Chemours Co Stock Price, News & Analysis

The Chemours Company (NYSE: CC) has initiated construction on a new 24,000 sq. ft. STEM facility at EastSide Charter School, Wilmington, DE. This Chemours STEM Hub aims to enhance access to STEM education for local students. Funded partly by a $4 million grant announced in 2021, the Hub will feature various educational spaces and community programs, including robotics and coding. Expected completion is set for the 2024-2025 school year. The initiative underscores Chemours' commitment to developing underserved communities and fostering a diverse pipeline of future STEM talent.

Chemours celebrates Minjin Kim as a winner in the 2023 Engineered Systems 20 to Watch: Women in HVAC contest. This recognition, now in its fifth year, highlights influential women in the industry. Kim, a Global Market Leader at Chemours, focuses on developing new refrigerant solutions and expanding markets. Her work emphasizes sustainability in HVACR. This marks the second consecutive year a Chemours team member has won this award, following Stefanie Kopchick's recognition in 2022. Kim's career spans nearly 13 years in the chemical sector, advocating for gender equality and encouraging young women to pursue engineering careers.

The Chemours Company (NYSE: CC) launched its new Opteon™ XL41 refrigerant, aimed at replacing R-410A, with orders starting in December 2022 and fulfillment expected by the end of Q1 2023. This refrigerant boasts zero ozone depletion potential and approximately 78% lower global warming potential compared to R-410A, aligning with upcoming HFC regulations due to the American Innovation and Manufacturing Act. The company plans a $80 million expansion at its Texas facility to boost production capacity by 40%. Major manufacturers like Carrier and Johnson Controls have already selected Opteon™ XL41 for their systems, enhancing Chemours' market position.

Chemours has reinforced its commitment to sustainability with its Corporate Responsibility Commitment (CRC) established in 2018, driving ten strategic goals aligned with the United Nations Sustainable Development Goals by 2030. The initiative aims to enhance its sustainable portfolio, minimize environmental impact, and strengthen community investment while promoting safety and diversity within its workforce. With 6,400 employees globally, Chemours is actively participating in initiatives like Remove2Reclaim to foster plastic circularity and is involved in the European Green Deal, indicating a robust engagement in sustainable manufacturing and environmental stewardship.

The Chemours Company (NYSE: CC) will announce its fourth quarter 2022 financial results on February 9, 2023, after market close. A conference call is scheduled for February 10, 2023, at 8:00 a.m. EST, allowing more Q&A and discussions. The complete earnings press release, charts, and a transcript will also be made available on February 9. Chemours, a leader in Titanium Technologies and other advanced materials, serves approximately 3,200 customers across 120 countries with products like Ti-Pure™ and Teflon™.

Chemours is investing $200 million in its Villers-Saint-Paul, France facility to enhance production capacity for its Nafion™ ion exchange materials, vital for the hydrogen economy. This investment aims to meet the rising demand for clean hydrogen generation and supports the EU's clean energy transition. The expansion will create approximately 130 jobs and bolster Chemours' commitment to sustainable manufacturing. The project awaits customary permits and licenses.