Paintmaker PPG’s Digital Transformation Ripples Around The World

Like its home city of Pittsburgh, PPG has seen many changes over its 135-year history. Originally a glass manufacturer, PPG transitioned the core of its business to paints and specialty coatings that are used on everything from driverless cars to the posts on NHL goals. But the latest change may be the most drastic. PPG has undergone a digital transformation in tandem with Pittsburgh, which has become a leading research and innovation hub.

Spotlight

FutureFuel Chemical Company

Future Fuel Chemical Company is a growing U.S. manufacturer of specialty organic chemicals and premium biofuels. The Chemicals segment is comprised of two components: Custom Manufacturing and Performance Chemicals which includes our own branded line of specialty chemical products. FutureFuel specializes in custom customer synthesis and high quality biodiesel. Our company is headquartered in Clayton, St Louis and publicly listed on the NYSE under "FF". We have a world class integrated biofuels and specialty chemicals manufacturing facility in north central Arkansas.

OTHER ARTICLES
Chemical Technology

Petrochemicals markets complexity is only going to grow and grow

Article | July 20, 2022

NICE WORK, if you get can get it. A trucking company in Fort Worth, Texas, is offering to pay experienced drivers $14,000 a week – $728,000 a year – as the US struggles with a nationwide shortage of truckers or lorry drivers. This reminds me of perhaps an apocryphal tale, from the height of the last Australian mining boom. Before iron ore prices collapsed in late 2014, there was a story about workers at mining site road junctions who operated manual “Stop and Go” signs. They were said to be earning more than Australian dollar (A$) 200,000 a year. Before you pack in your job as, say, a petrochemicals sales manager and head to Texas or mine sites in Western Australia, there is the risk that when you arrive at the door of your new prospective employer, the bubble might have already burst. This is assuming we are in bubble conditions.The pressure is clearly building in petrochemicals and other commodity markets as prices in some regions remain at record highs or continue to rise. Today’s prices are the results of shortages of commodities supply (for example in petrochemicals, an outcome of the US winter storms), very strong demand and supply chain disruptions.I am beginning to believe that the latter is the biggest reason for commodity price inflation which is feeding through into sharp rises in the cost of finished goods – and a lack of goods availability. It is delivering and manufacturing enough stuff that seems to be at the heart of today’s problems due to shortages of everything from container freight space and semiconductors to wooden pallets, tin cans, metal drums, cardboard – and US truck drivers.

Read More
Chemical Management

Guyana-Suriname basin: Rise from obscurity to super potential

Article | July 13, 2021

Recent discoveries in the Guyana-Suriname basin attest to estimates of 10+ Bbbl of oil resources and more than 30 Tcf of gas.1 Like many oil & gas successes, this is a story that begins with early exploration success onshore, followed by a long period of exploration disappointment in coastal to shelf regions offshore, eventually culminating in deepwater success.

Read More
Chemical Management

We need a global agreement that sets targets for reducing plastic waste

Article | July 22, 2021

What follows is an entirely personal take on the challenge of plastic waste and does not represent the views of ICIS or any other expert opinion I have sought out. The views are put forward in the spirit of debate as we move forward, as an industry, to solve the crisis of plastic waste.

