World's Largest Appliance Manufacturer To Use Honeywell's Low-Global-Warming-Potential Insulating Material In Energy-Efficient Refrigerators

Press Release:

9/18/2014

World's Largest Appliance Manufacturer To Use Honeywell's Low-Global-Warming-Potential Insulating Material In Energy-Efficient Refrigerators

China-based Haier will use Solstice® Liquid Blowing Agent in large-capacity refrigerators MORRIS TOWNSHIP, N.J., Sept. 18, 2014 /PRNewswire/ -- Honeywell (NYSE: HON) announced today that Haier, the world's largest appliance manufacturer, will adopt Honeywell's new low-global-warming-potential Solstice® Liquid Blowing Agent in China to help insulate and increase the energy efficiency of its refrigerators. Blowing agents such as Solstice LBA allow closed-cell polyurethane foam insulation to expand and provide the majority of the foam's excellent insulating properties. Solstice LBA can help home appliance manufacturers achieve an 8-10 percent energy efficiency improvement compared with cyclopentane, which is widely used as a blowing agent in appliance insulation. "Honeywell is committed to developing technologies that help our customers produce energy-efficient appliances that are great for consumers and better for the environment," said Sanjeev Rastogi, business director for Honeywell Fluorine Products.  "For the past three years, we have been working  with Haier under their Open Innovation System to transition to Solstice LBA, and we congratulate Haier on being at the forefront of introducing refrigerators that are both highly energy efficient and low in environmental impact."  Solstice LBA has an ultra-low global warming potential of 1, which is 99.9 percent lower than HFC-245fa, a commonly-used blowing agent. "Our collaboration with Honeywell is more than just a sourcing relationship – our Open Innovation System has created a win-win partnership that is bringing quality and energy-efficient products to customers," said Haier.  The foam insulation used in the Haier refrigerators is formulated and manufactured by Dow Chemical. "The use of Honeywell's Solstice LBA in our foam is helping Haier improve the energy efficiency of its refrigerators, which is beneficial not only to customers and manufacturers, but to society as a whole," said Si-Ho Lee, Asia-Pacific technical service and development manager at Dow. Solstice LBA is being adopted by residential and commercial appliance manufacturers worldwide to reduce their environmental footprint and comply with environmental and energy efficiency regulations. Solstice LBA is nonflammable and is not a volatile organic compound. It is approved by the U.S. Environmental Protection Agency under the Significant New Alternatives Policy (SNAP) Program and is also registered under the European Union's REACH program. Honeywell's new world-scale production capacity manufacturing plant for Solstice LBA started up in May 2014. Blowing agents from Honeywell can be used in a wide range of applications, including spray foam insulation, household refrigerators and freezers, insulated architectural panels, and refrigerated shipping containers. In addition to Solstice LBA, Honeywell's family of Solstice-branded products includes stationary and mobile refrigerants, gaseous blowing agents, propellants, and solvents based on Honeywell's new hydrofluoro-olefin technology that helps customers lower their carbon footprint without sacrificing end-product performance. The Solstice products have been developed and are being commercialized by Honeywell's Fluorine Products business, a leader in the manufacture and supply of non-ozone-depleting refrigerants used by top air-conditioning and refrigeration makers worldwide, and blowing agents for energy-efficient foam insulation, as well as hydrofluoric acid and precursors for nuclear fuel. Honeywell Performance Materials and Technologies (PMT) is a global leader in developing advanced materials, process technologies and automation solutions. PMT's Advanced Materials businesses manufacture a wide variety of high-performance products, including environmentally friendlier refrigerants and materials used to manufacture end products such as bullet-resistant armor, nylon, computer chips and  pharmaceutical packaging. Process technologies developed by PMT's UOP business (www.uop.com) form the foundation for most of the world's refiners, efficiently producing gasoline, diesel, jet fuel, petrochemicals and renewable fuels. PMT's Process Solutions business (www.honeywellprocess.com) is a pioneer in automation control, instrumentation and services for the oil and gas, refining, pulp and paper, industrial power generation, chemicals and petrochemicals, biofuels, life sciences, and metals, minerals and mining industries. Honeywell (www.honeywell.com) is a Fortune 100 diversified technology and manufacturing leader, serving customers worldwide with aerospace products and services; control technologies for buildings, homes, and industry; turbochargers; and  performance materials.  For more news and information on Honeywell, please visit www.honeywellnow.com. 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. SOURCE Honeywell