Chemours and Honeywell Announc – GuruFocus.com

Chemours and Honeywell Announc – GuruFocus.com

The Chemours Firm (“Chemours”) (NYSE: CC), and Honeywell (NASDAQ: HON), at this time introduced the launch of a brand new pilot program to allow certified firms to recycle and reclaim R-448A, also referred to as Honeywell Solsticepercent3Csuppercent3Epercent26regpercent3Bpercent3Cpercent2Fsuppercent3E+N40, and R-449A, also referred to as Opteonpercent26tradepercent3B+XP40, patented HFO refrigerant blends within the European Union and the UK.

This press launch options multimedia. View the total launch right here: https://www.businesswire.com/information/house/20221116005075/en/

Lately, international regulatory drivers and the growing want for a round economic system have spurred curiosity in actions equivalent to recycling and reclamation of refrigerants. Chemours and Honeywell are uniquely positioned to assist these actions and license certified firms to recycle and reclaim patented fluorochemical refrigerants. The outdated refrigerant is cleaned, returned to specification and used for service of refrigeration methods that want it. To make sure the integrity of those operations and the protection and high quality of the ensuing R-448A and R-449A, essential standards have been established for potential program members together with audit necessities and strict record-keeping.

“At Chemours, we try to create a greater world by means of the ability of our chemistry,” mentioned Alisha Bellezza President of Thermal & Specialised Options at Chemours. “This program demonstrates that dedication by offering the market with peace of thoughts that reclaimed and recycled HFO refrigerants are protected, authorized and meet stringent {industry} requirements. These patented merchandise, R-448A and R-449A, have been invented and developed to deliver environment friendly, low-global-warming-potential (GWP) options to the market, and this program ensures that certified recyclers and reclaimers make the most of product that originated from a certified supply to be legally accessible on the market.”

“Honeywell is dedicated to growing ready-now options, together with our Solstice portfolio of hydrofluoroolefin know-how, and supporting our clients of their environmental transformations,” mentioned Ken West, president, Honeywell Superior Supplies. “This program is one instance and an essential step in enabling the broader restoration, recycling and reclamation of fourth era fluorochemical refrigerants, equivalent to our reduced-GWP, energy-efficient, non-flammable Solstice N40, for a extra sustainable future.”

About The Chemours Firm

The Chemours Firm (NYSE: CC) is a world chief in Titanium Applied sciences, Thermal & Specialised Options, and Superior Efficiency Supplies offering its clients with options in a variety of industries with market-defining merchandise, software experience and chemistry-based improvements. We ship custom-made options with a variety of business and specialty chemical substances merchandise for markets, together with coatings, plastics, refrigeration and air-con, transportation, semiconductor and client electronics, normal industrial, and oil and fuel. Our flagship merchandise embrace outstanding manufacturers equivalent to Ti-Pure™, Opteon™, Freon™, Teflon™, Viton™, Nafion™, and Krytox™. The corporate has roughly 6,400 staff and 29 manufacturing websites serving roughly 3,200 clients in roughly 120 international locations. Chemours is headquartered in Wilmington, Delaware and is listed on the NYSE beneath the image CC.

For extra data, we invite you to go to chemours.com or observe us on Twitter %40Chemours or LinkedIn.

About Honeywell

Honeywell (www.honeywell.com) delivers industry-specific options that embrace aerospace services; management applied sciences for buildings and {industry}; and efficiency supplies globally. Our applied sciences assist plane, buildings, manufacturing vegetation, provide chains, and employees grow to be extra related to make our world smarter, safer, and extra sustainable. For extra information and data on Honeywell, please go to www.honeywell.compercent2Fnewsroom.

