Dow, OxyChem form chlorocarbon venture to meet rising refrigerants demand
Dow Chemical and Occidental Chemical (OxyChem) intend to form a joint venture to manufacture and market a new chlorocarbon solution that is a building block for advanced climate-friendly refrigerants, initially for use in automobile air conditioning systems.
The new chlorocarbon, known as HCC-1230xa, is designed to enable the efficient production of the next generation refrigerant, HFO-1234yf, that has low global warming potential (GWP) and zero ozone depletion potential (ODP), the companies said.
This alternative refrigerant is approved by the U.S. Environmental Protection Agency and meets European Union regulatory requirements for automobile air conditioning systems.
The intent of the planned joint venture is to utilize leading edge technology to produce world- scale quantities of HCC-1230xa.
This will provide the global market with a high-quality supply of the chlorocarbons necessary to meet the growing demand for next-generation, climate-friendly refrigerants, the companies said.
The formation of the joint venture is subject to negotiation and execution of definitive agreements and certain other customary conditions to closing for transactions of this type, including but not limited to the receipt by each party of requisite internal approvals, and the receipt of necessary regulatory approvals.
Comments