Chemours Company (Chemours) (NYSE: CC), a leading global provider of innovative performance chemistry, announced on August 13th the official establishment of the Chemours Battery Innovation Center (CBIC). This is a pioneering laboratory facility, the result of a multi-million-dollar investment by Chemours at its Chemours Discovery Hub in Newark, Delaware, and will support the testing and development of next-generation battery technologies. The initiative aims to provide more sustainable, cost-effective, energy-efficient, and high-performance batteries for hybrid and electric vehicles.
The CBIC, as an advanced battery materials laboratory, is dedicated to enhancing the long-term potential for sustainability, footprint, and performance of hybrid and electric vehicle batteries. It will support the electrification of the automotive industry through collaboration with customers, leveraging Chemours' profound expertise in chemical technology to create a future of clean energy.
The CBIC will utilize Chemours' application development expertise to drive innovation in partnership with customers to scale the production of more sustainable, high-performance lithium-ion batteries (LiBs). The facility will act as a technical support lab where partners and customers can collaborate with Chemours' engineers to iterate, pilot, and adopt novel approaches to fabricating cost-effective LiBs.
Gerardo Familiar, President of Advanced Performance Materials at Chemours, stated that Chemours will apply its advanced chemistry and material science knowledge to participate in and accelerate the electrification of the automotive industry, promoting a clean energy transition. The development of Teflon™ fluoropolymer binders by Chemours is crucial for developing solvent-free, dry battery electrode manufacturing. Through the Chemours Battery Innovation Center, the scalability and application of this novel dry electrode coating technology can be realized, unlocking the potential for lithium-ion batteries and the electric vehicle industry.
The company also stated that the CBIC's state-of-the-art equipment and data analytics capabilities will enable predictive modeling, assisting electric vehicle manufacturers in adopting this innovative battery manufacturing technology to create high-performing electric vehicles.
Headquartered in Wilmington, Delaware, and listed on the NYSE under the symbol CC, Chemours Company provides industrial and specialty chemical products for markets including coatings, plastics, refrigeration and air conditioning, transportation, semiconductor and advanced electronics, general industry, and oil and gas. With three business segments—Titanium Technologies, Thermal & Specialized Solutions, and Advanced Performance Materials—Chemours delivers application expertise and chemistry-based innovations that address customers' most significant challenges. Employing approximately 6,100 people and operating 28 manufacturing sites globally, Chemours serves around 2,700 customers in approximately 110 countries.
