Chemours said it has reached a settlement with the U.S. Environmental Protection Agency and West Virginia regulators to resolve PFAS-related claims tied mainly to its Washington Works, Fayetteville Works and Chambers Works sites.
Under the agreement, Chemours will pay a $22.5 million civil penalty over three years, with $15 million of that already accrued. The company said the penalty will be paid in annual installments in 2026, 2027 and 2028, starting within 30 days of court approval of the consent decree.
Chemours also committed to fund $90 million in additional mitigation projects over the next 15 years. Those projects are intended to reduce PFAS emissions further and support drinking water programs. The company said the settlement will expand its existing off-site drinking water programs in West Virginia, Ohio and New Jersey.
The company said the expanded drinking water programs are expected to increase its environmental reserves, though it did not give a dollar figure.
In a separate resolution, Chemours said it settled litigation with the West Virginia Rivers Coalition for less than $1 million over alleged Clean Water Act exceedances at Washington Works.
Chemours said the agreement adds clarity around future compliance obligations while it continues to implement operational improvements at its facilities. The market has reacted to these announcements by moving the company's shares 4.71% to a price of $20.90. Check out the company's full 8-K submission here.
