The Chemours Company a global chemistry company with leading market positions in Titanium Technologies, Thermal & Specialized Solutions, and Advanced Performance Materials, today announced its participation in a fundraising for Wilmington, Delaware-based Versogen Inc., a leader in developing anion exchange membrane technology for use in hydrogen production. Founded by University of Delaware professor Yushan Yan, Versogen’s AEM technology offers a reliable and affordable way to produce green hydrogen at scale.
Green hydrogen is the most promising alternative fuel to reduce greenhouse gas emissions in transportation and other industries that primarily rely on fossil fuels. When produced through water electrolysis and powered by renewable energy, large amounts of green hydrogen can be made while generating zero emissions. This process is essential to the clean energy transition and meeting global decarbonization goals.
“Chemours is passionate about the potential of the hydrogen economy and our role in it, and we're constantly looking for opportunities to accelerate innovation and new technologies for clean energy. We’re excited to participate in Versogen to help power their continued scale-up and to have the opportunity to collaborate with a start-up in our backyard to understand better the synergies between AEM technology and our Nafion™ ion exchange membranes in green hydrogen production.”
Denise Dignam, President, Advanced Performance Materials for Chemours
About The Chemours Company
As part of Chemours’ commitment to innovative and responsible chemistry that enables the sustainable products of the future, we are collaborating across the value chain to deliver advanced solutions that solve some of our customers’ and partners’ biggest challenges. As part of those efforts, Chemours is also a steering member of the Hydrogen Council and joined Hydrogen Europe and the European Clean Hydrogen Alliance to help realize the potential of hydrogen’s role in the global energy transition.
The Chemours Company 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.