PPG Industries has agreed to acquire The Crown Group (Warren, Michigan), a maker of component and product finishers in North America.
Terms of the transaction, which is expected close during the third quarter, have not been disclosed. Crown has sales of $125–$150 million/year, according to PPG chairman and CEO Michael McGarry.
Crown operates 11 facilities in the United States. It caters to different industries such as automotive, agriculture, construction, truck, and alternative energy. The deal will expand PPG’s application capabilities in original equipment manufacturer (OEM) coatings, according to Victor Sekmakas, executive vice president at PPG.
By Vincent Valk
Source: Chemical Week
France has launched an offshore green hydrogen production platform at the country’s Port of Saint-Nazaire this week, along with its first offshore wind farm. The hydrogen plant, which its operators say is the world’s first facility of its type, coincides with the launch of another “first of its kind” facility in Sweden dedicated to storing hydrogen in an underground lined rock cavern (LRC).
The project sets up the Hydrogen Valley in Rome, the first industrial-scale technological hub for the development of the national supply chain for the production, transport, storage and use of hydrogen for the decarbonization of industrial processes and for sustainable mobility.
At first glance, hydrogen seems to be the perfect solution to our energy needs. It doesn’t produce any carbon dioxide when used. It can store energy for long periods of time. It doesn’t leave behind hazardous waste materials, like nuclear does. And it doesn’t require large swathes of land to be flooded, like hydroelectricity. Seems too good to be true. So…what’s the catch?
