whats not to like they are ticking away small steps
A S X A N N OU N C E M EN T
7 July 2021
CFOAM Limited | ABN 46 611 576 777
Level 1, 33 Ord Street, West Perth WA 6005
PH : 61 8 9420 9300 www.CFOAM.com
PAGE 1
Companies Announcement Office
ASX Limited
Level 6, 20 Bridge Street
Sydney NSW 2000
CFOAM - R&D PARTNERSHIPS - DEVELOPING CARBON PRODUCTS from COAL
- Partnerships with research bodies
- Potential new markets to address construction demand
- CFOAM a key raw material product provider
CFOAM Limited, CFOAM Corp (74.34% owned by CFOAM Limited, 25.66% owned by CONSOL
Energy Inc) and its operating entity CFOAM LLC, Triadelphia, West Virginia, (CFOAM) wish to
provide the following update.
CFOAM is working with other companies as a raw material provider and/or R&D participant
by way of cost share or project development work. These exciting projects are at an early stage
and have the potential to create new markets and opportunities, however, at this stage, the
quantity of CFOAM being provided does not have a material impact on the business.
OHIO UNIVERSITY
Ohio University has received US$500,000 of funding from the United States Department of
Energy’s (DOE) – NETL. CFOAM is contributing US$20,000 cost share to Ohio University’s
project Coal-Derived Alternatives to Fiber-Cementitious (FC) Building Materials, where they
plan to develop coal-based siding materials for residential and commercial building cladding
applications.
Siding materials are a critical component for both residential and commercial buildings, as
they protect the building structure from the elements (sun, rain, snow, wind), while deterring
dirt, moisture and insects. Three primary types of siding are currently used: vinyl (made of
polyvinyl chloride), FC, and stucco. Vinyl and FC siding products dominate the US market, with
2.6 and 2.1 billion square feet, respectively, installed in 2018 1
.
However, vinyl siding is losing market share to FC products due to consumer desire for a more
robust and appealing product. Currently, the FC siding market is valued at $13.2 billion and is
expected to reach $20.3 billion by the end of 2025 2
. Coal-derived carbon foam could be a more
environmentally friendly alternative to vinyl or cement-based material options.
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