Aug 4 (Reuters) - Chemours ( CC ), DuPont ( DD ) and

Corteva ( CTVA ) said on Monday they have reached an agreement

with the state of New Jersey in various litigation matters

including PFAS chemicals and other state directives.

Under the settlement, the companies will pay a total of

$875 million over a 25-year period.

Lawsuits accusing major chemical companies of polluting U.S.

drinking water with toxic PFAS chemicals led to over $11 billion

in settlements in 2023, with experts predicting that new federal

regulations and a growing awareness of the breadth of PFAS

contamination in the U.S. will spur more litigation and

settlements.

Of the total settlement amount for Chemours ( CC ), DuPont ( DD ) and

Corteva ( CTVA ), $16.5 million is attributed to alleged PFAS

contamination unrelated to the companies' operating sites.

The pre-tax total present value of the settlement

payments is about $500 million, of which 50% will be paid by

Chemours ( CC ), 35.5% by DuPont ( DD ) and the rest by Corteva ( CTVA ), the companies

said.

(Reporting by Sumit Saha and Tanay Dhumal in Bengaluru; Editing

by Devika Syamnath)