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| + Chemours' F-Gases and the proposed PFAS Restriction under REACH WETdlSTe Rhd a WN [olWE\YA =o Mi oTa a Ta) aX [To e TalVAN 23VANEo @e] gqYol=i d=10) JU} dale] idl June 24, 2021 2965141 Meeting Agenda Subject/ Presenter Introduction Chemours overview Alternative Regulatory Management Options for FGASs Criticality of FGASs in a broad range of applications Illustration on key applications Wrap-up Q&A Content * Background, objectives, participants * Who we are and what we make * Discussion on RMOAs, addressing potential gaps and managing circularity * Overview applications * Overview key properties of FGAS (vs. alternatives) |llustrate application requirements and available technology trade-offs * Key messages | +4 Chemours } 2965141 (03 U1[1 IVICR o ET gd [of] s E1165 Name 2965141 Alber & Geiger w or-Chemours. ChemoursTM overview 5.1.2e 29651411 Who we are in Europe Who is Che mou rs? ~y ) 00 served Customers across Europe's industrial value chain. in ll HR 0 ti 6 +900 employees in Europe across all business units. Driving to achieve a 60% reduction of operations-related GHG emissions by 2030, putting the company on the path to net zero by 2050. Why are we talking to EU regulato rs? {3 {o} We are a frontrunner, committed to finding solutions that enable our customers to become more sustainable. We support regulation that promotes safer and more sustainable chemicals. We believe key concerns around FGASs can be better addressed through existing frameworks, rather than through the PFAS REACH Restriction. | +4 Chemours' 2965141 Ol VN EIEN RLU EIRYEA ELC Our buussiiness . un Its Titanium Technologies > Advanced Performance Solutions [T=] od Thermal & Specialized Solutions NY A 7A "ry Onan Chemical Solutions What we make Our main products in Europe Fluoropolymers: Specialty plastics with a unique combination of properties that resist fire, extreme temperatures and other high- performance conditions. FGASs: low GWP refrigerants foam blowing agents and more, which my colleagues will cover in more detail. > 1bn In R&D investments to develop more sustainable refrigerant solutions alongside our value chain peers. | +4 Chemours' 2965141 Chemours. Alternative Regulatory Management Options for FGASs 5 1 2e 29651411 iN o To] [[aA oT=I do T=Tol {\V/- Wolo WHCARTS FGASs are listed under the Montreal Protocol and already regulated in Europe by the FGAS Regulation EU 517/2014, MAC Directive EC 2006/40 and REACH Regulation EC 1907/2006. FGASs have been through rigorous regulatory approval processes in the EU and have been deemed safe for their intended use throughout their entire lifecycles. The safety profile of certain alternatives, such as propane, make them unavailable for widespread use. FGASs do not fulfill the persistence criteria as defined in the REACH Regulation. FGASs play a critical role in delivering innovative and reduced carbon footprint technologies that enable the European Green Deal. Limiting Europe's choice of refrigerants may have unintended consequences to the implementation of societal objectives. Low GWP HFO:s facilitate decarbonization by enabling improvements in energy efficiency that meet the long-term needs of all relevant applications. 2965141 Sn ulatory Taking it case-by- case &= alu enfiorice i tory Wearecommitted to working with reggulators aa ndotherstakeholders acrossthe chain ito regulato framework.Multiple " Chemours: Nh ; 2965141 The revision of the FGASs Regulation is the solution to close the [oTe]"] Improvements to the existing regulatory framework are underway. Extending the requirements of the FGAS Regulation to HFOs and other refrigerants will strengthen circularity, while avoiding overlap. (P _-- (0) Stronger leakage management requirements (3 & 4): prevention of unintended releases and periodic leak checks mandatory use of leak detection should be enhanced. * End of life management (8): more effective verification and reporting tools are needed to ensure recovery of FGASs and promote circularity. FGASs are recycled, reclaimed or destroyed. Article is linked to 2006/40/EC (MAC Directive). * Harmonized training & certification across the value chain (10): extend requirement to all refrigerants. * Stronger enforcement: enhanced coordination across EU Member States, = including penalties for infractions. While FGASs are not intended for release into the environment, there are regulatory options outside the PFAS REACH Restriction. < Chemours' . 