Read More
Chemical Technology

Ways Your Chemical Company Can Benefit From Digitization

Article | July 20, 2022

The chemical industry is evolving. The marketing, purchasing, and selling of chemicals are being affected by forces in the market, with digitization unquestionably having the most significant impact. Many of the existing digitizing models have likely already been given some thought and then rejected. Chemical businesses are currently conducting pilot projects or starting to gradually scale up their digital initiatives after moving past the proof-of-concept stage. Although this past year brought many difficulties, it also provided an opportunity to revise and re-evaluate foundations moving forward. The Great Reset, as the World Economic Forum has dubbed this time period, is illuminating how the chemical industry might leverage digital technologies to advance. Whether prompted by governmental requirements or consumer desires, chemical businesses' net-zero ambitions will necessitate new expenditures throughout the whole chemical value chain. As a result, back-office costs must be as efficient as possible to free up money to pay for those investments while keeping a profit. Consumer pull The most essential requirements for the success of a new product are a solid understanding of customer needs and wants, the competitive climate, and the makeup of the market. The primary factors that influence the needs of the consumer are price, timing, and quality. Therefore, companies create ongoing procedures and plans with these three factors in mind to better serve client needs and grow their market share by regularly creating new products. Technology pushes The influence of digital technology is constantly growing. One of the foundational elements of 21st-century sources of growth is data-driven innovation. There are numerous items and procedures in the history of innovation that were the result of an accident or careful forethought. Vast volumes of data, or "big data," are being produced and used as a result of the convergence of numerous phenomena, including the growing migration of socio-economic activities on the Internet and the decline in the cost of data collecting, storage, and processing. Large data sets are becoming an essential resource for the economy, supporting the development of new markets, procedures, and goods while also generating substantial competitive advantages. For example, a billion customers can now access broadband at a reasonable price because of the digital world's supporting infrastructure. In addition, cloud computing and the enormous amount of information processing equipment it needs are developing swiftly, and low-cost connected gadgets are being introduced into every industry. Economic benefits The financial gains that can be realized through digitization are genuine. The new digital technologies and businesses have seen an influx of cash, and the public markets are rewarding early adopters with record values. The effects of digitization are spreading swiftly throughout every business. Digitization is the changing of life and work as a result of new technologies, not only their acceptance. Much like earlier technologies, modern emerging technologies like the cloud and big data quickly become part of businesses' operations. Unknown to many, this is having a much more significant impact on the industry that makes these tools as well as on customers. Digitalization that derives from and includes strategic business objectives can greatly benefit chemical firms. Cost savings of roughly 30 to 40 percent can already be made on average today. Additionally, in certain situations, digitalization aided in improving service quality and affected the bottom line by, for instance, enabling new business models. On average, platform-driven digitization projects pay off after 18 months.

Read More

Spotlight

FutureFuel Chemical Company

Future Fuel Chemical Company is a growing U.S. manufacturer of specialty organic chemicals and premium biofuels. The Chemicals segment is comprised of two components: Custom Manufacturing and Performance Chemicals which includes our own branded line of specialty chemical products. FutureFuel specializes in custom customer synthesis and high quality biodiesel. Our company is headquartered in Clayton, St Louis and publicly listed on the NYSE under "FF". We have a world class integrated biofuels and specialty chemicals manufacturing facility in north central Arkansas.

Related News

Chemical Technology

PPG Earns Prestigious R&D 100 Recognition for Paint, Coatings Technologies

PPG | October 23, 2021

PPG today announced that three of its innovative coatings technologies have earned 2021 R&D® 100 Awards: PPG BFP-SE Battery Fire Protection, PPG ENVIROCRON™ Extreme Protection thermally conductive powder coatings, and PPG HI-TEMP® 1027 HD coating. "At PPG, our global science and technology team works tirelessly to provide value-added solutions to our customers, Leveraging our expertise across industries – combined with our constant pursuit to help our customers – enables our organization to be an industry-leader in innovation. We are proud to be honored with this esteemed recognition.” David Bem, PPG vice president, science and technology, and chief technology officer PPG BFP-SE Battery Fire Protection is an innovative coating that protects batteries in electric vehicles from fire and helps mitigate thermal runaway events, improving passenger safety. These solutions can be mass produced, efficiently applied and include battery fire protection suitable for various vehicle battery applications. PPG Envirocron Extreme Protection thermally conductive powder coatings combine dielectric protection and thermal conductivity in a single multifunctional coating for electric vehicle battery packs. PPG’s proprietary platform enhances cooling efficiency and provides exceptional electrical insulation, mitigating arcing and shorting events to improve battery performance and passenger safety. PPG HI-TEMP 1027 HD is the company’s next-generation ambient-cure, high-temperature corrosion under insulation (CUI) coating, which is ideal for new construction projects. It has excellent hardness and corrosion resistance, even during severe cyclic temperatures from -196 degrees Celsius (-320 degrees Fahrenheit) to 540 degrees Celsius (1000 degrees Fahrenheit). The coating’s resistance to the wear and corrosion that can occur on pipes, vessels and construction parts helps prevent damage and the resulting need for touch-up work, saving time and money. In addition, LIQUID NAILS® FUZE*IT MAX® all-purpose construction adhesive by PPG was recognized as a 2021 R&D 100 Awards finalist. This advanced adhesive uses hybrid technology to deliver both exceptional grab and long-term strength to bond nearly everything to everything in any weather condition. The R&D 100 Awards Committee and R&D World magazine honor the 100 most innovative technologies and services of the past year with the R&D 100 Awards. PPG has earned 32 R&D 100 Awards through the years. About the R&D 100 Awards Since 1963, the R&D 100 Awards program has identified revolutionary technologies newly introduced to the market and celebrated the top technology products of the year. Past winners have included sophisticated testing equipment, innovative new materials, chemistry breakthroughs, biomedical products, consumer items and high-energy physics spanning industry, academia and government-sponsored research. About R&D World Magazine Since its founding in 1959 as Industrial Research, R&D World magazine (www.rdmag.com) has served research scientists, engineers and technical staff at laboratories around the world, providing timely, informative news and useful technical articles that broaden readers’ knowledge of the research and development industry and improve the quality of their work. R&D World magazine is a publication of the Advantage Business Media Science Group, with sister brands including Laboratory Equipment, Bioscience Technology, Drug Discovery & Development, Laboratory Design, Scientific Computing and Controlled Environments. PPG: WE PROTECT AND BEAUTIFY THE WORLD™ At PPG we work every day to develop and deliver the paints, coatings and materials that our customers have trusted for more than 135 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 $13.8 billion in 2020. We serve customers in construction, consumer products, industrial and transportation markets and aftermarkets.

