Circular economy will create growth opportunities for extracting energy from hard-to-recycle waste, finds Frost & Sullivan's Environment & Water team
LONDON, April 5, 2017 /PRNewswire/ -- The European waste to energy (WTE) market is experiencing steady growth. A circular economy, the European Union (EU) 2020 renewable energy target, country-specific regulations and incentives to increase energy efficiency favour this pro-WTE trend. As a result, waste management, modernisation of WTE plants, research and development into new WTE technologies, and public and private partnerships (PPP) are garnering attention.
European Waste to Energy (WTE) Plant Market, Forecast to 2020, new analysis from Frost & Sullivan's Environment & Water Growth Partnership Service program, provides an in-depth insight into the WTE plant market in Scandinavia, Benelux, Germany, France, the United Kingdom and Alpine. The study analyses drivers, restraints and regional outlooks. It assesses the WTE aspect of municipal solid waste management and dominant incineration technologies, such as grate, gasification and fluidized bed.
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"WTE plants are a key factor for quality recycling and pave the way for a circular economy that will bring in more employment opportunities, especially in semi-skilled and entry-level jobs," said Frost & Sullivan Energy & Environment Research Analyst Akshaya Gomatam Ramachandran. "To capture new opportunities, leading municipalities and corporations should develop new circular models along their supply chains, target hard-to-recycle materials within waste types to achieve the zero-waste goal, and follow the eco-effectiveness approach to generate cyclical, cradle-to-cradle material flow."
The grate-based incineration system is set to dominate the market in terms of revenue and the number of plants installed. This is due to high maturity, robustness, flexibility and cost effectiveness. Other WTE developments include:
"To improve the quality of the existing WTE services and harness additional capacities, a substantial amount of investment is needed. Innovative firms and small and medium enterprises should look toward PPP as a way to build strong financial support," noted Ramachandran. "PPP will trigger foreign direct investment and produce new-generation WTE plants that are likely to yield significant revenue."
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