PPG to Cut Carbon Dioxide Emissions at Italy Paint and Coatings Manufacturing Site With Investment in High-Efficiency Power Plant

Rhea-AI Summary

PPG (NYSE: PPG) has launched a new high-efficiency power-generation facility at its Quattordio, Italy site, aimed at reducing energy costs by 13% and carbon dioxide emissions by 10% annually. This $2.8 million project employs trigeneration technology, capable of using natural gas and up to 60% hydrogen with further modifications. Grastim is responsible for financing and operating the facility for seven years. PPG emphasizes its commitment to sustainability and improving operational efficiency in response to rising energy costs.

Positive

• Energy cost reduction of 13%.
• Carbon emissions reduction by 10%.
• Overall efficiency of approximately 75% for the new facility.
• Partnership with Grastim enhances energy sustainability.

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• None.

QUATTORDIO, Italy--(BUSINESS WIRE)-- PPG (NYSE:PPG) today announced the startup of a high-efficiency power-generation facility at its Quattordio, Italy, automotive paint and coatings manufacturing site. The facility is expected to reduce energy costs by 13% and carbon dioxide (CO₂) emissions by 10% annually.

Combining cooling, heating and power, which is known as trigeneration, the facility can operate on a combination of natural gas and 5% hydrogen. This can be increased to 20% hydrogen with minimal investment and up to 60% with further modifications. The new power plant will operate with an overall estimated efficiency of approximately 75%.

The $2.8 million (2.7 million euro) project is part of a partnership between PPG and Grastim, which is a developer of high-efficiency energy-generation solutions that include trigeneration and cogeneration. PPG previously completed a $2.1 million (2 million euro) project using Grastim’s cogeneration technology at its Caivano, Italy, site in 2021.

Under the power purchasing agreement, Grastim is responsible for the financing, authorization, construction and operation of the two power-generation plants and will operate them for seven years.

"With the skyrocketing cost of energy, it is essential to draw on any resource to reduce production costs and make plants more efficient,” said Baldo Pavolini, Grastim technical director. “The use of high-efficiency energy production solutions provides not only an economic benefit for our customers but also a sustainability advantage.”

"PPG is committed to furthering our sustainability efforts and reducing our carbon emissions, and a key part of that is reducing our energy use,” said Silvia Ceratto, PPG engineering and maintenance manager, Quattordio. “Our partnership with Grastim will help to further our efforts and hopefully serve as a blueprint to implementation of similar systems globally.”

To learn more about PPG’s sustainability and environmental, social and governance (ESG) progress, visit sustainability.ppg.com.

About Grastim

Grastim develops high-efficiency technological solutions and makes hybridization between cogeneration and renewable sources its core business. The company's goal is to functionally integrate its solutions into pre-existing infrastructures, ensuring economic savings and a reduction in polluting emissions. In addition to Italy, Grastim is present in the United States, the United Kingdom, Germany, Spain and Portugal. It has sales of more than 60 million euros annually and boasts among its primary customers multinational groups such as Unilever, PPG, Novamont, Froneri, Kraft-Heinze Nomad Foods.

PPG: WE PROTECT AND BEAUTIFY THE WORLD™

At PPG (NYSE:PPG), we work every day to develop and deliver the paints, coatings and specialty materials that our customers have trusted for nearly 140 years. Through dedication and creativity, we solve our customers’ biggest challenges, collaborating closely to find the right path forward. With headquarters in Pittsburgh, we operate and innovate in more than 75 countries and reported net sales of $16.8 billion in 2021. We serve customers in construction, consumer products, industrial and transportation markets and aftermarkets. To learn more, visit www.ppg.com.

We protect and beautify the world is a trademark and the PPG logo is a registered trademark of PPG Industries Ohio, Inc.

CATEGORY Sustainability

View source version on businesswire.com: https://www.businesswire.com/news/home/20220504005058/en/

Greta Edgar

Corporate Communications

724-316-7552

edgar@ppg.com

sustainability.ppg.com

www.ppg.com

Source: PPG

FAQ

What is the new facility PPG has launched in Quattordio?

PPG has started a high-efficiency power-generation facility at its Quattordio site, which will reduce energy costs and CO2 emissions.

How much is PPG investing in the new power plant?

PPG is investing $2.8 million in the new power-generation facility.

What are the expected benefits of PPG's new power facility?

The facility is expected to reduce energy costs by 13% and carbon emissions by 10% annually.

Who is responsible for the operation of PPG's new energy facility?

Grastim is responsible for financing, constructing, and operating the power-generation facility for seven years.

What technology does PPG's new facility utilize?

The facility utilizes trigeneration technology to combine cooling, heating, and power generation.