Chemours Commends the Supreme People's Court of the People’s Republic of China for Upholding Honeywell’s HFO-1234yf Patent

The Chemours Company (“Chemours”) (NYSE: CC), a global chemistry company with leading positions in Titanium Technologies, Thermal & Specialized Solutions, Advanced Performance Materials and Chemical Solutions, applauds the recent decision by the Supreme People's Court of the People’s Republic of China to uphold Honeywell’s patent (No. 201210530088.9) which covers the use of HFO-1234yf in automotive air conditioning systems.

This decision and the dismissal of Arkema’s challenge to the claims represents a major victory for Chemours and Honeywell to ensure that our customers in the mobile air conditioning market have a source for safe and reliable refrigerants that meet the highest quality standards and work to advance global sustainability initiatives.

Chemours and Honeywell have invested billions of dollars to develop and manufacture 1234yf, and we remain committed to defending our position as authorized manufacturers and suppliers of the refrigerant.

Chemours operates one of the world’s largest HFO-1234yf production facilities, and will continue to make the investments necessary to meet market demand, while upholding the integrity of production, distribution, and use as well as protecting the best interests of our customers and our planet.