2965141 Chemours. Criticality of FGASs in a broad range of 11 applications 5.1.2e 22996655114411 FGASs enable the EU green and digital transition gree = Commercial * Industrial * Transportation = DX = Chillers = Heat Pumps = Mobile = Close cell spray = Pour in place = HP Panels = Molded-IS SUB-APPLICATIONS ma-- EL i } APPLICATIONS : YA fee Refrigeration | ---}- A/C APPLICATIONS Solvents Propellants + = i= ge * Critical cleaning Carrier fluid Aerosols, MDI Flooding Carbon neutrality : ~f-# = Switchgear -: " HTHP : } NY 4 2 paa0t Eas : Renovation Wave i Mobility Smart and Sustainable Digital Transformation --eeeeeeeeeemmeenennsd FGASs provide functionality to a wide range of applications, equipment types and variation of heating and cooling capacity. Their unique properties enable widespread use despite geographic and ambient temperature differences in Europe. 2965141 FGASs outperform alternative technologies Safety and environmental criteria * Non or low flammability * Low toxicity * Ultra-low GWP * Mechanical& chemical safety HFOs HFCs co, Benefits of FGASs Optimized Total Cost of Ownership (TCO) * Investment, maintenance and operational costs = Energy efficiency (TEWI) = Resource efficiency = 15-20 year equipment lifetime Non or low flammability Low touicity x x x x 2 x Xa) 2 Ultra-low GWP x x X X Medhanical & ; ; ; chemical safety (1) CO2 (R-744) Acute Toxicity ATEL (Acute Tox exposure limit) is 30,000ppm (3%), 3x vs lower ATEL of HFO-(1 Ref.2 : A3 SHR4 AEy SP3f4) i . Dedicated value chain * Specialized & extended value chain has been established for several industries, including FGAS recovery measures. oo + After market: producer-distributorwholesaler-service/installer-end user. * Thousands of SME wholesalers & . installers rely on FGASs. & FGASs are required for a full toolbox across many applications -- they provide the best combination of environmental, safety and economic benefits . < Chemours- 13 2965141 | + CChheemmoourusrs'. IH lluI st{rV =atdilE oe]ng oRelf a=ep]po]li[c[ea= 1tdiooJns1 29651411 Commercial HE Ee] 5.1.2 2965141 Market Dynamics Overview Retail Stores Transport ~ Commercial Refrigeration Refrigeration Industrial Food Processing Cold Storage Key Market Drivers * Ensure Global Food cold-chain. * Achieve lowest Total cost of ownership. + Adapt to changing consumer behavior. Evolution of Retail Stores Number per Area m? 2 140 2a ss = BE a 55 3 s 20 E 0 > & +1.8% pr 9.5% 5.6% 2018 2023 more than S000 Rbetweemasysng Saale H less than 250m? " Retail " Analysis Considerations for adaptation to consumer behavior: * Noise = Available space (given urban distribution) + Safety (residential areas) The strongest market growth is in the sector of medium & small sized retail stores, where FGASs have been shown to provide lowest total emissions and lowest total cost of ownership. 2965141 Different refrigerants to address different needs Q Low GWP Alternatives Where we | are now | High ODP $3 | >2000 <1500 o lg Low cost of ownership ceeeeeeenen Very low GWP<150 Pros and Cons * Good efficiency but high flammability and very low charge sizes. Market favors use in refrigerated cabinets (or integrals). High efficiency and low flammability but limited charge size. Cost effective solution for small & medium sized retail stores. Efficient in large systems but complex, expensive and sensitive to higher ambient temperatures. Viable solution for large retail stores. Requirements of the Retailers Higo h El fficiency - M Safe Reliable with minimum risk to trade Easy to install and maintain w Sustainable & Several solutions, including F-Gases, are needed to effectively meet the market requirements, while also minimizing carbon footprint and total cost of ownership. < Chemours' . 