This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
$1 buys you full access to ALL of TheStreet's Subscription Services! Learn More

Honeywell Welcomes Implementation Of European MAC Directive Aimed At Reducing Greenhouse Gas Emissions

Stocks in this article: HON

MORRIS TOWNSHIP, N.J., Jan. 15, 2013 /PRNewswire/ -- Honeywell (NYSE: HON) today said it welcomed implementation of the European Union's Mobile Air Conditioning (MAC) Directive, aimed at reducing greenhouse gas emissions by requiring use of automotive refrigerants with significantly lower global warming impact.

The directive came into force on Jan. 1, 2013, and the company said it is fully prepared to supply automakers with HFO-1234yf, a new lower-global-warming-potential refrigerant that has been proven to be a safe and effective replacement for HFC-134a and is already in use by the auto industry.  Compared with HFC-134a, HFO-1234yf offers a 99.7 percent improvement in global warming potential.

"Honeywell has been preparing to assist automakers meet this milestone directive, investing in research to develop HFO-1234yf, which is the alternative refrigerant that best meets the requirements for safety, effectiveness and energy efficiency," said Dr. Ian Shankland, chief technology officer for Honeywell Performance Materials and Technologies. "HFO-1234yf is a near drop-in replacement for HFC-134a, making it easy and cost-effective for automakers to comply with the MAC Directive."

The European Union's F-Gas Regulation (842/2006), passed in July 2006 and enforced through the MAC Directive, aims to reduce emissions of specific fluorinated greenhouse gases in the air-conditioning systems in passenger cars and light commercial vehicles.

The directive requires that refrigerants in all new type vehicles sold in Europe after Jan. 1, 2013, have a global-warming potential (GWP) below 150 and that all cars sold after 2017 meet the lower GWP requirement. HFC-134a has a GWP of 1,430, while HFO-1234yf has a GWP of 4, far exceeding the MAC Directive requirement.

According to a third-party study, if all cars in Western Europe today were converted from HFC-134a to HFO-1234yf, it would result in a reduction of an equivalent 8 million tons of carbon dioxide emissions per year ‒ or removing 4 million cars from the road.

The European Commission, at a December 2012 meeting of its Technical Committee – Motor Vehicles (TCMV), reconfirmed that the MAC directive would be fully enforced starting on Jan. 1. 

HFO-1234yf has been exhaustively and extensively evaluated by respected global testing agencies, including SAE International, which concluded after a three-year evaluation of the refrigerant involving 15 global automakers, 17 top automotive suppliers and 18 international, independent research institutes that the refrigerant is safe and effective in automotive applications.

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,810.06 +91.06 0.51%
S&P 500 2,063.50 +10.75 0.52%
NASDAQ 4,712.97 +11.1030 0.24%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs