The Chemours Company, which spun off from Dupont Co. last year, will invest $230 million in a large-scale manufacturing facility in Texas to produce its Opteon chemical line. It will be the world’s largest facility for manufacturing hydrofluoroolefins.
The Ingleside, Texas, facility will allow Chemours to triple its production of Opteon.
Chemours is the leader manufacturer of HFO-1234yf-based products.
Opteon products were developed in response to environmental regulations.
“In many cases they perform better than the products they replace,” Chemours CEO Mark Vergnano said. “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.”