2965141 29651411 Heat Pump segment relevance residential New Build and Renovation Key Applications (gas boiler replacement and HEAT PUMPS are a critical enabler for: increased energy efficiency) District heating fm, lik Decarbonization to achieve EU Green Deal Inherent high efficiency. Can enable up to 50% reduction of the Fossil fuel replacement in ] Centralized Heating l objectives. Energy Efficiency to reduce heating/cooling related emissions. building sector's CO2 emissionsTM. Cleaner source of electric heat replacing fossil fuel technology in house renovation and new builds. Broadly known technology (16M Fluorinated Commercial / Industrial Increased energy Efficiency with Heat Recovery and ORC systems Refrigerant Heat Pumps already installed in EU). The role of Heat Pumps in the EU economy: Milons now | Air to Water | Air to Air Vio Ground Source Units ~now HP 0.5 0 2018 2019 2020 2023 pil 2025 2030 Source EHPA - SME Chemours * International Energy Agency data Market expected to grow x3 by 2030. Strong growth in air source HP and Indoor applications. Over 1 Million Air-Water units expected by 2025 in EU. Air-to-Air technology adoption keeping growing in southern EU. * Ground source HPs increasingly adopted in colder climates because of higher efficiency (0.10M B/W expected in EU by 2025). 19 2965141 Technology Options wl [J; LJ 0 -- 210A oO = AO2TC Raz nam Air-to-Air AirtoAWater Ground source Qualifying Factors * System Energy Performance * Application Safety Sustaiinnaalbyili hy * Cost effectiveness Water Ammonia CO2 R1234yf R452B/R454B R32 R134a R407C R410A R404A GWP - Ea Ss &= |I 1000 2000 3000 > > > > Performance Strengths/ Challenges = Incompatible with evaporation temperatures below 0C; Limited range of applications = Good thermal capacity, major issues of toxicity, flammability material compatibility = poor energy efficiency, particularly in combination with under-floor-heating = High energy efficiency, highly flammable and explosive (A3) = ow volumetric cooling capacity for specific applications High energy efficiency, high flow temperature, mildly flammable (A2L] = High efficiency at low flow temperatures (under-floor-heating) = High pressure, high efficiency at low flow temperatures (under-floor-heating) Safety and energy performance are the key factors Industry convergence on 2 solutions Le (ONTIV iT I =] 1 (oJ: To Lo](=X { [X=T oo] [[o: Te] Wg L=T Te Chemours' 20 2965141 Role of HFO refrigerants and proposed Path forward PERFORMANCE Efficiency fs COMMERCIAL A YGlAobalABsIuLppIlTyY : Industry Requirements A: f :y TOTAL COST OF O= WCNapEitRaSl IcoIstPs = Operation costs * Heat Pumps equipment and technologies provide unique advantages to enable decarbonization and energy economies. * Regulatory uncertainty risk delaying the deployment in the region. * Two technologies have emerged from several decades of development, each covering specific segments. Different solutions need to coexist: HFOs bi est address energygy ef!ficiently y and safel y in several key applications. * A3 classified Hydrocarbon alternatives do not offer inherent safety for indoor use. & * Heat Pumps are enablers of the Green Deal Objectives * System efficiency and safety are key requirements for this technology to deploy * Circular economy: end-of life management, safety and installation training will be key Chemours' 21 2965141 \Vi[oJo| ] (MAC) WAN gonditioning Privileged & Confidential. Prepared for legal counsel revie 2965141 \V NOR Tag Clap FINep[g VE] ] ie] gM = gle [Ia [CEN [01 =D) The evolution of the automotive fluids 1992 Fim, R-134a GWP=1430 | ODP=0 2013 elays. ; R-1234yf GWP=<1 | ODP=0 * HFO-1234yf: the replacement for HFC-134a in Europe following the EU MAC Directive (2006/40/EC) HFO-1234yf : * Enables the lowest carbon footprint (High Efficiency) * Low system Cost: near drop-in solution * Good proven safety By 2025, the global use of OpteonTM refrigerants is expected to have eliminated an estimated 325 MILLION TONS OF CO2 EQUIVALENT < Chemours- 23 2965141 Car Electrification future impacting the comfort solution MAC have a significant impact on the energy consumption of electric vehicles (EVs). Nd MAC can reduce EV range overall to 50% because of supplementary heating. MAC system linked to the battery cooling Bansly: =z <> ay Heat pump (4) supplementary heating cooing 2 Cooling/Heating = Heat recovery HVAC: EA =)\FN & hd MAC shifting to Heat Pump enables higher efficiency and longer driving distance < Chemours 24 2965141 Holl AVR V1 dr: R He TACKLE {[0116 [MTs Mele 1a io [=] r= 1dle]2! oO Good Cooling performance Easy commercialization from current technology Lower cost with components cariy-ouer wer weight Low Heating efficiency at low temperature Additional heater for low T Good heating efficiency at low T temperature range Lower cooling g efficiencyy at hi8gher T High pressure & leakage sensitive Higher costs from higher specs systems Reliability & Maintainability All low GWP fluids alternatives are under evaluation within the industry to develop a better solution in all conditions (on going SAE work) Key Criteria 5s EV Driving Range & Coat Competiivenasa G= Eco-nendly Alternative Refrigerant Source: https://www.sia.fr/publications/489-challenges-confort-thermigue-automobile < Chemours' Cats Aur Quality . 2965141 The Role of HFO in the Path Forward =o For original equipment manufacturers (OEMs) * Cost effective solution managing both cooling and heating without high complexity * No legal or regulatory hurdles; no additional risk assessments; and have no effect on established service procedures or equipment. 2=UJ For owners % " _-- " * Higher reliability, lower service costs * Proven Safety Tan For communities * Excellent life cycle climate performance considering both heating and cooling 2965141 Chemours. Foam Blowing JAY0]]8 29651411 Low GWP Blowing Agents and Insulation Polyurethane and Extruded Polystyrene enable energy efficiency for appliances, building insulation, pipe insulation, flooring, and automotive. Blowing agents are trapped during foam production imparting the insulating ability. HFOs unique physical properties enable innovation for a range of applications that cannot be achieved with CO, or HCs alone. HCs are low cost; however, they cannot meet current or future energy regulation without HFOs. FLUID FAMILY CHEMICAL GWp* FLAMMABILITY! HFOs HFO-1336mzz 2 Non-flammable HFO-1234ze <1 Non-flammable HFO-1233zd uy 1 HCs c-pentane 5 Flammable Iso-pentane 5 n-pentane 5 PERFOMANC OxygenatedHCs Blend of pentanes | 5 Propane/butane | 3 | Methyl formate <25 Flammable Methylal <25 Flammable INSULATON Carbon Dioxide CO, 1 CO, with co- 1 blowing agent Supercritical CO, -_ Non-flammable Flammable Non-flammable T Flammability as classified by UNEP. #150 817 HFOs improve resource efficiency 2965141 Select Applications: Construction * HFOs are providing resource efficiency in construction applications. 5 : Renovation Wave . EU will spur demand for FGAS in construction to meet energy ratings. * Hydrocarbons are Flammable and cannot be used in this application. * Emissions related to home heating and cooling reduced by 1,000 to 1,500 kg CO2/yr per home vs. fiberglass HIH translates to 178.94 billion kg of CO,/yr for 115 million homes.! Life cycle analysis A = = Q L om T L 2 > c ES | Manion Net environmental over 75 year servicliefe Time > ea impact PR vg ae seoveey SPF vs 1: FG [pfs mwiinnsuulaitzi in 1: FG lie Environmental Impact of Insulation Choice HFOs deliver a lower net carbon footprint. 