Chemours-the inventors of Freon and
The strategy aligns with regulatory phasedowns of hydrofluorocarbons (HFCs), outlined under the American Innovation and Manufacturing (AIM) Act and
'This decision supports our commitment to creating a better world through the power of our chemistry, advancing decarbonization, circularity, and socioeconomic value through greener solutions industrywide,' said
Chemours continues to work closely with its customers and partners to provide them with the best alternatives for their applications and markets, ensuring a smooth and seamless transition. Opteon XP40, (R-449A) is a cost-effective solution for existing R-404A/R-507 applications, offering superior performance, energy efficiency, and environmental benefits. Opteon XL40 (R-454A) and XL20 (R-454C) products are excellent solutions for new equipment that will meet the future EPA Technology Transition rules.
By ceasing the provision of higher GWP refrigerants in the market, Chemours is making a clear and decisive move towards real change, underlining the urgent need for industry-wide commitment to this global responsibility. Chemours will continue investing in research and development to drive the innovation of next-generation refrigerants and other sustainable solutions.
Chemours supports the spirit of the AIM Act. That is, to drive the market toward more sustainable chemistry by limiting the sales of legacy high global warming potential HFC materials. Now is the time to recognize these limits and embrace the opportunities for innovation and sustainable change. Chemours will continue to pave the way for this technology transition in next-generation refrigerant solutions by working closely with OEMs, and offering customers technical training opportunities, product guidance, and tailored support to address their specific needs. We believe that together, the future of refrigerants can be easy.
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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, expected contributions to customers' sustainability targets, our ability to meet future EPA Technology Transition rules, plans to continue investment in research and development, and plans regarding the technology transition in next-generation refrigerant solutions, 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, such as full year guidance relying on models based upon management assumptions regarding future events that are inherently uncertain. These statements are not guarantees of future performance. Forward-looking statements also involve risks and uncertainties that are beyond Chemours' control. Matters outside our control, including general economic conditions, geopolitical conditions and global health events, and changes in environmental regulations in the
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