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Global Fluorspar Market Expected to Reach USD 2,612 Million by 2027

Global Fluorspar Market Expected to Reach USD 2,612 Million by 2027
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Federal spending bill includes support for coastal projects, Louisiana-produced chemicals

Sandwiched into the end-of-year Congressional spending package that includes $900 billion in pandemic relief is a measure that supports a LouisianaÂ chemical manufacturer and another that could allow the state to avoid hundreds of millions of dollars worth of interest it owes the federal government.Â
Legislation mandating a reduction in the use of hydrofluorocarbon refrigerants, co-authored by Sens. John Kennedy, R-La., and Tom Carper, D-Del., was included in the $1.4 trillion spending package that passed through Congress along with the COVID-19 relief plan Tuesday.
The requirements, which will cut production and use of the refrigerants known as HFCs by 85% over the next 15 years, are expected to mean an uptick in the use of a different refrigerant,Â hydrofluoroolefin, or HFO. ....

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