Announcement • 18h

The Chemours Company, DuPont De Nemours, Inc., Corteva, Inc., And EIDP, Inc. Settle PFAS-Related Claims With State Of North Carolina And Local Entities

On September 9, 2026, The Chemours Company (Chemours), DuPont de Nemours, Inc. (DuPont), Corteva, Inc. and EIDP, Inc., a subsidiary of Corteva, Inc. (together with Corteva, Inc., “Corteva”), entered into a settlement agreement (Settlement agreement) with the State of North Carolina and 11 local entities located in the vicinity of Chemours’ Fayetteville Works facility, including Bladen County, Brunswick County, Columbus County, Cumberland County, New Hanover County, Robeson County, Sampson County, Town of Wrightsville Beach, City of Lumberton, Village of Bald Head Island and the Lower Cape Fear Water and Sewer Authority (collectively, the “Local Entities,” and together with the State of North Carolina, the “Claimants”). The Settlement Agreement resolves all claims asserted by the Claimants relating to PFAS and other emissions from the Fayetteville Works facility, as well as claims asserted by the State of North Carolina relating to PFAS contamination unrelated to such facility, including contamination associated with the use of aqueous film-forming foam. In addition, the Settlement Agreement acknowledges that certain obligations under the 2019 Consent Order with the State of North Carolina have been completed and establishes procedures to resolve certain remaining obligations relating to off-site areas, including implementation of drinking water programs. The Settlement Agreement includes an aggregate payment to the Claimants in the amount of $455 million (the “Settlement Amount”), payable over a 15-year period beginning within 30 days of the execution date of the Settlement Agreement. Consistent with the January 2021 Memorandum of Understanding (“MOU”) between the Chemours, DuPont, and Corteva, Chemours will be responsible for 50% of settlement payments, and DuPont and Corteva will be responsible for the remaining 50%. In addition, Chemours, DuPont, and Corteva have mutually worked together to reach certain understandings concerning the MOU, including the valuation of the Settlement Amount and potential future multi-year settlements on a net present value basis for purposes of calculating qualified spend, as they continue to work together to address legacy PFAS-related litigation matters. Pursuant to these understandings, for purposes of calculating the amount of qualified spend applied against the MOU’s $4 billion aggregate qualified spend cap, the Settlement Amount will be applied against such cap in the amount of $210 million, reflecting the net present value spread equally over a twenty-five-year period from the date the Settlement becomes final (rather than the actual timing of the payments) and using an 8% discount rate. The companies have agreed to use this net present value methodology for potential future settlements with multi-year payments. In addition, since the aggregate payments to be made in connection with the Settlement Agreement and the companies’ 2025 settlement with the State of New Jersey will qualify for withdrawal from the companies’ MOU escrow account and exceed the companies’ future escrow contribution obligations, all future contributions to the MOU escrow account will be considered satisfied by the companies’ New Jersey and North Carolina settlement payments, including Chemours’ $50 million escrow contribution that would have been due in September 2026.

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