PPG licenses chloride-based technologies Henan Billions

PPG licenses chloride-based technologies to Henan Billions

9:41 AM, 27th June 2012
PPG licenses chloride-based technologies to Henan Billions
Charles F Kahle II, Chief Technology Officer and Vice President, Coatings Research and Development, PPG.

PITTSBURGH, US: PPG Industries has signed a memorandum of understanding with Henan Billions Chemicals Co Ltd, by which PPG will license certain chloride-based technologies to Billions for use at Billions’ titanium dioxide (TiO2) refinement facilities in China. In addition, PPG has signed a long-term purchase agreement for titanium dioxide with Billions. Commercial terms of the agreements and license proceeds from Billions to PPG were not disclosed.

PPG intends to use the chloride-based TiO2 manufactured by Billions for various end-use applications, including paints and other coatings. The TiO2 also would be available for sale to third parties. “This agreement with Billions provides further evidence of PPG’s commitment to utilize our existing expertise to expand and secure additional global supply of titanium dioxide,” said Charles F Kahle II, Chief Technology Officer and Vice President, Coatings Research and Development, PPG.

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