HONEYWELL INTERNATIO

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194.39USD -2.35%

Honeywell International Inc. Partners with Navin Fluorine International Limited to Add Hydrofluoroolefins Manufacturing Capacity in India

01/28/2022 | 12:50am
Honeywell International Inc. and Navin Fluorine International Limited, part of the Padmanabh Mafatlal Group, announced a partnership to manufacture Honeywell's proprietary Solstice range of hydrofluoroolefins (HFO) in India. Production is scheduled to commence by Q2-2022 at NFIL's manufacturing facility in Gujarat. This portfolio of next generation products has no ozone depletion potential and a global warming potential (GWP) of 1, thereby helping customers lower their carbon footprint without sacrificing end-product performance. These products have various applications, including in blowing agents for foam insulation and refrigeration liquid for chillers. The demand for low-GWP solutions continues to grow. Multiple global regulations stemming from the Kigali Amendment to the Montreal Protocol require the phasedown of HFCs, driving the demand for more sustainable solutions. Honeywell has already invested more than a billion dollars in research, development and new capacity for its Solstice technology, having anticipated the need for lower-GWP solutions to combat climate change more than a decade ago. Honeywell's partnership with Navin Fluorine will enable capacity expansion for its Solstice range to cater to the growing global demand for environmentally friendlier solutions.
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