What’s happening in refrigerant August 2019?
- Refrigerant prices take a slight dip as NZU drops – with the market waiting on expected increases with the outcomes of the government’s review of the ETS.
- 1 January 2020 sees the HFC refrigerant phase down begin with the first step a 15% reduction in synthetic F Gas refrigerants as HFCs in New Zealand are reduced by 85 percent by 2036.
- R404a refrigerant stocks are coming under pressure and this will become an increasing issue given its high GWP. We are urgently recommending reviewing R404a systems to ensure they have a natural refrigeration transition plan and contingency plans for refrigerant supply in the short term.
- Transitional refrigerants are showing reductions in cooling performance and the choice of interim refrigerants when retrofitting is important; with the lifecycle of interim refrigerants becoming shorter. For example, R407F – introduced just 4 years ago, is already being withdrawn.
This will impact costs as systems require further retrofitting and total costs in planning for transitions to investments in natural systems should take this into account.