Honeywell (NYSE:HON) announced that its new Solstice® refrigerant for supermarket refrigeration has been named a finalist for the R&D 100 Awards, sponsored by R&D Magazine. Often referred to as the “Oscars of Invention,” the R&D 100 Awards honors the 100 most innovative technologies and services of the past year. Evaluated with Oak Ridge National Laboratory, Solstice N40 (R-448A) refrigerant replaces high-global-warming refrigerants in supermarket applications. It is part of a growing line of Solstice products for applications ranging from auto air conditioning to highly-energy efficient appliance and building insulation, that have significantly lower global warming potential.
Honeywell International Inc. (NYSE:HON) on Friday closed at $101.16. Stock institutional ownership is 77.40% while insider ownership includes 0.10%. Honeywell International Inc. (NYSE:HON) distance from 50-day simple moving average (SMA50) is 1.28%.
In anticipation of a lower global warming potential (GWP) world, we have seen increased interest in natural refrigerants such as carbon dioxide (CO2) and propane. Eliminating R-404A and R-507A from new supermarket refrigeration systems, remote condensing units, and from some stand-alone equipment will continue the movement towards lower GWP refrigerants. The new lower GWP refrigerants such as R-448A, R-449A, R-450A, and R-513A all have less than half the GWP of the candidates they are replacing. While the rule identifies dates for the prohibition of certain refrigerants in “new” and “retrofit” equipment, it states “existing systems may continue to be serviced and maintained for the useful life of that equipment using the original refrigerant.”
Its Performance Materials and Technologies segment offers catalysts and adsorbents; equipment and consulting services for the petroleum refining, gas processing, petrochemical, and other industries; fluorocarbons, hydrofluoroolefins, caprolactam, resins, ammonium sulfate fertilizers, phenol, specialty films, waxes, additives, fibers, research chemicals and intermediates, and electronic materials and chemicals; and process solutions, such as automation control, instrumentation, and services for the oil and gas, refining, pulp and paper, industrial power generation, chemicals and petrochemicals, biofuels, life sciences, metals, minerals, and mining industries. Honeywell International Inc. was founded in 1920 and is based in Morris Township, New Jersey.
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