Nowadays, we are witnessing all the industrial structures being reorganized on the axis of the carbon dioxide technology to solve the problem of global warming. Therefore, there is need for various approaches even in the construction material industry to realization of the reduction of greenhouse gases and the recycling. Thus, this study sought to apply low energy binder material manufactured with industrial by-products to the extruded panels and develop a composite panel through the modularization of the insulator and the extruded panel. Results are as follows. Regarding the physical properties, the LEC panel had a lower flexural strength with 1.0 N/mm2 than the plain panel, while showing no less absorption rate, percentage of water content, density and compression strength than the plain panel. Panels and insulation attachment was found suitable for B Bond's XPS. It is found that B's glue for XPS is appropriate for putting together the panel and the insulator. As for the thermal transmission coefficient, the LEC panel was lower with 0.384 W/mK than the plain panel but the difference with the composite panel was a mere 0.047 W/mK indicating a similar thermal property to that of the plain composite panel.