Ingersoll Rand announced that it received three Product and Project of the Year awards from Environmental Leader at the fifth annual Environmental Leader Conference in Denver. The honored products are part of Ingersoll Rand’s EcoWise™ portfolio.

The Chemours Co. announced that its Opteon™ XP30 refrigerant has received Significant New Alternatives Policy (SNAP) listing from the U.S. Environmental Protection Agency (EPA) for new and retrofit chiller applications.

Torad Engineering LLC announced it has tested a new 40-ton spool compressor designed specifically for medium pressure refrigerants such as R-134a, as well as low and ultra-low global warming potential (GWP) refrigerants like R-513A and HFO-1234yf.

The global chillers market is forecast to grow from $8.63 billion in 2015 to $10.84 billion by 2021, increasing at a compound annual growth rate (CAGR) of 4.24 percent, according to a new report from MarketsandMarkets.

Mitsubishi Electric Corp. announced that DeLclima S.p.A., which Mitsubishi Electric achieved 100 percent ownership of on Feb. 24, has been renamed MELCO Hydronics & IT Cooling S.p.A.

Mitsubishi Electric Corp., following the acquisition of approximately 74.97 percent of the shares of DeLclima S.p.A. from De’Longhi Industrial S.A. on Dec. 23, 2015, launched a mandatory tender offer to acquire the remaining shares. Consequently, Mitsubishi Electric has completed its acquisition of all the remaining shares.