3M announced on Tuesday, Dec. 20, that it will end the manufacturing of Perfluoroalkyl and Polyfluoroalkyl Substances (PFAS) which are also called “forever chemicals.” These manufactured chemicals are often used as ingredients in almost everything - from mobile phones to semiconductors.
This is present in most everyday products, although PFAS has been linked to many illnesses, including heart problems, cancer, and even low birthweights. The company is aiming to make a full exit from producing this chemical by the end of 2025.
As explained by Reuters, PFAS are called forever chemicals since they are types of substances that do not break down easily. They are almost impossible to destroy due to their strong carbon-fluorine bonds.
In recent years, researchers found a dangerous level of this substance in drinking water, food, and soils across the country. Now, 3M made the decision to stop the production of PFAS amid the increasing legal pressures over damages resulting from the use of PFAS.
In fact, 3M was among the companies that were sued by the attorney general of California to recover clean-up costs. DuPont de Nemours Inc. is another major firm to be included in the legal suit.
As damages from PFAS continue to be more visible to everyone, the pressure on companies to give up the chemicals has grown in recent years. Many investors have already sent out letters to urge companies to discontinue the use of the forever chemicals.
"This is a moment that demands the kind of innovation 3M is known for and while PFAS can be safely made and used, we also see an opportunity to lead in a rapidly evolving external regulatory and business landscape to make the greatest impact for those we serve," Mike Roman, 3M’s chairman and chief chief executive officer, said in a press release.
The 3M chief added, “This action is another example of how we are positioning 3M for continued sustainable growth by optimizing our portfolio, innovating for our customers, and delivering long-term value for our shareholders."


Oil Prices Rebound as Iran Denies U.S. Talks Amid Gulf War Supply Fears
ECB Eyes Rate Hike Amid Iran Conflict-Driven Energy Price Surge
Middle East War Rattles Global Markets as Oil Tops $100 and Dollar Surges
9 Tips for Avoiding Tax Season Cyber Scams
Merck's $6 Billion Bid for Terns Pharma Signals Bold Oncology Push
Nanya Technology Shares Surge 10% After $2.5 Billion Private Placement from Sandisk and Cisco
Bank of Japan Officials Signal Continued Interest Rate Hikes Amid Inflation Concerns
Air Canada Express Crash at LaGuardia: Controller Distracted by Prior Emergency
Australia-EU Free Trade Deal Signed After Years of Negotiations
Lynas Rare Earths Signs Vietnam Deal with LS Eco Energy to Boost Magnet Metal Production
U.S. Stock Futures Steady as Iran Reviews U.S. Ceasefire Proposal
Australia's Inflation Eases in February but Core Pressures Persist
Goldman Sachs Raises ECB Rate Hike Forecast Amid Persistent Energy-Driven Inflation
Asian Stocks Gain Amid Iran Conflict Uncertainty
CK Hutchison's Panama Ports Dispute Escalates as Arbitration Claims Surpass $2 Billion
Trump Tariffs Show Minimal Economic Impact but Boost Federal Revenue, Study Finds
NAB Plans to Cut 170 Jobs While Expanding Offshore Operations 



