Chemours settles PFAS claims for $22.5M penalty

• Chemours Company (NYSE:CC) reached a settlement with the U.S. EPA and West Virginia regulators over PFAS discharge claims.
• The agreement includes a $22.5 million civil penalty and $90 million in mitigation projects over 15 years.
• The deal also expands drinking water programs and remains subject to court approval under a proposed consent decree.

Chemours Company (NYSE:CC) announced a settlement with the U.S. Environmental Protection Agency and West Virginia regulators to resolve claims related to PFAS discharges at three operating sites.

The company agreed to pay a $22.5 million civil penalty over three years and fund $90 million in environmental mitigation projects over a 15-year period.

The agreement also includes expanded off-site drinking water programs, which Chemours said are expected to increase its environmental reserves.

The settlement is outlined in a proposed consent decree that remains subject to approval by a federal court before becoming final.

Chemours also separately resolved related litigation with the West Virginia Rivers Coalition for less than $1 million, concluding additional environmental claims tied to the same issue.