Latest news with #Chemours
Yahoo
10 hours ago
- Business
- Yahoo
Chemours Appoints Industry Vet Nathan Blom as Vice President of Liquid Cooling Growth Portfolio
WILMINGTON, Del., June 10, 2025--(BUSINESS WIRE)--The Chemours Company ("Chemours") (NYSE: CC), a global chemistry company, announced the appointment of Nathan Blom as Vice President of its liquid cooling portfolio, effective June 9, 2025. With Blom's wealth of technology and data center experience, his addition reinforces Chemours' commitment to driving near- and long-term growth in the liquid cooling market. Bringing over two decades of experience in executive leadership, business transformation, and go-to-market strategy across the technology and data center infrastructure sectors, Blom is a strong addition to Chemours leadership. The appointment supports the company's "Pathway to Thrive" strategy, with liquid cooling representing a key growth driver and an entry into a transformative new market. "Nathan's deep expertise in liquid cooling and his proven track record of scaling innovative technologies make him the ideal leader for our growing liquid cooling portfolio," said Gerardo Familiar, President of Advanced Performance Materials at Chemours. "As we expand our presence in this rapidly evolving market, Nathan's leadership and first-hand perspective will be instrumental in helping us deliver high-performance, sustainable solutions that drive a lower total cost of ownership and smaller footprint for our customers." Prior to joining Chemours, Blom served as Co-CEO and Chief Commercial Officer at Iceotope Technologies, a liquid cooling company, where he spearheaded the business' commercial expansion, product roadmap, and market positioning following a successful Series B funding round. Prior to Iceotope, Blom held senior leadership roles at Lenovo, where he played a pivotal role in the integration and growth of the Data Center division, and HP, where he led OEM business development and sales across the Americas. "Liquid cooling is not just the future of the data center industry—it is now the present reality for all those involved in designing and constructing data centers, both at large scale and the edge," said Nathan Blom, VP of Liquid Cooling at Chemours. "Chemours has taken one of the most strategically important positions in the liquid cooling market by enabling hyper-efficient heat capture that allows for the maximum density of the highest performance components. I am excited and honored to join the team at Chemours that has proven their capacity to create industry-leading technologies that balance performance, environmental impact, and a commitment to continued innovation." Nathan holds an MBA from the McCombs School of Business at the University of Texas at Austin, a Master of Divinity from Luther Seminary, and a BA from Texas Lutheran University. Chemours' Liquid Cooling portfolio includes Opteon™ two-phase immersion cooling technology, which offers an ultra-low global warming potential (10), a power usage effectiveness (PUE) approaching 1, and superior performance capabilities compared to traditional or other liquid cooling technologies. The technology nearly eliminates water use, reduces space requirements by 60%, and lowers energy consumption by up to 40% and cooling energy use by up to 90%. For more information, visit About The Chemours Company The Chemours Company (NYSE: CC) is a global leader in providing industrial and specialty chemicals products for markets, including coatings, plastics, refrigeration and air conditioning, transportation, semiconductor and advanced electronics, general industrial, and oil and gas. Through our three businesses –Thermal & Specialized Solutions, Titanium Technologies, and Advanced Performance Materials – we deliver application expertise and chemistry-based innovations that solve customers' biggest challenges. Our flagship products are sold under prominent brands such as Opteon™, Freon™, Ti-Pure™, Nafion™, Teflon™, Viton™, and Krytox™. Headquartered in Wilmington, Delaware and listed on the NYSE under the symbol CC, Chemours has approximately 6,000 employees and 28 manufacturing sites and serves approximately 2,500 customers in approximately 110 countries. For more information, visit or follow us on 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, new product development, technology and expected contributions to advancing the data center energy efficiency, improving sustainability, circularity, decreasing environmental footprint, plans to continue investment in research and development, and management performance, 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. These statements are not guarantees of future performance. Forward-looking statements also involve risks and uncertainties that are beyond Chemours' control. Matters outside our control, including general economic conditions, geopolitical conditions and global health events, and changes in environmental regulations in the U.S. or other jurisdictions that affect demand for or adoption of our products, have affected or may affect 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 such as through strikes, labor disruptions or other events, 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, 2025, and in our Annual Report on Form 10-K for the year ended December 31, 2024. Chemours assumes no obligation to revise or update any forward-looking statement for any reason, except as required by law. View source version on Contacts INVESTORS Brandon Ontjes Vice President, Head of Strategy & Investor Relations +1.302.773.3300 investor@ NEWS MEDIA Cassie Olszewski Media Relations & Reputation Leader +1.302.219.7140 media@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
