WILMINGTON, Del., Aug. 25, 2015 /PRNewswire/ -- Chemours announced today that two new Opteon™ refrigerants with low global warming potential (GWP) are now commercially available in the United States. These are the first in a portfolio of low GWP stationary refrigerants that Chemours will introduce to the U.S. in the next few years.
The U.S. Environmental Protection Agency recently approval these new products, Opteon™ XP40 (R-449A) and Opteon™XP10 (R-513A), under the Significant New Alternatives Policy (SNAP) Program for use in commercial refrigeration and air conditioning applications.
The SNAP Program supports the transition away from ozone-depleting compounds by identifying permitted substitutes that offer lower overall risks to human health and the environment. The commercialization of Opteon™ XP40 and Opteon™XP10 will help the industry transition away from products that EPA has removed from the SNAP list in applications such as commercial refrigeration and air conditioning.
As recently announced, Chemours has significantly increased capacity for Opteon™ YF (HFO-1234yf). As the world's HFO-1234yf capacity leader, Chemours is uniquely positioned to support its customers' growing need for low-GWP products in commercial refrigeration, mobile air conditioning and other applications.
"There is a significant shift within the HVACR industry toward offerings with low global warming potential," said
Thierry F.J. Vanlancker
, president, Chemours Fluoroproducts. "Opteon™ low GWP products from Chemours provide critical solutions in response to the regulatory and sustainability demands throughout the world. These solutions not only enable our customers to meet these stringent demands, but they also improve energy efficiency and thereby further reduce the overall climate impact."
Contractors, supermarkets and other equipment owners can rely on the Opteon™ family of refrigerants to ease the transition away from high GWP refrigerants such as R-404A, 507 and 134a. Opteon™ XP40 delivers a 67 percent lower GWP and an 8-12 percent gain in energy efficiency compared to R-404A. Opteon™ XP10 offers a 56 percent lower GWP than R-134a. Both products have been approved by major original equipment manufacturers.
As the leading industry supplier of more environmentally sustainable refrigerants, foams and aerosol propellants, Chemours has invested hundreds of millions of dollars to bring to the market new Opteon™ products with no ozone depletion and low global warming potential. The company and its suppliers have plans to invest hundreds of millions more in the next five years to bring online additional capacity of these more sustainable, high-performance products that serve a wide range of applications.
For more information, visit us at opteon.com.
About The Chemours Company
The Chemours Company helps create a colorful, capable and cleaner world through the power of chemistry. Chemours is a global leader in titanium technologies, fluoroproducts and chemical solutions, providing its customers with solutions in a wide range of industries with market-defining products, application expertise, and chemistry-based innovations. Chemours ingredients are found in plastics and coatings, refrigeration and air conditioning, mining and oil refining operations and general industrial manufacturing. Our flagship products include prominent brands such as Teflon™, Ti-Pure™, Krytox™ Viton™, Opteon™ and Nafion™. Chemours has approximately 9,000 employees across 37 manufacturing sites serving more than 5,000 customers in North America, Latin America, Asia-Pacific and Europe. Chemours is headquartered in Wilmington, Delaware and is listed on the NYSE under the symbol CC. For more information, please visit chemours.com or follow Chemours on Twitter at @chemours.
This press release contains forward-looking statements, which often may be identified by their use of words like "plans," "expects," "will," "believes," "intends," "estimates," "anticipates" or other words of similar meaning. These forward-looking statements address, among other things, our anticipated future operating and financial performance, business plans and prospects, transformation plans, resolution of environmental liabilities, litigation and other contingencies, plans to increase profitability, our ability to pay or the amount of any dividend, and target leverage that 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 not guarantees of future performance and are based on certain assumptions and expectations of future events which may not be realized. The matters discussed in these forward-looking statements also are subject to risks, uncertainties and other factors that could cause actual results to differ materially from those projected, anticipated or implied in the forward-looking statements as further described in the "Risk Factors" section of the information statement contained in the registration statement on Form 10 and other filings made by Chemours with the Securities and Exchange Commission. Chemours undertakes no duty to update any forward-looking statements.
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