Chemours and Partners Selected for $60M in U.S. Department of Energy Grants to Support Continued Advancement of Global Hydrogen Economy
20 Marzo 2024 - 11:45AM
Business Wire
Two project grants will support development of
next-generation membranes for PEM water electrolysis and developing
a circularity infrastructure for clean hydrogen materials
The Chemours Company (“Chemours”) (NYSE: CC), a global chemistry
company with leading market positions in Titanium Technologies,
Thermal & Specialized Solutions, and Advanced Performance
Materials, announced that the U.S. Department of Energy (DOE),
under the Bipartisan Infrastructure Law, selected two of its
applications for grants totaling $60 million. These grants will be
used by Chemours and its partners for the advancement of technology
to support next-generation membranes for proton exchange membrane
(PEM) water electrolysis to advance a domestic hydrogen economy
supply chain and establish a new Recovery and Recycling Consortium
dedicated to enabling the circularity of PEM electrolyzers and fuel
cells. These selections validate Chemours’ leadership and expertise
as a responsible manufacturer of high-quality, durable ionomers and
membranes.
Chemours is the lead recipient on a project entitled “Durable,
High-Performance Membranes for Proton Exchange Membrane Water
Electrolysis”, where the company will leverage its technical
expertise to develop a low-resistance Nafion™ membrane that
demonstrates high levels of durability in a PEM electrolyzer stack.
The project’s goals include creating products that can be
manufactured cost-effectively at scale, a significant challenge the
hydrogen industry faces today. Chemours was also named a project
partner in H2CIRC, a new consortium dedicated to producing a
blueprint for the hydrogen industry to efficiently and sustainably
recover and recycle materials and components from fuel cells and
electrolyzers.
“Chemours is committed to using the power of its chemistry to
advance the clean energy transition and hydrogen economy. Selection
by the U.S. Department of Energy for these grants furthers our
leading role and builds on the public, private, and academic
partnerships whose collaborative efforts support the global
adoption of hydrogen as a clean energy source,” said Stefanie
Kopchick, Hydrogen Business Venture Leader at Chemours. “Our
Nafion™ ion exchange membranes play a critical role in driving the
hydrogen economy and helping to create a more sustainable future,
and these funds will help to accelerate their further development
as well as taking a proactive approach to building an
infrastructure supporting circularity of fuel cells and
electrolyzers.”
The grants announced by the DOE under the Bipartisan
Infrastructure Law are part of $750 million in funding for projects
to advance hydrogen technologies and improve manufacturing and
recycling capabilities for clean hydrogen systems and components.
The funding directly supports the national clean hydrogen strategy
outlined in the U.S. National Clean Hydrogen Strategy and Roadmap,
which emphasizes cost reduction, manufacturing, supply chains, and
domestic jobs.
“At Chemours, our advanced chemistry and technology are at the
heart of the hydrogen economy and essential to producing and
deploying clean hydrogen,” said Gerardo Familiar, President of
Advanced Performance Materials at Chemours. “We have a unique place
in the hydrogen supply chain as the leading global supplier of
ionomers and membranes for PEM electrolysis, the only domestic
manufacturer of ion exchange materials, and a key project partner
in the Appalachian Regional Clean Hydrogen Hub (ARCH2) under the
U.S. DOE’s Regional Clean Hydrogen Hub initiative. As such, we must
look further into the future and take a responsible approach to
building and maintaining this evolving industry. Enabling the
circularity of the materials necessary to produce clean hydrogen
well into the future will be essential to this effort and aligns
with our longstanding sustainability values.”
To learn more about the recent hydrogen funding selections and
grants, visit the DOE’s Hydrogen and Fuel Cell Technology
Office.
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 purposes and uses
of grant funds, project goals, the development of hydrogen
technologies and improvement in manufacturing and recycling
capabilities for clean hydrogen systems and components, 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, 2022 and our Quarterly Report on
Form 10-Q for the quarter ended September 30, 2023. Chemours
assumes no obligation to revise or update any forward-looking
statement for any reason, except as required by law.
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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
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