Companies agree to pay $110M settlement for PFAS chemicals in Ohio
The Chemours Co. (CC) said Wednesday it reached a settlement with the State of Ohio along with DuPont de Nemours Inc. (DD) and Corteva Inc. (CTVA) for $110 million to resolve claims related to the manufacture and sale of per- and polyfluoroalkyl substances (PFAS). The agreement resolves Ohio's PFAS claims from the companies' facilities including the Washington Works plant along the Ohio-West Virginia border. Chemours will pay 50% of the settlement costs, or $55 million, while DuPont and Corteva will be responsible for the remaining 50%. "Chemours believes this settlement furthers its objective to manage and resolve legacy liabilities," the company said. Chemours stock was up by 1.4% in premarket trading. DuPont's stock has risen 3.4% so far in 2023, compared to an 18.6% increase by the S&P 500 .
-Steve Gelsi
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11-29-23 0715ET
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