The Industrial coatings business of
PPG Industries Inc.
) has secured an award worth $224,000 by the U.S. Department of
Energy (DOE) to help develop dark-colored pigments for cool metal
roof and facade coatings that incorporate near-infrared (NIR)
fluorescence and reflectance to improve energy performance.
The amount rewarded is part of a $530,000 project that includes a
$250,000 award to the Lawrence Berkeley National Laboratory
(Berkeley Lab) to partner with PPG on the research and $56,000 in
cost-sharing by the company.
The PPG and Berkeley Lab program's aim is to develop a more
advanced class of dark-colored pigments that can convert a
portion of the absorbed visible light energy into NIR energy that
is radiated away from buildings.
PPG and Berkeley Lab expect the new pigment technology to be a
more advanced technology over its competitors as it is estimated
to achieve effective solar reflectance (ESR) values of 0.5 to 0.7
compared with ESR values of 0.1 to 0.3 for standard pigments.
The widespread distribution of coatings with pigments of improved
ESR value for residential applications in warm and hot areas of
the U.S. is expected to conserve energy and save up to $1.3
billion annually in related energy costs.
PPG and Berkeley Lab are focused on fundamentally understanding
these pigments through extensive research and implementation of
the outcomes into coatings so they can provide the greatest
energy benefit. DOE's support in this initiative will help to
bring out cutting-edge energy-efficient concepts.
Currently, PPG has also collaborated with Berkeley Lab's Heat
Island Group and Berkeley Lab's Windows & Daylighting group
to study the effects of dirt build-up on cool roof coatings and
to examine energy-efficient window designs respectively.
PPG Industries currently carries a Zacks Rank #2 (Buy).
Other companies in the chemical industry worth considering
The Dow Chemical Co.
). While Methanex holds a Zacks Rank #1 (Strong Buy), both Dow
and Olin carry a Zacks Rank #2 (Buy).
DOW CHEMICAL (DOW): Free Stock Analysis
METHANEX CORP (MEOH): Free Stock Analysis
OLIN CORP (OLN): Free Stock Analysis Report
PPG INDS INC (PPG): Free Stock Analysis
To read this article on Zacks.com click here.