It is alleged that their manufacturing processes involving these toxic chemicals led to widespread environmental pollution.
The companies have agreed to contribute a total of $1.185 billion to establish a settlement fund.
Chemours will provide 50% of the amount, approximately $592 million, while DuPont and Corteva will contribute the remaining 50%, around $400 million and $193 million, respectively.
The settlement fund will be earmarked to address the affected water systems that serve the majority of the U.S. population.
An agreement-in-principle has been arbitrated, with a more definitive agreement expected to be finalized later this year.
About the Companies
The Chemours Company is a global leader in Titanium Technologies, Thermal & Specialized Solutions, and Advanced Performance Materials. It has approximately 6,600 employees and serves customers in about 120 countries.
DuPont de Nemours, Inc., is a global provider of technology-based materials and solutions to various industries, including electronics, transportation, and healthcare.
