Hudson Technologies Commends Obama Administration Executive Actions and Partnership with Private Sector on New Commitments to “Slash Emissions of Potent Greenhouse Gases and Catalyze Global HFC Phase Down”
Hudson Technologies (NASDAQ:HDSN) applauds the recent White House announcement regarding new private sector commitments and executive actions to reduce emissions of hydroflourocarbons (HFCs). The announcement was made on Tuesday, September 16 at a White House event where John Podesta, Counselor to President Barack Obama; Gina McCarthy, U.S. Environmental Protection Agency (EPA) administrator; Dr. Ernest Moniz, U.S. Secretary of Energy; and Todd Stern, U.S. Special Envoy for Climate Change detailed the administration’s continued commitment to slow the effects of climate change through executive actions in support of reducing HFC emissions.
Additionally, the EPA announced three new actions that will “support a smooth transition to climate friendly alternatives to HFCs” including, identifying refrigerant management options to reduce HFC emissions from air conditioning and refrigerant equipment. Hudson is a leader in reclamation, which the Company views as an essential component to responsible refrigerant management.
The White House specifically addressed engaging stakeholders on Refrigerant Management Regulations, stating, “EPA received a petition from the Alliance for Responsible Atmospheric Policy to create consistent refrigerant management regulations by applying the same rules that already exist for ozone-depleting refrigerants to HFCs. EPA recognizes that refrigerant management is an important way to reduce climate-damaging emissions from equipment used for air-conditioning and refrigeration, and will engage with stakeholders as it explores options for addressing the petition.”
Kevin Zugibe, Chairman and CEO of Hudson Technologies, stated, “This is a significant development for our industry, reiterating the commitment of the Administration and private industry to take aggressive steps to slow climate change through the reuse and reclamation of HFCs. We are currently in the midst of a phase out of R-22, and these commitments and executive actions look beyond R-22 to next generation HFCs. Hudson has long been a supporter of the phase down of global warming gases. We believe reclamation is the cornerstone to responsible refrigerant management and we offer responsible solutions as, over time, systems are converted to the next generation products. We currently reclaim HFCs and have the capabilities to reclaim the next generation products so we are positioned to be a key player in supporting an orderly phase out as this evolves.”
Below is a link to the White House Fact Sheet entitled: “Obama Administration Partners with Private Sector on New Commitments to Slash Emissions of Potent Greenhouse Gases and Catalyze Global HFC Phase Down”:
About Hudson Technologies
Hudson Technologies, Inc. is a leading provider of innovative solutions to recurring problems within the refrigeration industry. Hudson’s proprietary RefrigerantSide(R) Services increase operating efficiency and energy savings, and remove moisture, oils and other contaminants frequently found in the refrigeration circuits of large comfort cooling and process refrigeration systems. Performed at a customer’s site as an integral part of an effective scheduled maintenance program or in response to emergencies, RefrigerantSide(R) Services offer significant savings to customers due to their ability to be completed rapidly and at higher purity levels, and can be utilized while the customer’s system continues to operate. In addition, the Company sells refrigerants and provides traditional reclamation services to the commercial and industrial air conditioning and refrigeration markets. For further information on Hudson, please visit the Company’s web site at www.hudsontech.com.
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