PEARL RIVER, NY – March 19, 2014 – Hudson Technologies, Inc. (NASDAQ: HDSN), announced that on March 10, 2014, the comment period closed for the Environmental Protection Agency’s (EPA) proposed rule pertaining to allowances for virgin production of HCFCs, primarily R-22, for 2015 through 2019. The vast majority of the comments posted on the EPA’s website support a more aggressive approach to further limiting virgin R-22 allocations for the 2015-2019 time period than the EPA’s preferred method.
The EPA’s preferred method, according to the proposed rule, would provide for virgin R-22 allowances of approximately 30 million pounds in 2015, 24 million pounds in 2016, 18 million pounds in 2017, 12 million pounds in 2018 and 6 million pounds in 2019, with a final ban of all production effective January 1, 2020.
Kevin Zugibe, Chairman and CEO of Hudson Technologies, noted,
“Based on the comments posted to the proposed rule, there is strong support from nearly all segments of the industry, including Hudson, for an even more aggressive phase down of HCFC-22 than the preferred method proposed by the EPA, with only one commenter requesting a more modest phase down. This broad industry support was further recognized by 39 members of Congress who in February signed a letter urging the EPA to adopt a faster phase down schedule.”
A final rule, which is expected to be issued later this year following the EPA’s review and analysis of comments received, will provide the HCFC allowances for years 2015 through 2019.
Comments to the proposed rule are available at: http://www.regulations.gov/#!docketBrowser;rpp=50;so=ASC;sb=postedDate;po=0;D=EPA-HQ-OAR-2013-0263
Letter from members of Congress available at: