Charlotte, North Carolina, April 17, 2024 – Honeywell (Nasdaq: HON) today announced that Honeywell's Solstice® ze refrigerant increases the energy efficiency of Q-REF's KIBO chillers by 46% compared to traditional ammonia-based solutions.[1] The collaboration with Q-REF supports Honeywell's recently announced plan to align its portfolio around three attractive megatrends, including the energy transition.
As the need for cold storage capacity increases in Europe and around the world, so too does the need for energy, as electricity costs account for 50-70% of cold storage and logistics spending.[2] For many retailers and food producers, cold storage has a significant impact on Scope 3 emissions, and the use of more energy-efficient technologies can help meet decarbonization goals.
Benoit Duparc, CEO of Q-REF said: “Thanks to Honeywell Solstice, our KIBO chiller with Danfoss Turbocore compressor technology reaches energy efficiency levels unprecedented in the cold storage industry.” “KIBO cans are 30% more efficient than traditional ammonia chillers. Despite its small size and light weight, we are now able to save nearly 20% on maintenance work.
In 2019, the European Union adopted “energy efficiency first” principles as part of its European Green Deal strategy and announced Fit for 55, with the goal of reducing greenhouse gas emissions by 55% by 2030. . Honeywell's Solstice technology helps Q-REF customers. Contributing to Europe's ambitious emissions targets while complying with the latest revisions to the F-Gas regulation.
“As the transition to lower global warming potential refrigerants continues, Honeywell is accelerating innovation to develop reliable alternatives that reduce carbon emissions and improve energy efficiency, safety and performance. ” said Julien Soulet, Vice President and General Manager, EMEA, Honeywell Advanced Materials. “Honeywell Solstice technology supports manufacturers like Q-REF in developing efficient cooling equipment that meets Europe's increasing regulatory goals for energy consumption.”
Honeywell has invested more than $1 billion in the research, development and creation of new capabilities for Solstice technology, which currently has applications in refrigerants, blowing agents, aerosols, solvents and in metered dose inhalers. Expanding its use is also being evaluated. Since its introduction in 2011, the use of Honeywell's Solstice technology has reduced the potential emissions of more than 326 million metric tons of carbon dioxide equivalent into the atmosphere and the emissions from approximately 70 million gasoline-powered passenger vehicles annually. helped avoid the possibility of[3]
About Honeywell
Honeywell is an integrated operating company serving a wide range of industries and regions around the world. Our business is aligned with his three powerful megatrends: automation, the future of aviation, and energy transition, powered by the Honeywell Accelerator operating system and Honeywell Connected Enterprise integrated software platform. As a trusted partner, we help organizations solve the world's toughest and most complex challenges, delivering practical solutions through our Aerospace Technology, Industrial Automation, Building Automation, and Energy and Sustainability Solutions business segments. and innovations that help make the world smarter, safer and more sustainable. . For more news and information about Honeywell, visit www.honeywell.com/newsroom.
[1] Performance comparison between turbo cooling unit and NH3 unit. Optinergy, April 2023.
[2] Based on a recent study in the UK, it is estimated that cold storage warehouses generate over 6% of the total emissions from refrigeration energy consumption in the food chain over that time (Foster et al., 2022: Baseline Refrigeration Emissions in South Bank University (UK, London).
[3] Calculations are based on actual sales of Solstice products in pounds from January 2010 to December 2022 and use the EPA GHG Equivalency Calculator for conversion.
