Insulation industry news from Global Insulation

Slovakia: Ireland-based Kingspan has stopped an attempt to buy Trimo due to difficulties obtaining approval from the European Commission. Regulatory approval failed to arrive before a deadline set in August 2020 when Kingspan and Polish private equity fund Innova Capital signed a contract for the sale, according to the Finance newspaper and the Slovenian Press Agency. During its investigation the commission expressed concerns that the acquisition could reduce competition and lead to price rises in several countries. It added that the acquisition would have created the largest supplier of mineral wool sandwich panels in Europe.

Trimo was acquired by Innova Capital in 2016. It produces mineral wool sandwich panels and is reportedly the second largest seller of the products in Europe with a 10% market share. It operates production plants in Slovenia and Serbia and most sells panels in Europe. Innova Capital is expected to select a new buyer for Trimo.

France: Knauf France has launched ThermaSoft Natura, a domestic thermal insulation product made from plant-based materials. It will be made using cotton scraps from textile manufacturing, jute fibres from recycled food bags and flax fibres from agricultural crops, according to Le Moniteur. The product will be manufactured in the Lyon region and distributed from April 2022.

Russia: TechnoNicol plans to invest around Euro350m towards building two stone wool plants as well as other expanded production in other business areas including agricultural applications. A 1.5Mm³/yr stone wool plant will be built in the Novgorod special economic zone, according to the AK&M Information Agency. Construction of a new 1.4Mm³/yr stone wool plant near Almaty in Kazakhstan is scheduled to start in the first quarter of 2022. Both project have a combined an investment of Euro127m. Additionally, the insulation producer is reportedly looking for a site to build an additional stone wool plant in the far east of Russia.

The company also plans in 2022 to launch a new production line for stone wool substrates for use in greenhouse farming at a plant in the Rostov region. Around Euro6m will be spent on the upgrade. Once complete the line will be able to supply the Southern Federal and South Caucasus districts. It will be TechnoNicol’s third production line for mineral wool substrates, joining plants at Ryazan and Tatarstan.

Australia/Germany: Australia-based Fortescue Future Industries (FFI) and Germany-based Covestro plan to start a long-term agreement for the supply of green hydrogen and its derivatives, including ammonia. According to the memorandum of understanding, FFI and Covestro will formalise an agreement under which FFI will supply Covestro with the equivalent of up to 100,000t/yr of hydrogen. The deal will enable Covestro to reduce its greenhouse gas emissions, from using grey hydrogen, by up to 900,000t/yr of CO₂ per year. The deliveries are earmarked for three potential locations – in Asia, North America and Europe - and could commence by 2024.

Green hydrogen is hydrogen made using renewable energy sources. FFI’s ambition is to grow its green hydrogen production to 15Mt/yr of green hydrogen by 2030, accelerating to 50Mt/yr in the following decade.

Covestro uses hydrogen and its derivatives as feedstock in the production of polymers. It produces a wide range of products including those used for thermal insulation in construction.

Netherlands: Belgium-based Triple Helix has signed an agreement as one of the first concessionaires at the NextGen District at the Port of Antwerp. It plans to build a plant to convert polyurethane foam, from insulation panels and other sources, into polyols. These chemicals can then be reused, for example in the production of new polyurethane products. The plant is intended to be fully circular and self-sufficient in terms of energy.

Steven Peleman, the chief executive officer of Triple Helix, said “To drastically reduce emissions and waste pollution, we want to show the principle of material reincarnation to the world. In our plant at NextGen District, we want to recover polyurethane foams at the end of their life and transform them into their main components to be used again in new products. This is innovative and challenging, but with Port of Antwerp, BlueChem and our industrial and knowledge partners, we are ready to fight this battle. Not words but deeds!”

The Port of Antwerp has set aside the former 88 hectare General Motors site to develop into a future circular economy hotspot. Rubber and plastics recycling company US-based Bolder Industries has also signed up for an early place at the port.

UK: Kingspan has recalled all uninstalled Kooltherm K15 phenolic insulation from UK customers pursuant to an order by the government’s Office for Product Safety and Standards. The company estimates the value of the affected stock to be Euro180,000. InsideHousing News has reported that the company hopes to resume its sale of Kooltherm K15 insulation following its suspension on 23 December 2021.

Kingspan says that recent tests have shown that Kooltherm K15 insulation is eligible for a C rating under European safety standards, which would enable it to be fitted in buildings of above 18m in heigth.