The Board of Directors of SRF Ltd. (Gurgaon, India; www.sfr.com), an intermediate chemicals manufacturer and a leader in refrigerant gases, approved an investment proposal for setting up of a pilot plant to manufacture next generation refrigerant gas, HFO 1234yf. The breakthrough initiative will make SRF the first technology developer outside U.S. and Europe for manufacture of HFO 1234yf, which is expected to find increasing use in car air-conditioning systems globally in future.
By venturing to develop its own process through strong and proven in-house R&D capabilities in refrigerant gases and high value fluorine based products, SRF has further reinforced its expertise and demonstrated its leadership in this niche domain. The in-house technology will also allow SRF to manufacture, brand and sell HFO 1234yf in India and in global markets and also develop other HFO refrigerants in future. The capex for setting up a pilot facility for HFO 1234yf is a milestone step in SRF’s journey towards becoming an R&D based chemical manufacturer at the world stage.