Foam Glass Thermal Insulation Material Produced in Pécs

Hungaro Energy Natural Gas, Energy Trading and Service Provider Ltd. of Pécs, S Hungary, which is engaged in the sale of natural gas and electricity, related maintenance activities and energy consulting, is starting the production of foam glass for use as thermal insulation in the construction industry.

According to a statement sent to MTI by the Hungarian-owned company, which has been operating since 2008, it has won HUF 1.5 billion in conditional non-reimbursable EU funding under the Economic Development and Innovation Operational Program Plus (Ginop+) to launch the new business and create the necessary technological background.

Under the project, the company acquired the necessary equipment for the production of foam glass, including a production line for processing glass waste, producing glass cullet and glass slurry, and producing foam glass, as well as a 40-kilowatt biomass boiler.

According to the press release, the company started producing foam glass, an insulating material for the construction industry, because it identified a niche market for the efficient recycling of used municipal and industrial glass waste, such as bottles, jars, windows and windscreens.

The company expects its new development to be marketable because of the explosion in demand for foam glass in the region in the short term, driven by tightening building and environmental regulations and investors' desire for energy-efficient technologies.

According to publicly available company data, Hungaro Energy Natural Gas, Energy Trading and Services Ltd. had net sales of HUF 41.852 billion in 2023, up from HUF 8.884 billion a year earlier, with more than a fifth of its revenues coming from exports. The company closed with a profit of HUF 141 million in 2023, compared to HUF 195 million after tax in 2022.