WILMINGTON, Del., June 4, 2019 — The Chemours Company was presented today with the Sustainability Leadership Award from the American Chemistry Council for the development of Opteon™, its industry-leading, sustainable family of refrigerant chemical products.
Chemours developed Opteon™ to help its customers meet increasing market demands for high performance, more environmentally sustainable refrigerants and blends, fueled by increasingly stringent global-warming regulations around the world, as well as changing consumer preferences. Opteon™ refrigerants have zero ozone depletion potential (ODP) and very low Global Warming Potential (GWP).
"Our development of Opteon™ is a perfect example of how the power of chemistry can help solve some of the world's largest challenges," said Mark Vergnano, Chemours president and CEO. "Working with our value chain partners, we remain committed to providing the world with high-performing, low-GWP refrigerant products that are better for the environment. And with the start-up of our new $300 Million production facility in Corpus Christi, Texas, we have tripled our company's capacity for Opteon™, which allows us to meet growing customer demand while investing and creating new manufacturing jobs here in the United States."
Demand for more sustainable refrigerants has accelerated in recent years as the United States, Japan, and a number of European countries have rolled out stricter environmental standards, starting first with mobile air conditioning and then expanding into commercial refrigeration and residential and commercial air conditioning.
In mobile air conditioning, Chemours expects over 145 million vehicles on the road to be using Opteon™ YF (HFO-1234yf) by the end of 2020. Compared to previous-generation hydrochlorofluorocarbon (HFC) refrigerants, Opteon™ YF reduces GWP environmental impact by more than 99%. Opteon™ YF is based on hydrofluoro olefin (HFO) chemistry and has a GWP of less than 1. By comparison, the most common refrigerant, HFC-134a, has a GWP of 1,300.
For commercial refrigeration applications in Europe, Opteon™ XP40 has been one of the leading retrofit gases for R404A/R507, particularly in the supermarket refrigeration sector. Opteon™ XP40 has played a critical role since 2015 in allowing the market to comply with the F-gas regulations.
In addition, several global companies have recently selected Opteon™ products for residential and commercial air conditioning applications, including Carrier for their ducted residential and light commercial packaged air conditioning products in North America, Carrier Transicold Europe, Mitsubishi Electric Hydronics and IT Cooling Systems SpA (MEHITS), Johnson Controls, and E-Mart, Korea's largest hypermarket chain.
Additionally, last year Chemours announced a multi-year partnership with the National Hockey League focused on providing Opteon™ refrigerants to hockey rinks across North America. The partnership supports the NHL's Greener Rinks Initiative, a league-wide program committed to sharing sustainable business practices with community rink owners and operators.
In 2018, Chemours published its first Corporate Responsibility Commitments report, which centers on ten ambitious goals the company will focus on achieving by 2030. These goals are aligned with the United Nations Sustainable Development Goals and include developing and marketing products like Opteon™, which contribute to broader sustainability efforts.
"Consumers are demanding cleaner, greener, and more energy-efficient products, and we're positioning our customers farther up the value chain to meet that demand with products like Opteon™," said Paul Kirsch, president of Fluoroproducts at Chemours. "This is about doing well by doing good; we are dedicated to becoming a different kind of chemistry company for a world that demands more."