Critical to advancing next-generation computing
and electric vehicle technologies, fluid offers lower global
warming potential with best-in-class heat removal and heat recovery
performance
The Chemours Company (“Chemours”) (NYSE: CC), a global chemistry
company with leading market positions in Titanium Technologies,
Thermal & Specialized Solutions, and Advanced Performance
Materials, recently announced important achievements in the
development and manufacture of Opteon™ 2P50, a new heat-transfer
fluid for two-phase immersion cooling (2-PIC). The proprietary
fluid is currently in the final testing stages for manufacturing
capability, with initial commercialization targeted for 2025,
pending appropriate regulatory approvals. Chemours’ Opteon™ 2P50 is
a proprietary hydrofluoroolefin (HFO) dielectric fluid designed to
meet the growing demand for high-performing products that reduce
environmental impact while enabling circularity. Opteon™ 2P50
offers zero ozone depletion potential (ODP) and substantially lower
global warming potential (GWP) compared to incumbent fluids.
Chemours’ introduction of Opteon™ 2P50 represents a critical
step in positioning the company to meet a growing challenge brought
on by a new era of data transmission driving a dramatic increase in
demands for faster computing, AI capabilities, and other
cutting-edge applications—all of which are based in technologies
requiring elevated cooling capacities. Chemours’ new 2-PIC fluid
enables high-performance computing and energy-efficient cooling
across a broad range of thermal management applications.
“Two-phase immersion cooling represents a tremendous unmet
market need and Chemours is excited to be entering this space and
investing in the present and future needs in such a significant
way,” said Natalia Duchini, Senior Director, Global Technology at
Chemours. “We’ve innovated a next-generation fluid that meets or
exceeds our customers’ most critical criteria for performance and
efficiency. Moreover, by putting the power of our chemistry to
work, it also ensures sustainability in an evolving environmental
landscape.”
Worldwide, data centers currently account for approximately 1%
of carbon emissions and approximately 1 to 1.5% of electricity
consumption. More than 95% of data centers use traditional air- and
water-cooling technologies. 2-PIC is the most sustainable, cost
effective, and efficient alternative to traditional air-cooled data
centers in terms of energy and water consumption. By submerging
electronic equipment directly in a dielectric fluid, they can be
cooled efficiently and safely, without the risk of hardware damage.
Customer trials of Chemours Opteon™ 2P50 have confirmed outstanding
performance.
2-PIC can reduce data center cooling energy consumption by more
than 90% and nearly eliminate water use, reducing operating
expenses. In addition, 2-PIC simplified cooling structure supports
reduced capital expenditures by enabling up to a 60% reduction in
the physical data center footprint, while ensuring optimum cooling
capabilities to support next-generation high-performance computing
applications. The ability to reclaim and reuse the two-phase
immersion fluid also creates a clear path to a circular
economy.
“We’re working to create more than just an incremental
improvement,” said Duchini. “Our vision is to set a new industry
standard with the performance and thermal stability of Opteon™
2P50. In addition to playing a critical role in enabling 2-PIC
technologies through enhanced thermal management performance, this
new solution from Chemours will enable businesses and entire
industries to reduce their physical footprint and environmental
impact.”
Chemours Opteon™ 2P50 fluid for 2-PIC is aligned with the
transition to lower global warming potential (GWP) products.
Whether being used in immersion cooling applications, industrial
cooling, or throughout the entire cold chain, Chemours Opteon™
products offer a strong sustainability profile, and excellent
performance properties across a broad range of applications.
For more information visit Opteon.com.
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 are sold under
prominent brands such as Ti-Pure™, Opteon™, Freon™, Teflon™,
Viton™, Nafion™, and Krytox™. The company has approximately 6,600
employees and 29 manufacturing sites serving approximately 2,900
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, such as full year guidance
relying on models based upon management assumptions regarding
future events that are inherently uncertain. 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 and the COVID-19 pandemic, 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 June 30, 2023 and in our Annual Report on
Form 10-K for the year ended December 31, 2022. Chemours assumes no
obligation to revise or update any forward-looking statement for
any reason, except as required by law.
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version on businesswire.com: https://www.businesswire.com/news/home/20230731417625/en/
INVESTORS Brandon Ontjes VP, Financial Planning &
Analysis and Investor Relations +1.302.773.3300
investor@chemours.com
Kurt Bonner Manager, Investor Relations, Chemours
+1.302.773.0026 investor@chemours.com
NEWS MEDIA Thom Sueta Director of Corporate
Communications, Chemours +1.302.773.3903 media@chemours.com
investor@chemours.com
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