CFoam enters US R&D partnerships to advance the use of carbon products in building industry

By

Imelda Cotton

-

July 7, 2021

Australian inorganic carbon material manufacturer CFoam (ASX: CFO) has entered into key partnerships with two US tertiary institutions based on enhancing the development of carbon products from coal.

The research and development agreements with Ohio University and Massachusetts Institute of Technology are at an early stage and have the potential to create new markets and opportunities for CFoam as a raw materials provider.

Ohio University is researching a project related to coal-derived alternatives for traditional fibre-cementitious building materials.The project has received US$500,000 (A$666,000) funding from the US Department of Energy’s National Energy Technology Laboratory which focuses on applied research for the clean production and use of domestic energy resources.

Cost share arrangement

CFoam has agreed to a US$20,000 (A$26,000) cost share arrangement for the project, which will see Ohio’s research team develop coal-based siding materials for residential and commercial building cladding applications.

Siding materials are a critical component in building as they protect a structure from the elements, while deterring dirt, moisture and insects.

Primary sidings of vinyl (made of polyvinyl chloride) and fibre cement currently dominate the US market, with a combined 4.7 billion square feet of products installed in 2018.

According to CFoam, vinyl siding is “slowly losing market share” due to consumer preference for a more robust and appealing product such as fibre cement.

Currently, the fibre cement siding market is valued at $13.2 billion and expected to reach $20.3 billion by the end of 2025.

CFoam said coal-derived carbon foam could become a more environment-friendly alternative over time.