Check icon

Success

Your request has been successfully submitted.

HONEYWELL STARTS FULL-SCALE PRODUCTION OF LOW-GLOBAL-WARMING PROPELLANT, INSULATING AGENT, AND REFRIGERANT

MORRISTOWNSHIP, N.J., Jan. 6, 2015 Honeywell (NYSE:HON) announced today that it has started full-scale commercial production ofa low-global-warming-potential (GWP) material used as an aerosol propellant,insulating agent and refrigerant. Thematerial, known by the industry designation HFO-1234ze and marketed byHoneywell under its Solstice® line of low-global-warming materials,is being produced at the Honeywell Fluorine Products facility in Baton Rouge,La. "Honeywell'sBaton Rouge production facility is ready to serve customers around the worldwith this innovative material, which has an ultra-low GWP of less than 1," saidKen Gayer, vice president and general manager of Honeywell's Fluorine Productsbusiness. "We are seeing increasing demand for our entire Solstice line of low GWPmaterials, and this new product has already been adopted by a range ofcustomers globally." Honeywell's Baton Rouge facility was built in 1945 andcontinues to serve as one of Honeywell's main manufacturing sites for itsPerformance Materials and Technologies business. The site employs more than 200people. LouisianaGovernor Bobby Jindal said, "Honeywell helps support hundreds of jobs in ourstate, and we're proud the company is expanding in Baton Rouge with a brand newproduct line. This project is a good example of how Louisiana's outstandingbusiness climate is convincing companies like Honeywell to reinvest in ourstate, retain great existing jobs and create additional new careeropportunities for our people." InSeptember 2014, at an event sponsored by the White House, Honeywell announcedthat it will increase production of its low GWP refrigerants, insulationmaterials, aerosols and solvents, and, prior to 2020, will drive a 50 percentreduction in its annual production of high GWP hydrofluorocarbons (HFCs) on aCO2 equivalent basis. The company projects that use of its low GWPSolstice materials to replace HFCs will eliminate more than 350 million metrictons in CO2 equivalents by 2025, equivalent to removing 70 millioncars from the road for one year. HFO-1234ze is a next-generation material that isnon-ozone-depleting, non-flammable per ASTM E681 and ISO 10156:2010 testing, andhas a low-global-warming-potential of less than 1. It is also not a volatile organic compound(VOC), as determined by the U.S. Environmental Protection Agency (EPA) and theCalifornia Air Resource Board (CARB). HFO-1234ze isconsidered a preferred replacement for both HFC-134a (which has GWP of 1,300)and HFC-152a (which is flammable and has a GWP of 138) in aerosol applicationsand thermal insulating foams, including extruded polystyrene board andpolyurethane foams. It is also being considered to replace HFC-134a for largestationary and commercial refrigeration applications and, compared to other lowGWP refrigerant options, Honeywell's HFO-1234ze provides energy efficiencybenefits. HFO-1234ze is part of Honeywell's line of Solstice hydrofluoro-olefin(HFO) products that have extremely low global warming potentials either equalto or less than carbon dioxide and that are safe, available today and capableof making a significant positive environmental impact. Honeywell's SolsticeHFOs are alternatives to high GWP HFCs and are energy-efficient, safe to use,non-ozone-depleting and have a minimal global warming profile. Honeywell'sSolstice line of HFOs include Solstice yf for automobile air conditioning,Solstice Propellant for aerosol applications, Solstice Liquid Blowing Agent andGas Blowing Agent for foam applications, and Solstice Performance Fluid for useas an industrial solvent. Each of these products has been approved under theEPA's Significant New Alternatives Policy (SNAP) program. Inaddition to its industry-leading line of low-global-warming-potential HFOs,Honeywell's Fluorine Products business manufactures and suppliesnon-ozone-depleting refrigerants used by top air-conditioning and refrigerationmakers worldwide, blowing agents for energy-efficient foam insulation, hydrofluoricacid used in gasoline and steel manufacturing, and precursors for nuclear fuel. HoneywellPerformance Materials and Technologies (PMT) is a global leader in developingadvanced materials, process technologies and automation solutions. PMT'sAdvanced Materials businesses manufacture a wide variety of high-performanceproducts, including environmentally friendlier refrigerants and materials usedto manufacture end products such as bullet-resistant armor, nylon, computerchips and pharmaceutical packaging. Process technologies developed byPMT's UOP business ( www.uop.com ) form thefoundation for most of the world's refiners, efficiently producing gasoline,diesel, jet fuel, petrochemicals and renewable fuels. PMT's Process Solutionsbusiness ( www.honeywellprocess.com ) is a pioneerin automation control, instrumentation and services for the oil and gas,refining, pulp and paper, industrial power generation, chemicals andpetrochemicals, biofuels, life sciences, and metals, minerals and miningindustries. Honeywell ( www.honeywell.com ) is a Fortune100 diversified technology and manufacturing leader, serving customersworldwide with aerospace products and services; control technologies forbuildings, homes, and industry; turbochargers; and performancematerials. For more news and information on Honeywell, please visit www.honeywellnow.com . Thisrelease contains certain statements that may be deemed "forward-lookingstatements" within the meaning of Section 21E of the Securities Exchange Act of1934. All statements, other than statements of historical fact, that addressactivities, events or developments that we or our management intends, expects,projects, believes or anticipates will or may occur in the future areforward-looking statements. Such statements are based upon certain assumptionsand assessments made by our management in light of their experience and theirperception of historical trends, current economic and industry conditions,expected future developments and other factors they believe to be appropriate.The forward-looking statements included in this release are also subject to anumber of material risks and uncertainties, including but not limited toeconomic, competitive, governmental, and technological factors affecting our operations,markets, products, services and prices. Such forward-looking statements are notguarantees of future performance, and actual results, developments and businessdecisions may differ from those envisaged by such forward-looking statements.We identify the principal risks and uncertainties that affect our performancein our Form 10-K and other filings with the Securities and Exchange Commission.
# # #

?