The CEO of DuPont said on Tuesday that the company may re-negotiate a separation agreement with Kemu.

DuPont split Kemu in 2015, and Kemu sued DuPont in Delaware in May 2019 for the then split. In the lawsuit, Kemu accused DuPont of using this split to evade any potential liability, especially against PFAS (perfluoro and polyfluoroalkyl substances), PFOS (perfluorooctane sulfonic acid) and GenX (C3 Polyacids) and other fluorochemicals.

A judge in the Delaware Chancery Court ruled that under the split agreement, the two companies need to resolve their differences through arbitration, not through the court system. Kemu is currently appealing this resolution.

DuPont CEO Ed Breen expects the company to win any appeal. “On this issue, the law is on our side.” Brin expects the two parties to reach a settlement. “We will renegotiate the agreement between the two companies,” he said. “In any agreement, we will propose some guidelines that are very important to us.”

Brin emphasized that DuPont will not conduct unlimited transactions, which means that the company’s exposure to any debt will be limited. He also said that the agreement will be completed within a few years.

Brin does not expect the two companies to face significant debt due to PFOA. However, they will face debts related to the renovation and clearance of the existing site.

In this regard, Kemu declined to comment because the company is in a quiet period and is about to release its first quarter results.