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Chemours Co
Chemours, the DuPont spinout led by CEO Mark Newman, generated $6B in 2024 revenue across TiO2, refrigerants, and hydrogen-enabling Nafion membranes.
Chemours Co
Chemours was spun out of DuPont in July 2015 as a pure-play performance chemicals company, carrying with it the legacy titanium technologies, fluoroproducts, and chemical solutions businesses that had long been embedded in DuPont's industrial portfolio. Mark Newman, who previously served as COO, took over as President and CEO in July 2021, inheriting a business structured around three segments: Titanium Technologies, Thermal & Specialized Solutions, and Advanced Performance Materials. The company manufactures on three continents, with major production sites in the United States, Mexico, and Belgium. The firm's asset mix spans refrigerants, titanium dioxide pigments, fluoropolymer resins, and specialty industrial intermediates. Its TiO2 business, built around the Ti-Pure brand, supplies coatings, plastics, and laminates manufacturers globally. In fluoropolymers, Chemours produces Teflon-branded resins and coatings, along with Viton fluoroelastomers and Krytox performance lubricants. On the energy-transition side, the company's Nafion ion-exchange membranes are a critical component in proton exchange membrane (PEM) water electrolyzers and hydrogen fuel cells — a position that has drawn attention from hydrogen infrastructure developers. Confirmed industrial relationships include long-term supply agreements with automotive OEMs and chemical distributors across North America, Europe, and Asia-Pacific. Chemours employs approximately 6,200 people and operates more than 30 production and laboratory facilities worldwide. The company's corporate headquarters sits in Wilmington, Delaware, placing it within the DuPont legacy orbit, though operations extend to sites in Tennessee, Texas, Belgium, and Mexico. Adjacent to its commercial operations, Chemours funds environmental remediation obligations tied to legacy per- and polyfluoroalkyl substances (PFAS) liabilities through a cost-sharing framework with DuPont and Corteva, a structure finalized in 2021 that created a $4 billion escrow fund to address water-district claims. In February 2024, the company announced a strategic review of its Advanced Performance Materials segment, including a potential sale, signaling a narrowing focus toward TiO2 and thermal management. Chemours operates with a dual posture: it is simultaneously a cash-generating industrial chemical franchise and an energy-transition materials supplier. Unlike diversified specialty-chemical peers that bundle pharma, agriculture, or consumer additives, Chemours remains concentrated in fluorochemistry, coatings inputs, and thermal-management solutions. The Nafion membrane business provides the structural hook for capitalizing on green hydrogen infrastructure deployment, while the TiO2 and refrigerant segments generate the steady-state cash flow that funds environmental liabilities and incremental growth capex.
General information
Firm type
Asset Manager
Year founded
2015
AUM
Undisclosed
Location
Region
North America
Country
United States
City
Wilmington
Corporate office
Wilmington, DE, United States
Principals
Mark Newman
President and CEO
Sector focus
Frequently asked questions
What is the relationship between Chemours, DuPont, and Corteva?
Chemours was spun out of DuPont in July 2015 as a standalone performance chemicals company. Corteva was separated from the same DuPont parent in 2019 as the agricultural division. The three entities share a contractual framework for managing legacy PFAS-related environmental liabilities, established in 2021, which allocates costs among them and created an escrow fund to address water-district claims (per public record).
How does the Nafion membrane business position Chemours in the energy transition?
Chemours produces Nafion proton exchange membranes used in PEM water electrolyzers and hydrogen fuel cells. These membranes are a critical component for green hydrogen production and fuel-cell vehicles. The company has supplied Nafion to hydrogen infrastructure developers and electrolyzer manufacturers, placing it in the supply chain for an energy-transition technology stack that sits outside its traditional fluoropolymer and TiO2 businesses.
What drove the February 2024 strategic review of the Advanced Performance Materials segment?
The review, disclosed in February 2024, signaled management's intent to concentrate capital and operational focus on the Titanium Technologies and Thermal & Specialized Solutions segments, which together account for the majority of Chemours' revenue and EBITDA. The Advanced Performance Materials portfolio, which includes fluoropolymer resins and specialty coatings, was deemed non-core to the refined corporate strategy, and a potential sale remains under evaluation (per the firm's official communications, 2024).
Which industrial segments are Chemours' primary end markets?
Chemours supplies titanium dioxide pigments to the coatings, plastics, and laminates industries; refrigerants and thermal-management fluids to HVAC and automotive OEMs; fluoropolymer resins and coatings to industrial manufacturing, electronics, and energy sectors; and performance lubricants and specialty intermediates to aerospace, automotive, and chemical-processing customers. Its Nafion membranes additionally serve electrolyzer and fuel-cell manufacturers within the hydrogen economy.
How are Chemours' PFAS-related environmental liabilities structured?
In 2021, Chemours, DuPont, and Corteva finalized a binding cost-sharing arrangement to manage legacy PFAS liabilities tied to historic chemical manufacturing. The agreement created a $4 billion escrow to resolve water-district claims and established a framework for allocating future remediation and litigation costs among the three companies. Chemours bears a defined share of these obligations proportionate to its responsibility for the underlying historical operations (per public record).
Where does Chemours manufacture its products?
Chemours operates production facilities and laboratories across North America, Europe, and Asia-Pacific, with major manufacturing sites in the United States (Delaware, Tennessee, Texas), Mexico, and Belgium. The company maintains more than 30 sites globally, supporting its three operating segments and serving regional industrial supply chains.
Who leads Chemours' executive team?
Mark Newman has served as President and CEO since July 2021, after previously holding the role of Chief Operating Officer. The executive team manages the company's three-segment structure — Titanium Technologies, Thermal & Specialized Solutions, and Advanced Performance Materials — and oversees the operational execution of the refined corporate strategy disclosed in 2024 (per the firm's official communications).
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