The global economy is often compared to an engine: With adequate fuel, it revs and roars; without it, it spits and sputters Sponsored by honeywell
The global economy is often compared to an engine: With adequate fuel, it revs and roars; without it, it spits and sputters.What constitutes the perfect fuel source is the subject of much debate. Energy is essential, of course. Banking and capital also are critical. And then there are workers, on whose shoulders economic output quite literally rests. If you were to inspect the pipeline that fuels the modern economy, you might be surprised by what you find.
Because oil refineries rely on refrigeration to maximize their output, gas prices would quickly climb. Without refrigeration, we’d be living in the Dark Ages. What makes refrigerant so valuable, however, isn’t just what it prevents: the spoiled food supply chain or the industrial and office worker from being sweaty and tired; it literally creates commerce, community and absolute increase in the quality of life.
In fact, since launching its Solstice line of HFO refrigerants in 2012 and through its global adoptions in applications like automotive and commercial air conditioning and supermarket refrigeration, Honeywell’s HFOs have prevented more than 200 million metric tons of greenhouse gas emissions. That’s equivalent to the emissions from more than 42 million cars, the emissions produced by powering 19 million homes or the sequestration of carbon by 77.5 billion trees.
HFOs also are present in commercial air-conditioners, and will eventually be used in homes thanks to Solstice N41, a new, revolutionary non-flammable HFO variant that Honeywell is pioneering for residential air-conditioners and heat pumps. Because that R&D will yield new and improved uses for HFO refrigerants, what starts with scientists, engineers and technologists ultimately will flow downstream to field technicians. In fact, the U.S. Bureau of Labor Statistics estimates that the HVACR workforce will grow by over 5% in the next decade, from approximately 248,000 HVACR contractors in 2019 to 262,000 in 2029.
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