Welcome to our dedicated page for Chemours Co news (Ticker: CC), a resource for investors and traders seeking the latest updates and insights on Chemours Co stock.
The Chemours Company (NYSE: CC) is a global chemistry company active in industrial and specialty chemicals, with operations organized into Thermal & Specialized Solutions, Titanium Technologies, and Advanced Performance Materials. News about Chemours often centers on developments in these three businesses, including demand trends for Opteon™ and Freon™ refrigerants, Ti-Pure™ titanium dioxide pigments, and advanced materials sold under brands such as Nafion™, Teflon™, Viton™, and Krytox™.
Investors and industry followers tracking CC news can expect regular updates on segment performance, including net sales and Adjusted EBITDA trends in Thermal & Specialized Solutions, Titanium Technologies, and Advanced Performance Materials as reported in quarterly results. Company announcements also cover strategic agreements, such as Chemours’ collaboration with SRF Limited in India to support supply for fluoropolymers and fluoroelastomers, and technology milestones like the successful qualification of Opteon™ two-phase immersion cooling fluid by Samsung Electronics for high-performance storage applications.
Chemours’ news flow additionally includes information on environmental and legal matters, such as the proposed judicial consent order with the State of New Jersey to resolve statewide environmental and PFAS-related claims, as well as capital structure actions like credit agreement amendments and receivables purchase arrangements. Governance and leadership updates, including board leadership changes and executive appointments in key segments like Titanium Technologies, also appear in company communications.
This CC news page on Stock Titan aggregates these company-issued updates and related coverage so readers can follow Chemours’ financial results, strategic initiatives, regulatory developments, and leadership changes over time. For those analyzing Chemours, monitoring its news can provide context on how the company is executing its Pathway to Thrive strategy, managing its portfolio, and responding to market and regulatory dynamics across its core chemical businesses.
Chemours' Chief Sustainability Officer, Amber Wellman, emphasizes the importance of partnerships in creating a more sustainable world. The company's sustainability strategy is organized around four pillars: Environmental Leadership, Innovation & Sustainable Solutions, Community Impact, and Greatest Place to Work.
Key highlights include:
- 52% reduction in Scope 1 and 2 GHG emissions since 2018
- 48% of revenue from products contributing to UN SDGs
- $5.6 million in community grants awarded in 2023
- 15 global regions certified as Great Place to Work®
Chemours is strengthening partnerships to accelerate progress, such as collaborating with the Wildlife Habitat Council and participating in the Clean Hydrogen Partnership. The company remains committed to its 2030 sustainability goals and continues to seek ways to improve performance and increase impact.
Chemours CEO Denise Dignam reaffirms the company's commitment to sustainability in the face of challenges. The company has made significant progress towards its Corporate Responsibility Commitment goals, focusing on improving lives, powering progress, and protecting the planet. Chemours is integrating sustainability into business decisions and actions across the organization.
Key points include:
- Advancing sustainable innovations and reducing operational impact
- Partnering with stakeholders to address global challenges
- Investing in emissions control technologies and reducing energy and water consumption
- Setting ambitious environmental goals and promoting greater circularity
- Renewing commitment to the Ten Principles of the United Nations Global Compact
Dignam emphasizes that responsible manufacturing is crucial, and Chemours continues to be an environmental leader in the industry. The company's 2023 Sustainability Report details milestones achieved and outlines future sustainability efforts.
Chemours has been recognized by the U.S. Department of Energy for achieving its emissions reduction goal as part of the Better Climate Challenge. The company has reduced scope 1 and scope 2 greenhouse gas emissions by 58% through decarbonization efforts across its U.S. operations. This achievement aligns with Chemours' 2030 Sustainability Goals and its participation in the DOE's Better Climate Challenge and Better Plants Challenge.
Dr. Amber Wellman, Chemours' Chief Sustainability Officer, expressed pride in surpassing the goal ahead of schedule and emphasized the company's commitment to sustainability. The DOE's Better Buildings Initiative, which includes these challenges, has helped partners save nearly $22 billion in energy costs and avoid over 220 million metric tons of greenhouse gas emissions. Chemours is recognized as a market leader in setting portfolio-wide emissions reduction goals and sharing strategies with others.
Chemours is playing a important role in advancing the electric vehicle (EV) revolution through innovative chemistry solutions. The company's products enhance EV performance, sustainability, and manufacturing efficiency:
1. Advanced fluoropolymers in battery production accelerate manufacturing and eliminate hazardous solvents.
2. High-performing fluoroelastomers and fluoropolymers improve durability in critical parts like cables, seals, and gaskets.
3. Low global warming potential fluorinated gases enable cabin comfort, battery cooling, and extended driving ranges.
4. Advanced lubricants and fluoropolymers reduce vibration and noise, enhancing ride quality.
Chemours' Battery Innovation Center focuses on developing novel battery technologies to further improve EV performance and sustainability.
