New Report Finds Refrigerant Reclamation Significantly Reduces Greenhouse Gas Emissions Compared to Virgin Refrigerants
Hudson Technologies (NASDAQ: HDSN) partnered with RMI to release a report on the impact of R-410A refrigerant reclamation in the US residential HVAC sector. The study reveals that reclaiming R-410A can reduce lifecycle greenhouse gas emissions by up to 70% compared to producing virgin refrigerant. Key findings include:
1. Maximizing refrigerant reclamation can avoid 7.7 metric tons of CO2 emissions by 2045, equivalent to removing 1.8 million cars from the road for a year.
2. Refrigerant recovery is important for a successful circular economy and supports achieving the full economic life of installed equipment.
3. The EPA's Technology Transition Rule will prohibit R-410A manufacturing for new residential equipment starting in 2025, promoting the transition to lower-GWP refrigerants.
Hudson Technologies (NASDAQ: HDSN) ha collaborato con RMI per pubblicare un rapporto sull'impatto del recupero del refrigerante R-410A nel settore HVAC residenziale negli Stati Uniti. Lo studio rivela che il recupero del R-410A può ridurre le emissioni di gas serra nel ciclo di vita fino al 70% rispetto alla produzione di refrigeranti vergini. I risultati chiave includono:
1. Massimizzare il recupero del refrigerante può evitare 7,7 tonnellate metriche di emissioni di CO2 entro il 2045, equivalente a rimuovere 1,8 milioni di auto dalle strade per un anno.
2. Il recupero del refrigerante è fondamentale per un'economia circolare di successo e supporta il raggiungimento della piena vita economica delle attrezzature installate.
3. La Technology Transition Rule dell'EPA proibirà la produzione di R-410A per nuove attrezzature residenziali a partire dal 2025, promuovendo la transizione verso refrigeranti a minor potenziale di riscaldamento globale.
Hudson Technologies (NASDAQ: HDSN) se asoció con RMI para publicar un informe sobre el impacto de la recuperación del refrigerante R-410A en el sector HVAC residencial de EE. UU. El estudio revela que recuperar R-410A puede reducir las emisiones de gases de efecto invernadero en el ciclo de vida hasta en un 70% en comparación con la producción de refrigerantes vírgenes. Los hallazgos clave incluyen:
1. Maximizar la recuperación de refrigerantes puede evitar 7.7 toneladas métricas de emisiones de CO2 para 2045, equivalente a quitar 1.8 millones de vehículos de la carretera durante un año.
2. La recuperación de refrigerantes es importante para una economía circular exitosa y apoya el logro de la vida económica completa del equipo instalado.
3. La Tecnología de Transición de la EPA prohibirá la fabricación de R-410A para nuevos equipos residenciales a partir de 2025, promoviendo la transición a refrigerantes de menor potencial de calentamiento global.
허드슨 테크놀로지스(NASDAQ: HDSN)는 RMI와 협력하여 미국 주거용 HVAC 부문에서 R-410A 냉매 재활용의 영향에 대한 보고서를 발표했습니다. 연구 결과 R-410A 재활용은 원료 냉매 생산에 비해 온실가스 배출량을 최대 70%까지 줄일 수 있다고 합니다. 주요 발견 사항은 다음과 같습니다:
1. 냉매 재활용을 극대화하면 2045년까지 7.7메트릭톤의 CO2 배출을 피할 수 있으며, 이는 180만 대의 차량을 1년 동안 도로에서 제거하는 것과 같습니다.
2. 냉매 회수는 성공적인 순환 경제에 중요하며 설치된 장비의 전체 경제적 수명을 달성하는 데 지원합니다.
3. EPA의 기술 전환 규칙은 2025년부터 새로운 주거용 장비용 R-410A 제조를 금지하여 저 GWP 냉매로의 전환을 촉진할 것입니다.
Hudson Technologies (NASDAQ: HDSN) s'est associé à RMI pour publier un rapport sur l'impact de la récupération du réfrigérant R-410A dans le secteur résidentiel de la climatisation aux États-Unis. L'étude révèle que la récupération du R-410A peut réduire les émissions de gaz à effet de serre sur l'ensemble du cycle de vie jusqu'à 70 % par rapport à la production de réfrigérants vierges. Les principales conclusions comprennent :
1. Maximiser la récupération de réfrigérants pourrait éviter 7,7 tonnes métriques d'émissions de CO2 d'ici 2045, équivalant à retirer 1,8 million de voitures de la route pendant un an.
2. La récupération des réfrigérants est essentielle pour une économie circulaire réussie et soutient la réalisation de la durée de vie économique complète des équipements installés.
3. La règle de transition technologique de l'EPA interdira la fabrication de R-410A pour de nouveaux équipements résidentiels à partir de 2025, favorisant la transition vers des réfrigérants à faible GWP.
Hudson Technologies (NASDAQ: HDSN) hat sich mit RMI zusammengeschlossen, um einen Bericht über die Auswirkungen der Rückgewinnung von R-410A-Kühlmittel im US-Wohn-HVAC-Sektor zu veröffentlichen. Die Studie zeigt, dass die Rückgewinnung von R-410A die Treibhausgasemissionen über den gesamten Lebenszyklus um bis zu 70 % reduzieren kann im Vergleich zur Herstellung von neuen Kühlmitteln. Die wichtigsten Ergebnisse sind:
1. Die Maximierung der Kühlmittelrückgewinnung kann bis 2045 7,7 metrische Tonnen CO2-Emissionen vermeiden, was dem Entfernen von 1,8 Millionen Autos von der Straße für ein Jahr entspricht.
2. Die Rückgewinnung von Kühlmitteln ist wichtig für eine erfolgreiche Kreislaufwirtschaft und unterstützt die Verwirklichung der vollständigen wirtschaftlichen Lebensdauer der installierten Geräte.
3. Die Technologieübergangsregel der EPA wird die Herstellung von R-410A für neue Wohngeräte ab 2025 verbieten und den Übergang zu Kühlmitteln mit geringerem Treibhauspotential fördern.
- Reclaiming R-410A can reduce lifecycle greenhouse gas emissions by up to 70% compared to virgin refrigerant production
- Maximizing refrigerant reclamation can avoid 7.7 metric tons of CO2 emissions by 2045
- Hudson Technologies is taking a leadership role in shaping the circular economy for refrigerants
- Refrigerant reclamation can limit market disruptions and ensure a smooth transition for consumers
- The EPA's Technology Transition Rule will prohibit R-410A manufacturing for new residential equipment beginning in 2025, potentially impacting Hudson Technologies' current business model
- Barriers to recovery and reclamation exist in the sector, which could hinder the adoption of reclamation practices
Insights
This report highlights a significant opportunity for greenhouse gas reduction in the HVAC industry. The 70% reduction in lifecycle emissions through refrigerant reclamation is a game-changer. It's a win-win situation, addressing both environmental concerns and market needs during the transition to lower-GWP refrigerants.
The potential to avoid
The report's findings could influence future EPA regulations and industry practices, potentially accelerating the adoption of circular economy principles in the refrigerant sector. This could lead to new market opportunities for companies specializing in refrigerant reclamation and recycling technologies.
The report's findings have significant implications for the HVAC industry. With the EPA's Technology Transition Rule set to prohibit R-410A manufacturing for new residential equipment by 2025, the industry faces a critical juncture. Reclamation offers a pragmatic solution to bridge the gap between current high-GWP refrigerants and future low-GWP alternatives.
This approach allows for the gradual phase-out of R-410A while maintaining the functionality of existing systems, which is important for consumer satisfaction and market stability. It also presents a potential market opportunity for refrigerant reclaimers like Hudson Technologies. However, the industry must prepare for increased demand in reclamation services and potential shifts in supply chain dynamics.
Companies that invest in reclamation technologies and infrastructure now may gain a competitive edge as the market evolves. The transition could also spur innovation in refrigerant recovery methods and equipment design, potentially leading to new product lines and services in the HVAC sector.
From an investment perspective, this report signals a significant shift in the refrigerant market. Companies like Hudson Technologies, which are already positioned in the reclamation space, stand to benefit from increased demand for their services. The potential 70% reduction in lifecycle emissions could attract ESG-focused investors and funds, potentially boosting stock valuations for companies aligned with this trend.
