Manufacturers have agreed to phaseouts of only a handful. DuPont de Nemours Inc., fresh off a $26.2 billion deal to offload its nutrition business, is weighing a divestiture of its electronics unit, … Only five states have placed limits on a handful of PFAS, and the EPA has the ability to test for only 29 PFAS in drinking water. Similarly, within Shelter Solutions, growth in residential construction and retail channels for do-it-yourself applications was more than offset by weak commercial construction. Chemours claims it has “never made or used PFOA.” Yet data from the EPA’s Enforcement and Compliance History Online database shows ongoing discharges from both the Circleville and Parkersburg facilities. Article: EWG News Roundup (1/22): Toxic Pesticides That President Biden Should Target, EPA Takes Initial Steps To Regulate PFAS and More, News Release: DuPont, Chemours and Corteva Reach $4 Billion Settlement on ‘Forever Chemicals’ Lawsuits, News Release: EWG Applauds Biden’s Nomination of Richard Glick To Chair Federal Energy Regulatory Commission, Article: What the Biden Administration Should Do To Protect Children From Toxic Pesticides, Designating PFAS hazardous substances under our Superfund law, Setting health-protective limits on PFAS in drinking water, Limiting discharges of PFAS into the air and water, Placing a moratorium on the introduction of new PFAS chemicals, Funding cleanup and drinking water treatment. The Company will host a live webcast of its third quarter earnings conference call with investors to discuss its results and business outlook today at 8:00 a.m. Within Health & Biosciences, double-digit growth in both probiotics and home and personal care markets was more than offset by continued weakness in biorefinery and microbial control. Regulators are reviewing the proposed merger between DuPont and Dow Chemical, which would create the world's biggest chemical and materials company, valued at about $130 billion. The absence of a prior year gain on the sale of DuPont Sustainable Solutions, lower volumes and the impact of the trichlorosilane and Hemlock Semiconductor divestitures in September 2020 more than offset cost productivity. DuPont de Nemours, Inc. Consolidated Statement of Cash Flows. Operating EBITDA for the segment was $242 million, a decrease of 21 percent from operating EBITDA of $306 million in the year-ago period, as savings from productivity actions were more than offset by volume declines, lower price, and the impact of temporarily idled facilities. Currency was neutral. News provided by. Delaware’s Supreme Court has upheld a judge’s dismissal of a lawsuit alleging that the DuPont Co. massively downplayed the cost of environmental liabilities imposed on spinoff company Chemours. And unlike PCBs, which were banned and subject to cleanup regulations, PFAS remain largely unregulated. Price, currency and portfolio impacts were each neutral versus third quarter 2019. Without aggressive action, PFAS chemicals will continue polluting people and the planet for centuries to come. SINGAPORE, Dec. 16, 2020 – DuPont Nutrition & Biosciences (NYSE: DuPont) and IPSOS, a global market research firm published a new research study that shows a significant increase in demand for plant-based meat alternatives in key Asia Pacific (APAC) markets. For example, daily monitoring updates for the Parkersburg site reported 323.5 pounds of PFOA discharged in 2019. The final three recipients have been announced in MSA’s and DuPont’s 2020 Globe Gear Giveaway. Currency was neutral and portfolio was a 1 percent headwind. Legal Disclaimer updated April 2016 | Privacy Policy updated October 2019. DuPont (NYSE: DD) is a global innovation leader with technology-based materials, ingredients and solutions that help transform industries and everyday life. So why are DuPont and its spinoff company Chemours still discharging PFOA from their facilities? “With a continued focus on execution, we anticipate a fourth quarter underscored by additional cash generation and operating leverage across our core segments driven by additional cost savings,” said Lori Koch, Chief Financial Officer of DuPont. Get the latest DuPont de Nemours, Inc. (DD) stock news and headlines to help you in your trading and investing decisions. ... DuPont 3Q 2020 Earnings. Reconciliation to the most directly comparable GAAP measure, including details of significant items begins on page 13 of this communication. Although a significant improvement versus second quarter performance the global auto market continues its recovery from steep declines in the first half of the year. Very small doses of PFOA and some other PFAS have been linked to kidney and testicular cancer, thyroid issues, high cholesterol, reproductive and developmental harms and reduced effectiveness of vaccines. The ongoing cleanup of another group of forever chemicals, polychlorinated biphenyls, or PCBs, underscores the gravity and longevity of the PFAS problem. Chemours owns all sites that were part of the Performance Chemicals business, including Fayetteville, NC and Washington Works, WV.” Currency was neutral. Continued productivity actions as well as favorable product mix was more than offset by lower volumes and the impact of temporarily idled facilities. In millions (Unaudited) Nine Months Ended September 30, 2020. The impact of COVID-19 on other key industrial markets, in addition to automotive, contributed to volume declines across Mobility Solutions, Industrial & Consumer, and Healthcare & Specialty. Electronics & Imaging reported a record quarter with net sales of $1.0 billion, up 7 percent from the year-ago