“Until the EPA issues a final rule, there will be uncertainty in the market as to future supplies of virgin R-22. The issuance of a final rule from EPA would provide a level of certainty, at least as to the available supply of virgin R22 through 2014, that we believe the industry needs to plan for and assess the future virgin supply available to serve the refrigerant aftermarket. From our perspective, there has been strong refrigerant demand during this year’s cooling season. We expect that such strong demand, coupled with a clearly defined final rule on future reductions in available virgin supply, will further support the supply/demand imbalance which, along with existing price increases in R-22, should positively impact the market opportunities for our R-22 reclamation business.“This was a very strong quarter for our Company and we remain confident that we are well positioned to take advantage of the ongoing opportunities related to the R-22 phase down and the ultimate phase out of virgin production and the benefits that we anticipate can be derived from a vibrant reclamation market.”
Hudson Technologies Reports Record Revenues And Net Income For Second Quarter 2012; $0.20 Earnings Per Diluted Share
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