Hudson Technologies to Provide Reclaimed Refrigerant to LG Air Conditioning Technologies USA
Hudson Technologies (NASDAQ: HDSN) has announced a collaboration with LG Air Conditioning Technologies USA to supply EMERALD Refrigerants™ to LG's customer base. This partnership aims to promote sustainable refrigerant management practices and support the industry's transition to reclaimed refrigerants. Hudson's certified reclaimed refrigerants offer lower environmental impact and GWP levels compared to virgin refrigerants while maintaining equivalent performance.
The collaboration combines Hudson's expertise in refrigerant recovery, reclamation, and redistribution with LG's extensive customer network. It will help LG's customers meet new California refrigerant-related regulations and reinforce LG's commitment to delivering eco-conscious solutions. This partnership aligns with both companies' goals of reducing carbon emissions and promoting cleaner energy solutions in the HVAC industry.
Hudson Technologies (NASDAQ: HDSN) ha annunciato una collaborazione con LG Air Conditioning Technologies USA per fornire EMERALD Refrigerants™ alla clientela di LG. Questo partnership ha l'obiettivo di promuovere pratiche di gestione dei refrigeranti sostenibili e supportare la transizione del settore verso refrigeranti recuperati. I refrigeranti recuperati certificati di Hudson offrono un minore impatto ambientale e livelli di GWP rispetto ai refrigeranti vergini, mantenendo prestazioni equivalenti.
La collaborazione unisce l'expertise di Hudson nel recupero, reclamazione e ridistribuzione dei refrigeranti con la vasta rete di clienti di LG. Aiuterà i clienti di LG a rispettare le nuove regolamentazioni californiane sui refrigeranti e rafforzerà l'impegno di LG verso la fornitura di soluzioni ecologiche. Questa partnership è in linea con gli obiettivi di entrambe le aziende di ridurre le emissioni di carbonio e promuovere soluzioni energetiche più pulite nell'industria HVAC.
Hudson Technologies (NASDAQ: HDSN) ha anunciado una colaboración con LG Air Conditioning Technologies USA para suministrar EMERALD Refrigerants™ a la base de clientes de LG. Esta asociación tiene como objetivo promover prácticas de gestión sostenible de refrigerantes y apoyar la transición de la industria hacia refrigerantes recuperados. Los refrigerantes recuperados certificados de Hudson ofrecen un menor impacto ambiental y niveles de GWP en comparación con los refrigerantes vírgenes, manteniendo un rendimiento equivalente.
La colaboración combina la experiencia de Hudson en recuperación, reclamación y redistribución de refrigerantes con la amplia red de clientes de LG. Ayudará a los clientes de LG a cumplir con las nuevas regulaciones relacionadas con refrigerantes en California y reforzará el compromiso de LG de ofrecer soluciones ecológicas. Esta asociación se alinea con los objetivos de ambas empresas de reducir las emisiones de carbono y promover soluciones energéticas más limpias en la industria HVAC.
허드슨 테크놀로지스(나스닥: HDSN)는 LG 에어컨 기술 미국과 협력하여 LG 고객에게 EMERALD Refrigerants™을 공급한다고 발표했습니다. 이 파트너십은 지속 가능한 냉매 관리 관행을 촉진하고 업계가 회수된 냉매로 전환하도록 지원하는 것을 목표로 하고 있습니다. 허드슨의 인증된 회수 냉매는 원료 냉매에 비해 환경에 미치는 영향과 GWP 수준이 낮습니다, 성능은 동일합니다.
이 협력은 허드슨의 냉매 회수, 복구 및 재분배 전문성과 LG의 광범위한 고객 네트워크를 결합합니다. LG의 고객이 새로운 캘리포니아 냉매 관련 규정을 준수하도록 돕고 LG의 친환경 솔루션 제공에 대한 의지를 강화할 것입니다. 이 파트너십은 두 회사의 탄소 배출량을 줄이고 HVAC 산업에서 더 깨끗한 에너지 솔루션을 촉진하려는 목표와 일치합니다.
Hudson Technologies (NASDAQ: HDSN) a annoncé une collaboration avec LG Air Conditioning Technologies USA pour fournir EMERALD Refrigerants™ à la clientèle de LG. Ce partenariat vise à promouvoir des pratiques de gestion durable des réfrigérants et à soutenir la transition de l'industrie vers des réfrigérants récupérés. Les réfrigérants récupérés certifiés de Hudson offrent un impact environnemental et des niveaux de GWP inférieurs par rapport aux réfrigérants vierges, tout en maintenant une performance équivalente.
