Chemours
| File:Chemours logo.svg Logo of The Chemours Company | |
| Company type | Public |
|---|---|
| Industry | Chemical industry |
| Predecessor | DuPont (performance chemicals division) |
| Founded | July 1, 2015 in Wilmington, Delaware, United States |
| Headquarters | Wilmington, Delaware , United States |
| Products | Teflon, titanium dioxide, refrigerants, fluoropolymers, cyanide, sulfuric acid, aniline, methylamines, reactive metals |
| Website | chemours |
The Chemours Company (, ) is a U.S.-based enterprise in the chemical industry sector, established in July 2015 as a spin-off from DuPont. Its headquarters are located in Wilmington, Delaware, United States. Chemours specializes in producing Teflon, recognized for its non-stick characteristics, as well as manufacturing titanium dioxide and various refrigerant gases.
History
In October 2013, DuPont declared its intention to separate its "performance chemicals" division into an independent publicly traded entity by mid-2015. This newly formed company was named "The Chemours Company," combining the words chemical and Nemours, which reflects DuPont's full corporate name. Chemours commenced trading on the New York Stock Exchange on July 1, 2015.
The company inherited several legal liabilities originally associated with DuPont. Its facility in Bladen County, North Carolina was identified as discharging considerable quantities of "GenX," a precursor chemical used in Teflon production, into the Cape Fear River. This environmental concern is featured in the 2018 film The Devil We Know, which explores health consequences related to DuPont’s operations in Parkersburg, West Virginia.
In June 2023, the Pennsylvania Attorney General initiated legal action against Chemours for knowingly exposing communities to PFAS. During the same month, Chemours, alongside DuPont and Corteva, agreed to a $1.19 billion settlement addressing PFAS contamination in U.S. water supplies, with Chemours responsible for $592 million of the total amount.
A Dutch court held Chemours accountable in September 2023 for pollution caused by its Teflon manufacturing site in Dordrecht, citing that DuPont withheld critical information regarding hazardous emissions released between 1984 and 1998.
In February 2024, CEO Mark Newman, CFO Jonathan Lock, and Financial Controller Camela Wisel were suspended following an internal investigation that revealed senior executives had postponed payments to vendors to artificially enhance their incentive bonuses, breaching the company's ethical policies.
Products
Chemours develops and sells performance chemicals divided into three main categories: Titanium Technologies (focused on titanium dioxide); Fluoroproducts (which includes refrigerants and industrial fluoropolymer resins and related products such as Freon, Teflon, Viton, Nafion, ECCtreme ECA, and Krytox); and Chemical Solutions (offering cyanide, sulfuric acid, aniline, methylamines, and reactive metals).