Chemours Co Stock Price, News & Analysis

The Chemours Company (NYSE: CC) announced the resignation of Edwin Sparks, President of Titanium Technologies, effective March 31. Aditya Beri, VP of Supply Chain and Minerals, will serve as interim leader. Beri brings nearly 20 years of chemical industry experience, including over a decade at Chemours. CEO Mark Newman expressed confidence in Beri's ability to maintain business continuity and strategy, focusing on Ti-Pure™ Value Stabilization and sustainability initiatives. Chemours is committed to delivering value to its customers while continuing its strategic goals amidst this leadership transition.

The Chemours Company recently engaged in an interview with Gerardo Familiar, Head of its Hydrogen Economy Venture. He discussed the critical role of green hydrogen in achieving net-zero emissions and its potential to support energy-intensive sectors, notably steel production. The EU aims to produce 25 million tons of green hydrogen by 2030 under its REPowerEU strategy. Chemours is strategically investing $200 million to enhance the production of its Nafion ion exchange membranes, crucial for hydrogen applications. This plan includes a joint venture to accelerate fuel cell production, addressing the rising demand amid global energy challenges.

Chemours (NYSE: CC), a global leader in chemistry, announced the winners of its 2022 Responsible Supplier Awards on March 3, 2023. Recognizing excellence in sustainability, the awards honored five companies from over 10,000 suppliers across categories including Logistics, Indirect and Direct Materials, and Capital. PT. Yosomulyo Jajag was awarded Star Supplier for the highest year-to-year improvement. Chemours emphasizes sustainability and collaboration, highlighting the importance of supplier partnerships in enhancing corporate responsibility. The company continues to assess sustainability performance annually to encourage continuous improvement.

The Chemours Company highlights the legacy of St. Elmo Brady, the first African American to earn a Ph.D. in chemistry, during Black History Month. Brady's commitment to building STEM programs at HBCUs laid the foundation for diversity in the field. Despite progress, Black Americans remain underrepresented in STEM, comprising only 9% of the workforce. Chemours aims to tackle this issue by investing in educational initiatives like the ChemFEST School Partnership Program, which promotes STEM engagement in underserved communities. The company emphasizes the need for a diverse workforce to foster innovation and address future workforce demands.

The Chemours Company (NYSE: CC) has announced its 2022 Responsible Supplier Award winners, recognizing five suppliers for their sustainability advancements in its supply chain. Selected from over 10,000 suppliers globally, the awards highlight commitments to quality, innovation, and sustainability. Categories include Logistics, Indirect Materials, Direct Materials, Capital, and a Star Supplier award for the highest year-to-year sustainability improvement. Chemours emphasizes sustainability as a core business priority, underlining the importance of collaboration with suppliers to enhance corporate sustainability performance.

Chemours and EastSide Charter School have commenced construction on a new 24,000 square foot STEM facility called the Chemours STEM Hub in Wilmington, Delaware. This initiative is backed by a $4 million grant through the ChemFEST school partnership program, intended to enhance access to STEM education for diverse student populations. The facility will not only serve as an educational resource but also function as a community center offering programs in robotics, coding, and renewable energy. Scheduled for completion by the 2024-2025 school year, the Hub aims to create a pipeline of future STEM talent, promoting skills development and career opportunities in the region.

The Chemours Company (NYSE: CC) has launched its innovative Track & Trace technology, enhancing order tracking for Ti-Pure™ Flex and Connect customers. This real-time visibility solution offers step-by-step shipment updates, improving supply chain efficiency and transparency. The beta version includes global ocean tracking and road monitoring across North America and Europe. Aditya Beri, VP of Titanium Technologies, emphasized the importance of customer-centered innovation in logistics. Chemours continues to invest in digital technologies to optimize the customer experience and maintain competitive advantage in the TiO₂ market.