MORRIS TOWNSHIP, N.J., March 7, 2014 /PRNewswire/ -- Honeywell (NYSE: HON) announced today that the European Commission's top scientific and technical body has concluded that Honeywell's new low-global-warming-potential mobile air conditioning refrigerant, HFO-1234yf, is safe for use in automobiles, marking the final word in a thorough and inclusive evaluation process.
"A scientific review of the research regarding the safety aspects of the use of refrigerant R1234yf in Mobile Air Conditioning (MAC) systems, published today by the European Commission, concludes that there is no evidence of a serious risk in the use of this refrigerant in MAC systems under normal and foreseeable conditions of use," the European Commission said in statement today ( http://europa.eu/rapid/press-release_MEMO-14-168_en.htm) following an extensive evaluation by the Commission's Joint Research Centre (JRC). "The review reinforces the conclusions by the German market surveillance authorities, the KBA (Kraftfahrt Bundesamt), which stated that there is no sufficient supporting evidence of a serious risk that would entail the intervention of the authorities."
JRC today issued a 17-page report ( http://ec.europa.eu/enterprise/sectors/automotive/environment/macs/index_en.htm) supporting its conclusions after a three-month evaluation during which it thoroughly reviewed the extensive testing done by a range of leading automakers as well as the world's foremost automotive engineering body, SAE International, and independent test agencies.
The JRC provides independent scientific and technical advice to the European Commission to broadly support policy-setting activities. It oversees seven scientific institutes across Europe with a wide range of laboratories and research capabilities."The JRC's independent and unimpeachable report leaves no doubt that HFO-1234yf is safe for automotive applications," said Ken Gayer, vice president and general manager for Honeywell Fluorine Products. "We continue to see strong adoption by global automakers of this new refrigerant as they work to meet new environmental regulation, especially in Europe, and are investing in production capacity to ensure adequate supply." HFO-1234yf, a highly efficient, safe and effective replacement for the current automotive air conditioning refrigerant, HFC-134a, is already widely used by the auto industry. There are more than 500,000 automobiles safely using HFO-1234yf on the road today, and by the end of 2014 that number is expected to grow to more than 2 million. Third-party data shows that HFO-1234yf's widespread adoption globally would have the greenhouse gas equivalent of permanently removing more than 30 million cars from the road worldwide, or about 3 percent of the total global fleet.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- 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 + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV