The Chemours Co. has broken ground on a new state-of-the-art research and innovation facility on the University of Delaware's Science, Technology and Advanced Research (STAR) campus.
The new Chemours Discovery Hub at the university's Newark, Del., campus will carry out "cutting-edge research" in the fields of process, product and application development aimed at better meeting customer and market needs. Chemours, based in Wilmington, Del., was spun off from DuPont Co. Its holdings include the Teflon brand products and other materials.
Completion of the 312,000-square-foot, $150 million, facility is slated for early 2020.
"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.
"Today's groundbreaking goes far beyond a new building for Chemours," said 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."