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Our Planet Can’t Wait. The World Needs F-Gases.

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The Chemours Company's President, Joe Martinko, discusses the importance of F-gases in advancing circularity, decarbonization, and socioeconomic value. F-gases, such as hydrofluoroolefins (HFOs), are critical for managing temperature across various applications and industries. They enable a circular economy, accelerate decarbonization, and drive socioeconomic value by contributing to energy efficiency, job creation, and economic growth.
Positive
  • F-gases, particularly HFOs, offer low global warming potential and superior performance across various climates and applications.
  • F-gases are crucial for advancing circularity across industries such as automotive, aerospace, medical, electronics, and the cold chain by maximizing resource efficiency and reducing waste and emissions.
  • Systems optimized with F-gases can achieve double-digit energy savings compared to alternatives, contributing to the green transition and supporting energy and water conservation.
  • Fluorinated products, including F-gases, have contributed significantly to job creation, labor income, and GDP, indicating their economic and societal benefits.
Negative
  • None.

Insights

An Environmental Economist would assess the macroeconomic implications of the adoption of F-gases, particularly hydrofluoroolefins (HFOs), in the context of climate change mitigation and circular economy principles. The low global warming potential (GWP) of HFOs suggests a favorable environmental profile, which could incentivize businesses to adopt these in place of higher-GWP alternatives. This transition aligns with increasing regulatory pressure to reduce carbon footprints and could potentially open up new markets for low-GWP products.

From an economic standpoint, the shift towards F-gases could stimulate job creation and economic growth within the chemical and manufacturing sectors, as indicated by the contribution to U.S. GDP and labor income. However, the transition also poses risks to industries reliant on traditional cooling systems, which might face disruption or require significant investment to adapt. The long-term economic benefits hinge on the balance between environmental gains and the costs of technological adaptation and regulatory compliance.

A Market Research Analyst would delve into the competitive landscape of F-gases, particularly their market potential in various industries such as automotive, aerospace and data centers. Given the projected energy savings and performance efficiency, demand for F-gases could see substantial growth as industries seek to align with sustainability goals and improve operational efficiency.

Moreover, the analyst would examine consumer trends that favor environmentally friendly products, which could bolster the market position of companies investing in F-gas technologies. However, market adoption could be tempered by the availability of alternatives, regulatory hurdles, or potential shifts in public policy favoring other green technologies. The role of F-gases in socioeconomic value creation, as evidenced by their contribution to jobs and GDP, could be a compelling narrative for investors and stakeholders seeking to balance profitability with social responsibility.

A Sustainability Expert would evaluate the environmental impact of F-gases, emphasizing the importance of their low GWP and potential to enable a circular economy. The ability to recover, reclaim and reuse F-gases is particularly notable as it contrasts with some natural alternatives that may not offer the same level of circularity. This could lead to reduced emissions and waste, aligning with international climate goals.

However, the expert would also scrutinize the life cycle analysis of F-gases to ensure that their production, use and end-of-life management do not inadvertently contribute to other environmental issues. The pending regulatory approval for new uses of F-gases, like two-phase immersion cooling in data centers, indicates a proactive approach to sustainability, but the full environmental costs and benefits must be carefully considered to validate the long-term viability of these technologies.

The linchpin to advancing circularity, decarbonization and socioeconomic value.

NORTHAMPTON, MA / ACCESSWIRE / January 25, 2024 / The Chemours Company

By Joe Martinko, President, Thermal & Specialized Solutions (TSS), Chemours

If you don't know what an F-gas is, you are not alone. However, I guarantee you rely on them daily.

F-gases and fluids are fluorinated technologies that manage temperature across a range of applications, from air conditioners, heat pumps and food storage and preservation, to medical devices, electronics, and even transportation and electric vehicles. Innovative F-gases called hydrofluoroolefins (HFOs) offer low global warming potential (GWP)-a metric used to compare the "heat trapping" impacts of different gases-and superior performance across climates and applications.

Today, the impacts of climate change demand swift action to reduce our reliance on fossil fuels. We need technologies that maximize efficiency-of both resources and energy-to realize circularity and decarbonization without derailing value chains, market innovation and the economy at large. F-gases sit at the intersection of performance and sustainability, which is why the world needs F-gases now more than ever.

F-gases enable a circular economy

The United Nations defines a circular economy as a sustainable economic model "in which products and materials…can be reused, remanufactured, recycled, or recovered…and thus maintained in the economy for as long as possible."1 Circularity is critical to achieving international climate goals and should be a key objective for industry in the effort to accelerate the green transition.

What many don't realize is that F-gases are critical to advancing circularity across every industry they touch-automotive, aerospace, medical, electronics, chemical and the cold chain. Unlike many so-called "natural" alternatives, including carbon dioxide (CO2) and propane, F-gases can be recovered, reclaimed and reused today, maximizing resource efficiency, creating less waste, generating lower emissions and taking critical steps toward a circular economy.

