February 29, 2024

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Chemours Announces Participation in Versogen’s Improvement of Clean Hydrogen Know-how

WILMINGTON, Del.–(Small business WIRE)–The Chemours Business (“Chemours”) (NYSE: CC), a world chemistry organization with leading market positions in Titanium Systems, Thermal & Specialised Methods, and State-of-the-art Overall performance Materials, these days announced its participation in a fundraising for Wilmington, Delaware-primarily based Versogen Inc., a leader in establishing anion exchange membrane (AEM) technology for use in hydrogen creation. Started by College of Delaware professor Yushan Yan, Versogen’s AEM engineering features a trusted and affordable way to develop green hydrogen at scale.

Green hydrogen is the most promising different gas to reduce greenhouse gas emissions in transportation and other industries that primarily rely on fossil fuels. When generated through h2o electrolysis and run by renewable vitality, substantial amounts of inexperienced hydrogen can be designed although making zero emissions. This process is critical to the clear electricity changeover and meeting world-wide decarbonization goals.

“Chemours is passionate about the likely of the hydrogen financial system and our function in it, and we’re frequently wanting for options to accelerate innovation and new systems for clean electrical power,” said Denise Dignam, President, Innovative Effectiveness Elements for Chemours. “We’re enthusiastic to participate in Versogen to help ability their continued scale-up and to have the possibility to collaborate with a start-up in our yard to realize much better the synergies involving AEM technological innovation and our Nafion™ ion exchange membranes in environmentally friendly hydrogen output.”

As aspect of Chemours’ motivation to impressive and liable chemistry that permits the sustainable products and solutions of the long term, we are collaborating throughout the worth chain to provide advanced answers that address some of our customers’ and partners’ most significant difficulties. As aspect of those endeavours, Chemours is also a steering member of the Hydrogen Council and joined Hydrogen Europe and the European Clean up Hydrogen Alliance to aid comprehend the prospective of hydrogen’s part in the international vitality changeover.

About The Chemours Firm

The Chemours Enterprise (NYSE: CC) is a international leader in Titanium Systems, Thermal & Specialised Options, and State-of-the-art Functionality Elements offering its prospects with options in a extensive selection of industries with industry-defining goods, software skills and chemistry-centered improvements. We produce custom made remedies with a huge variety of industrial and specialty substances solutions for marketplaces, which includes coatings, plastics, refrigeration and air conditioning, transportation, semiconductor and consumer electronics, typical industrial, and oil and gas. Our flagship goods contain outstanding brand names this kind of as Ti-Pure™, Opteon™, Freon™, Teflon™, Viton™, Nafion™, and Krytox™. The organization has approximately 6,400 staff and 29 producing websites serving approximately 3,200 shoppers in somewhere around 120 nations. Chemours is headquartered in Wilmington, Delaware and is detailed on the NYSE below the image CC.

For more info, we invite you to pay a visit to chemours.com or observe us on Twitter @Chemours or LinkedIn.

Forward-Searching Statements

This push launch incorporates forward-seeking statements, within the that means of Section 27A of the Securities Act of 1933 and Part 21E of the Securities Trade Act of 1934, which require threats and uncertainties. Ahead-wanting statements give latest anticipations of upcoming functions based on specific assumptions and contain any statement that does not immediately relate to a historical or latest actuality. The words “imagine,” “expect,” “will,” “anticipate,” “strategy,” “estimate,” “focus on,” “challenge” and related expressions, between many others, normally determine “forward-hunting statements,” which discuss only as of the day this sort of statements were built. These forward-seeking statements may tackle, amongst other factors, the final result or resolution of any pending or long run environmental liabilities, the commencement, outcome or resolution of any regulatory inquiry, investigation or proceeding, the initiation, outcome or settlement of any litigation, improvements in environmental regulations in the U.S. or other jurisdictions that have an effect on demand for or adoption of our goods, predicted foreseeable future working and financial general performance for our segments separately and our company as a total, organization designs, prospective clients, targets, targets and commitments, cash investments and initiatives and focus on money expenditures, plans for dividends or share repurchases, sufficiency or longevity of mental house security, value reductions or financial savings targets, ideas to enhance profitability and progress, our potential to make acquisitions, integrate obtained organizations or assets into our functions, and achieve anticipated synergies or value personal savings, all of which are subject matter to sizeable hazards and uncertainties that could bring about genuine benefits to vary materially from these expressed or implied by these types of statements. Forward-hunting statements are based mostly on specific assumptions and anticipations of potential events that may possibly not be accurate or realized. These statements are not assures of future functionality. Ahead-searching statements also involve risks and uncertainties that are over and above Chemours’ regulate. In addition, the existing COVID-19 pandemic has appreciably impacted the nationwide and worldwide economic climate and commodity and fiscal marketplaces, which has experienced and we anticipate will go on to have a adverse impression on our economical outcomes. The complete extent and influence of the pandemic is continue to becoming determined and to day has provided considerable volatility in economic and commodity markets and a significant disruption in financial exercise. The community and personal sector response has led to journey constraints, short-term business enterprise closures, quarantines, inventory market place volatility, and interruptions in buyer and professional activity globally. Matters outside the house our manage have influenced our small business and operations and may well or may well proceed to hinder our capability to provide goods and providers to buyers, bring about disruptions in our supply chains, adversely have an impact on our business enterprise companions, drastically minimize the demand for our merchandise, adversely have an effect on the overall health and welfare of our personnel or lead to other unpredictable gatherings. In addition, there might be other challenges and uncertainties that Chemours is unable to determine at this time or that Chemours does not currently assume to have a content affect on its small business. Components that could lead to or lead to these variances include things like the pitfalls, uncertainties and other aspects reviewed in our filings with the U.S. Securities and Exchange Fee, including in our Quarterly Report on Type 10-Q for the quarter finished March 31, 2022 and in our Yearly Report on Sort 10-K for the yr ended December 31, 2021. Chemours assumes no obligation to revise or update any forward-seeking assertion for any reason, other than as necessary by regulation.