by Web Editor | Aug 18, 2017 | News
Maine’s glut of softwood fiber created by closed paper mills makes the state an ideal location for a factory that can produce insulation board from wood, a Belfast architectural and construction firm says, and it’s trying to find a European manufacturer that shares that vision.
GO Logic, which specializes in energy-efficient buildings, says it’s negotiating with undisclosed companies that make wood-based insulation board in Europe, where the product already is in commercial use. The goal is to have a plant operating here within two years.
Two of GO Logic’s executives also attended an affordable housing conference Aug. 3 and 4 in Philadelphia. One of them, GO Logic co-founder Matt O’Malia, was an invited speaker and discussed the company’s efforts. They also planned to line up commitments from a retailer in the New York City area to carry the product, as well as some contractors and a prefab builder. That’s crucial to attracting financing.
GO Logic also has been in discussions with a Maine lumber company that could be a source of sawmill waste, as well as a family-owned lumber yard with nine stores in Maine’s midcoast.
Taken together, these actions are another example of how businesses are looking at Maine’s abandoned paper mill sites and surplus capacity in wood harvesting to create new opportunities. Other efforts involve biofuels, agriculture and electricity generation.
From the Portland Press Herald: https://www.pressherald.com/2017/08/17/company-works-multiple-angles-to-produce-innovative-insulating-boards-in-maine/
by Web Editor | Feb 10, 2017 | News
A new report from market research firm Allied Market Research (AMR) projects that the global engineered wood market is estimated to reach $41.273 billion by 2022, growing at a compound annual growth rate (CAGR) of 24.8 percent from 2016 – 2022. North America and Europe, being the developed markets, account for nearly 70 percent of global engineered wood production, while still maintaining high CAGRs.
Engineered wood demand is expected to remain high during the forecast period as it is an alternative to concrete and hardwood. Engineered wood products are widely used by architects, builders, code officials, and building designers aware of energy-efficient framing practices that conserve energy, speed-up construction, cut labor cost, and reduce waste.
“The rising popularity of engineered wood over hardwood is attributable to its cost-effectiveness and eco-friendly aspect,” says AMR research analyst Yogiata Sharma. “Also, stringent regulations with regards CO2 emission and rapid deforestation are factors likely to propel the adoption of engineered wood. Despite the reservations, surrounding its usage due to safety concerns, composite wood has proved to be a huge commercial success.”
The market is expected to move at a higher pace in Europe and North America, owing to high disposable income and widespread awareness of the benefits of engineered wood among the populace. The engineered wood industry in Europe will be driven by the rise in demand for engineered timber, substantial use of resources, and increased import of raw wood from Asia-Pacific and LAMEA.
From Woodworking Network: https://www.woodworkingnetwork.com/news/almanac-market-data/engineered-wood-market-reach-413-billion-globally-2022?ss=news,news,woodworking_industry_news,news,almanac_market_data,news,canadian_news