La collaboration combine l'expertise de Hudson en matière de récupération, de reclamation et de redistribution des réfrigérants avec le vaste réseau de clients de LG. Elle aidera les clients de LG à se conformer aux nouvelles réglementations californiennes sur les réfrigérants et renforcera l'engagement de LG à fournir des solutions écologiques. Ce partenariat est en accord avec les objectifs des deux entreprises de réduire les émissions de carbone et de promouvoir des solutions énergétiques plus propres dans l'industrie de la climatisation et du chauffage.
Hudson Technologies (NASDAQ: HDSN) hat eine Zusammenarbeit mit LG Air Conditioning Technologies USA angekündigt, um EMERALD Refrigerants™ an die Kundenbasis von LG zu liefern. Diese Partnerschaft zielt darauf ab, nachhaltige Kältemittelmanagementpraktiken zu fördern und den Übergang der Branche zu recycelten Kältemitteln zu unterstützen. Hudsons zertifizierte recycelte Kältemittel bieten eine geringere Umweltbelastung und GWP-Werte im Vergleich zu frischen Kältemitteln, während sie eine gleichwertige Leistung aufrechterhalten.
Die Zusammenarbeit kombiniert Hudsons Fachwissen in der Kältemittelrückgewinnung, -rückführung und -verteilung mit LGs umfassendem Kundennetzwerk. Sie wird LGs Kunden helfen, den neuen kalifornischen Vorschriften zu Kältemitteln gerecht zu werden, und LGs Engagement zur Bereitstellung umweltfreundlicher Lösungen stärken. Diese Partnerschaft entspricht den Zielen beider Unternehmen, die Kohlenstoffemissionen zu reduzieren und sauberere Energielösungen in der HVAC-Industrie zu fördern.
- Collaboration with LG Air Conditioning Technologies USA expands Hudson's market reach
- Partnership promotes sustainable refrigerant management practices
- EMERALD Refrigerants™ offer lower environmental impact and GWP levels
- Helps LG customers meet new California refrigerant-related regulations
- Aligns with industry transition to reclaimed refrigerants
- None.
This collaboration marks a significant step towards sustainable refrigerant management in the HVAC industry. Hudson's EMERALD Refrigerants™, being certified reclaimed products, offer a lower environmental impact compared to virgin refrigerants. The partnership addresses growing environmental concerns and regulatory pressures, particularly in California.
The use of reclaimed refrigerants can substantially reduce the industry's carbon footprint. With a lower Global Warming Potential (GWP), these products align with global efforts to combat climate change. This move could potentially influence other industry players to adopt similar practices, accelerating the transition to more sustainable refrigerant solutions.
However, the success of this initiative will depend on the willingness of LG's customers to embrace these reclaimed refrigerants. The companies will need to educate end-users about the benefits and performance equivalence of reclaimed refrigerants to drive widespread adoption.
This partnership between Hudson Technologies and LG Air Conditioning Technologies USA represents a strategic move in the evolving HVAC market. By offering certified reclaimed refrigerants, LG is positioning itself as an environmentally conscious leader, potentially gaining a competitive edge in a market increasingly driven by sustainability concerns.
The collaboration addresses the industry-wide challenge of transitioning to lower GWP refrigerants while maintaining performance standards. It's particularly timely given the new California regulations on refrigerants, which could set a precedent for other states. This proactive approach could help LG and its customers stay ahead of regulatory curves and avoid potential compliance issues.
From a market perspective, this move could drive increased demand for reclaimed refrigerants, potentially impacting pricing and supply dynamics in the refrigerant market. It may also spur innovation in refrigerant reclamation technologies and processes.
Collaboration will promote sustainable refrigerant management practices through use of lower GWP refrigerants
WOODCLIFF LAKE, N.J., Sept. 11, 2024 (GLOBE NEWSWIRE) -- Hudson Technologies, Inc. (NASDAQ: HDSN) a leading provider of innovative and sustainable refrigerant products and services to the Heating, Ventilation, Air Conditioning, and Refrigeration industry – and one of the nation’s largest refrigerant reclaimers, has announced its collaboration with LG Air Conditioning Technologies, USA (“LG”) for the supply of Hudson’s EMERALD Refrigerants™ to LG’s customer base. The collaboration underscores the commitment of both companies to responsible and sustainable refrigerant management practices and highlights the ongoing industry transition to the use of reclaimed refrigerants.
LG Air Conditioning Technologies USA is a leading player in the global air conditioning market, distributing both commercial and residential air conditioning and building management solutions. As a leading player in the market, LG is committed to delivering products that provide an opportunity to reduce energy consumption, increase efficiency, and enhance comfort. With its ‘Better Life For All’ approach, through this agreement, LG will leverage Hudson’s proven expertise in refrigerant recovery and reclamation, to make lower GWP reclaimed refrigerants available to LG’s customer base.