10 hours ago
- Business
- Business Wire
Chemours Appoints Industry Vet Nathan Blom as Vice President of Liquid Cooling Growth Portfolio
WILMINGTON, Del.--(BUSINESS WIRE)--The Chemours Company ('Chemours') (NYSE: CC), a global chemistry company, announced the appointment of Nathan Blom as Vice President of its liquid cooling portfolio, effective June 9, 2025. With Blom's wealth of technology and data center experience, his addition reinforces Chemours' commitment to driving near- and long-term growth in the liquid cooling market. 'Liquid cooling is not just the future of the data center industry—it is now the present reality for all those involved in designing and constructing data centers, both at large scale and the edge,' said Nathan Blom, VP of Liquid Cooling at Chemours. Bringing over two decades of experience in executive leadership, business transformation, and go-to-market strategy across the technology and data center infrastructure sectors, Blom is a strong addition to Chemours leadership. The appointment supports the company's 'Pathway to Thrive' strategy, with liquid cooling representing a key growth driver and an entry into a transformative new market. 'Nathan's deep expertise in liquid cooling and his proven track record of scaling innovative technologies make him the ideal leader for our growing liquid cooling portfolio,' said Gerardo Familiar, President of Advanced Performance Materials at Chemours. 'As we expand our presence in this rapidly evolving market, Nathan's leadership and first-hand perspective will be instrumental in helping us deliver high-performance, sustainable solutions that drive a lower total cost of ownership and smaller footprint for our customers.' Prior to joining Chemours, Blom served as Co-CEO and Chief Commercial Officer at Iceotope Technologies, a liquid cooling company, where he spearheaded the business' commercial expansion, product roadmap, and market positioning following a successful Series B funding round. Prior to Iceotope, Blom held senior leadership roles at Lenovo, where he played a pivotal role in the integration and growth of the Data Center division, and HP, where he led OEM business development and sales across the Americas. 'Liquid cooling is not just the future of the data center industry—it is now the present reality for all those involved in designing and constructing data centers, both at large scale and the edge,' said Nathan Blom, VP of Liquid Cooling at Chemours. 'Chemours has taken one of the most strategically important positions in the liquid cooling market by enabling hyper-efficient heat capture that allows for the maximum density of the highest performance components. I am excited and honored to join the team at Chemours that has proven their capacity to create industry-leading technologies that balance performance, environmental impact, and a commitment to continued innovation.' Nathan holds an MBA from the McCombs School of Business at the University of Texas at Austin, a Master of Divinity from Luther Seminary, and a BA from Texas Lutheran University. Chemours' Liquid Cooling portfolio includes Opteon™ two-phase immersion cooling technology, which offers an ultra-low global warming potential (10), a power usage effectiveness (PUE) approaching 1, and superior performance capabilities compared to traditional or other liquid cooling technologies. The technology nearly eliminates water use, reduces space requirements by 60%, and lowers energy consumption by up to 40% and cooling energy use by up to 90%. For more information, visit About The Chemours Company The Chemours Company (NYSE: CC) is a global leader in providing industrial and specialty chemicals products for markets, including coatings, plastics, refrigeration and air conditioning, transportation, semiconductor and advanced electronics, general industrial, and oil and gas. Through our three businesses –Thermal & Specialized Solutions, Titanium Technologies, and Advanced Performance Materials – we deliver application expertise and chemistry-based innovations that solve customers' biggest challenges. Our flagship products are sold under prominent brands such as Opteon™, Freon™, Ti-Pure™, Nafion™, Teflon™, Viton™, and Krytox™. Headquartered in Wilmington, Delaware and listed on the NYSE under the symbol CC, Chemours has approximately 6,000 employees and 28 manufacturing sites and serves approximately 2,500 customers in approximately 110 countries. For more information, visit or follow us on 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, new product development, technology and expected contributions to advancing the data center energy efficiency, improving sustainability, circularity, decreasing environmental footprint, plans to continue investment in research and development, and management performance, 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. These statements are not guarantees of future performance. Forward-looking statements also involve risks and uncertainties that are beyond Chemours' control. Matters outside our control, including general economic conditions, geopolitical conditions and global health events, and changes in environmental regulations in the U.S. or other jurisdictions that affect demand for or adoption of our products, have affected or may affect 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 such as through strikes, labor disruptions or other events, 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, 2025, and in our Annual Report on Form 10-K for the year ended December 31, 2024. Chemours assumes no obligation to revise or update any forward-looking statement for any reason, except as required by law.
