Chemours Company Expands Ingleside, Texas, Manufacturing Plant
Chemours will invest $230 million over three years to construct the new facility at the Chemours Corpus Christi site in Ingleside with start-up expected in third quarter of 2018.
According to the firm, its ”investment will triple capacity of Opteon products, enabling Chemours to capitalize on a cornerstone growth opportunity. The Opteon portfolio is a breakthrough line of solutions with very low Global Warming Potential.”
The new site will use an innovative, patented process to manufacture Opteon YF (HFO-1234yf), which is used in automotive air conditioning and in Opteon refrigerant blends for a range of applications. This investment will create the world's largest facility for manufacturing hydrofluoroolefins, and the location will allow Chemours to efficiently serve the growing market in North America and Europe, as well as the rest of the world. Today Chemours is the capacity leader for HFO-1234yf-based products, a position that will be maintained through this investment.
"Opteon products were developed in response to increasingly stringent environmental regulations, and in many cases they perform better than the products they replace," said Mark Vergnano, President/CEO. "This is another step in our transformation plan, and is a shining example of how Chemours is investing in innovative growth opportunities as we become a higher value chemistry company, delivering essential solutions that improve the quality of life."
Expanded capacity will enable Chemours to meet customer needs in the face of exponential growth in demand for Opteon products, officials said. The company estimates that 40 million cars using HFO-1234yf will be on the road by end of 2017, growing to 140 million by end of 2020. The company predicts that one thousand supermarket and commercial refrigeration systems worldwide will be using Opteon™ XP40 by end of 2016, growing to as many as 10,000 systems by end of 2020.
Chemours has commercialized Opteon products for use in automotive air conditioning, stationary and transport refrigeration and chillers. The company has a development pipeline of additional Opteon solutions for stationary air conditioning, foam blowing agents and waste heat recovery.
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