Chemours gains after decision to resolve environmental claims with New Jersey

The Chemours

04/08/2025 12:19

** Shares of chemical company Chemours CC.N up 4.4% at $12 premarket

** Company, along with DuPont DD.N and Corteva CTVA.N, says they have reached an agreement with the state of New Jersey in various litigation matters, including PFAS chemicals and other state directives

** Under the settlement, the companies will pay a total of $875 million over a 25-year period

** The pre-tax total present value of the settlement payments is about $500 million, of which 50% will be paid by Chemours, 35.5% by DuPont and the rest by Corteva

** Perfluoroalkyl and polyfluoroalkyl substances (PFAS) are used in manufacturing a wide range of products, including nonstick coatings such as Teflon and firefighting foams

** PFAS have been linked to cancer, hormonal dysfunction, weakening of the immune system and environmental damage

** As of last close, CC shares down 32% YTD

(Reporting by Sumit Saha in Bengaluru)

((Sumit.Saha@thomsonreuters.com;))