Chemours Obtains $60 Million in Hydrogen Grants from the DOE

Chemours, a globally recognized provider of chemical solutions, has announced its receipt of $60 million in grants from the U.S. Department of Energy (DOE). These funds, allocated under the Bipartisan Infrastructure Law, are designated to drive advancements in cutting-edge membrane technology for proton exchange membrane (PEM) water electrolysis. Additionally, they will facilitate the establishment of a consortium aimed at promoting the circularity of clean hydrogen materials.

Capitalizing on its expertise, Chemours aims to lead the development of a durable, high-performance Nafion™ membrane tailored to optimize the efficiency of PEM electrolyzer stacks. The project's primary objective is to deliver cost-effective, scalable solutions to address the prevailing challenges within the hydrogen industry. Furthermore, Chemours will actively engage in H2CIRC, a consortium dedicated to the sustainable recovery and recycling of materials from fuel cells and electrolyzers.

Stefanie Kopchick, Hydrogen Business Venture Leader at Chemours, emphasized the company's dedication to advancing the hydrogen economy and sustainability. Kopchick underscored that the DOE's grant allocations underscore Chemours' leadership role and collaborative efforts with public, private, and academic partners in advocating hydrogen as a clean energy source.

Gerardo Familiar, President of Advanced Performance Materials at Chemours, emphasized the company's crucial role within the hydrogen supply chain. Familiar emphasized Chemours' prominence as a leading global supplier of ionomers and membranes for PEM electrolysis, along with its involvement in the Appalachian Regional Clean Hydrogen Hub (ARCH2).

The DOE grants are part of a comprehensive $750 million funding initiative aimed at propelling advancements in hydrogen technologies and bolstering manufacturing and recycling capabilities for clean hydrogen systems. This initiative aligns seamlessly with the U.S. National Clean Hydrogen Strategy and Roadmap, which prioritizes cost reduction, enhancement of manufacturing capabilities, reinforcement of supply chains, and promotion of domestic job creation.

With its extensive market presence in various chemical products and solutions, Chemours is poised to leverage these grants to further contribute to the transition towards clean energy through innovative chemistry and technology. The financial support from the DOE is expected to accelerate Chemours' efforts in hydrogen technology development and sustainable practices.

The Chemours Company (NYSE: CC) stands at the forefront as a global leader in Titanium Technologies, Thermal & Specialized Solutions, and Advanced Performance Materials. It offers customers a comprehensive array of solutions across various industries, characterized by market-defining products, application expertise, and cutting-edge chemistry-based innovations.

Chemours provides tailored solutions encompassing a diverse array of industrial and specialty chemical products for various markets. These markets include coatings, plastics, refrigeration and air conditioning, transportation, semiconductor and consumer electronics, general industrial, and oil and gas.