Yahoo
3 days ago
- Business
- Yahoo
Chemical company hit with $450 million penalty after contaminating public land for decades: 'We are hardly done'
Global manufacturing conglomerate 3M has bowed out of a historic environmental legal battle brought on by the state of New Jersey just days before the lawsuit's scheduled trial. This settlement is one of the largest wins a state has ever received to rectify damages to its land and natural resources, according to Inside Climate News. Since March 2019, New Jersey has filed three lawsuits against 3M and simultaneous lawsuits against chemical giants DuPont and Chemours — the latter of which is a spinoff of the former. Two of the three 3M lawsuits concerned the contamination of the state's natural resources near the Chambers Works sites, an active chemical plant that was previously operated by DuPont for gunpowder manufacturing and later by Chemours for dye and chemical production. According to Manufacturing Dive, 3M was accused of supplying over 500,000 pounds of PFOA, a type of PFAS, to the Chambers Works site from the 1970s to 2002 for DuPont to use in its nonstick technology, Teflon. The manufacturing waste created during Teflon production was then allegedly discharged into the state's air, water, and soil surrounding the plant's site, contaminating natural resources with PFAS, which has large ramifications on public health and the environment. PFAS are called "forever chemicals" because they can take up to hundreds or even thousands of years to break down. They leach into the soil and water supplies, which then get ingested by wildlife and humans, accumulating in our bodies' organs. Exposure to PFAS has been linked to disruptions in the endocrine system and mutations in gene expression, as well as increased risk of certain cancers and metabolic conditions. 3M's historic settlement with the state of New Jersey, a total compensation of $450 million for restoring the state's natural resources, marks a triumph in environmental conservation. This case sets the tone for ongoing litigation with DuPont and Chemours, in addition to other states looking to hold corporations accountable for their environmental impact. "If you harm our residents, if you turn a profit at the expense of their interest and their health, if … you put the health and safety of our residents at risk — we're going to hold you accountable," said New Jersey Attorney General Matt Platkin, per Inside Climate News. "We are hardly done. We will continue to hold DuPont, Chemours, and their progeny companies accountable. Expect that they come to the table or sit before a judge and jury," warned New Jersey Department of Environmental Protection Commissioner Shawn LaTourette, per Inside Climate News. Do you feel safe drinking the tap water where you live? Always Most of the time Not usually Never Click your choice to see results and speak your mind. Join our free newsletter for good news and useful tips, and don't miss this cool list of easy ways to help yourself while helping the planet.
