Insulation industry news from Global Insulation

Belgium: Recticel has launched a new range of polyurethane insulation board products that contain 25% bio-circular raw materials. The new ‘Impact’ range reduces CO₂ emissions by an average of 43% compared to a standard board while offering equivalent insulation performance. These new products are an important element of Recticel's proactive approach to reaching net zero emissions by 2050, as committed to the Science Based Targets initiative (SBTi).

The Belgium-based insulation producer also completed its divestment of its Engineered Foams division in mid-June 2023. The bulk of the business was sold to US-based Carpenter Co for an enterprise value of around Euro454m with two UK-based units sold to GIL Investments, as part of the competition clearance provided by the UK Competition & Markets Authority (CMA). Following the divestment of its Engineered Foams division, Recticel has become solely an insulation manufacturer.

Belgium: Recticel has joined the Science-Based Targets Initiative, reinforcing its commitment to institutional CO₂ emissions reduction grounded in climate science. Under the commitment, it set two new targets, namely to achieve net zero Scope 1 and 2 CO₂ emissions from its operations by 2030, and to achieve net zero Scope 3 CO₂ emissions by 2050.

The insulation producer said "Recticel looks forward to engaging with all partners in its value chain to join forces and drive progress. Our results against targets will be communicated in the annual report."

Denmark: Rockwool has received approval from the Science Based Targets Initiative (SBTI) for its new decarbonisation goals. The goals consist of a planned 38% reduction in plant greenhouse gas emissions and 20% reduction in absolute lifecycle greenhouse gas emissions between 2019 and 2034.

Chief executive officer (CEO) Jens Birgersson said, “We’re proud to be among the few energy-intensive manufacturing companies whose science-based emission reduction targets SBTI has verified and approved. These new targets build on the strong foundation that we are already a net carbon negative company. Though not many companies can make that claim, we also know it’s not enough, which is why we have committed to this ambitious decarbonisation pathway.” He added, “Achieving these emission reduction targets will be an important step in realising the global ambition to reduce society’s greenhouse gas emissions to net zero by 2050. By demonstrating that an energy-intensive manufacturing company can achieve these targets, we hope to inspire others to take actions to help create a greener, more sustainable future.”

Ireland: Kingspan Group has highlighted its membership of Science Based Targets initiative (SBT) to set targets to reduce its greenhouse gas emissions. Kingspan has set a 10% reduction in emissions by 2025 from the base year of 2017. It also plans to reduce its absolute emissions from purchased goods and services, business travel, transport and distribution, and end-of-life treatment of sold products by 10%. It committed to its target in February 2018.

“At Kingspan, we are dedicated to sustainable business practise, from our products, to our processes and our people, which is why we are delighted to sign up to the Science Based Targets Initiative. This provides measurable targets for our business to achieve and will ensure that we continue to match our words with actions that make a real difference,” said Gene Murtagh, chief executive officer (CEO) of Kingspan.

The SBT initiative is the result of a partnership between the World Resource Institute, the World Wildlife Fund, CDP (formerly the Carbon Disclosure Project) and the United Nations Global Compact, which looks to support companies across the world to do their part in tackling the worst impacts of climate change by supporting them to determine how much they must cut their emissions by. It provides participating companies with a clearly defined pathway to future-proof business growth by specifying how much and how quickly they need to reduce their greenhouse gas emissions. These targets are set in line with the level of decarbonisation required to keep global temperature increase below 2°C, consistent with the goals of the 2015 Paris Climate Conference, which 195 countries signed up to.

In 2017, 69% of the total energy used by Kingspan’s operations came from renewable sources, and the group says it is on target to achieve its goal of Net Zero Energy (NZE) status by 2020. As part of its journey to achieve NZE status, Kingspan Group has seen a 77% reduction in carbon intensity across its operations, and is benefitting from 34.5GWh of on-site energy it is generating.