STOCK TITAN

Whole Foods Market Adopts Honeywell Technology To Reduce Carbon Footprint At U.S. Stores

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Positive)
Tags
Rhea-AI Summary

Honeywell (NYSE: HON) announced that Whole Foods Market will retrofit over 100 stores in the U.S. with its Solstice N40 refrigerant. This initiative, part of the EPA's GreenChill program, aims to significantly reduce refrigerant emissions. Solstice N40 has a global warming potential (GWP) around 68% lower than traditional refrigerants like R-404A and can lead to a 5-15% reduction in energy use. Honeywell's Solstice N40 is now widely adopted globally, with over 30,000 installations since its launch in 2015. This retrofit aligns with sustainability goals and regulatory compliance for Whole Foods.

Positive
  • Whole Foods Market will retrofit over 100 stores with Honeywell's Solstice N40 refrigerant, enhancing sustainability efforts.
  • Solstice N40 has a GWP approximately 68% lower than R-404A, aiding in compliance with environmental regulations.
  • The use of Solstice N40 has shown a 5-15% reduction in energy consumption during trials, indicating efficiency.
Negative
  • None.

MORRIS PLAINS, N.J., April 19, 2021 /PRNewswire/ -- Honeywell (NYSE: HON) today announced that global natural and organic foods retailer Whole Foods Market has adopted its Solstice® N40 (R-448A) lower global-warming-potential (GWP) refrigerant in its stores across the United States as it seeks to reduce refrigerant emissions under the U.S. Environmental Protection Agency's GreenChill program.

Whole Foods Market will retrofit their commercial refrigeration systems at more than 100 stores with Honeywell's reduced-GWP alternative, replacing high-global-warming-potential refrigerants R-404A and R-22.

Based on hydrofluoroolefin (HFO) technology, Solstice N40 offers a GWP that is approximately 68 percent lower than legacy hydrofluorocarbon (HFC) refrigerants like R-404A. When using Solstice N40,  refrigeration systems also consume less energy than their counterparts that cool using HFCs. In U.S. and European supermarket trials, in comparison to R-404A, Solstice N40 demonstrated an average of between 5 to 15% lower energy consumption in refrigeration applications. It can be used in new installations and to retrofit existing systems using high-GWP refrigerants like R-404A and R-507.

Food retailers around the world have adopted Solstice N40 to help them comply with current and proposed regulations, including the internationally adopted Kigali Amendment to the Montreal Protocol, with the aim of reducing the use of high-GWP HFCs. Solstice N40 is the most widely accepted, lowest GWP, nonflammable replacement for R-404A, with more than 30,000 installations globally since its release in 2015.

"In the past decade, we've implemented several innovative measures to reduce our CO2 emissions, and the use of Honeywell's refrigerant to retrofit our stores will contribute significantly to this goal," said Mike Ellinger, Principal Program Manager-Engineering, Compliance and Sustainability, of Whole Foods Market. "After reviewing all of our available retrofit options for our refrigerated cases, R-448A was the clear winner, based on its performance, energy efficiency, reduced GWP and ease of conversion."

Whole Foods Market is a founding member and active participant in the EPA's GreenChill Partnership, with 12 stores certified. The GreenChill program is a partnership with food retailers to reduce greenhouse gas emissions by using alternative solutions and minimizing refrigerants that deplete the ozone.

"Solstice N40 has become the trusted choice for both commercial and industrial refrigeration customers globally to meet sustainability goals, and we are proud to assist the industry in moving toward the future with environmentally preferable and energy-efficient refrigerants," said Chris LaPietra, vice president, Honeywell Stationary Refrigerants. "Solstice N40 will help Whole Foods Market lower its carbon footprint, save energy and meet regulatory requirements without having to undertake massive changes to its systems."

Honeywell is a world leader in the development, manufacture and supply of refrigerants that are sold worldwide under the Solstice® and Genetron® brand names for a wide range of applications including refrigeration and air conditioning for buildings and automobiles. Honeywell and its suppliers have completed a billion-dollar investment program in research, development, and new capacity for Honeywell's hydrofluorolefin technology. Worldwide adoption of Solstice products has resulted in the reduction of more than 200 million metric tons of CO2 to date, equal to eliminating the emissions from more than 42 million cars.

Whole Foods Market has been the world's leading natural and organic foods retailer for 40 years. As the first national certified organic grocer, Whole Foods Market has more than 500 stores in the United States, Canada and the United Kingdom. To learn more about Whole Foods Market, please visit https://media.wholefoodsmarket.com/

Honeywell recently committed to achieve carbon neutrality in its operations and facilities by 2035. This commitment builds on the company's track record of sharply reducing the greenhouse gas intensity of its operations and facilities as well as its decades-long history of innovation to help its customers meet their environmental and social goals. About half of Honeywell's new product introduction research and development investment is directed toward products that improve environmental and social outcomes for customers.

Honeywell (www.honeywell.com) is a Fortune 100 technology company that delivers industry specific solutions that include aerospace products and services; control technologies for buildings and industry; and performance materials globally. Our technologies help everything from aircraft, buildings, manufacturing plants, supply chains, and workers become more connected to make our world smarter, safer, and more sustainable.  For more news and information on Honeywell, please visit www.honeywell.com/newsroom.

This release contains certain statements that may be deemed "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of historical fact, that address activities, events or developments that we or our management intends, expects, projects, believes or anticipates will or may occur in the future are forward-looking statements. Such statements are based upon certain assumptions and assessments made by our management in light of their experience and their perception of historical trends, current economic and industry conditions, expected future developments and other factors they believe to be appropriate. The forward-looking statements included in this release are also subject to a number of material risks and uncertainties, including but not limited to economic, competitive, governmental, and technological factors affecting our operations, markets, products, services and prices. Such forward-looking statements are not guarantees of future performance, and actual results, developments and business decisions may differ from those envisaged by such forward-looking statements. We identify the principal risks and uncertainties that affect our performance in our Form 10-K and other filings with the Securities and Exchange Commission.

Global media contact:
Tehani Manochio 
(973) 216-0684 
tehani.manochio@honeywell.com    

 

Cision View original content:http://www.prnewswire.com/news-releases/whole-foods-market-adopts-honeywell-technology-to-reduce-carbon-footprint-at-us-stores-301270815.html

SOURCE Honeywell

Honeywell International, Inc.

NASDAQ:HON

HON Rankings

HON Latest News

HON Stock Data

150.77B
649.61M
0.09%
80.66%
1.29%
Conglomerates
Aircraft Engines & Engine Parts
Link
United States of America
CHARLOTTE