EPA ISSUES FINAL HCFC ALLOCATION
RULE
SUPPLY OF NEW HCFCS REDUCED TO
80% OF SERVICE DEMAND IN 2010 WITH FURTHER ANNUAL REDUCTIONS THROUGH
2014
pearl river, ny – December 17, 2009 –
Hudson Technologies, Inc. (NASDAQ: HDSN), a leading distributor and
reclaimer of refrigerants as well as a provider of proprietary
on-site decontamination services for large comfort and process
cooling systems, announced that on December 15, 2009 the United
States Environmental Protection Agency (“EPA”) published its final
allocation rule for the production and consumption of all
Hydrochlorofluorocarbon (“HCFC”) refrigerants. Under this new rule,
which is effective January 1, 2010, the total United States HCFC
“consumption” in 2010, which includes all HCFC production and
importation, will be reduced to approximately 110 million pounds.
The EPA has estimated the 2010 U.S. demand for HCFCs to be
approximately 138 million pounds. Therefore the estimated servicing
demand for HCFCs will exceed the available supply by approximately
20%, or more than 27.5 million pounds. Reclaimed and recycled
refrigerant is expected to fill this supply gap. Additionally, the
annual consumption of new HCFCs will be further reduced by an
additional 10 million pounds each year from the previous year for
2011 through 2014. With these step downs, by 2014 the demand for
HCFCs is expected to exceed the available supply by approximately
29%.
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Hudson Technologies Announces New All Inclusive Refrigerant
Reclamation Program Designed to Optimize Servicing Needs for Fast
Approaching HCFC Phase Out
Pearl River,
NY –
January 26, 2009 -
Hudson Technologies, Inc., a leading refrigerant services company
specializing in reclamation of refrigerants and proprietary on-site
decontamination services for large comfort and process cooling
systems, has announced an all inclusive, full service reclamation
program to assist Wholesalers in maximizing the effectiveness of
their programs for the reclamation and recycling of HCFC
refrigerants. The Hudson Platinum Reclamation Program promotes the
reclamation of HCFC refrigerants to ensure future industry servicing
needs can be met.
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