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EU: Commission enforces fair chemical pricing

 |  March 5, 2014

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The European Commission is reportedly set to lodge a complaint against energy technology firms Honeywell and DuPont over business practices in their production of an eco-friendly chemical, say reports.

While the exact reasons for the expected objection were not reported, the Commission first launched an investigation into the company following a complaint by French rival Arkema over allegations the companies charged unfair licensing fees for other companies to produce the chemical. The chemical, used as a car coolant, is currently the only such chemical that meets EU greenhouse-gas emissions standards.

According to one source, the Commission is set to issue a statement of objections to the companies as soon as next month.

Experts say the chemical is priced significantly higher than its predecessor.

Full Content: Bloomberg

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