WILMINGTON, Del., Nov. 14, 2019 /PRNewswire/ -- The Chemours Company (Chemours) (NYSE: CC), a global chemistry company with leading market positions in titanium technologies, fluoroproducts, and chemical solutions announced today that G.I. Industrial Holding, a group of leading companies in the comfort and industrial cooling industry present in Europe, Africa, Middle East and Asia, and headquartered in Latisana, Italy, has adopted Opteon™ XL41 (R-454B) and Opteon™ XL55 (R-452B) low Global Warming Potential (GWP) hydrofluoroolefins (HFO) refrigerants as the R-410A replacement for their scroll chiller systems. The selection of Opteon™ XL refrigerants by G.I. Industrial Holding has been made in close collaboration with Chemours and Italian distributor Rivoira Refrigerant Gases. This selection demonstrates the commitment of major industry players across the value chain to provide the chiller market with long-term, sustainable solutions ahead of the upcoming 2021 European F-Gas HFC cap and phase down.
Opteon™ XL41 (R-454B) and XL55 (R-452B) are HFO A2L class refrigerants for new equipment with similar capacity and improved energy efficiency compared to R-410A, as well as a close match in compressor discharge temperature. With a 78% reduction in GWP compared to R-410A, Opteon™ XL41 offers the lowest GWP, and correspondingly longer-term solution, to replace R-410A.
Opteon™ XL55 provides a 65% reduction in GWP vs. R-410A (similar to the reduction in GWP with R-32) but enables faster market implementation due to the fact that it is the closest overall performance match to R-410A, resulting in minimal equipment redesign and cost.
"Our product portfolio is the very first in the HVAC sector to offer a complete range of high-efficiency AC & chiller units with the more sustainable refrigerant R-452B instead of traditional R-410A used in scroll compressors. Along with its 65% lower GWP, similar or better performance vs. R-410A, Ecodesign compliance and compatibility with the full G.I. Industrial Holding product range (liquid chillers, heat pumps and multifunctional units from 50 to 1,220 kW), the use of R-452B combines the key elements of the CLINT and KTK brands philosophy: Respect for the Environment, Efficiency, and Versatility," says Enrico Pin, Product Marketing Manager, G.I Industrial Holding. "Recently, we have also qualified R-454B and released compatible equipment that brings a longer-term solution to the chiller market," he added.
"As Chemours long-term partner and key Italian Gas distributor, we are actively engaged in supporting the market readiness of A2L HFO refrigerants by providing customers with technical and commercial support to facilitate the transition to these low GWP refrigerants. The switch from high GWP gases to more sustainable solutions can be a challenging journey for customers and we believe the cooperation of highly professional companies such as Chemours, G.I Industrial and Rivoira can bring success," says Alessandro Paschero, Business Manager, Rivoira Refrigerant Gases. "We are convinced that lower flammable solutions such as Opteon™ XL41 & XL55 will be extensively used in air-conditioning applications in the future, and therefore have invested in a new filling station that can store up to 200,000 kg of A2L refrigerants," he added.
Opteon™ low GWP HFO refrigerants are a portfolio of sustainable and versatile refrigerants that meet the long-term needs of the refrigeration, air conditioning, heat pump, and chiller markets. They have been developed to help meet increasingly stringent global regulations while maintaining or improving performance compared to the products they replace, as well as encouraging more sustainable refrigerant choices and equipment designs to reduce the carbon footprint of the HVACR industry. Specifically, in Europe, the very low GWP Opteon™ XL refrigerant portfolio supports the market transitions required by the F-Gas Regulation and enables customers to select their optimal solution – considering performance, safety, sustainability, and total cost of ownership.
About The Chemours Company
The Chemours Company (NYSE: CC) 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 general industrial manufacturing. Our flagship products include prominent brands such as Teflon™, Ti-Pure™, Krytox™, Viton™, Opteon™, Freon™ and Nafion™. Chemours published its first corporate responsibility commitment report in 2018, which highlights goals aligned with the United Nations Sustainable Development Goals. The company has approximately 7,000 employees and 28 manufacturing sites serving approximately 3,700 customers in over 120 countries. Chemours is headquartered in Wilmington, Delaware and is listed on the NYSE under the symbol CC.
This press release contains forward-looking statements, within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995, 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, business plans, prospects, targets, goals and commitments, capital investments and projects, plans for dividends or share repurchases, sufficiency or longevity of intellectual property protection, cost 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, and our outlook for net sales, Adjusted EBITDA, Adjusted EPS, Free Cash Flow, Effective Tax Rate, and Return on Invested Capital (ROIC), 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. These statements are not guarantees of future performance. Forward-looking statements also involve risks and uncertainties that are beyond Chemours' control. 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, 2018. Chemours assumes no obligation to revise or update any forward-looking statement for any reason, except as required by law.
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