Kate Houghton, Senior Vice President, Sales & Marketing for Hudson commented, “LG is a valued partner, and we are excited about this opportunity to work together toward our shared goal of creating and promoting sustainable refrigerant management practices. Our EMERALD Refrigerants™ are certified reclaimed refrigerants which, as a recycled product, can be manufactured with significantly lower environmental impact and GWP levels than the production of virgin refrigerants. Importantly, certified reclaimed refrigerants match the in-system performance levels of virgin refrigerants, offering LG’s customers a seamless alternative to adopting cleaner refrigerants. Through this collaboration, we are combining Hudson’s expertise in the recovery reclamation and redistribution of refrigerants with LG’s extensive customer base, to further the HVAC industry’s recognition and use of more environmentally sound products and practices.”
Darren Gibula, Vice President of Operations for LG Air Conditioning Technologies USA stated, “At LG, we’re committed to efforts to reduce carbon emissions and drive the future of cleaner energy through our all-electric heat pump HVAC products, the introduction of hydronics solutions and the adoption of refrigerants with a lower GWP (Global Warming Potential). Leveraging Hudson’s extensive experience in reclaimed refrigerants will enable LG to help our customers meet new California refrigerant-related regulations as well as reinforce our efforts to deliver more eco-conscious solutions for end-users nationwide.”
About Hudson Technologies
Hudson Technologies, Inc. is a leading provider of innovative and sustainable refrigerant products and services to the Heating Ventilation Air Conditioning and Refrigeration industry. For nearly three decades, we have demonstrated our commitment to our customers and the environment by becoming one of the first in the United States and largest refrigerant reclaimers through multimillion dollar investments in the plants and advanced separation technology required to recover a wide variety of refrigerants and restoring them to Air-Conditioning, Heating, and Refrigeration Institute standard for reuse as certified EMERALD Refrigerants™. The Company's products and services are primarily used in commercial air conditioning, industrial processing and refrigeration systems, and include refrigerant and industrial gas sales, refrigerant management services consisting primarily of reclamation of refrigerants and RefrigerantSide® Services performed at a customer's site, consisting of system decontamination to remove moisture, oils and other contaminants. The Company’s SmartEnergy OPS® service is a web-based real time continuous monitoring service applicable to a facility’s refrigeration systems and other energy systems. The Company’s Chiller Chemistry® and Chill Smart® services are also predictive and diagnostic service offerings. As a component of the Company’s products and services, the Company also generates carbon offset projects.
About LG Air Conditioning Technologies USA
LG Electronics USA’s Air Conditioning Technologies business is based in Alpharetta, Ga. LG is a leading player in the global air conditioning market, manufacturing both commercial and residential air conditioners and building management solutions. From consumer and individual units to industrial and specialized air conditioning systems, LG provides a wide range of products for heating, ventilating, air conditioning, water heating and energy storage. Eleven-time ENERGY STAR® Partner of the Year, LG Electronics USA (based in Englewood Cliffs, N.J.), is the North American subsidiary of LG Electronics Inc., a
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995
Statements contained herein which are not historical facts constitute forward-looking statements. Such forward-looking statements involve a number of known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, but are not limited to, changes in the laws and regulations affecting the industry, changes in the demand and price for refrigerants (including unfavorable market conditions adversely affecting the demand for, and the price of, refrigerants), the Company's ability to source refrigerants, regulatory and economic factors, seasonality, competition, litigation, the nature of supplier or customer arrangements that become available to the Company in the future, adverse weather conditions, possible technological obsolescence of existing products and services, possible reduction in the carrying value of long-lived assets, estimates of the useful life of its assets, potential environmental liability, customer concentration, the ability to obtain financing, the ability to meet financial covenants under its existing credit facility, any delays or interruptions in bringing products and services to market, the timely availability of any requisite permits and authorizations from governmental entities and third parties as well as factors relating to doing business outside the United States, including changes in the laws, regulations, policies, and political, financial and economic conditions, including inflation, interest and currency exchange rates, of countries in which the Company may seek to conduct business, the Company’s ability to successfully integrate any assets it acquires from third parties into its operations, and other risks detailed in the Company's 10-K for the year ended December 31, 2023 and other subsequent filings with the Securities and Exchange Commission. The words "believe", "expect", "anticipate", "may", "plan", "should" and similar expressions identify forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date the statement was made.
| Investor Relations Contact: John Nesbett/Jennifer Belodeau IMS Investor Relations (203) 972-9200 jnesbett@imsinvestorrelations.com | Company Contact: Brian F. Coleman, President & CEO Hudson Technologies, Inc. (845) 735-6000 bcoleman@hudsontech.com |
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