Honeywell Partners with White House, Will Increase Production of Low-Global-Warming Materials
September 18, 2014
Yesterday, at an event sponsored by the White House, Honeywell announced it will increase production of its low-global-warming-potential (GWP) materials (i.e. refrigerants, insulation materials, aerosols and solvents) to support administration’s call for reductions in HFCs.
The company projects that use of its low-GWP Solstice® HFC replacements will eliminate more than 350 million metric tons in CO2 equivalents by 2025, equivalent to removing 70 million cars from the road for one year. Prior to 2020, Honeywell will drive a 50 percent reduction in annual production of high-GWP hydrofluorocarbons (HFCs) on a CO2 equivalent basis.
In addition, Honeywell anticipates spending nearly $900 million in research and development and new capacity, mainly in the U.S., in the coming years to produce next-generation refrigerants, insulation materials, aerosols and solvents, which have global warming potentials at least 99 percent lower than most technologies used today.
To learn more about Honeywell’s commitment, read Honeywell Makes Push for Environmentally Friendly Materials from the New York Times.