# Hudson Technologies Hudson Technologies is an Asset Manager based in Pearl River, United States. ## Overview - **Organization type:** Asset Manager - **Headquarters:** Pearl River, United States - **Region:** North America - **Address:** Pearl River, NY, United States - **Founded:** 1991 - **Assets under management:** Undisclosed - **Website:** hudsontech.com ## Regulatory record - **Reports private funds:** No ## About Brian Coleman, who joined in 1997, became CEO in 2010 and presides over a company shaped entirely by the Montreal Protocol and its aftermath. Hudson was founded the year after the Clean Air Act Amendments created a regulatory cliff for CFCs. Its business model was built to capture the replacement wave — buying used refrigerant, decontaminating it at its facilities, and reselling reclaimed product into a market where virgin supply is incrementally capped by the EPA's HFC phasedown schedule, finalized in 2021. Hudson operates a network of recovery and reclamation facilities, anchored by a large plant in Champaign, Illinois, supplemented by depots that intake used refrigerant from HVAC wholesalers and contractors. The company's revenue splits across refrigerant sales and on-site services — including chiller decontamination and system retirements. In recent years, the EPA's American Innovation and Manufacturing (AIM) Act has tightened virgin HFC allowances by 40% from 2024 onward, a reduction that structurally advantages reclaimers with installed processing capacity. Hudson's direct sales to national accounts and through distribution partners give it reach across North America, with a seasonal beat that peaks during spring and summer air-conditioning service months. The company remains modestly scaled, acquiring smaller reclamation peers and service shops over time rather than pursuing transformative M&A. In May 2024, the company reported first-quarter revenue of $60 million alongside margin improvement tied to rising R-22 selling prices (per Hudson Technologies, May 2024). A related initiative includes the rollout of a proprietary refrigerant tracking software platform, Chiller Chemistry, designed to give large industrial and institutional customers — data centers, hospitals, university campuses — real-time leak and asset management, deepening on-site service stickiness. Hudson Technologies is not an energy-transition venture. It is a regulatory-arbitrage infrastructure play on the US refrigerant market — a business whose growth is written into the EPA's allowance tables. While most industrial companies treat regulation as cost, Hudson built its balance sheet inside the gap between mandated supply cuts and unreduced downstream demand. The company's public listing on NASDAQ (ticker: HDSN) and its single-product focus on circular refrigerant economics make it a rare publicly accessible proxy for phasedown-driven pricing. Its structural differentiator is the permit to reclaim — a capacity barrier enforced by permitting, equipment, and the accumulated logistics of collecting millions of pounds of spent gas from job sites across the country. ## Sectors - Industrial Tech - ClimateTech ## People - Brian F. Coleman — Chief Executive Officer and President - Stephen P. Mandracchia — Vice President and Chief Information Officer ## Questions ### What is Hudson Technologies' core business model? Hudson recovers used refrigerants, recycles them to certified purity at its facilities, and resells reclaimed R-22 and HFCs. The model is driven by EPA regulations that curtail virgin refrigerant production under the AIM Act, creating a structural pricing advantage for reclaimers with installed capacity. Revenue splits between direct gas sales and on-site service work for large industrial clients and commercial HVAC contractors. ### How does EPA regulation directly impact Hudson's revenue? The EPA's Authority to Implement (AIM) Act mandates a 40% reduction in virgin HFC production from 2024 levels, with further cuts step-down through 2036. Virgin supply quotas shrink annually, pushing buyers toward reclaimed product. Hudson sells reclaimed refrigerant at prices that tend to rise as virgin allowances contract, directly linking regulatory supply-cap tightening to per-pound revenue improvement. ### Does Hudson Technologies have a technology platform separate from its gas sales? Yes. The company operates Chiller Chemistry, a cloud-based refrigerant tracking and leak-management platform sold to large institutions — data centers, hospitals, university campuses. It provides live asset-level data, leak-rate compliance, and supply-chain optimization for industrial refrigerant buyers. The product deepens service relationships and creates switching costs for large customers who use the data for environmental reporting. ### How does Hudson source its used refrigerant? Hudson collects spent refrigerant through a national network of recovery depots and wholesale supply relationships with HVAC contractors, equipment demolition firms, and large institutional accounts disposing of old chiller systems. The logistics of aggregation — collecting millions of pounds from diffuse job sites — constitute a moat that new entrants cannot easily replicate without building a comparable physical footprint over many years. ## Related profiles - [Montauk Renewables](https://altss.com/profile/montauk-renewables-inc) - [Black Diamond Therapeutics](https://altss.com/profile/black-diamond-therapeutics-inc) --- Last updated: 2026-06-03T20:00:00.000Z Canonical page: https://altss.com/profile/hudson-technologies-inc-ny Maintained by Altss — https://altss.com — methodology: https://altss.com/methodology