As per a grant agreement between the U.S. Trade and Development
Agency (USTDA) and Midea - a leading manufacturer of home
appliances in China,
Honeywell International Inc
) decided to help lessen the climate impact of refrigerators and
freezers in China.
Midea and Honeywell will work together to implement its
low-global-warming-potential Solstice Liquid Blowing Agent (LBA)
technology for refrigerator insulation. Honeywell's Solstice LBA
technology has a global warming potential of 1, which is
significantly lower in comparison to hydrofluorocarbon (HFC)
blowing agents. The benefits of Solstice LBA combined with its low
environmental impact and nonflammability makes it a perfect
replacement for hydrocarbons.
Solstice LBA performs better in comparison to hydrocarbons in
refrigerator applications by delivering low-temperature efficiency,
which results in energy savings.
Honeywell's Solstice products are already in use by premium
air-conditioning and refrigeration makers globally and its blowing
agents are well known for energy-efficient foam insulation. This
project is likely to improve the environmental footprint of
appliances in China. Other products in the Solstice-branded
products range by Honeywell include stationary and mobile
refrigerants, gaseous blowing agents, propellants and solvents that
help customers lower their carbon footprint.
Honeywell is a globally diversified technology and manufacturing
company offering a wide range of products and services. These
include control, sensing and security technologies for buildings,
homes and industry, turbochargers, automotive products, specialty
chemicals, electronic and advanced materials, process technology
for refining and petrochemicals as well as energy efficient
products and solutions for homes, business and transportation.
Honeywell currently has a Zacks Rank #3 (Hold). Other stocks
that look promising and are worth a look include
Noble Group Limited
), carrying a Zacks Rank #1 (Strong Buy),
United Technologies Corp.
ITT Corporation (
), carrying a Zacks Rank #2 (Buy).
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