This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:Lignol Energy to add HP-L lignin to PPG coatings 2009-11-24 10:13 ET - News Release Mr. Paul Hughes reports LIGNOL AND PPG INDUSTRIES, INC. ANNOUNCE JOINT PRODUCT DEVELOPMENT AGREEMENT FOR HIGH PURITY HP-L(TM) LIGNIN
Lignol Energy Corp. and PPG Industries Inc., a global supplier of paints, coatings, optical products, specialty materials, chemicals, glass and fibreglass, have signed a joint development agreement for the development of commercial applications incorporating Lignol's unique class of high-purity lignin and lignin derivatives (HP-L lignin) in various industrial coatings.
The agreement establishes a program to incorporate Lignol's renewable and sustainable HP-L lignin into PPG's existing and potentially new coatings applications. The agreement includes a detailed and stage-gated work program that the parties will work on exclusively utilizing Lignol's HP-L lignin as a replacement for chemicals derived from petroleum-based products.
"There is a significant market trend toward products containing renewable and sustainable materials that have environmental and functional benefits," said Chuck Kahle, chief technology officer of PPG Industries. "We are interested in exploring potential applications for Lignol's HP-L lignin within our coatings businesses for several key reasons including: the potential to displace petroleum-based feedstocks with a bio-based sustainable raw material; to introduce chemical functionality, rarely found elsewhere in nature, which will benefit end use properties."
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