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Press Release

Chemours Leads Remove2Reclaim Project to Advance Plastic Circularity

Published by Todd Bush on May 18, 2022

May 17, 2022 07:30 AM Eastern Daylight Time WILMINGTON, Del.--(BUSINESS WIRE)--The Chemours Company ('Chemours') (NYSE: CC), a global chemistry company with leading market positions in Titanium Technologies, Thermal & Specialized Solutions, and Advanced Performance Materials, announced its participation leading a three-year recycling research project in collaboration with industry, academic, and government experts to develop an efficient, cost-effective, and more sustainable process for recovering titanium dioxide (TiO2) and polymers from plastic end-use products. The initiative, dubbed Remove2Reclaim, has the potential to drive significant environmental benefits, eliminating waste and reducing the amount of energy used in manufacturing, by enabling circularity across a much wider range of applications.

Current commercial scale recycling technologies do not allow polymers and additives to be effectively removed and separated, limiting the potential applications and overall quality of products made with recycled plastic. Remove2Reclaim is designed to change that. The project goal is to develop commercial-scale detection and extraction technologies that enable the removal and recovery of TiO2 and polymers for reuse.

'Through the Remove2Reclaim initiative, we hope to help crack the code on effective plastic recycling, achieving a new level of circularity for the industry,' said Steven De Backer, EMEA Technical Marketing Manager at Chemours. 'This initiative has the potential to reclaim thousands of tons of TiO2 from different end-of-life streams, reducing raw material demands, and creating a new TiO2 supply stream for our customers. We're honored to lead this project in collaboration with a team of experts from across the value chain to pursue a common goal that benefits our shared planet.'

In the project's first year, research partners have developed a sorting mechanism to effectively identify plastic wastes that contain TiO2 and determined innovative solvent-based extraction routes to remove TiO2 from different polymer matrices. Other project milestones include developing methods and equipment to detect TiO2 in specific polymer matrices, recovering TiO2 from the polymer by dissolution route, and eventually reusing the TiO2 and polymer in new products.

'At Chemours, we aspire to be the most sustainable TiO2 enterprise in the world, and that requires applying our expertise to some of the world's greatest challenges, including plastic circularity,' said Ed Sparks, President of Titanium Technologies at Chemours. 'We're committed to leveraging responsible chemistry and cross-industry collaboration to solve our customers' challenges with minimal impact on our shared planet. Remove2Reclaim is a great example of this model at work.'

The Remove2Reclaim project kicked off in September 2020 with the support of Catalisti, the spearhead cluster for the chemical and plastics industry in Flanders, Belgium. It includes a collaboration of the public and private sectors, including Chemours as the project coordinator, INEOS Styrolution, Lybover, Deceuninck, Matco Plastics, Centexbel, VITO, Ghent University, and KU Leuven. The project also received funding from VLAIO, the Flanders Innovation and Entrepreneurship Agency.

'Remove2Reclaim is an exciting project with the potential to turn recycling ambitions into circular solutions that benefit our planet,' reads a statement from Catalisti. 'By bringing together leaders in the industry, academic, and government spheres, we're taking a holistic approach that engages the entire value chain. The project has gained momentum under Chemours' leadership, and we're looking forward to seeing this initiative continue making progress toward achieving its goal of producing an innovative new recycling process.'

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 3,300 customers in approximately 120 countries. Chemours is headquartered in Wilmington, Delaware and is listed on the NYSE under the symbol CC.

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

Forward-Looking Statements

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 Quarterly Report on Form 10-Q for the quarter ended March 31, 2022 and 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.

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