PA Consulting’s sustainable materials expert Tony Perrotta discusses the waste to energy (WtE) industry.
The article notes that the waste to energy (WtE) industry is seeing significant growth potential. Some predicted growth estimates indicate the industry will grow at a compound annual growth rate (CAGR) of over seven percent by 2024. Others show an estimated CAGR of about five percent by 2028. Regardless, the growth of the WtE is predicted to be high and will have an ongoing impact on the waste and recycling industry.
Today’s WtE technologies destroy or capture toxins from trash, including lead, mercury, volatile organic compounds, halogens and other pollutants, filter out harmful chemicals, eliminate landfill odor and destroy contaminated waste.
Tony said that keen attention will need to be paid to the changing regulatory landscape as well as the technology frontier facing the WtE industry. For example, there is increasing interest in synthetic fuels and waste to fuels processes, but government involvement will be critical in these areas. “A number of global levers are combining that show support for the growth of the WtE segment. You’ve got unprecedented amounts of waste compounded by a recycling infrastructure strained to its limits. Combine that with a growing distaste for the export of waste and a near endless thirst for energy and the growth makes sense.”
The business case for sustainability has never been stronger – it is a massive commercial, purpose-led opportunity