Abstract: An improved composition of matter and method for neutralizing acid in air conditioning or refrigeration systems is disclosed. An acid neutralizing substance (such as an alkali metal hydrate) is supersaturated into an anhydrous alcohol to form an alkaline solution. The solution is then mixed with a lubricating oil, and the resulting mixture introduced into a refrigerant compressor system on the high pressure side of the compressor. The improved composition and method can also be utilized to prevent the formation of acid in a compressor system. The improved composition is also used to neutralize any acid in refrigerants prior to disposal. The improved composition is also used to neutralize any acid in recycled refrigeration oil prior to reuse of the oil.