Yahoo
21-05-2025
- Business
- Yahoo
3M reached $450M settlement with New Jersey over alleged PFAS contamination
This story was originally published on Manufacturing Dive. To receive daily news and insights, subscribe to our free daily Manufacturing Dive newsletter. 3M announced last week that it reached a proposed agreement with the New Jersey Department of Environmental Protection to pay up to $450 million to resolve all legacy PFAS-related claims in the state. The deal includes an approximately $210 million commitment to settle litigation relating to The Chemours Co.'s Chambers Works site in Deepwater, New Jersey, alleging 3M supplied PFAS to one of the facilities, according to court documents. The settlement also includes 3M's pledge to pay approximately $75 million to resolve current and future statewide claims from 2030 to 2050, according to the press release. New Jersey officials have filed three lawsuits against 3M since March 27, 2019, according to court documents. In March 2019, New Jersey's Department of Environmental Protection issued a mandate to 3M — along with Solvay Specialty Polymers USA, E.I. DuPont de Nemours, then conglomerate DowDuPont and Chemours — to fund the state's PFAS assessment and cleanup efforts. The state then sued the chemical manufacturers listed in the directive. Two of the 3M lawsuits are related to the Chambers Works factories site, which DuPont previously owned and initially established as a gunpowder manufacturing plant in 1892, according to the U.S. Environmental Protection Agency. The facilities later began producing dyes and chemical manufacturing. The state's environmental agency accused 3M of allegedly supplying more than 500,000 pounds of PFOA, a form of PFAS, to the site from the 1970s until 2002, according to court documents. The state also holds 3M partially responsible for DuPont's alleged disposal of PFAS-laced waste from the Chambers Works site, saying that the waste was generated by DuPont using 3M's PFOA-based products. The discharge allegedly contaminated New Jersey's natural resources near the site, according to the lawsuit. Chemours took over the Chambers Works site and production in 2015 when DuPont broke off Chemours and Corteva as their own separate entities. The Chambers Works facilities still make fluorinated products such as oils and greases, according to the Chemours website. The last lawsuit involves allegations that 3M contaminated public water supplies across the U.S. with PFAS-based aqueous film-forming foam. A federal judge finalized 3M's settlement last year, and the company agreed to pay public water suppliers between $10.5 billion and $12.5 billion. States included in the multidistrict litigation have the choice to opt out of the settlement and instead pursue further litigation. 3M's proposed settlement with New Jersey will resolve the state's lawsuits against the chemical manufacturer, as well as the state's agreement not to sue in the future. 3M said in its press release that the agreement is not an admission of liability. While 3M has one manufacturing facility in Flemington, New Jersey, the factory does not produce any forever chemicals-laced products. The company is on track to phase out its PFAS usage in its manufacturing processes by next year. New Jersey officials noted in the agreement that 3M 'has taken actions, which other companies have not taken, to cease manufacturing of AFFF and PFAS and to seek to phase out the use of PFAS in its products.' 3M is the second chemical manufacturer with which New Jersey has settled litigation. In 2023, the U.S. subsidiary of Brussels-based chemical company Solvay S.A. reached a $392.7 million settlement regarding PFAS contamination claims in the state. 3M settled with the state a week before it was set to go to trial, alongside DuPont and Chemours. The first phase of the court trial involving Chemours and DuPont began on Monday, according to the court documents. Recommended Reading Solvay reaches $393M 'forever chemicals' settlement with New Jersey Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
21-05-2025
- Business
- Yahoo
Chermours, DataVolt Sign Agreement to Boost Liquid Cooling Solution for AI Data Centers
On May 19, The Chemours Company (NYSE:CC) announced its partnership with DataVolt, an operator of data management platforms with supercomputing capabilities, to develop advanced liquid cooling solutions for AI data centres. Chemours' two-phase direct-to-chip and immersion cooling technology has gained momentum, driven by growing demand for data centres. A modern computer datacenter, running an advanced quantum computer system. To enhance sustainability for AI and next-generation chips, Chemours and Datavolt will develop a system that will reduce cooling energy by almost 90%, lowering the total cost of ownership by 40%. With Chemours' technology, there will be no need for water use to enhance cooling efficiency for AI data centres. The growing demand for AI data centres strengthens Chemours' position in sustainable thermal management. The Chemours Company (NYSE:CC) also has an agreement with Navin Fluorine to produce Opteon two-phase immersion cooling fluid, fulfilling data centre cooling needs. Goldman Sachs Research projects global power demand from data centres to increase 50% by 2027 and nearly 165% by the end of 2030, driven by AI. This growing demand will create opportunities for players like Chemours and DataVolt to minimize operational costs for data centres. The Chemours Company (NYSE:CC) offers industrial and speciality products for various industries, including coating, plastics, semiconductor, transportation, oil and gas, and refrigeration and air conditioning, among others. The company serves over 2,700 customers through its top-rated brands such as Opteon, Freon, Viton, Krytox, Ti-Pure, Nafion, and Teflon. While we acknowledge the potential of CC to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than CC and that has 100x upside potential, check out our report about this cheapest AI stock. Read Next: and . Disclosure. None. Sign in to access your portfolio
