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Spain threatens tax on HFCs

SPAIN: A proposal by Spain's Ministry of Finance to impose a special tax on HFCs could increase the price of refrigerant by almost eight-fold in an economy still struggling to recover following last year's European bail-out.
Spain threatens tax on HFCs
The fluorocarbon tax is expected to raise Euro340m and forms part of a number of tax revisions which includes tax increases on alcohol and tobacco and the elimination of deductions to large corporate companies. In total Euro4.7bn per year is expected to be raised in a country where the black economy accounts for 20% of its GDP - second only in Europe to Italy's 21%.

According to the Spanish website El Confidencial, industry associations held emergency meetings last week over the new tax which could apply a tax as high as Euro76/ kg.

The special tax on fluorinated greenhouse gases could enter into force in 2014.

Coronavirus industry update

UPDATED 22 April: In response to the Coronavirus pandemic, manufacturers, wholesalers and distributors are issuing statements regarding their operations as the situation evolves. The most up to date information from each company is listed below and ...

  25-Mar-2020

High temperature CO2 heat pump increases hot water efficiency

Mitsubishi Electric has announced the launch of a new commercial heating system running on CO2 (R744) to deliver hot water up to 90°C and help businesses increase the efficiency of hot water production whilst significantly reducing their carbon ...

  21-Sep-2020

Fridge Freezer Direct Introduces J & E Hall's range of Cellar Cooling

Reliable and energy efficient, the JCC range of cellar coolers are designed to be used in wine and beer cellars above or below ground.
  21-Sep-2020
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