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It is understood that due to the impact of EU F-gas regulations, the price of refrigerants in the European market has soared since last year. The impact of F-gas quotas on the refrigerant market is still very large, but the overall increase has slowed down. The CEO of Beijer Ref believes that Prices will stabilize in the coming months.
With the introduction and implementation of the EU F-gas regulations in 2015, F-gas is controlled from three aspects: controlling the total amount of F-gas in the EU, prohibiting the use of some F-gas, and preventing the leakage of F-gas. In the case of scarcity of F-gas production facilities and tight production quotas, only a few EU domestic producers or importers and non-EU companies applying through OR have a small quota. The increase in demand for refrigerants in the European market last year led to a sharp rise in prices, and the high-priced refrigerant market even caused a lot of smuggling.
In the latest transaction data released on October 22, Beiber Ref CEO Per Bertland explained that the rise in refrigerant prices is a direct consequence of the phasing out of F-gas in Europe. He said: "At present, the price increase has slowed down and it is expected that prices will remain stable in the next few quarters."
Per Bertland said: “On this issue, our industry has a major responsibility and we must be proactive in achieving this goal. Therefore, Beijer Ref is more committed to developing eco-friendly solutions. In Europe, we are doing this kind of technology. With a long tradition and full understanding, we are teaching these technologies to companies in other states.
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