Honeywell Boosts Projections for Reductions In Global Greenhouse Gas Emissions by an Additional 36 Percent, Driven by Its New Low-Global-Warming Products
October 15, 2015
Honeywell announced today at a White House event that increasing global adoption of its range of low-global-warming-potential (GWP) products will reduce global greenhouse gas emissions by an equivalent of 475 million metric tons of carbon dioxide by 2025, the equivalent to removing 100 million cars from the road for one year.
The projections represent an increase of 36 percent over projections the company made a year ago when it committed to reducing the production of high-GWP hydrofluorocarbons (HFCs) used in applications ranging from refrigeration to air conditioning to aerosols.
During today’s event, top administration officials and a range of companies reported progress against global warming reduction targets.
“In just the last year, Honeywell has started two production facilities in the U.S. to manufacture two of its new low-GWP Solstice® HFC replacements and completed 17 long-term supply agreements with a range of customers,” said Ken Gayer, vice president and general manager of Honeywell Fluorine Products. “We continue to see strong demand for these environmentally preferable technologies as we continue to invest in new production here in the U.S.”
In September 2014, Honeywell said it would increase production of its low-GWP refrigerants, insulation materials, aerosols and solvents, and, prior to 2020, would drive a 50 percent reduction in its annual production of high-GWP hydrofluorocarbons (HFCs) on a CO2 equivalent basis. In the past year, Honeywell shipped enough low-GWP Solstice products to replace HFCs with 10 million metric tons of CO2 equivalent. Honeywell this week launched a new climate ticker (www.Honeywell-climate-ticker.com) tracking how many million tons of CO2 equivalent emission are saved through the adoption of Solstice products.