Chemours Expects Opteon™ Portfolio to Reduce Greenhouse Gas by 325 Million Tons by 2025
Wilmington, Del. — The Chemours Company (Chemours) (NYSE: CC), a global chemistry company with market positions in titanium technologies, fluoroproducts and chemical solutions, announced today that it has increased the expected greenhouse gas reduction provided by its Opteon™ portfolio by over 8 percent. The company now expects that its low global warming potential (GWP) product line will eliminate an estimated 325 million tons CO2 equivalent by 2025 on a global basis.
This new announcement comes in support of today’s call from global leaders of more than 100 countries to amend the Montreal Protocol in order to accelerate the phasedown of hydrofluorocarbons (HFCs). The proposed amendment would include an early first reduction step for Article 2 countries and an early freeze date for Article 5 countries.
“Chemours fully supports the continued effort to reduce the use and emissions of high GWP HFCs,” said Paul Kirsch, president of Chemours Fluoroproducts. “We believe that our portfolio of Opteon™ low GWP solutions provides the industry with a clear path forward when it comes to transitioning to more sustainable alternatives, without reducing performance.”
The Opteon™ portfolio of fluorochemicals from Chemours represents a breakthrough line of low GWP solutions. Based on hydrofluoro-olefin technologies such as HFO-1234yf and HFO-1336MzzZ, the portfolio was developed to help meet increasing global HFC regulations while maintaining or improving performance compared to incumbent products. Chemours has commercialized Opteon™ products for use in automotive air conditioning, stationary and transport refrigeration and chillers. The company also has a development pipeline of additional Opteon™ solutions for stationary air conditioning, foam blowing agents and waste heat recovery.
Chemours recently announced two major investments in the large scale manufacturing of Opteon™ products. In May of 2016, the company announced that it will invest hundreds of millions of dollars over the next three years to construct a new HFO-1234yf plant in Corpus Christi, Texas, with expected start-up in the second half of 2018. In November of 2015, the company also officially broke ground on the world’s first full-scale production facility for HFO-1336mzzZ, with expected production beginning mid-year 2017. These investments will provided increased capacity for low GWP refrigerants and blowing agents, allowing Chemours to provide its customers with the solutions they need to meet the changing regulations within the industry.
For more information, visit Opteon.com.