12 February 2019
DETAILS
World's Largest HFO-1234yf Production Facility
Begins Operations in Corpus Christi, Texas
The Chemours Company (Chemours) (NYSE: CC),
a global chemistry company with leading market positions
in fluoroproducts, today announced
the startup of the new Opteon™ YF (HFO-1234yf)
low global-warming-potential (GWP) refrigerant
production facility at its
Corpus Christi manufacturing plant
in Ingleside, Texas, USA.
This facility will enable Chemours
to triple the global capacity of
its hydrofluoroolefin (HFO) 1234yf-based products
to meet increasing market demands
for more environmentally sustainable
refrigerants and blends.
The Opteon™ YF (HFO-1234yf) refrigerant
production facility is the largest such facility
in the world.
It comes at a critical time when the world is transitioning
to the next generation of refrigerants
to achieve long-term sustainability.
Our Opteon™ YF refrigerant used in
automotive air conditioning has
a GWP that is 99.9% lower
than the refrigerant it replaces.
This helps lower the greenhouse gas footprint
for motor vehicles and is a significant path
to meeting environmental global-warming regulations
around the world.
The expanded capacity will also enable Chemours
to meet the growing need
for next-generation refrigerants in
stationary air conditioning, refrigeration, and chillers.
Paul Kirsch,
President of Chemours Fluoroproducts
"Our U.S. facility reinforces our commitment
to meet the needs of
our mobile and stationary refrigerant customers
through unmatched capacity, capability, and quality.
This also means our production facilities
will be closer to our customers
in North America and Europe,
as well as around the world."
This investment to build world-scale manufacturing capability
has resulted in hundreds of U.S. jobs
ranging from R&D, manufacturing, construction support,
and associated businesses
that supply our new manufacturing plant.
The Corpus Christi site uses an innovative, patented process
to manufacture Opteon™ YF for
automotive air conditioning and
refrigerant blends that are used
across a range of applications.
This ongoing innovation by Chemours
has consistently positioned
its fluorochemicals business
as a leader in refrigerant solutions for nearly 90 years.
Mark Vergnano,
Chemours president and CEO
"The startup completes the final phase
of the $300 million project we started in 2016,
which triples supply capacity of Opteon™ YF
across multiple industries and applications,"
"This milestone is a tangible example
of our steadfast commitment to providing
the world with low GWP refrigerant products
that are better for the environment."
CONTACT:
NEWS MEDIA
Maria Chacon
Sr. Global Marketing Communications Manager, Fluorochemicals
+1.302.773.4510
media@chemours.com
INVESTORS
Jonathan Lock
VP, Corporate Development and Investor Relations
+1.302.773.2263
investor@chemours.com
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