Dive Summary:
- German environmental consulting group, ecoprog, released a new study detailing the rapid growth of the Waste-to-Energy market
- Group claims that $7.4 billion dollars is being invested annually in construction and maintenance of waste to energy projects. By 2016, they expect 250 new WTE facilities to come online processing approximately 70 million tons of waste each year
- More than 50% of the annual growth is expected to come from China.
From article:
The boom years are set to continue for the global waste to energy incineration market, even in spite of the European financial crises, growing to 7.2 billion euros per year by 2016, according to a new report by German environmental consultancy, ecoprog.
The report said that at present t approximately 6.1 billion euros per year is invested in new construction, modernisation and maintenance of thermal waste to energy plants throughout the world.
Across the world there are some 2150 thermal waste treatment plants are currently operational, and, according to ecoprog those facilities have the capacity to treat almost 250 million tonnes of waste per year.
Around a further 250 new waste to energy facilities with a capacity of approximately 70 million tonnes per year will be commissioned by 2016, the report found.
