5 key things to look for in the future of 'waste to energy'
Keeping up to date with key trends and influences in the waste to energy market is a crucial part of our business, so with the newest reports available detailing trends, growth areas and forecasts we thought it would be useful to highlight 5 key areas which are likely to grow in importance over the next few years in this market. Here’s 5 key things to look for in the future of ‘waste to energy’.
- Control of landfill waste
This current concern will only grow in importance in the future, with governments and councils seeking to control the excessive waste produced by businesses and domestic residences in order to manage the amount of waste sent to landfill. There is likely to be some incentive offered in the form of tax rebates and subsidies in future for meeting or exceeding these stringent targets. At ReGen, we aim to send as little waste as possible to landfill, and thanks to the advanced technologies employed at our state of the art plant, we can recover up to 98% of materials processed for recycling, with residual waste processed as ‘Refuse Derived Fuel’, so that very little waste is actually left.
- Alternative energies from unconventional sources
Finding new ways to create energy, from ocean thermal energy to solar power will undoubtedly be the way of the future as we reduce our dependence on fossil fuels, but not even these alternatives are enough. Refuse Derived Fuel is the process of recovering energy from waste, which is used to generate steam and electricity without the need for fossil fuels. Our WTE activities result in bales of shredded and dried waste being supplied to Waste to Energy plants in Europe, and burned to generate electricity for local homes.
- Biological technology preferred to thermal technology
For converting waste to energy, thermal technologies are losing out in favour of biological methods, due to the effectiveness of the plants and inconstant results. Although thermal technologies still command 80% of the global waste to energy market, in the future we would expect to see more businesses adopt biological technology which uses anaerobic digestion to waste to energy conversion which is preferred for its biodegradability.
- Asia Pacific is the leading player in this global market
In terms of big players in this marketplace, Japan, China and India will fuel the growth in the waste to energy industry, no doubt in part thanks to their increasing waste production which will drive this need further. Other factors contributing to this growth are their higher propensity to adopt waste management technologies and the growing disposable incomes of consumers in this territory.
- Future waste to energy plants will be developed to deal with mega capacity waste
As the waste problem continues to grow, so too will the solutions to overcome it. In the future we would expect to see the development of mega capacity waste to energy plants around the world, capable of processing upwards of 2,000 metric tonnes of waste each day to create sustainable eco-systems globally and reduce the growing need for landfill sites.