Final answer:
Reclamation is the process that purifies refrigerant to new product specifications, ensuring it meets AHRI-700 standards for purity.
Step-by-step explanation:
The process that returns refrigerant to new product specifications and requires chemical analysis to verify the purity to AHRI-700 standards is known as reclamation. This process is crucial for maintaining the quality and efficiency of refrigerants used in HVAC systems. Moreover, reclamation ensures that refrigerants are cleaned to a level that meets industry specifications, which is essential for promoting sustainability and reducing environmental impact.