Steel asset owners will benefit from a tangible reduction in carbon emissions through enhanced coatings like SPN’s ecosparc product. Pic via Getty Images
Mining
An independent assessment shows steel assets coated with ecosparc enhanced coatings can reduce CO2 emissions by up to 21%, and maintenance costs up to 23%, when benchmarked against the same non-graphene-enhanced epoxy protective coatings.
Sparc Technologies (ASX:SPN) has developed additives that exploit the power of graphene for a wide range of protective and marine coating applications.
The addition of a very small quantity of ecosparc to conventional paints leads to a substantial enhancement in anti-corrosive performance, ensuring the reliability, longevity, safety, and cost-effectiveness of the infrastructure they cover.
A Lifecyle assessment (LCA) was carried out based on extensive data covering several years of ISO corrosion testing.
The results indicate that steel assets coated with ecosparc-enhanced high-performance coatings reduce the CO2 emissions associated with the maintenance of steel assets by 18 – 21% when benchmarked against the same non-graphene-enhanced epoxy protective coatings.
It also showed a significant cost-saving of 19 – 23% over the lifecycle of these same assets.
SPN general manager of graphene material Dr Denis Wright says CO2 emission reductions and cost savings are the direct result of the improved resistance to corrosion of ecosparc enhanced coatings leading to longer durations between maintenance events.
“This LCA strongly supports Sparc’s journey towards improving sustainability and environmental outcomes for infrastructure owners in their supply chain, through the use of ecosparc, along with significant cost savings for our customers,” he says.
“It’s great to be part of an Australian business playing a positive role in helping to address the climate emergency.”
The LCA clearly shows that steel asset owners will not only benefit from a tangible reduction in carbon emissions through enhanced coatings, but that this benefit will also come at a lower cost to the end-user.
This underpins Sparc Technologies’ model of creating shared value through its product offering.
Ecosparc users will not only reduce their environmental impact through the coatings, but they can achieve this while reducing costs.
Sparc Technologies continues to assess its entire suite of testing methodologies to assess and develop best-practice for extrapolation to the real-world.
Dr Wright indicates…
“Sparc is continuing to refine its test regime with a focus towards film resilience. More in depth thermal cyclic crack testing has become a focus of our research team as broadening initial positive results will further enhance the anti-corrosive credentials of ecosparc. In turn quantifying further carbon emission and cost savings to our customers.”
This article was developed in collaboration with Sparc Technologies, a Stockhead advertiser at the time of publishing.
This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.
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