The Chemours Company (, ) is an American chemical company that was founded in July 2015 as a spin-off from

DuPont Dupont, DuPont, Du Pont, duPont, or du Pont may refer to: People * Dupont (surname) Dupont, also spelled as DuPont, duPont, Du Pont, or du Pont is a French surname meaning "of the bridge", historically indicating that the holder of the surname re ...

. It has its corporate headquarters in

Wilmington, Delaware Wilmington is the List of municipalities in Delaware, most populous city in the U.S. state of Delaware. The city was built on the site of Fort Christina, the first Swedish colonization of the Americas, Swedish settlement in North America. It lie ...

, United States. Chemours is the manufacturer of Teflon, the brand name of polytetrafluoroethylene (PTFE), known for its anti-stick properties. It also produces

titanium dioxide Titanium dioxide, also known as titanium(IV) oxide or titania , is the inorganic compound derived from titanium with the chemical formula . When used as a pigment, it is called titanium white, Pigment White 6 (PW6), or Colour Index Internationa ...

and refrigerant gases.

History

In October 2013, DuPont announced that it was planning to spin off its " performance chemicals" business into a new publicly traded company in mid-2015. DuPont filed its initial Form 10 with the SEC in December 2014 and announced that the new company would be called "The Chemours Company." The name is a

portmanteau In linguistics, a blend—also known as a blend word, lexical blend, or portmanteau—is a word formed by combining the meanings, and parts of the sounds, of two or more words together.

of the words chemical and Nemours, a nod to DuPont's full name, E. I. du Pont de Nemours & Co. The company's CC ticker symbol, is also a play on DuPont's DD symbol; it was also formerly used by the electronics retail Circuit City prior to its bankruptcy in 2009. The spin-off was completed on July 1, 2015, and Chemours' stock began trading on the New York Stock Exchange on the same date. Chemours has assumed various liabilities arising from lawsuits against DuPont. Additionally, Chemours' plant in Bladen County, North Carolina, was found to be dumping vast quantities of a chemical dubbed " GenX", a precursor of Teflon, into the Cape Fear River. This story is recounted in the 2018 documentary film '' The Devil We Know'', which centers on Parkersburg, West Virginia, where the DuPont facility that manufactured Teflon was located. The documentary follows the personal stories and tribulations of several people who worked at the Parkersburg facility. In June 2023, the Pennsylvania Attorney General filed suit against Chemours and others for knowingly exposing the public to PFAS. In June 2023, Chemours (together with Dupont and Corteva) settled claims that they contaminated U.S. public water systems with toxic " forever chemicals" (PFAS) for $1.19 billion, with Chemours paying $592 million and DuPont and Corteva paying the rest. In September 2023, a court in The Netherlands declared Chemours liable for pollution caused by the Teflon producing plant in the city of

Dordrecht Dordrecht (), historically known in English as Dordt (still colloquially used in Dutch, ) or Dort, is a List of cities in the Netherlands by province, city and List of municipalities of the Netherlands, municipality in the Western Netherlands, lo ...

, South Holland. The court stated that Chemours' predecessor DuPont had willingly withheld crucial information between 1984 and 1998 about the harmful effects of the substances it used and emitted, which made the pollution unlawful. In February 2024, the Chief Executive Officer (CEO) Mark Newman, Chief Financial Officer (CFO) Jonathan Lock, and Financial Controller Camela Wisel were placed on administrative leave by the company's board due to members of senior management delaying payments to some vendors to aid incentive compensation and obtain a bigger bonus. The officer's actions violated the company's standards for ethics.

Products

Chemours manufactures and sells performance chemicals falling within three segments: Titanium Technologies (

); Fluoroproducts (

refrigerant A refrigerant is a working fluid used in the cooling, heating, or reverse cooling/heating cycles of air conditioning systems and heat pumps, where they undergo a repeated phase transition from a liquid to a gas and back again. Refrigerants are ...

s and industrial fluoropolymer resins and derivatives including

Freon Freon ( ) is a registered trademark of the Chemours Company and generic descriptor for a number of halocarbon products. They are stable, nonflammable, low toxicity gases or liquids which have generally been used as refrigerants and as aerosol p ...

, Teflon, Viton, Nafion, ECCtreme ECA and Krytox); and Chemical Solutions (

cyanide In chemistry, cyanide () is an inorganic chemical compound that contains a functional group. This group, known as the cyano group, consists of a carbon atom triple-bonded to a nitrogen atom. Ionic cyanides contain the cyanide anion . This a ...

sulfuric acid Sulfuric acid (American spelling and the preferred IUPAC name) or sulphuric acid (English in the Commonwealth of Nations, Commonwealth spelling), known in antiquity as oil of vitriol, is a mineral acid composed of the elements sulfur, oxygen, ...

aniline Aniline (From , meaning ' indigo shrub', and ''-ine'' indicating a derived substance) is an organic compound with the formula . Consisting of a phenyl group () attached to an amino group (), aniline is the simplest aromatic amine. It is an in ...

, methylamines, and reactive metals).

References

External links

* {{authority control Chemical companies of the United States Manufacturing companies based in Delaware Multinational companies headquartered in the United States Companies based in Wilmington, Delaware American companies established in 2015 Chemical companies established in 2015 2015 establishments in Delaware DuPont Companies listed on the New York Stock Exchange Corporate spin-offs