PPG Industries Partners With Dow To Reduce Carbon Impact
Zacks Investment Research | Feb 05, 2020 07:37AM ET
PPG Industries Inc. (NYSE:PPG) has partnered with Dow Inc. (NYSE:DOW) and its Sustainable Future Program in order to reduce carbon impact and speed up the adoption of low carbon technologies.
Notably, the collaboration focuses on developing anti-corrosion coating products for steel, built to reduce greenhouse gas (GHG) emissions through enhanced energy efficiency while minimizing the steel infrastructure’s high maintenance costs.
Based on Dow’s next-generation polysiloxane technology, PPG’s two-coat PPG PSX coatings (with a track record of 25 years) need fewer coats to attain the same protection level compared to the conventional three-coat system. This contributes to less energy intensive production and deployment, and consequently, a reduction in GHG emissions. This is in sync with the goal of the Sustainable Future Program to develop best in class technologies that offer measurable sustainability benefits to the society.
Notably, PPG PSX coatings provide better long-term adhesion and toughness as well as weathering, corrosion and chemical resistance under even the most severe exposure conditions, compared to alternative systems. Polysiloxane needs fewer recoats over time than traditional topcoat technologies, leading to lower maintenance costs and minimizes associated environmental impact.
The portfolio of PPG PSX comprises PPG PSX 700 two-component coating, PPG PSX One single-pack acrylic siloxane and PPG PSX 805 epoxy siloxane with a satin sheen. Notably, Dow polysiloxane resin technology is utilized in each of these patented products.
Per management, the collaboration is expected to accelerate measurable change through carbon mitigation projects supported by Dow’s Sustainable Future Program. Further, this collaboration is aimed at accelerating the adoption of technologies and practices that not only cater to needs of local market but also offer carbon emission benefits, thereby, catalyzing change throughout value chains.
Shares of PPG Industries have rallied 15.5% in the past year against the Zacks Investment Research
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