Honeywell partners with Navin Fluorine to add Hydrofluoroolefins (HFO) manufacturing capacity in India

28 Jan 2022 , 12:20 PM

Navin Fluorine International Limited, a significant arm of Padmanabh Mafatlal Group, announced that the company has entered into a partnership to manufacture Honeywell’s proprietary Solstice range of hydrofluoroolefins (HFO) in India.

The company shall commence production by Q2-2022 at NFIL’s manufacturing facility in Gujarat.

In the regulatory filing, the company said this portfolio of next-generation products has no ozone depletion potential and a global warming potential (GWP) of 1, thereby aiding customers in minimizing their carbon footprint without compromising with the outcome of their end product. These products have various uses, including blowing agents for foam insulation and refrigeration liquid for chillers.

“Many countries have a plight to be carbon neutral and advance technologies to help them meet their sustainability goals. This partnership will help these countries — including developing countries — to transition to better alternative HFOs from the more harmful hydrofluorocarbon (HFC) and hydrochlorofluorocarbon (HCFC) options that are currently available,” said Laura Reinhard, VP-GM, Advanced Materials FIP, Honeywell commenting on the partnership.

“This partnership between Honeywell and Navin Fluorine reflects the company’s faith in Navin Fluorine’s capabilities to execute such complex, technical projects. We believe this project will be a good beginning to a long-term relationship between the two companies. We are also looking forward to working with Navin Fluorine to build a number of new, local applications for the Indian market,” she added.

Navin Fluorine is currently trading at Rs3,940.40 up by Rs205.1 or 5.49% from its previous closing of Rs3,735.30 on the BSE. The scrip opened at Rs3,723.75 and has touched an intraday high and low of Rs4,033.15 and Rs3,723.75 respectively.