Chemours to Invest $200 Million in Hydrogen Tech Solutions
- Nafion membrane modern technology assists generate clean hydrogen from water electrolysis enabling the Hydrogen Economy.
- Nafion proton exchange membranes are used in fuel cells to convert hydrogen to power promptly, making fleets of zero-emission fuel cell-powered trucks, buses, trains, and also cars a reality.
Delaware-headquartered Chemours Company has revealed that it has actually planned a $200 million financial investment to boost capacity as well as advancement modern technology for its industry-leading Nafion ion exchange materials to support the Hydrogen Economy. Chemours is a worldwide chemistry company with substantial market positions in titanium innovations, thermal as well as specialized solutions and progressed performance materials.
The dealing with of climate change with energy transition has actually brought about high demand for hydrogen and also fuel cell innovation. Chemours said that its $200 million fresh financial investment will sustain growing market demand for clean hydrogen generation utilizing water electrolyzers, power storage space in flow batteries, and also hydrogen conversion to power fuel cell vehicles of the future.
" Our Nafion membrane technology is the heart of hydrogen power generation, storage, as well as usage," said Denise Dignam, President of Advanced Performance Materials at Chemours. He included, "Improved greater than half a century of experience, this planned new financial investment will further sustain the development of Chemours' partners, the overall Hydrogen Economy, and positions Chemours as a major industry player."
In its official statement, Chemours claimed that the investment will focus on the Nafion ion exchange materials modern technology system, whose chemical homes can help generate clean hydrogen from water electrolysis enabling the Hydrogen Economy. Nafion proton exchange membranes are used in fuel cells to convert hydrogen to power instantly, making fleets of zero-emission fuel cell-powered trucks, buses, trains, and cars a reality.
Also, the Nafion ion exchange materials enable flow batteries to save excess renewable energy and transform it back to power, helping to resolve the challenge of renewable power intermittency.
Chemours said that it has dedicated to leadership in liable production, and this capacity investment will contribute to its goal of changing the company's product portfolio to offerings that add to accomplishing the United Nations Sustainable Development Goals (UN SDGs). The company said that it is assessing potential places in the USA as well as Europe for the investments.