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 Plunge Over 6% as Middle East Ceasefire Hopes Ease Supply Fears
Berkshire Hathaway and Tokio Marine Form Major Strategic Insurance Partnership
Bank of Japan Officials Signal Continued Interest Rate Hikes Amid Inflation Concerns
UK Consumer Confidence Weakens Amid Middle East Conflict and Rising Living Costs
Japan's Private Sector Growth Slows in March Amid Rising Costs and Middle East Uncertainty
AWS Bahrain Region Disrupted by Drone Activity Amid Middle East Conflict
U.S. Oil Prices Slide as Middle East Ceasefire Talks Spark Market Optimism
Nanya Technology Shares Surge 10% After $2.5 Billion Private Placement from Sandisk and Cisco
Merck's $6 Billion Bid for Terns Pharma Signals Bold Oncology Push
Bank of Japan Unveils New Inflation Gauge to Support Case for Future Rate Hikes
Asian Currencies Weaken as Dollar Rebounds Amid Middle East Uncertainty and Japan Inflation Data
Oil Prices Climb as Iran Reviews U.S. Peace Proposal Amid Middle East Tensions
Gold Prices Climb as Middle East Ceasefire Talks Stir Market Optimism
U.S. Stock Futures Steady as Iran Reviews U.S. Ceasefire Proposal
SLMG Beverages Eyes Price Hikes Amid Rising Packaging Costs and India's Booming Soft Drink Market
SK Hynix Eyes Up to $14 Billion U.S. IPO to Fund AI Chip Expansion 



