Benzinga | Nov 17, 2021 02:38PM EST

Honeywell Expands Baton Rouge Facility To Support Solstice Growth

* Honeywell International Inc (NASDAQ:HON) is expanding its facility in Baton Rouge, Louisiana, to double the capacity of its Solstice ze (1234ze), an ultra-low-global-warming-potential (GWP) solution.

* Solstice ze is used in foam insulation, as a propellant in personal and household care products, and refrigeration and air conditioning applications.

* Honeywell plans to invest significant capital in the facility to grow Solstice ze, which is part of its Solstice line of products based on hydrofluoroolefin (HFO) technology.

* Honeywell has already invested over $1 billion in research, development, and new capacity for its Solstice technology, having anticipated the need for lower-GWP solutions to combat climate change more than a decade ago.

* Price Action: HON shares are trading lower by 0.74% at $219. on the last check Wednesday.