The Chemours Company, a global chemistry company with leading market positions in titanium technologies, fluoroproducts and chemical solutions, started construction on the company's new state-of-the-art research and innovation facility on the University of Delaware's Science, Technology and Advanced Research Campus in Newark, Delaware.
Construction on the new 312,000-square-foot facility, representing an investment of approximately $150 million, is expected to be completed by early 2020.
In partnership with University of Delaware, The Chemours Discovery Hub will conduct cutting edge research focused on new process, product, and application development to better meet customer and market needs.
"This is much more than a brick-and-mortar story; it's about the discoveries to come that just might change or at least shape the future," said Chemours President & CEO Mark Vergnano.
"The Chemours Discovery Hub will serve as a gathering place, a center for activity where vision, ambition, intelligence, and creative energy will flourish, not just for years, but for decades to come."
"Today's groundbreaking goes far beyond a new building for Chemours," said UD President Dennis Assanis. "As partners in innovation and economic development, Chemours and UD will build dynamic connections across business, education, research, learning and discovery. We are breaking ground on a new era of opportunity at the STAR Campus for the University of Delaware, our state and our shared future."
Delaware Governor John Carney said, "Collaboration between businesses and educational institutions has never been more important to the future of our economy.”
"This partnership between Chemours and the University of Delaware will drive innovation on the STAR campus, and connect Delaware students with leaders in their fields. Chemours' investment in this state-of-the-art facility also will continue a long tradition of important scientific discovery in Delaware, and keep good, high-paying jobs right here in our state,” said Governor Carney.