The F-gas regulation-driven market provides a strong driver for future growth, said one of the leading installers of air conditioning, heating, ventilation and chilled water systems.
Commenting on its recently-signed nine-year F-gas compliance contract with IHG Managed Services, part of the Intercontinental Hotels Group, Peter Worthington, chairman of Worthington Nicholls Group, said:
“Having secured our first F-gas contract recently, we believe this regulation-driven market will be a strong driver for future growth, and we are devoting considerable marketing and sales resources to this opportunity.”
“Worthington Nicholls sees the R22 replacement market as a very significant potential driver of new growth, the market for which independent analysts value at over £7 billion in the UK alone.”
Mr Worthington added that the contract was a key milestone in Group’s development, because it was the first major contract that would enable it to help its client comply with the new European Union (EU) F-gas legislation.
EU F-gas regulation demands the phasing out and replacement of R22 refrigerant gasses with more environmentally-friendly alternatives. It came into force in Europe on July 4 2007.