Investment in ionomer capacity meets the demand surge in water electrolysis and fuel cells which both require Nafion™ ion exchange membranes
WILMINGTON, Del. –The Chemours Company (“Chemours”) (NYSE: CC), a global chemistry company with leading market positions in Titanium Technologies, Thermal & Specialized Solutions, and Advanced Performance Materials, today announced it is investigating capacity investments to support its growing Hydrogen Economy business. This increased capacity in ionomers would support the demand growth within water electrolysis and fuel cell technology.
The company is currently considering potential locations in the United States and Europe, with an eye to local community engagement and collaboration. Chemours continues to set the standard in responsible manufacturing and this capacity will help the company advance their goal to continue shifting the portfolio to sustainable offerings that make a specific contribution to achieving the United Nations Sustainable Development Goals (UN SDGs).
“The hydrogen economy demand is growing exponentially and our products are truly at its core,” said Denise Dignam, President of Advanced Performance Materials at Chemours. “To meet this demand requires private/public partnerships with the right partners—partners that will be an asset to the community—responsible. And, we believe Chemours is who communities, regions, and countries should look to in order to deliver capacity necessary to achieve clean energy while maintaining a focus on protecting human health and the environment.”
The capacity investment will be focused on ionomers that support the Nafion™ platform, which is known for unparalleled performance and durability. Nafion™ ion exchange membranes provide a clean energy solution through water electrolysis creating green hydrogen from renewable power. Fuel cells—another Nafion™ membrane application—convert hydrogen to electricity, an alternative to carbon-based energy sources.
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 include prominent brands such as Ti-Pure™, Opteon™, Freon™, Teflon™, Viton™, Nafion™, and Krytox™. The company has approximately 6,400 employees and 29 manufacturing sites serving approximately 3,200 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.
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