07:45 AM EDT, 08/04/2025 (MT Newswires) -- Chemours ( CC ) , DuPont ( DD ) and Corteva ( CTVA ) said Monday they have agreed to pay $875 million to the state of New Jersey to resolve pending environmental contamination claims.

The settlement payments will be made over a 25-year period starting within 30 days after the entry of the Judicial Consent Order, which will occur no earlier than Jan. 1, 2026, the companies said.

The settlement addresses all legacy contamination claims linked to the companies' current and former operating sites at Chambers Works, Parlin, Pompton Lakes, and Repauno, as well as statewide PFAS contamination claims unrelated to these locations.

PFAS refers to the presence of per- and polyfluoroalkyl substances in the environment, including soil, water, and air.

In line with a January, 2021 memorandum of understanding, Chemours ( CC ) will cover 50% of the settlement payments, or roughly $250 million in present value terms; DuPont ( DD ) will be responsible for 35.5%, or about $177 million; and Corteva ( CTVA ) will pay the remaining 14.5%, or about $72 million, the companies said.

Additionally, DuPont ( DD ) and Corteva ( CTVA ) will create a reserve fund, capped at $475 million and aligned with their respective cost-sharing percentages to provide additional financial security, the companies said.

Chemours ( CC ) shares were up 1.9% in premarket trade, while Dupont ( DD ) was up 0.4% and Corteva ( CTVA ) was 0.2% higher.