MOSCOW (MRC) -- The Chemours Company, a global chemistry company with leading market positions in titanium technologies, has recently broken ground on a new research and innovation facility on the University of Delaware's Science, Technology and Advanced Research (STAR) Campus, according to GV.
The facility will be called The Chemours Discovery Hub.
In partnership with the University of Delaware, the facility will conduct research focused on new process, product, and application development to better meet customer and market needs. Construction on the 312,000 square foot facility, representing an investment of approximately USD 150 million, is expected to be completed by early 2020.
To celebrate this partnership, University of Delaware leadership, the Governor, federal elected officials, and other local and state officials joined Chemours for the groundbreaking event at the STAR Campus.
"This is much more than a brick-and-mortar story - it's about the discoveries to come that just might change or at least shape the future," said Chemours President and CEO Mark Vergnano. "The Chemours Discovery Hub will serve as a gathering place - a centre for activity where vision, ambition, intelligence, and creative energy will flourish - not just for years, but for decades to come."
"Today's groundbreaking goes far beyond a new building for Chemours," said University of Delaware (UD) President Dennis Assanis. "As partners in innovation and economic development, Chemours and UD will build dynamic connections across business, education, research, learning and discovery. We are breaking ground on a new era of opportunity at the STAR Campus for the University of Delaware, our state and our shared future."
"Collaboration between businesses and educational institutions has never been more important to the future of our economy," added Delaware Governor John Carney. "This partnership between Chemours and the University of Delaware will drive innovation on the STAR campus, and connect Delaware students with leaders in their fields. Chemours' investment in this state-of-the-art facility also will continue a long tradition of important scientific discovery in Delaware, and keep good, high-paying jobs right here in our state."
As MRC wrote before, in 2015, The Chemours Co. was created by the spinoff of Dupont's Performance Chemicals unit.
DuPont is an American chemical company that was founded in July, 1802. The company manufactures a wide range of chemical products, leading extensive innovative research in this field. The company is the inventor of many unique plastics and other materials, including neoprene, nylon, Teflon, Kevlar, Mylar, Tyvek, etc. DuPont was the developer and main producer of Freon used in the production of refrigeration equipment.
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