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The Chemours Company Reaches Agreement with North Carolina DEQ and Cape Fear River Watch

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The Chemours Company (Chemours) (NYSE: CC), a global chemistry company with leading market positions in titanium technologies, fluoroproducts and chemical solutions, today announced an agreement with the State of North Carolina and the Cape Fear River Watch regarding emission control, remediation efforts, and ongoing health studies related to the companys Fayetteville Works manufacturing site.

This agreement will be managed by a consent order. The proposed consent order will be open for public comment and subject to court approval. Upon approval of the consent order, the lawsuit filed by the North Carolina Department of Environmental Quality will be resolved; those filed by Cape Fear River Watch will be dismissed. This agreement provides comprehensive and effective solutions to the environmental concerns raised by the community and a clear compliance framework for long-term operations at the Fayetteville Works facility. It also reflects previous commitments Chemours has made and actions the company has begun as part of its investment of over $100 million, including state of the art technology to reduce emissions of GenX and all PFAS compounds by 99% or greater by the end of 2019. The company previously announced its first, formal social responsibility programten ambitious goals spanning eight areas: safety excellence, vibrant communities, empowered employees, climate, water quality, waste, sustainable offerings, and a sustainable supply chain. The investment and ongoing work at its Fayetteville Works plant was highlighted as an example of these commitments. This agreement is an example of how industry can work with stakeholders at the local and state level to address these concerns, said Paul Kirsch, president of Chemours fluoroproducts business unit. We are committed to operating with transparency and a bedrock commitment to a …

[Read on via official release]

Source: US SEC
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EX-991_of_8-K_for_Chemours_Co__8-K-11-23-2018