Chemours Announces Participation in Versogen’s Growth of Clean up Hydrogen Technology

WILMINGTON, Del.–(Small business WIRE)–The Chemours Company (“Chemours”) (NYSE: CC), a world chemistry firm with main industry positions in Titanium Technologies, Thermal & Specialized Answers, and State-of-the-art Effectiveness Materials, right now introduced its participation in a fundraising for Wilmington, Delaware-based mostly Versogen Inc., a leader in producing anion trade membrane (AEM) technological innovation for use in hydrogen generation. Started by University of Delaware professor Yushan Yan, Versogen’s AEM engineering provides a dependable and very affordable way to make green hydrogen at scale.

Environmentally friendly hydrogen is the most promising substitute gasoline to decrease greenhouse gasoline emissions in transportation and other industries that generally count on fossil fuels. When generated through drinking water electrolysis and run by renewable vitality, large quantities of green hydrogen can be designed when building zero emissions. This system is necessary to the clear strength transition and meeting world-wide decarbonization ambitions.

“Chemours is passionate about the prospective of the hydrogen financial state and our part in it, and we are consistently seeking for possibilities to speed up innovation and new systems for thoroughly clean electricity,” stated Denise Dignam, President, Advanced Functionality Supplies for Chemours. “We’re thrilled to participate in Versogen to help ability their ongoing scale-up and to have the prospect to collaborate with a start out-up in our backyard to realize improved the synergies among AEM technologies and our Nafion™ ion exchange membranes in environmentally friendly hydrogen generation.”

As section of Chemours’ motivation to innovative and accountable chemistry that enables the sustainable items of the foreseeable future, we are collaborating across the worth chain to deliver innovative alternatives that remedy some of our customers’ and partners’ largest challenges. As element of those people initiatives, Chemours is also a steering member of the Hydrogen Council and joined Hydrogen Europe and the European Clean Hydrogen Alliance to assistance know the prospective of hydrogen’s role in the international vitality transition.

About The Chemours Organization

The Chemours Business (NYSE: CC) is a global leader in Titanium Technologies, Thermal & Specialised Remedies, and Innovative Overall performance Components supplying its prospects with options in a extensive selection of industries with marketplace-defining products and solutions, software skills and chemistry-dependent improvements. We provide custom-made answers with a wide range of industrial and specialty substances merchandise for markets, together with coatings, plastics, refrigeration and air conditioning, transportation, semiconductor and customer electronics, basic industrial, and oil and gasoline. Our flagship goods include distinguished manufacturers these types of as Ti-Pure™, Opteon™, Freon™, Teflon™, Viton™, Nafion™, and Krytox™. The company has around 6,400 staff members and 29 producing internet sites serving approximately 3,200 prospects in about 120 nations. Chemours is headquartered in Wilmington, Delaware and is mentioned on the NYSE less than the symbol CC.

For more facts, we invite you to visit chemours.com or adhere to us on Twitter @Chemours or LinkedIn.

Ahead-Hunting Statements

This push release is made up of ahead-searching statements, within the that means of Portion 27A of the Securities Act of 1933 and Portion 21E of the Securities Exchange Act of 1934, which involve challenges and uncertainties. Ahead-on the lookout statements deliver latest anticipations of long run occasions centered on selected assumptions and include any assertion that does not right relate to a historical or existing point. The terms “imagine,” “assume,” “will,” “foresee,” “program,” “estimate,” “focus on,” “task” and equivalent expressions, among the other individuals, normally identify “ahead-seeking statements,” which speak only as of the date such statements were being made. These forward-searching statements may perhaps deal with, amongst other points, the consequence or resolution of any pending or future environmental liabilities, the graduation, consequence or resolution of any regulatory inquiry, investigation or continuing, the initiation, consequence or settlement of any litigation, variations in environmental regulations in the U.S. or other jurisdictions that have an affect on demand for or adoption of our products, predicted foreseeable future functioning and money effectiveness for our segments independently and our business as a total, company programs, prospective customers, targets, plans and commitments, funds investments and jobs and concentrate on cash expenses, ideas for dividends or share repurchases, sufficiency or longevity of mental property defense, charge reductions or financial savings targets, strategies to boost profitability and expansion, our ability to make acquisitions, integrate acquired firms or assets into our functions, and accomplish expected synergies or charge price savings, all of which are matter to substantial threats and uncertainties that could trigger genuine outcomes to differ materially from people expressed or implied by such statements. Forward-wanting statements are based mostly on particular assumptions and expectations of potential occasions that may not be correct or realized. These statements are not assures of upcoming efficiency. Ahead-looking statements also include dangers and uncertainties that are past Chemours’ manage. In addition, the latest COVID-19 pandemic has considerably impacted the national and international financial system and commodity and economical marketplaces, which has experienced and we anticipate will go on to have a adverse effects on our money outcomes. The complete extent and affect of the pandemic is nonetheless remaining determined and to day has involved considerable volatility in money and commodity markets and a significant disruption in economic action. The community and non-public sector response has led to travel limits, short term company closures, quarantines, inventory market volatility, and interruptions in buyer and professional activity globally. Matters outdoors our manage have affected our business and functions and might or may well continue on to hinder our means to supply items and solutions to clients, trigger disruptions in our source chains, adversely impact our small business companions, significantly lower the need for our items, adversely have an impact on the wellness and welfare of our personnel or trigger other unpredictable activities. Furthermore, there could be other challenges and uncertainties that Chemours is unable to detect at this time or that Chemours does not at present expect to have a material impression on its business enterprise. Elements that could bring about or contribute to these dissimilarities consist of the threats, uncertainties and other things talked about in our filings with the U.S. Securities and Trade Fee, which includes in our Quarterly Report on Form 10-Q for the quarter ended March 31, 2022 and in our Annual Report on Sort 10-K for the yr ended December 31, 2021. Chemours assumes no obligation to revise or update any forward-seeking statement for any rationale, apart from as expected by legislation.

Candice Cearley

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