Credit: Shutterstock photoPPG Industries Inc. 's PPG protective and marine coatings business has introduced the Phenguard Pro tank coating system, which offers unparalleled benefits to shipyards and ship owners. PPG Industries built the system as a premium tank coating solution for use on IMO II and III chemical/product tankers, normally in the 30,000-60,000 pennyweight range.
The system provides potential efficiency gains of 20% for shipyards and at installation. Phenguard Pro system achieves in two layers of 125 microns what the traditional coating systems attain three layer. The coating system can be applied in temperatures as low as 5 C (41 F), which reduces costs related to heating for winter application.
For the ship owners the system provides the widest chemical resistance and the longest carriage time on the market of more than 3,400 cargoes. It provides the most flexibility to the product tanker trades.
The system is based on more than four decades of track record on over 1,500 vessels. The Phenguard Pro system uses Phenguard phenolic epoxy product technology by PPG, which has been the benchmark in the chemical-tanker market for over 40 years.
The Phenguard Pro system also offers a very smooth finish that is easy to clean, and hence, saves time and labor for cargo switching and tank cleaning. The system will also provide the ship owners with well-documented guidance and procedures for cargoes requiring prewash, thus expanding the coating life.
PPG Industries currently carries a Zacks Rank #3 (Hold).
Some better-ranked companies in the diversified chemical space include Celanese Corp. CE , Innospec Inc. IOSP and Akzo Nobel N.V. AKZOY . While Celanese and Innospec sport a Zacks Rank #1 (Strong Buy), Akzo Nobel carries a Zacks Rank #2 (Buy).
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PPG INDS INC (PPG): Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
