Chemours responds to EPS 2015 ruling to regulate HFCs
Chemours expresses its disappointment with the decision by the U.S. Court of Appeals for the D.C. Circuit regarding EPA's Significant New Alternatives Policy, or SNAP, program Rule 20. Chemours believes EPA properly used its existing authority under the Clean Air Act and followed the required process to compare the impact of alternatives on human health and the environment before changing the status of high global warming potential, or GWP, alternatives to unacceptable. In the US, CO2 Greenhouse Gas carbon credits remain in place which offer incentives to US automakers to transition to a low-GWP refrigerant. Currently, over 50% of the market has transitioned to HFO-1234yf, and we expect this transition to continue so that automakers can take advantage of the credits. Chemours supports the continued reduction of greenhouse gas emissions and the global frame-work of climate change regulations and incentives already in place. This includes the European Union MAC Directive and F-Gas Regulations, and US CO2 Greenhouse Gas carbon credits for US automakers which will continue to drive the need for low-GWP products. The company is currently reviewing the court's ruling and assessing its options which could include an appeal of this ruling.