The Chemours Company has entered into a settlement agreement with the State of North Carolina and 11 local municipalities to resolve litigation regarding PFAS contamination. The agreement, signed on September 9, 2026, covers claims related to emissions from the Fayetteville Works facility, as well as state claims regarding contamination from aqueous film-forming foam (AFFF) unrelated to the facility.
The settlement resolves all claims asserted by the Claimants and acknowledges that certain obligations under the 2019 Consent Order with the State of North Carolina have been completed. It also establishes procedures to address remaining obligations regarding off-site areas, including the implementation of drinking water programs.
The total settlement amount is $455 million, to be paid over a 15-year period beginning within 30 days of the execution date. The payment schedule includes an initial payment within 30 days, with Chemours’ share of expected payments over the next twelve months totaling approximately $50 million.
Under the terms of the January 2021 Memorandum of Understanding (MOU) between Chemours, DuPont de Nemours, and Corteva, Chemours is responsible for 50% of the settlement payments. The remaining 50% is shared by DuPont and Corteva. Chemours’ 50% share of the settlement is covered by existing accruals.
For purposes of calculating the amount of qualified spend applied against the MOU’s $4 billion aggregate qualified spend cap, the Settlement Amount is applied in the amount of $210 million. This figure reflects a net present value spread equally over a 25-year period from the date the settlement becomes final, using an 8% discount rate. Additionally, the settlement payments will satisfy all future contributions to the MOU escrow account, including Chemours’ $50 million escrow contribution that would have been due in September 2026.
