Honeywell, DuPont may receive EU antitrust complaint over car coolant

|About: Honeywell International, Inc. (HON)|By:, SA News Editor

Honeywell (HON +1.1%) and DuPont (DD +1.9%) reportedly face a European Union complaint for violating antitrust rules over the only car coolant chemical that currently meets new EU standards on greenhouse gas emissions.

It’s a new twist in a long-running saga over the HFO-1234yf chemical, which is expected to be a cash cow for the two companies, as it replaces ozone-depleting alternatives that can’t be included in new vehicles sold in the EU starting in 2017.

The new chemical is considered more expensive than its predecessor, and "with patent-protected supply plus a more expensive manufacturing process, a price premium will exist for some time,” an analyst says.