Diversified conglomerate Honeywell International Inc (HON) recently announced that its Solstice Liquid Blowing Agent (LBA) is being used by Elastochem Specialty Chemicals in its Insulthane extreme spray foam insulation system for residential walls in Canada. However, despite the encouraging news, Honeywell shares were down on Jan 9 as overall equity market fell on global cues.
Honeywell’s next-generation blowing agent delivers environmental benefits including higher energy efficiency. Solstice LBA has 99.9% lower global warming potential than other foam blowing agents, making it one of the most energy-efficient insulation products available presently. Closed-cell spray foam insulation seals gaps, cracks and holes, making it one of the most energy-efficient insulation products.
The technology will also enable spray foam manufacturers to meet current and future energy efficiency and environmental regulation requirements in a cost effective manner. It has great potential to reduce energy consumption in the growing residential markets of Canada, industrial and commercial markets.
In the last reported quarter, residential construction investment in Canada totalled approximately $30.2 billion and is expected to grow further. Many companies are already using this Solstice LBA agent by Honeywell to reduce the climate impact and improve the energy efficiency of their products and facilitate better insulation. Apart from Solstice LBA, Honeywell's Fluorine Products business also manufactures refrigerants, gaseous blowing agents, propellants, and solvents derived from its new hydrofluoro-olefin technology that enables carbon footprint reduction without compromising on end-product performance.
Honeywell is a global diversified technology and manufacturing company with a wide range of aerospace products and services, control, sensing and security technologies for buildings, homes and industry, turbochargers, automotive products, specialty chemicals, electronic and advanced materials, process technology for refining and petrochemicals, and energy efficient products and solutions for homes, business and transportation.
Honeywell currently has a Zacks Rank #3 (Hold). Other stocks that look promising and are worth a look include Compass Diversified Holdings (CODI) Erickson Incorporated (EAC) and General Dynamics Corporation (GD), all carrying a Zacks Rank #2 (Buy).
Diversified conglomerate Honeywell International Inc (HON) recently announced that its Solstice Liquid Blowing Agent (LBA) is being used by Elastochem Specialty Chemicals in its Insulthane extreme spray foam insulation system for residential walls in Canada. However, despite the encouraging news, Honeywell shares were down on Jan 9 as overall equity market fell on global cues.
Honeywell’s next-generation blowing agent delivers environmental benefits including higher energy efficiency. Solstice LBA has 99.9% lower global warming potential than other foam blowing agents, making it one of the most energy-efficient insulation products available presently. Closed-cell spray foam insulation seals gaps, cracks and holes, making it one of the most energy-efficient insulation products.
The technology will also enable spray foam manufacturers to meet current and future energy efficiency and environmental regulation requirements in a cost effective manner. It has great potential to reduce energy consumption in the growing residential markets of Canada, industrial and commercial markets.
In the last reported quarter, residential construction investment in Canada totalled approximately $30.2 billion and is expected to grow further. Many companies are already using this Solstice LBA agent by Honeywell to reduce the climate impact and improve the energy efficiency of their products and facilitate better insulation. Apart from Solstice LBA, Honeywell's Fluorine Products business also manufactures refrigerants, gaseous blowing agents, propellants, and solvents derived from its new hydrofluoro-olefin technology that enables carbon footprint reduction without compromising on end-product performance.
Honeywell is a global diversified technology and manufacturing company with a wide range of aerospace products and services, control, sensing and security technologies for buildings, homes and industry, turbochargers, automotive products, specialty chemicals, electronic and advanced materials, process technology for refining and petrochemicals, and energy efficient products and solutions for homes, business and transportation.
Honeywell currently has a Zacks Rank #3 (Hold). Other stocks that look promising and are worth a look include Compass Diversified Holdings (CODI) Erickson Incorporated (EAC) and General Dynamics Corporation (GD), all carrying a Zacks Rank #2 (Buy).
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