Chemours to pay $112.5M to settle EPA PFAS claims

The Chemours Company (NYSE: CC) has reached a settlement with the U.S. Environmental Protection Agency to resolve claims related to PFAS discharges at three of its operating facilities: Washington Works, Fayetteville Works, and Chambers Works.

Under the terms of the agreement, Chemours will pay a $22.5 million civil penalty to the EPA and the West Virginia Department of Environmental Protection, which is also a party to the settlement. Of that amount, $15 million had been previously accrued. The penalty is to be paid in three annual installments in 2026, 2027, and 2028, beginning within 30 days of court approval of the proposed Consent Decree.

In addition, Chemours has agreed to fund $90 million in mitigation projects over the next 15 years aimed at reducing PFAS emissions from its operating sites and supporting drinking water programs. The company also agreed to expand existing off-site drinking water programs in West Virginia, Ohio, and New Jersey. Chemours said the expansion is expected to result in an increase to its existing environmental reserves.

The settlement remains subject to final court approval. Claims released and not released are described in the proposed Consent Decree.

Separately, Chemours reached a resolution with the West Virginia Rivers Coalition for less than $1 million to settle litigation filed in 2024 under the Clean Water Act, which alleged exceedances of permitted discharge limits at the Washington Works facility.

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