The partnership agreement includes funding for faculty-led research projects, interaction, and coaching from Chemours’ leading scientists
WILMINGTON, Del.--(BUSINESS WIRE)-- The Chemours Company (“Chemours”) (NYSE: CC), a global chemistry company, today announced that it has entered into a Memorandum of Understanding (MoU) with North Carolina Agricultural and Technical State University (N.C. A&T), a Carnegie-classified science, technology, engineering, and mathematics (STEM) dominant institution and the nation’s largest historically black college/university (HBCU), to promote the advancement of chemistry and chemical engineering education.
As part of the three-year agreement, Chemours will fund faculty-led research projects, which will include N.C. A&T graduate students. The research will focus on areas of mutual interest, such as driving new science in water treatment to help advance Chemours’ 2030 Corporate Responsibility Commitment goal to reduce process emissions of fluorinated organic chemicals by 99% or more.
“Chemours is a company focused on innovation and sustainable solutions, with a bedrock commitment to responsible manufacturing. We’re excited to partner with N.C. A&T to help advance new research to meet the world’s demands now and in the days to come,” said Randal King, Vice President of Technology for Chemours. “N.C. A&T’s students represent the future of chemistry, and we’ve been fortunate to fund scholarships for several of its students through our Future of Chemistry Scholarship program and the Future of STEM Scholars Initiative. This agreement is a natural next step in our relationship, and we look forward to deepening our partnership and engaging with their faculty and students.”
As part of the partnership N.C. A&T will issue an annual call for research proposals on topics of joint interest, collaborating with Chemours to identify and select proposals. N.C. A&T will lead the execution of the research proposal with input and feedback from Chemours’ scientists and engineers. In addition, Chemours and N.C. A&T will work together to acquire external funding through government agencies that could help build a Center of Excellence in water treatment at N.C. A&T, and potentially expand into other areas of mutual interest.
“N.C. A&T is known for producing strong STEM graduates from richly diverse backgrounds. We’re excited to work with Chemours on challenging new technical programs that will drive research with the potential to benefit people everywhere,” said Dr. Eric R. Muth, Vice Chancellor for Research and Economic Development at N.C. A&T. “Working alongside our esteemed faculty, our students will also benefit from interaction and coaching from Chemours’ leading scientists. We look forward to bringing new opportunities to advance our research and academic programming consistent with our land-grant mission.”
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 include prominent brands such as Ti-Pure™, Opteon™, Freon™, Teflon™, Viton™, Nafion™, and Krytox™. The company has approximately 6,400 employees and 29 manufacturing sites serving approximately 3,200 customers in approximately 120 countries. Chemours is headquartered in Wilmington, Delaware and is listed on the NYSE under the symbol CC.
About North Carolina Agricultural and Technical State University
North Carolina Agricultural and Technical State University is the nation’s largest historically Black university, as well as its top ranked (Money magazine, Best Colleges; Washington Monthly College Guide and Rankings). It is a land-grant, doctoral university, classified as “high research” by the Carnegie Foundation and a constituent member of the University of North Carolina System. A&T is known for its leadership in producing graduates in engineering, agriculture and other STEM fields. The university was founded in 1891 and is located in Greensboro, North Carolina.
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 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 for our segments individually and our company as a whole, business plans, prospects, targets, goals and commitments, capital investments and projects and target capital expenditures, plans for dividends or share repurchases, sufficiency or longevity of intellectual property protection, cost reductions or 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, 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. In addition, the current COVID-19 pandemic has significantly impacted the national and global economy and commodity and financial markets, which has had and we expect will continue to have a negative impact on our financial results. The full extent and impact of the pandemic is still being determined and to date has included significant volatility in financial and commodity markets and a severe disruption in economic activity. The public and private sector response has led to travel restrictions, temporary business closures, quarantines, stock market volatility, and interruptions in consumer and commercial activity globally. Matters outside our control have affected 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, 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, 2021. Chemours assumes no obligation to revise or update any forward-looking statement for any reason, except as required by law.
SVP, Chief Development Officer and Investor Relations, Chemours
Manager, Investor Relations, Chemours
Media Relations and Financial Communications Manager, Chemours
Dr. Eric R. Muth
Vice Chancellor for Research and Economic Development, N.C. A&T