Chemours Recognized With Two Awards From U.S. Department of Energy’s Better Buildings, Better Plants Initiative
The company was recognized for its achievements in energy efficiency and waste reduction at the DOE Better Buildings, Better Plants Summit
WILMINGTON, Del.–(BUSINESS WIRE)–$CC–The Chemours Company (“Chemours”) (NYSE: CC), a global chemistry company with leading market positions in Titanium Technologies, Thermal & Specialized Solutions, and Advanced Performance Materials, was honored yesterday with two awards from the U.S. Department of Energy’s (DOE) Better Buildings, Better Plants initiative, which recognizes partners for outstanding accomplishments in energy efficiency, decarbonization, water efficiency, or waste reduction projects or practices. This is the second year that Chemours has been recognized with both Better Project and Better Practice awards.
“Partners in the Better Climate Challenge are industry leaders in energy efficiency and decarbonization. As a winner of both a Better Project and Better Practice award, The Chemours Company has demonstrated an innovative pathway to improve energy efficiency and reduce emissions that other organizations can learn from,” said Carolyn Snyder, Deputy Assistant Secretary for Buildings and Industry at the U.S. Department of Energy.
Better Practice Awards are presented to partners for innovative and industry-leading accomplishments in implementing and promoting practices, principles, and procedures of energy management. Chemours received a Better Practice Award for launching an internal bonus metric based on implementing sustained energy efficiency projects which, in the first year of implementation, reduced energy intensity by 3.5% company-wide. The new program improved energy efficiency across fourteen sites through process improvements, small capital projects, and control strategies.
The company also received a Better Project Award, which recognizes outstanding accomplishments at individual facilities, for achieving over $1 million in annual savings on waste disposal costs at its Corpus Christi, Texas manufacturing site. The company optimized the performance of an existing distillation column to significantly increase its recycling yield—effectively reducing waste by 60% in a single process step. The project increased yield and recycling without sacrificing quality or catalyst integrity in the reaction and the approach is being investigated for use at other Chemours locations.
“We are immensely proud to be recognized by our partners at the Department of Energy. These awards reflect the exceptional efforts our teams have put into enhancing energy efficiency and reducing waste at our manufacturing sites,” said Dr. Amber Wellman, Chemours’ Chief Sustainability Officer. “As a science-based company, sustainability is core to everything we do—be it in our sustainable product offerings or our commitment to produce essential chemistries responsibly. These awards serve not just as a recognition of our success, but also as an inspiration for us to continue pushing forward in achieving our ambitious sustainability goals.”
As a partner in DOE’s Better Plants and Better Climate Challenge, Chemours is driving reductions in greenhouse gas emissions and energy intensity at its U.S. sites, which align with and support the company’s 2030 Sustainability Goals.
The 2024 Better Project, Better Practice Awards winners were celebrated during the Better Buildings, Better Plants Summit held in Washington, D.C.
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 6,200 employees and 28 manufacturing sites serving approximately 2,700 customers in approximately 110 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 X (formerly Twitter) @Chemours or on LinkedIn.
Forward-Looking Statements
This press release contains forward-looking statements, within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, which involve risks and uncertainties. Forward-looking statements provide current expectations of future events based on certain assumptions and include any statement that does not directly relate to a historical or current fact. The words “believe,” “expect,” “will,” “anticipate,” “plan,” “estimate,” “target,” “project” and similar expressions, among others, generally identify “forward-looking statements,” which speak only as of the date such statements were made. These forward-looking statements may address, among other things, the outcome or resolution of any pending or future environmental liabilities, the commencement, outcome or resolution of any regulatory inquiry, investigation or proceeding, the initiation, outcome or settlement of any litigation, changes in environmental regulations in the U.S. or other jurisdictions that affect demand for or adoption of our products, anticipated future operating and financial performance for our segments individually and our company as a whole, business plans, prospects, targets, goals and commitments, capital investments and projects and target capital expenditures, plans for dividends or share repurchases, sufficiency or longevity of intellectual property protection, cost reductions or savings targets, plans to increase profitability and growth, our ability to make acquisitions, integrate acquired businesses or assets into our operations, and achieve anticipated synergies or cost savings, all of which are subject to substantial risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements. Forward-looking statements are based on certain assumptions and expectations of future events that may not be accurate or realized, such as full year guidance relying on models based upon management assumptions regarding future events that are inherently uncertain. These statements are not guarantees of future performance. Forward-looking statements also involve risks and uncertainties that are beyond Chemours’ control. Matters outside our control, including general economic conditions, geopolitical conditions and global health events, have affected or may affect our business and operations and may or may continue to hinder our ability to provide goods and services to customers, cause disruptions in our supply chains such as through strikes, labor disruptions or other events, adversely affect our business partners, significantly reduce the demand for our products, adversely affect the health and welfare of our personnel or cause other unpredictable events. Additionally, there may be other risks and uncertainties that Chemours is unable to identify at this time or that Chemours does not currently expect to have a material impact on its business. Factors that could cause or contribute to these differences include the risks, uncertainties and other factors discussed in our filings with the U.S. Securities and Exchange Commission, including in our Annual Report on Form 10-K for the year ended December 31, 2023. Chemours assumes no obligation to revise or update any forward-looking statement for any reason, except as required by law.
Contacts
INVESTORS
Brandon Ontjes
VP, Financial Planning & Analysis and Investor Relations
+1.302.773.3300
investor@chemours.com
Kurt Bonner,
Manager, Investor Relations
+1.302.773.0026
investor@chemours.com
NEWS MEDIA
Cassie Olszewski
Corporate Media & Brand Reputation Leader
+1.302.219.7140
media@chemours.com
