Waste to Energy (WtE) is the process of energy generation from the treatment of waste. Municipal solid wastes, process wastes, medical, and agricultural wastes are used for energy generation. The waste consists of both biomass and non-biomass materials such as paper & paperboard, food waste, plastic, glass, and metal. Waste to Energy also aids in waste management as it reduces the amount of wastes ending up in landfills.
The major drivers for the growth of waste to energy market include the increasing popularity of renewable energy resources, high waste generation, stringent regulations regarding waste disposal, and world policy regarding climate change such as the Kyoto Protocol and Paris Climate Agreement. The restraining factors for the growth of the market include low fossil fuel prices, which can be attributed to an oversupply of crude oil and gas due to increased production from shale reserves in the U.S. The availability of low cost feedstock has significantly reduced the costs of production of conventional plastic.
Global Waste to Energy Market Taxonomy:
By Waste Type:
Waste to energy can be achieved by utilization of chemical (esterification), bio-chemical or thermo-chemical technologies. The use of these technologies is decided based on numerous factors, which include the composition and type of waste, calorific value, and the final energy form. The energy generated is utilized for applications such as electricity and heat generation, which is predominantly achieved by incineration. Transport fuels such as ethanol, bio-diesel, and bio-jet fuel are produced by processing waste. Increased blending of ethanol to gasoline is expected to bolster market growth for ethanol generation.
Global Waste to Energy Market Outlook:
In October 2017, Wood Group announced the acquisition of Foster Wheeler. The acquisition allows Wood Group to strengthen its renewable energy business portfolio. Major players operating in the waste to energy market include Austrian Energy & Environment Group GmbH, Arrow Ecology Ltd., Babcock & Wilcox Vølund A/S, Constructions Industrielles De La Editerranée (CNIM), Covanta Energy Corporation, Essent N.V., Haase Energietechnik AG, Wood Group, Qinetiq, and Pacific Renewable Fuels Inc.
Waste to Energy Market Key Developments:
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