1. SPF-Contributing-to-Sustainability-Reducing-GHG(-wEhmysipsrsaiyfoonasm..oprdgf) < Ch 2. https://www.sprayfoam.org/files/Demand%20a%20Better%20Insulation.pdf 29 2965141 Y=] [Tot Yo] o 1 Tor 1 A (o] s FN@o][ Ns F111 * HFO/HC blends enable energy ratings of A and B in appliances -- where alternatives cannot. * HFO/HC foams provide 9-15% better thermal resistance vs HC foam.? * Similar savings through thermal efficiency in refrigerated transport trailers and cold storage can be realized. * HFO/HC blends are cost effective. EU energy label for household refrigerators and freezers MODEL IDENTIFIER a XYZ wwh/annum Energy savings! * 200 savings over the lifetime of an appliance. * Europe will save up to 9.6 TWh of electricity per year by 2030. * Prevents 3.1 million tonnes of CO, emissions every year. < Ch Renovation Wave cannot achieve the same decarbonization levels without the use of FGASs. 1. Fridges and freezers | European Commission (europa.eu 2. Whirlpool refrigerators become first commercial application for a poly (plasticstoday.com) 30 2965141 Chemours. 29651411 TFA considerations * Trifluoroacetic acid is a naturally occurring organic acid. More than 200 million tons of TFA are found in the world's oceans. 11 P! * Multiple sources for TFA: 95% of the TFA on Earth is believed to be a natural. However, 5% comes from anthropogenic sources (i.e. agriculture, pharma, some FGASs). HIP! * The human and environmental health effects of TFA have been thoroughly evaluated in various toxicology studies that have also been used to meet the requirements of REACH. * UNEP Environmental Effects Assessment Panel (EEAP) scientific conclusions for TFA : "There is still NO indication that exposure to current and projected concentrations of salts of TFA in surface waters present a risk to the health of humans and the environment." The EU FGAS Regulation revision process is critical to ensure proper handling of refrigerants. Our proposed risk management options also help address unwanted releases of FGASs, minimizing manmade TFA in the environment. < Chemours Privileged & Confidential. Prepared for legal counsel review 2965141 FGASs are key to achieving the European Green Deal's objectives. Restricting FGASs in a way that generates regulatory overlap and uncertainty could slow down decarbonization of key sectors and hinder innovation. Safety and Total Cost of Ownership (TCO) are critical considerations associated to flexibility in the choice of the refrigerant. FGAS revision & MAC Directive are key tools to manage circular economy challenges on FGASs. We look forward to cooperate with you and other authorities along the various steps of this regulatory process. We believe that a consistent regulatory approach in line with the FGASs Regulation presents the best opportunity to address your concerns and ensure that all critical application of FGASs remain available. 2965141 Chemours- QQuueessttiioonnss?? 229965141 References 1. Scott B.F,, et al., "Haloacetic Acids in the Freshwater and Marine Environment," First International Symposium on Atmospheric Reactive Substances, 14-16 April 1999, Bayreuth, Germany. 2. Von Sydow L., et al., "Natural background levels of trifluoroacetate in rain and snow," Environmental Science & Technology, 34, 3115-3118, 2000. 3. Frank H., et al., "Trifluoroacetate in Ocean Waters," Environmental Science & Technology, 36, 1215, 2002. 4. Bavarian State Office for the Environment, "F-Gases and Water Protection: Trifluoroacetic Acid (TFA)," presentation from conference, "The Way to Natural Refrigerant Technologies," WWA Nuremberg, 2019. 5. "EFCTC Special Review: Understanding TFA," European Fluorocarbons Technical Committee, 2016. 6. Neale, R. E., Barnes, P. W., Robson, T. M., Neale, P. J., Williamson, C. E., Zepp, R. G., et al. (2021). Environmental effects of stratospheric ozone depletion, UV radiation, and interactions with climate change: UNEP Environmental Effects Assessment Panel, Update 2020. Photochemical & Photobiological Sciences. https://doi.org/10.1007/s43630-020-00001-x. See sections 7.8 to 7.11 for Trifluoroacetic acid (TFA). 7. https://ozone.unep.org/sites/default/files/2019-04/EEAP_assessment-report-2018 %282%29.pdf < Chemours- 35 2965141