The Chemours Company announced a $200 million investment to increase capacity and advance technology for its Nafion™ ion exchange materials to be located at Chemours' manufacturing facility in Villers-Saint-Paul, France. Chemours' investment builds on the existing efforts in the U.S. to have a reliable supply chain and robust capacity to enable the hydrogen economy. It will support growing market demand for clean hydrogen generation using water electrolyzers, energy storage in flow batteries, and hydrogen conversion to power fuel cell vehicles, and contribute to European and broader global efforts to enable the clean energy transition.

As part of the investment, the capabilities of Chemours' regional manufacturing site will be expanded to support and advance technological progress and new products for the worldwide hydrogen economy. Despite solid growth in the deployment of green hydrogen technologies, the scale-up of the hydrogen economy supply chain capability and capacity remains critical in realizing the full potential of hydrogen energy and meeting escalating demand. Nafion™ Proton Exchange Membrane (PEM) technology represents one of the most promising solutions for green hydrogen production, which has several advantages, including faster start-up, fewer components, a smaller footprint, simpler maintenance, and zero emissions when coupled with renewable energy.

Chemours' investment is subject to obtaining all customary permits and licenses necessary for the construction and operations at the 40-hectare Villers-Saint-Paul site, which will include the expansion of ionomer production and associated membranes to deliver additional capacity in the Nafion™ materials supply chain. The $200 million investment demonstrates Chemours' continued commitment to responsible manufacturing while also supporting Chemours' 2030 Corporate Responsibility Commitment goal to generate 50% or more of its revenue from products that contribute to the United Nation's Sustainable Development Goals. In addition, the site expansion will create jobs in the Hauts-de-France region, and Chemours anticipates approximately 80 full-time jobs and about 50 long-term contracted positions.

Chemours' commitment to supporting the hydrogen economy also includes the company's participation and support of the U.S. Department of Energy's Hydrogen Shot and regional hydrogen hub initiative, as well as the launch of The Clean Hydrogen Partnership and Center for Clean Hydrogen with the University of Delaware. The company is also an active member of the Hydrogen Council, Hydrogen Europe, and the Renewable Hydrogen Coalition.