Corteva settles North Carolina PFAS claims for about $66 million share of $455 million deal
CTVA•CTVA•CTVA•CTVA•Corteva and DuPont will guarantee Chemours’ payments 29% and 71%, respectively; backstop includes a reserve facility capped at $135 million.
Corteva reached a PFAS-related settlement with North Carolina and local governments tied to the Fayetteville Works site.
Companies will pay $455 million over 15 years; Corteva’s share is about $66 million.
The deal also resolves Corteva and DuPont obligations tied to historical discharges and the Chemours 2019 North Carolina consent order.
