Chemours invests in hydrogen economy
Chemours has announced a planned $200 million investment to increase capacity and advance technology for its industry-leading Nafion ion exchange materials. The company is now evaluating potential locations in the US and Europe for the investment, in accordance with applicable regulatory frameworks.
This was driven by the development of the hydrogen economy and will support growing market demand for clean hydrogen generation using water electrolysers, energy storage in flow batteries, and hydrogen conversion to power fuel cell vehicles, Chemours said. Nafion proton exchange membranes are used in fuel cells to convert hydrogen to power instantly, while the ion exchange materials enable flow batteries to store excess renewable energy and convert it back to electricity.