F-gases will accelerate decarbonization

Electric vehicles, heat pumps and other solutions are recognized globally as drivers of the green transition, and all these drivers depend on F-gases.

Boasting superior energy efficiency, systems optimized with F-gases can achieve double digit energy savings when compared to alternatives.2 The full benefits of F-gases are just starting to be realized. For example, there is a new, low-GWP fluorinated technology pending regulatory approval for use in data centers-called two-phase immersion cooling-that can help dramatically reduce energy and water use, while supporting faster computing and data transmission. Compared to traditional cooling systems, this two-phase immersion cooling technology could reduce data center cooling energy use by more than 90 percent, translating to 340 Twh in global energy savings by 2055. That's equivalent to powering more than 517 million laptops all day, every day.

F-gases drive socioeconomic value

Vital industries and applications rely on innovative F-gas products to operate at peak performance. Looking at the transportation industry as an example, F-gases play a critical role in heating and cooling the cabin, but also enabling current and future performance improvements, such as battery cooling, extended driving ranges, faster charging and weight reduction, all while reducing total vehicle emissions.

F-gases deliver key economic and societal benefits. Indeed, in 2021, fluorinated products and related industries helped contribute approximately 6.2 million jobs, $560 billion in labor income, and more than $1 trillion towards U.S. GDP, according to one recent report.3 Threatening access to these chemistries, including F-gases, put these immense economic benefits at risk.

F-gases are reliable-they have undergone rigorous, data-intensive regulatory approval processes and are considered safe for their intended uses. As an example, commercially available and proven HFOs are about four times less likely to form flammable concentrations during an accidental leak than highly flammable (A3) alternatives. They are also far more difficult to ignite, requiring approximately 2,000 times more energy to ignite commonly used HFO blends versus propane.4

Most F-gas alternatives-including CO2, propane, and other so-called "naturals" - are not natural, new, universal or risk-free. These industrial gases were adopted more than a century ago and broadly abandoned for good reason. They pose real risks-from high working pressures and corrosion to flammability-and are plagued by performance limitations, increased maintenance and system costs, and value chain instability. This means that without F-gases, many of the critical innovations and industries we take for granted could be brought to a halt.

The world needs innovation and F-gases

The green transition can't wait, and it must be accelerated without compromising circularity, decarbonization or socioeconomic value. Fortunately, continued innovation in the F-gas industry, coupled with a smart regulatory roadmap, can help us achieve all of these objectives.

The American Innovation and Manufacturing (AIM) Act, enacted in 2020 to minimize the environmental impact of F-gases, is a prime example. In addition to providing a roadmap for phasing down high GWP hydrofluorocarbon (HFC) technology, the AIM Act is also encouraging industry to maximize reclaim, minimize releases and accelerate the transition to next-generation technology. This type of clear policy framework-paired with effective implementation-can and will help catalyze innovation, which is something that should be encouraged, rather than thwarted.

The reality is so-called "natural" alternatives simply cannot deliver the innovation required to tackle both climate and performance challenges. If we want to advance decarbonization, circularity and socioeconomic value, then the world-and America-needs F-gases.

Learn more about F-gases here.

[1] "New Economics for Sustainable Development: Circular Economy," United Nations Economist Network.

[2] Measurements and simulations carried out by an independent research institute in Germany.

[3]"Quantifying the Economic Contribution of Key Industries which use PFAS as Vital Inputs," Inforum, 2023.

[4] AHRI and industry flammability values.

View original content here.

View additional multimedia and more ESG storytelling from The Chemours Company on 3blmedia.com.

Contact Info:
Spokesperson: The Chemours Company
Website: https://www.3blmedia.com/profiles/chemours-company
Email: info@3blmedia.com

SOURCE: The Chemours Company



View the original press release on accesswire.com

FAQ

What are F-gases and how are they important to circularity, decarbonization, and socioeconomic value?

F-gases, such as hydrofluoroolefins (HFOs), are fluorinated technologies crucial for managing temperature across various applications and industries. They enable a circular economy, accelerate decarbonization, and drive socioeconomic value by contributing to energy efficiency, job creation, and economic growth.

What are the benefits of F-gases, particularly HFOs, in terms of performance and environmental impact?

F-gases, particularly HFOs, offer low global warming potential and superior performance across various climates and applications, contributing to energy efficiency and environmental sustainability.

How do F-gases contribute to advancing circularity across different industries?

F-gases are crucial for advancing circularity across industries such as automotive, aerospace, medical, electronics, and the cold chain by maximizing resource efficiency and reducing waste and emissions.

What are the energy savings associated with systems optimized with F-gases compared to alternatives?

Systems optimized with F-gases can achieve double-digit energy savings compared to alternatives, contributing to the green transition and supporting energy and water conservation.

What are the economic and societal benefits of F-gases?

Fluorinated products, including F-gases, have contributed significantly to job creation, labor income, and GDP, indicating their economic and societal benefits.

The Chemours Company

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