Wilmington, Delaware -- DuPont’s Performance Chemicals business is set to float on the New York stock exchange as The Chemours Co before mid-2015.
The division heads up the company’s fluorochemicals business – producer of HFO-1336mzz, which will be marketed as Formacel 1100 rigid foam expansion agent. It is also exploring the potential for using the foam in refrigerant applications. It also holds, and occasionally licences, process technologies for the production of aniline, a key building block for polyurethanes.
Mark Vergnano, who will be the company’s ceo, said it will be the world’s 12th or 13th largest chemical company.
Earlier this year, Kathryn McCord global business director for DuPont Fluorochemicals, said the firm “will continue to develop new offerings based on the breakthrough HFO technology and will pursue investments in large-scale and lower-cost production to enable adoption of Formacel 1100.”
The company's Securities and Exchange Commission filing on the matter is available here.