The agreement supports the companies’ participation in the Appalachian Regional Clean Hydrogen Hub (ARCH2) and further decarbonization efforts

WILMINGTON, Del. -- The Chemours Company (“Chemours”) (NYSE: CC), a global chemistry company, and TC Energy, a leader in the responsible development and reliable operation of North American energy infrastructure, have executed a memorandum of understanding (MOU) for the potential development of two electrolysis-based hydrogen production facilities at or near Chemours’ Washington Works and Belle manufacturing sites in West Virginia. The MOU supports the companies’ participation in and goals of the Appalachian Regional Clean Hydrogen Hub (ARCH2) in West Virginia.

The agreement covers the companies’ interest in developing, constructing, and operating clean hydrogen production facilities and associated infrastructure. The proposed development includes using established proton exchange membrane (PEM) electrolysers manufactured in America and utilizing Chemours’ Nafion^TM ion exchange membranes.

Under the terms of the MOU, a non-binding off-take agreement for hydrogen produced by the project would be executed, supporting the facility demands of Chemours. Additionally, hydrogen produced in excess of the off-take agreement would be stored and available for loading and shipment to nearby merchant users.

“As West Virginia’s largest chemical manufacturer, we’re excited by the potential these clean hydrogen production facilities can offer to the State through ARCH2, as well as furthering the decarbonization of our operations,” said Jonathan Lock, Senior Vice President, Chief Development Officer at Chemours. “Working with TC Energy, we’ve conducted hydrogen blend testing at our Washington Works and Belle sites, demonstrating the feasibility of feeding a hydrogen-natural gas blend fuel to existing fired boiler equipment. We look forward to moving these potential projects forward as part of the U.S. Department of Energy’s call for regional clean hydrogen hub submissions alongside the State and seeing how they can assist us in reaching our bold greenhouse gas reduction goal.”

“At TC Energy, we take a customer-driven approach to developing and executing energy solutions,” said Corey Hessen, Executive Vice President and President, Power & Energy Solutions at TC Energy. “This relationship with Chemours is an excellent example of putting that commitment into effect – serving their green hydrogen demand. With our long history of operating critical infrastructure in West Virginia, we are excited to develop new clean energy production opportunities and to forge a strong relationship with Chemours.”

Responsibility and collaboration are two core company values at TC Energy and Chemours. As the companies continue to progress under the agreement, they will engage community stakeholders to share updates and information.

About The Chemours Company

The Chemours Company (NYSE: CC) is a global leader in Titanium Technologies, Thermal & Specialized Solutions, and Advanced Performance Materials providing its customers with solutions in a wide range of industries with market-defining products, application expertise and chemistry-based innovations. We deliver customized solutions with a wide range of industrial and specialty chemicals products for markets, including coatings, plastics, refrigeration and air conditioning, transportation, semiconductor and consumer electronics, general industrial, and oil and gas. Our flagship products are sold under prominent brands such as Ti-Pure™, Opteon™, Freon™, Teflon™, Viton™, Nafion™, and Krytox™. The company has approximately 6,600 employees and 29 manufacturing sites serving approximately 2,900 customers in approximately 120 countries. Chemours is headquartered in Wilmington, Delaware and is listed on the NYSE under the symbol CC.

For more information, we invite you to visit chemours.com or follow us on Twitter @Chemours or LinkedIn.

About TC Energy

We’re a team of 7,000+ energy problem solvers working to move, generate and store the energy North America relies on. Today, we’re taking action to make that energy more sustainable and more secure. We’re innovating and modernizing to reduce emissions from our business. And, we’re delivering new energy solutions – from natural gas and renewables to carbon capture and hydrogen – to help other businesses and industries decarbonize too. Along the way, we invest in communities and partner with our neighbours, customers and governments to build the energy system of the future.

TC Energy’s common shares trade on the Toronto (TSX) and New York (NYSE) stock exchanges under the symbol TRP. To learn more, visit us at TCEnergy.com.

Chemours and TC Energy Collaborate on the Development of Two Clean Hydrogen Production Facilities in West Virginia