The Chemours Company, a worldwide chemical company with leading market positions in thermal & specialized solutions, titanium technologies, and advanced performance materials, announced a $200 million investment to expand the production capacity and advance technology for its industry-leading Nafion™ ion exchange materials to be located at its Villers-Saint-Paul, France, manufacturing facility.
The investment by Chemours complements the current efforts in the United States to establish a reliable supply chain and a strong capacity to support the hydrogen economy. It will help meet the expanding market demand for clean hydrogen generation utilizing water electrolyzers, energy storage in flow batteries, and hydrogen conversion to power fuel cell cars, as well as contribute to European and worldwide initiatives to facilitate the clean energy transition. As part of the investment, Chemours' regional production site will have its capabilities expanded to support and develop technological progress and innovative products for the global hydrogen economy.
Chemours' investment is contingent upon obtaining all customary permits and licenses required for the construction and operations at the 40-hectare Villers-Saint-Paul location, which will include the expansion of ionomer production and associated membranes to provide additional capacity to the Nafion™ materials supply chain.
The $200 million investment demonstrates Chemours' ongoing commitment to responsible manufacturing while supporting the company's 2030 corporate responsibility commitment goal of generating 50% or more of its revenue from products that contribute to the United Nations' Sustainable Development Goals. In addition, the site's expansion will generate employment in the Hauts-de-France area, with Chemours anticipating the creation of roughly 80 full-time jobs and 50 long-term contract positions.
About The Chemours Company
Chemours is an American chemical company that provides its customers with market-defining products, application expertise, and chemistry-based innovations for a wide range of industries. The firm offers tailored chemical solutions for various industrial and specialty chemical products for markets, including coatings, plastics, refrigeration and air conditioning, semiconductor and consumer electronics, and oil and gas. The firm has around 6,400 employees and 29 manufacturing locations that serve 3,200 clients in 120 countries. Its flagship products include leading brands such as Opteon™, Ti-Pure™, Teflon™, Freon™, Krytox™, Viton™, and Nafion™.