MORRIS PLAINS, N.J.,
Oct. 28, 2021 /PRNewswire/ --
Honeywell (Nasdaq: HON) announced today that global adoption of its
Solstice® low-global-warming-potential (GWP)
refrigerants, blowing agents and aerosols has avoided potential
release of the equivalent of more than 250 million metric tons of
carbon dioxide into the atmosphere, equal to eliminating the
potential emissions from more than 52 million cars per year.
Honeywell's breakthrough Solstice® hydrofluoroolefin
(HFO) technology, which helps customers lower their carbon
footprint and improve energy efficiency without sacrificing
end-product performance, is used in various applications, including
refrigerants for supermarkets, air conditioning for cars and
trucks, blowing agents for insulation, propellants for personal and
household care and solvents for cleaning solutions. Honeywell has
already invested a billion dollars in research, development,
and new capacity for the technology, having anticipated the need
for lower-GWP solutions to combat climate change more than a decade
ago.
"The successful deployment of safe, lower GWP alternatives such
as Solstice is critical to meet phasedown targets for higher-GWP
materials that were agreed to in the Kigali Amendment to the
Montreal Protocol," said George
Koutsaftes, president, Honeywell Advanced Materials.
"Honeywell will continue to support the global effort to reduce
greenhouse gas emissions."
The Solstice line includes:
- Solstice yf, an ultra-low GWP refrigerant for automobile
air conditioning systems that is currently used in more than
100 million vehicles globally and is expected to grow
to 125 million vehicles over the next few years.
- Solstice N40, with a GWP approximately 60% lower than
legacy hydrofluorocarbon (HFC) refrigerants, is the world's most
adopted, lowest-GWP replacement refrigerant for 404A in the
supermarket industry, with more than 60,000 installations in
supermarkets across North
America, Europe and
Asia Pacific.
- Solstice Liquid Blowing Agent (LBA), an ultra-low GWP solution
used in a variety of rigid foam insulation applications, including
residential and commercial refrigeration equipment, spray foam,
pour-in-place insulation, and insulated metal panels.
- Solstice Propellant, a non-flammable, low GWP solution for
aerosol applications, including personal care products, pressure
dusters, lubricants and cleaners, and disinfectants.
- Solstice ze, an energy efficient, ultra-low GWP refrigerant,
has been adopted by heat pump manufacturers to deliver low-carbon
and energy cost savings in groundbreaking projects throughout
Europe. And Solstice zd, an
ultra-low GWP solution is currently used to cool the Channel
Tunnel, reducing the energy consumption and carbon footprint of the
landmark railway tunnel.
"In Europe, buildings are responsible for 40 percent of energy
consumption and 36 percent of greenhouse gas emissions, and almost
half of the energy used in buildings is on heating and cooling,"
added Koutsaftes. "The use of our Solstice ze solution in
sustainable heat pump technology that replaces fossil-fuel based
heating is an economical solution for customers to maximize energy
savings and reduce carbon emissions."
About half of Honeywell's investment in new product introduction
research and development is directed towards products that improve
environmental and social outcomes for customers, such as Solstice.
This aligns with the company's commitment to become carbon neutral
in its facilities and operations by 2035, building on a track
record to sharply reduce its greenhouse gas intensity as well as
its decades-long history of innovation to help its customers meet
their environmental and social goals.
Honeywell is a world leader in the development, manufacture and
supply of refrigerants that are sold worldwide under the
Solstice® and Genetron® brand names for a
wide range of applications including refrigeration and air
conditioning for buildings and automobiles.
Honeywell (www.honeywell.com) is a Fortune 100 technology
company that delivers industry-specific solutions that include
aerospace products and services; control technologies for buildings
and industry; and performance materials globally. Our technologies
help aircraft, buildings, manufacturing plants, supply chains, and
workers become more connected to make our world smarter, safer, and
more sustainable. For more news and information on Honeywell,
please visit www.honeywell.com/newsroom.
This release contains certain statements that may be deemed
"forward-looking statements" within the meaning of Section 21E of
the Securities Exchange Act of 1934. All statements, other than
statements of historical fact, that address activities, events or
developments that we or our management intends, expects, projects,
believes or anticipates will or may occur in the future are
forward-looking statements. Such statements are based upon certain
assumptions and assessments made by our management in light of
their experience and their perception 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 a number of
material risks and uncertainties, including but not limited to
economic, competitive, governmental, and technological factors
affecting our operations, markets, products, services and prices.
Such forward-looking statements are not guarantees of future
performance, and actual results, developments and business
decisions may differ from those envisaged by such forward-looking
statements. We identify the principal risks and uncertainties that
affect our performance in our Form 10-K and other filings with the
Securities and Exchange Commission.
Contacts:
Media
Tehani
Manochio
(973) 216-0684
tehani.manochio@honeywell.com
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SOURCE Honeywell