Honeywell says it intends to stop selling the high GWP refrigerants R404A and R507 in Europe from next year.
In a statement today Honeywell says it plans to exit the sale of Genetron 404A (R404A) and Genetron AZ-50 (R507) refrigerants in the European Union in 2018 as contracts permit..
One of the worlds main refrigerant producers, Honeywell explained that it was taking this action “in anticipation of the expected scarcity of high GWP products due to the F-gas regulation phase-down schedule”.
Prices of R404A and R507 from all manufacturers and suppliers have risen dramatically this year in anticipation of the 37% cut in CO2e required next year under the European F-gas regulations. Chemours recently announced consecutive monthly price rises of 25% and 30% on these high GWP gases, and warned of shortages next year, but Honeywell is the first manufacturer to announce it is to cease to supply.
This latest announcement is certain to add further inflationary pressures to R404A refrigerant prices and may prompt the other manufacturers to take similar action.
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