EUROPE – Chemours, the American-based chemical group, has announced that it is to increase its prices for six refrigerants including a rise of 15% for 404A. The refrigerant 507 will also see its price rise by 15% while the price of refrigerants 407A, 407C, 410A and 134a will all increase by 10%.
These price increases in the EU, which come into effect from the 1st of January, or as allowed by contractual commitments, are a reaction to the F-Gas regulation, which has reduced the amount of HFCs that can be placed on the European Union market, on a CO2-equivalent basis, by 7% in 2016 compared to 2015.
The company released a statement stating “Chemours is well-positioned to help the market achieve this transition, not only with existing HFC products, but also with its Opteon range of low-GWP refrigerant solutions.
“These include products such as Opteon XP40 and Opteon XP44, which are commercially available and successfully used in hundreds of systems today.