Chemours (NYSE: CC) has developed a low global warming potential (GWP) refrigerant retrofit approach for the automotive aftermarket. This innovative solution will allow older vehicles to easily and cost-effectively transition from the legacy R-134a refrigerant to the climate-friendly Opteon™ YF (R-1234yf) refrigerant. The retrofit procedure is designed to be simple and safe for vehicle owners and service technicians.
Opteon™ YF, developed to replace R-134a in new mobile HVAC systems, is currently used in 250 million light-duty vehicles. By 2025, Chemours expects its Opteon™ portfolio to eliminate an estimated 325 million tons of carbon dioxide equivalent. This retrofit approach is a significant step in supporting global climate targets and regulations, especially considering the millions of vehicles still using R-134a.
Chemours, a global leader in performance chemistry, has released its 2023 Sustainability Report, showcasing progress in resource efficiency and circularity. A key highlight is the international F-gas Lifecycle Program launched by its Thermal & Specialized Solutions business. This initiative aims to advance the recovery, reclaim, and reuse of fluorinated gases across Chemours' product portfolios, including Opteon™, Freon™, and FM-200™.
The program supports Chemours' commitment to a circular economy and aligns with UN Sustainable Development Goals. It also contributes to net zero objectives through emission reduction. Joe Martinko, President of Thermal & Specialized Solutions, emphasized the program's importance in reducing emissions throughout the product lifecycle. F-gases offer advantages over 'natural' alternatives, as they can be recovered, reclaimed, and reused across multiple applications, maximizing resource efficiency and minimizing waste.
Chemours has opened its new Chemours Battery Innovation Center (CBIC) at the Chemours Discovery Hub in Newark, Delaware. This multi-million-dollar facility is designed to support the testing and scaling of next-generation battery technologies for hybrid and electric vehicles (EVs). The CBIC aims to enable more sustainable, cost-effective, energy-efficient, and high-performing batteries.
The center will leverage Chemours' expertise to drive innovation in partnership with customers, focusing on scaling production of more sustainable, high-performance lithium-ion batteries. It features state-of-the-art equipment and data analytics capabilities for predictive modeling to help EV manufacturers adopt novel battery manufacturing technology.
This investment aligns with Chemours' commitment to advancing the clean energy transition and accelerating the electric future through the application of advanced chemistry and material science knowledge.
Amprius Technologies (NYSE: AMPX), a leader in next-generation lithium-ion batteries, has appointed Tony Satterthwaite as an independent director to its Board of Directors, effective August 13, 2024. Satterthwaite, a transportation industry veteran with over 30 years of global power generation experience, will also join the Board's Compensation Committee. He brings valuable expertise in building brands and addressing customer needs across power generation, EV, and broader transportation markets.
Satterthwaite is currently a Senior Vice President at Cummins, Inc. and serves on the boards of IDEX , The Chemours Company, and the National Association of Manufacturers. This appointment follows his election to Amprius' Advisory Council in September 2023. Concurrently, Mary Gustanski has stepped down from the Amprius Board, effective August 12, 2024. The board will maintain seven directors, with six being independent.
Chemours (NYSE: CC) has opened the Chemours Battery Innovation Center (CBIC) at its Discovery Hub in Newark, Delaware. This multi-million-dollar facility is designed to support the testing and scaling of next-generation battery technologies for hybrid and electric vehicles (EVs). The CBIC aims to enable more sustainable, cost-effective, and high-performing batteries.
The center leverages Chemours' expertise to drive innovation in partnership with customers, focusing on scaling production of more sustainable, high-performance lithium-ion batteries (LiBs). It features state-of-the-art equipment and data analytics capabilities for predictive modeling, helping EV manufacturers adopt novel battery manufacturing technology.
Chemours' Teflon™ fluoropolymer binders are highlighted as vital in developing solvent-free battery electrode manufacturing, which could lead to more cost-effective and energy-efficient vehicles.
The Chemours Company (NYSE: CC) reported its Q2 2024 financial results, showing a 6% year-over-year decrease in Net Sales to $1.5 billion. The company's Net Income attributable to Chemours was $70 million, or $0.46 per diluted share, compared to a Net Loss of $376 million in Q2 2023. Adjusted EBITDA declined 36% to $206 million. Key highlights include:
- Titanium Technologies segment saw a 5% decrease in Net Sales
- Thermal & Specialized Solutions segment experienced a 2% decline in Net Sales
- Advanced Performance Materials segment reported a 12% drop in Net Sales
- Cash flows used in operations were $620 million, reflecting $606 million usage from restricted cash
- The company returned $38 million to shareholders through dividends
Chemours expects a low to mid-single digit sequential decline in Net Sales for Q3 2024, with continued strong adoption of Opteon™ Refrigerants and growth in APM's Performance Solutions portfolio.
FAQ
What is the current stock price of Chemours Co (CC)?
What is the market cap of Chemours Co (CC)?
