Dayton OH for code purposes (climate zone 5).
I have been preparing to blow in fiberglass insulation to my attic (had likely-asbestos-containing vermiculite abated) by installing soffit vents, using expanding foam to seal holes and gaps, making sure the electric is all done so I never have to come up here again: once I have 17+" of fiberglass (to achieve R49), I know that getting around is going to be terrible.
I realized today that I had given no through whatsoever to the giant chimney. Currently unused, but we'd love to eventually get it operational again. I say "unused" but I think the water heater might be venting into it in the basement. Anyway, after some research it seems that combustibles need to be 2" away. Fiberglass isn't a combustible, but I'm trying to go above and beyond code since I live here and far into the realm of "best practices."
Without any guidance, my plan is to get some 3.5" bats of rigid-ish mineral wool meant for stud bays and just... wrap the chimney up above the 17" mark, holding it on there with a bunch of aluminum foil tape, then ignore it while I blow in the fiberglass. Is this acceptable? Is there something I ought to be doing (instead)?