However, investors should be cautious. The transition to reclaimed refrigerants will likely face challenges, including potential resistance from manufacturers of virgin refrigerants and the need for significant infrastructure investments. The success of this shift will depend on supportive policies and industry-wide adoption.
Long-term, this trend could reshape the competitive landscape of the HVAC industry. Companies that adapt quickly to the circular economy model for refrigerants may see improved margins and market share. Investors should monitor policy developments, industry partnerships and technological advancements in refrigerant reclamation when evaluating opportunities in this sector.
Hudson Technologies partners with RMI to launch pivotal report comparing the climate impact of R-410A refrigerant reclamation to the manufacture of virgin refrigerants.
WOODCLIFF LAKE, N.J., Sept. 17, 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 sponsored a report released today by RMI (founded as Rocky Mountain Institute) assessing the emissions reduction impact of the implementation of R-410A refrigerant reclamation in the United States residential HVAC sector. The report finds that lifecycle greenhouse gas emissions can be reduced by up to
The residential air conditioning and heat pump (ACHP) market and the installed base are currently predominantly served by newly manufactured, virgin R-410A, which is a high global warming potential (GWP) refrigerant. The Environmental Protection Agency’s Technology Transition Rule will prohibit the manufacturing of R-410A for new residential equipment beginning in 2025, as it promotes the sector’s transition to new equipment that requires lower-GWP refrigerants. However, a bridge is necessary to provide an orderly transition and to allow the current installed base of equipment to achieve its economic life, consisting of approximately the next 20 years. RMI’s report illustrates how R-410A reclamation mandates to service the existing installed base significantly reduce greenhouse gas emissions and can serve as a viable, climate-friendly solution to meet market demand for R-410A with reduced need for further virgin R-410A manufacturing as the industry evolves to new technology and refrigerants.
“Refrigerant reclamation is an overlooked climate solution in the United States, and we are proud that Hudson is taking a leadership role in shaping the circular economy for refrigerants. As the availability of virgin R-410A decreases to meet EPA’s phasedown goals, refrigerant reclamation will be essential to meeting the demand for existing systems, limiting market disruptions, ensuring a smooth transition for consumers, and providing a significant reduction to GWP. We are pleased to partner with RMI to illuminate the significant emissions reduction role refrigerant reclamation plays in protecting our environment,” said Brian F. Coleman, President and Chief Executive Officer of Hudson Technologies.
Key report findings:
- Reclaiming R-410A can reduce lifecycle greenhouse gas emissions by up to
70% compared to producing virgin refrigerant. - Maximizing refrigerant reclamation to serve ACHP equipment in U.S. homes can avoid 7.7 metric tons of CO2 emissions by 2045–equivalent to taking 1.8 million cars off the road for a year.
- Recovering refrigerant is critical to a successful circular economy for refrigerants and supports achieving the full economic life of the installed base of equipment.
- The barriers to recovery and reclamation identified in the report would apply to other refrigerants in the sector as well.
Refrigerants are the lifeblood of air-conditioning and heat pump equipment. As the EPA implements new rules constraining the supply of high global warming potential refrigerants and requiring a transition to more climate-friendly alternatives, recovering and reclaiming R-410A refrigerant for servicing millions of existing home heating and cooling systems will be paramount. RMI is pleased to partner with Hudson Technologies and provide critical research that illustrates why we must advance policies and adopt refrigerant lifecycle best practices from around the world today. By advancing reclamation practices, policymakers and industry can support the transition to lower GWP refrigerants, reduce greenhouse gas emissions across supply chains, and protect both businesses and homeowners from potential price spikes and service disruptions,” said Ankit Kalanki, co-author of the report and global cooling expert at RMI.
Download the full report here.
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.
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 |
FAQ
What is the impact of R-410A refrigerant reclamation on greenhouse gas emissions according to the Hudson Technologies (HDSN) report?
How much CO2 emissions can be avoided by maximizing refrigerant reclamation in the US residential HVAC sector by 2045?
When will the EPA's Technology Transition Rule prohibit the manufacturing of R-410A for new residential equipment?
What role does Hudson Technologies (HDSN) play in refrigerant reclamation?
