The Biden administration has today announced that the Environmental Protection Agency will release a new rule to phase down HFCs by 85% within the next 15 years.

The private equity firm behind last week’s acquisition and merger of two Canadian commercial refrigeration equipment companies is eyeing “multiple acquisitions” in the US, Europe and Latin America.

Reports from China reveal a surge in August in the price of commonly used refrigerants such as R134a, R125, and R410A.

The Union Cabinet of India, chaired by Shri Narendra Modi, the prime minister, has given its approval for the ratification of the Kigali Amendment to the Montreal Protocol.

The VKE, Norway’s refrigeration and air conditioning association, has warned its members that proposals to restrict per- and polyfluoroalkyl substances could signal the end for synthetic refrigerants in Europe.

High prices from Chinese refrigerant producers combined with freight and transport problems created some uncertainty in the market at the beginning of this year.

Carrier estimates that its introduction of more energy efficient technologies and lower GWP refrigerants has led to the avoidance of 68 million tonnes of GHG emissions in 2020.

The European chemical trade association, CEFIC, has admitted that it is unclear what HFC and HFO refrigerants are included in the new REACH regulation proposals.

SPAIN: Action by Spanish police and the European Fraud Office has led to the arrest of five people and the seizure of more than 27 tonnes of illegal HFC refrigerant.