AbstractThe building and construction industry is under increasing pressure to make insulation materials greener, more sustainable, and less flammable. In this study, sugar beet pulp was liquified under the optimized liquefaction conditions and used as the source of bio‐polyol (SBpol) in the production of bio‐based rigid polyurethane foam (sPUF). In order to improve the flame retardancy, sPUF composites were prepared with the addition of flame retardants; expandable graphite (EG) and/or dimethyl methyl phosphonate (DMMP). The bio‐polyol was used at a fixed ratio of 50 php in sPUF composites whereas the total ratio of flame retardants was fixed at 20 php. The effects of the ratio of EG and/or DMMP on the morphological, physicomechanical, thermal, and flame retardant properties of sPUF composites were evaluated. Although the thermal conductivity values of flame retardant added sPUF composites were increased in comparison to the petroleum‐based foam, the compressive strength values were decreased as the amount of DMMP increased in the flame retardant formulation. Thermogravimetric analysis showed that the onset of decomposition of 20 php DMMP‐containing sPUF composite decreased to 168.3°C. Although the limiting oxygen index (LOI) value of the petroleum‐based PUF was as low as 19.7%, the LOI value of the sPUF/10E/10D foam increased to 24.9% (by about 26%). According to the cone calorimeter results, the peak heat release rate (pHRR) of sPUF was much higher than the petroleum‐based foam. The incorporation of both DMMP and EG could further improve the flame retardant properties. The pHRR value of sPUF/10E/10D was 28.1% lower than that of sPUF. The results have shown that flame retardancy of sPUF composites could be improved by the addition of EG which acts in the condensed phase and DMMP, which acts mainly in the gas phase during burning. Flame retardant incorporated sPUF composites are considered as promising materials for use in insulation applications.