period. Continued broad-based demand across Water Solutions was more than offset by declines in both Safety Solutions and Shelter Solutions. Or “legacy” PFOA remaining in water used at the facilities could be showing up – an alarming reminder of the chemical’s persistence in the environment. DuPont de Nemours, Inc. Consolidated Statement of Cash Flows. “This commitment is evident in the results we announced today. For the full year, DuPont expects adjusted earnings between $3.70 and $3.90 per share on revenue between $21.5 billion and $22 billion. But there are other possible explanations for these discharges. Sales gains were led by Semiconductor Technologies as new technology ramps across logic and foundry delivered high-single digit organic growth versus the year-ago period. They were widely used for a myriad of industrial purposes, until they were banned as a class by Congress, in 1976. The impact of lower demand, cost associated with idled facilities, and portfolio changes more than offset manufacturing productivity gains, approximately $150 million of non-manufacturing cost savings and strong demand in semiconductors, smartphones, water, Tyvek® protective garments, and health & wellness. Paperwork from years of reports, letters from Chemours, and personal research in Robin Andrews' house in Pedricktown, N.J., on Feb. 22, 2020. The contamination in Parkersburg and subsequent lawsuit were the subject of an acclaimed feature film released last year. Conference Call . For example, regulators in New Jersey have found that the manufacturer Solvay has replaced PFNA, a PFAS chemical it phased out in 2010, with a new PFAS chemical that is toxic to the liver at potentially even lower doses than PFNA or PFOA. DuPont Nutrition & Biosciences Honors Dr. Sarkis Mazmanian for Human Microbiome Research October 13, 2020. The challenge of cleaning up PCBs pales in comparison to the coming PFAS crisis. All rights reserved. Share this article. Within Safety Solutions, demand for Tyvek® protective garments remained strong but was more than offset by soft demand for aramid fibers across aerospace, oil & gas and select industrial markets as a result of COVID-19. Safety & Construction reported net sales of $1.2 billion, down 6 percent from the year-ago period. PFOA is the most notorious of the thousands of fluorinated chemicals known as PFAS, which have contaminated drinking water for an estimated 200 million-plus Americans. The actions we have taken to right-size our cost structure and generate significant cash flow are delivering results today and we intend to maintain this momentum as we move forward.”, “In September, we completed the sale of our trichlorosilane business and our stake in the Hemlock Semiconductor joint venture and earlier this month we signed an agreement to sell the Biomaterials business,” Breen continued. Volume declined 9 percent due to lower auto builds. New research from DuPont reveals huge demand for meat alternatives from consumers in key Asia markets. 2019. Nutrition & Biosciences reported net sales of $1.5 billion, down 4 percent from the year-ago period on both an as reported and organic basis driven by lower volumes. • Executive committee named - Also in May, DuPont and IFF announced the executive committee of the future combined company, which will include key senior leaders from DuPont Nutrition & … Operating EBITDA(2) was $1.3 billion, down 7 percent versus operating EBITDA(2) in the prior year. We delivered strong performance demonstrating the value our market-leading innovation and technology provides in key end-markets such as semiconductors, smartphones, water filtration, probiotics, and personal protective equipment. Track elected officials, research health conditions, and find news … In response, Lowe’s and DuPont teamed up to support businesses that are transforming their operations to help supply … The Big Bang of the nationwide “forever chemicals” crisis was the revelation in 2001 that PFOA, a toxic compound used to make Teflon, had contaminated the drinking water for 70,000 people near a DuPont factory in West Virginia. On a regional basis, organic sales increased 3 percent in Asia Pacific versus the year-ago period while the U.S. and Canada declined 10 percent, EMEA declined 15 percent, and Latin America declined 3 percent. Adjusted EPS(2) decreased 8 percent to $0.88, compared with adjusted EPS(2) in the year-ago period of $0.96, primarily driven by lower segment results and a higher base tax rate partially offset by declines in interest expense, foreign exchange losses, and share count. Contact Information; Home > Investors > DuPont Investors - Starting June 1, 2019 > Events & Presentations > Event Details. Cancel Sign Out This decline is mostly attributable to non-cash impairment charges associated with Non-Core businesses, higher merger-related amortization expense and lower segment results, partially offset by gains associated with divestitures of Non-Core businesses. “Execution of these Non-Core divestitures and the continued progress towards the anticipated closing of the Nutrition & Biosciences transaction(1) in the first quarter 2021 exemplify our commitment to create both market-leading businesses and value for our shareholders.”. The EPA has identified just over 200 PCBs, and there are far more PFAS chemicals. Pricing gains in Food & Beverage were more than offset by weaker demand primarily in emulsifiers, sweeteners, and cellulosics driven by declines in food service and lower consumer demand for mints and chewing gums in travel and convenience stores. 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