," said Charles Allgood, Refrigerants Technology Leader
at Chemours.
Opteon™ XP10 offers an environmentally and economically
sustainable solution for this new state-of-the-art architecture
from Emerson and Hussmann enabling a highly efficient refrigeration
system for Gem City Market. The reduced energy usage will pay
dividends for decades to come in the form of lower electrical
bills, which can represent a large percentage of a store's overall
operating costs.
For more information, please visit opteon.com.
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 Quarterly Report on Form 10-Q for the
quarter ended March 31, 2021 and 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:
NEWS MEDIA
Thomas Sueta
Director, Corporate Communications
+1.302.773.3903
media@chemours.com
INVESTORS
Jonathan Lock
VP, Corporate Development and Investor Relations
+1.302.773.2263
investor@chemours.com
View original content to download
multimedia:http://www.prnewswire.com/news-releases/chemours-supports-local-community-with-sustainable-low-gwp-opteon-xp10-refrigerant-301290162.html
SOURCE The Chemours Company