Um, this is expanded polystyrene, just with a fancy "polite" name. Per TFA:
Despite its uncanny appearance, geofoam is incredibly prosaic. Essentially, itβs polystyrene. Expanded polystyrene (EPS) geofoam β the most common type β is made from small polystyrene resin beads that contain microscopic cells filled with a blowing agent, which expand when exposed to steam under controlled pressure and are molded and fused into a brick shape.
* which is an absolute menace in my opinion
Edit: s/expanded polystyrene/styrofoam