MOSCOW (MRC) -- Honeywell and Bayer Pearl have unveiled new spray foam insulation technology solutions that can improve energy efficiency in residential and commercial buildings in the Kingdom of Saudi Arabia, as per GV.
With 1.5 million new homes needed to keep up with local population growth, energy demand in the country is anticipated to double by 2030. In anticipation of this surge in demand, the Kingdom has introduced new thermal insulation requirements for all new buildings, which are designed to support energy conservation. This increased focus on efficiency supports the economic and sustainability goals contained within the Saudi Vision 2030, the Kingdom’s 15-year plan aimed at building a prosperous and sustainable economic future.
Honeywell and Bayer Pearl brought together regulators, global industry experts, and regional stakeholders and contractors at a workshop in Riyadh to review how next generation polyurethane (PU) foam can meet the Kingdom’s thermal insulation requirements. At the workshop entitled "Sustainable Solutions for PU Foam," technology advancements such as spray foam systems with new blowing agent technology were discussed. Blowing agents allow closed-cell foam to expand and provide excellent insulating properties. A 2013 study by engineers at King Faisal University estimated that by applying both wall and roof insulation, energy usage can be reduced by up to 20%.
As MRC reported earlier, in September 2015, Bayer AG moved a step closer to floating its EUR11 billion (USD12.3 billion) specialty chemicals business by "legally and economically" separating the unit, now named Covestro AG. The German pharmaceuticals group plans to float Covestro, previously called Material Science, by the middle of 2016l. Bayer plans either an initial public offering or direct spinoff to shareholders. The company had previously indicated that it preferred an IPO, which would generate cash for heavily indebted Bayer.
Bayer is a global enterprise with core competencies in the fields of health care, agriculture and high-tech polymer materials. As an innovation company, it sets trends in research-intensive areas. Bayer's products and services are designed to benefit people and improve their quality of life. At the same time, the Group aims to create value through innovation, growth and high earning power. Bayer is committed to the principles of sustainable development and to its social and ethical responsibilities as a corporate citizen.
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