Chemours Ahead-Trying Statements

This press launch comprises forward-looking statements, throughout the which means of Part 27A of the Securities Act of 1933 and Part 21E of the Securities Trade Act of 1934, which contain dangers and uncertainties. Ahead-looking statements present present expectations of future occasions primarily based on sure assumptions and embrace any assertion that doesn’t immediately relate to a historic or present truth. The phrases “imagine,” “count on,” “will,” “anticipate,” “plan,” “estimate,” “goal,” “challenge” and related expressions, amongst others, typically determine “forward-looking statements,” which converse solely as of the date such statements have been made. These forward-looking statements might deal with, amongst different issues, the end result or decision of any pending or future environmental liabilities, the graduation, consequence or decision of any regulatory inquiry, investigation or continuing, the initiation, consequence or settlement of any litigation, modifications in environmental laws within the U.S. or different jurisdictions that have an effect on demand for or adoption of our merchandise, anticipated future working and monetary efficiency for our segments individually and our firm as an entire, enterprise plans, prospects, targets, targets and commitments, capital investments and initiatives and goal capital expenditures, plans for dividends or share repurchases, sufficiency or longevity of mental property safety, value reductions or financial savings targets, plans to extend profitability and progress, our potential to make acquisitions, combine acquired companies or belongings into our operations, and obtain anticipated synergies or value financial savings, all of that are topic to substantial dangers and uncertainties that would trigger precise outcomes to vary materially from these expressed or implied by such statements. Ahead-looking statements are primarily based on sure assumptions and expectations of future occasions that might not be correct or realized. These statements should not ensures of future efficiency. Ahead-looking statements additionally contain dangers and uncertainties which might be past Chemours’ management. As well as, the present COVID-19 pandemic has considerably impacted the nationwide and international economic system and commodity and monetary markets, which has had and we count on will proceed to have a damaging affect on our monetary outcomes. The total extent and affect of the pandemic remains to be being decided and up to now has included vital volatility in monetary and commodity markets and a extreme disruption in financial exercise. The private and non-private sector response has led to journey restrictions, non permanent enterprise closures, quarantines, inventory market volatility, and interruptions in client and business exercise globally. Issues outdoors our management have affected our enterprise and operations and will or might proceed to hinder our potential to supply items and providers to clients, trigger disruptions in our provide chains, adversely have an effect on our enterprise companions, considerably scale back the demand for our merchandise, adversely have an effect on the well being and welfare of our personnel or trigger different unpredictable occasions. Moreover, there could also be different dangers and uncertainties that Chemours is unable to determine right now or that Chemours doesn’t at the moment count on to have a cloth affect on its enterprise. Elements that would trigger or contribute to those variations embrace the dangers, uncertainties and different elements mentioned in our filings with the U.S. Securities and Trade Fee, together with in our Quarterly Report on Type 10-Q for the quarter ended September 30, 2022 and in our Annual Report on Type 10-Ok for the yr ended December 31, 2021. Chemours assumes no obligation to revise or replace any forward-looking assertion for any purpose, besides as required by legislation.

Honeywell Ahead-Trying Statements

This launch comprises sure statements that could be deemed “forward-looking statements” throughout the which means of Part 21E of the Securities Trade Act of 1934. Ahead-looking statements are those who deal with actions, occasions or developments that administration intends, expects, initiatives, believes or anticipates will or might happen sooner or later. They’re primarily based on administration’s assumptions and assessments in mild of previous expertise and traits, present financial and {industry} situations, anticipated future developments and different related elements. They don’t seem to be ensures of future efficiency, and precise outcomes, developments and enterprise selections might differ considerably from these envisaged by our forward-looking statements. We don’t undertake to replace or revise any of our forward-looking statements, besides as required by relevant securities legislation. Our forward-looking statements are additionally topic to dangers and uncertainties, together with the affect of the COVID-19 pandemic and the Russia-Ukraine battle, that may have an effect on our efficiency in each the near- and long-term. As well as, no assurance might be provided that any plan, initiative, projection, aim dedication, expectation, or prospect set forth on this launch can or will probably be achieved. Any forward-looking plans described herein should not last and could also be modified or deserted at any time. We determine the principal dangers and uncertainties that have an effect on our efficiency in our Type 10-Ok and different filings with the Securities and Trade Fee.

Chemours and Honeywell Announc – GuruFocus.com

View supply model on businesswire.com: https://www.businesswire.com/information/house/20221116005075/en/

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