Read More

Chemical Technology

PPG Earns Prestigious R&D 100 Recognition for Paint, Coatings Technologies

PPG | October 23, 2021

PPG today announced that three of its innovative coatings technologies have earned 2021 R&D® 100 Awards: PPG BFP-SE Battery Fire Protection, PPG ENVIROCRON™ Extreme Protection thermally conductive powder coatings, and PPG HI-TEMP® 1027 HD coating. "At PPG, our global science and technology team works tirelessly to provide value-added solutions to our customers, Leveraging our expertise across industries – combined with our constant pursuit to help our customers – enables our organization to be an industry-leader in innovation. We are proud to be honored with this esteemed recognition.” David Bem, PPG vice president, science and technology, and chief technology officer PPG BFP-SE Battery Fire Protection is an innovative coating that protects batteries in electric vehicles from fire and helps mitigate thermal runaway events, improving passenger safety. These solutions can be mass produced, efficiently applied and include battery fire protection suitable for various vehicle battery applications. PPG Envirocron Extreme Protection thermally conductive powder coatings combine dielectric protection and thermal conductivity in a single multifunctional coating for electric vehicle battery packs. PPG’s proprietary platform enhances cooling efficiency and provides exceptional electrical insulation, mitigating arcing and shorting events to improve battery performance and passenger safety. PPG HI-TEMP 1027 HD is the company’s next-generation ambient-cure, high-temperature corrosion under insulation (CUI) coating, which is ideal for new construction projects. It has excellent hardness and corrosion resistance, even during severe cyclic temperatures from -196 degrees Celsius (-320 degrees Fahrenheit) to 540 degrees Celsius (1000 degrees Fahrenheit). The coating’s resistance to the wear and corrosion that can occur on pipes, vessels and construction parts helps prevent damage and the resulting need for touch-up work, saving time and money. In addition, LIQUID NAILS® FUZE*IT MAX® all-purpose construction adhesive by PPG was recognized as a 2021 R&D 100 Awards finalist. This advanced adhesive uses hybrid technology to deliver both exceptional grab and long-term strength to bond nearly everything to everything in any weather condition. The R&D 100 Awards Committee and R&D World magazine honor the 100 most innovative technologies and services of the past year with the R&D 100 Awards. PPG has earned 32 R&D 100 Awards through the years. About the R&D 100 Awards Since 1963, the R&D 100 Awards program has identified revolutionary technologies newly introduced to the market and celebrated the top technology products of the year. Past winners have included sophisticated testing equipment, innovative new materials, chemistry breakthroughs, biomedical products, consumer items and high-energy physics spanning industry, academia and government-sponsored research. About R&D World Magazine Since its founding in 1959 as Industrial Research, R&D World magazine (www.rdmag.com) has served research scientists, engineers and technical staff at laboratories around the world, providing timely, informative news and useful technical articles that broaden readers’ knowledge of the research and development industry and improve the quality of their work. R&D World magazine is a publication of the Advantage Business Media Science Group, with sister brands including Laboratory Equipment, Bioscience Technology, Drug Discovery & Development, Laboratory Design, Scientific Computing and Controlled Environments. PPG: WE PROTECT AND BEAUTIFY THE WORLD™ At PPG we work every day to develop and deliver the paints, coatings and materials that our customers have trusted for more than 135 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 $13.8 billion in 2020. We serve customers in construction, consumer products, industrial and transportation markets and aftermarkets.

Read More

Events