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
Cramer's Action Alerts PLUS - See his portfolio and get alerts BEFORE every trade. Learn more NOW!

Honeywell Will Help Reduce Climate Impact Of Refrigerators And Freezers In China

BEIJING, July 8, 2014 /PRNewswire/ -- Honeywell (NYSE: HON) announced today that it will help reduce the climate impact of refrigerators and freezers in China under a grant agreement signed today between the U.S. Trade and Development Agency (USTDA) and Midea, a leading China-based manufacturer of home appliances.

The project will focus on Honeywell Solstice ® Liquid Blowing Agent (LBA), which allows appliance insulation to expand and provides the majority of the resulting foam's excellent insulating properties. Solstice LBA has a global warming potential of 1, which is 99.9 percent lower than the hydrofluorocarbons (HFCs) it often replaces. It also offers improved insulating performance when compared to those HFCs. Solstice LBA is nonflammable and is not a volatile organic compound, unlike cyclopentane, an alternative blowing agent. Honeywell will partner will Midea to further develop the application technology of Solstice LBA for energy-efficient refrigerators in China.

"We are honored to be part of this exciting program, which will help improve the environmental profile of refrigerators sold in China," said Ken Gayer, vice president and general manager of Honeywell's Fluorine Products business. "Honeywell is the leader in the development of low-global-warming-potential blowing agents, refrigerants, aerosols and solvents, and we are uniquely positioned to help manufacturers like Midea achieve their energy-efficiency goals."

"Midea is a leader in the manufacture of energy-efficient appliances, and this grant will enable us to more quickly adopt technologies such as Solstice LBA," said Suk Sangjo, vice president of Midea's refrigeration division. "Solstice LBA can enable us to maintain the high energy-efficiency of our refrigerators while reducing their carbon footprint."

Honeywell made the announcement at the sixth meeting of the U.S.-China Strategic and Economic Dialogue, which was established by U.S. President Barack Obama and former China President Hu Jintao. The meeting represents the highest-level bilateral forum to discuss a broad range of issues between the two nations.

"USTDA is committed to forming partnerships between the U.S. and China to mitigate the effects of global climate change," said USTDA Director Leocadia I. Zak. "This project will benefit the economies of both nations, while improving the environmental footprint of appliances in China."

In addition to Solstice LBA, Honeywell's family of Solstice-branded products includes stationary and mobile refrigerants, gaseous blowing agents, propellants, and solvents based on Honeywell's new hydrofluoro-olefin technology that helps customers lower their carbon footprint without sacrificing end-product performance.

The Solstice products have been developed and are being commercialized by Honeywell's Fluorine Products business, a leader in the manufacture and supply of zero ozone-depleting refrigerants used by top air-conditioning and refrigeration makers worldwide, and blowing agents for energy-efficient foam insulation, as well as hydrofluoric acid and precursors for nuclear fuel.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

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
Stocks Under $10

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

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
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

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

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
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!
SYM TRADE IT LAST %CHG

Markets

DOW 18,214.42 -10.15 -0.06%
S&P 500 2,110.74 -3.12 -0.15%
NASDAQ 4,987.89 +20.7530 0.42%

Partners Compare Online Brokers

Free Reports

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