I was removing some ancient hanging cabinets in my small laundry room when I found an old vent of some kind. It had been completely hidden behind the old cabinetry. My dryer vents out through the roof so I want to close and seal this opening, especially before it gets really cold.
I believe the gist of it is that I fill the hole with insulation and put some drywall on the inside. I then cover the outside with some sort of aluminum plate or plywood. Any experts out there have input as to choice of insulation or external covering? I think the box is too big for the kind of spray foam one would use around pipe holes. I have stucco on the outside of my wood house. Also, should I remove the inner walls of the box or just leave well enough alone?

It is metal plating on the inside of the box. What do you think about putting plywood over the metal? Would that help against heat transfer? I'm just worried about creating a huge mess by ripping out the current plates. I pulled off the trim last night.
I'll have to figure out how to get rid of the louvres. The bottom 3 or so are open to the outside while the ones at the top are obscured by the back of the rain gutters. How would one protect the plywood from moisture? Some sort of rubber material?
– Ryan Nov 18 '10 at 20:54