Insulation industry news from Global Insulation

US: Owens Corning’s net earnings in the third quarter of 2019 took a dive to US$333m from US$376m, down by 11% year-on-year. Its insulation section reported earnings before interest and taxes of US$84m, down year-on-year by 11%. The section’s sales in the quarter amounted to US$693m, down by 2% year-on-year from US$710.

UK: Edinburgh-based bio-insulation company IndiNature is preparing to build a Euro4.4m production plant at Hawick in southern Scotland. The company is currently in talks with Scottish Borders Council, contractors and others about the project, according to the Southern Reporter newspaper. The 2600m3 plant is set to create 30 jobs. It is hoped that the new unit will be ready by the end of 2020. IndiNature manufactures its rigid IndiBoard and IndiTherm batts insulation products from plant-based materials.

China/Japan: Researchers from Kyoto University, the University of Tokyo in Japan and Jiangsu Normal University in China have developed a new material that can selectively capture carbon dioxide (CO₂) molecules and convert them into ‘useful’ organic materials, including a precursor for polyurethane. The research project has been described in the journal Nature Communications.

The material is a porous coordination polymer (PCP, also known as a metal-organic framework), a framework consisting of zinc metal ions. The researchers tested their material using X-ray structural analysis and found that it can selectively capture only CO₂ molecules with ten times more efficiency than other PCPs. The material has an organic component with a propeller-like molecular structure, and as CO₂ molecules approach the structure, they rotate and rearrange to permit CO₂ trapping, resulting in slight changes to the molecular channels within the PCP. This allows it to act as molecular sieve that can recognise molecules by size and shape. The PCP is also recyclable; the efficiency of the catalyst did not decrease even after 10 reaction cycles.

After capturing the carbon, the converted material can be used to make polyurethane, a material with a wide variety of applications including insulation materials.

US: Owens Corning has appointed Prith Gandhi its chief financial officer (CFO). He will take over from Michael McMurray on 23 October 2019, and serve until an external search produces a permanent successor. Gandhi, current vice president of corporate strategy, has 25 years’ financial services experience. The company announces its third quarter results for 2019 on 23 October 2019.

US: Owens Corning has announced its 2030 sustainability goals. These represent the company’s third set of long-term goals and are designed to expand the company’s business impact through sustainability, continuing its commitment to incorporate material environmental, social and economic initiatives into its global practices and operations.

“These goals advance our business priorities by pushing us to discover increasingly more sustainable solutions, which is becoming more important to our customers and other key stakeholders,” said chief executive officer (CEO) Brian Chambers.

Owens Corning’s 2030 sustainability goals include reducing greenhouse gas emissions by 50%, sourcing 100% renewable electricity to reduce product embodied carbon, maximising product sustainability and building and supporting inclusive and diverse teams that reflect the communities where they live, work and serve. The greenhouse gas emission goal is in line with guidance to hold global warming to 1.5°C degrees and it was approved by the Science Based Target Initiative.