The 212-year-old, multifaceted DuPont is trimming its business and focusing on three areas: agriculture and nutrition, advanced materials and bio-based industries. That means spinning off all of its multibillion dollar enterprises involving performance chemicals used in a range of industries. DuPont has given a name to the performance chemicals business it intends to spin off this year, the Chemours Co., and has filed a registration statement for securities in the new company with the Securities & Exchange Commission. The separation of Chemours from DuPont remains on track to be completed by mid-2015. Chemours will be a world class supplier of Fluoroproducts* and Industrial Chemicals, the seventh largest Chemical Company in the world. The DuPont Oakley site is a former chemical manufacturing facility known by the name of DuPont Antioch Work, from 1956 to 1997.
Effective February 1, 2015, DuPont’s performance chemical business will be renamed The Chemours Company FC. LLC (Chemours), and operate as a wholly-owned DuPont subsidiary. The California Department of Toxic Substances and Control (DTSC) has been notified of the intent to change the name. DTSC is currently working with DuPont to remediate soil and ground water contamination at certain parts of the site.
In recent discussions with representatives of DuPont the City of Oakley was also notified and assured that the change will not effect the ongoing remediation and redevelopment efforts.
* Fluoroproducts are clean-agent fire extinguishants designed to replace and eliminate the need for Halon as a fire suppressant