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Waste to Energy Market: Steering towards a Better World
A waste to energy plant is used to convert industrial or municipal solid waste into a form of energy i.e. into electricity or heat. This is an ecologically sound and a highly cost-effective approach for energy recovery. The energy is generated for industrial processing and district heating systems. The plant works by burning the solid waste at an extremely high temperature. The heat of the same produces steam which is subsequently used to drive a turbine that generates electricity.
The concept of waste to energy has significantly caught fire over the years and advancing technologies have further enhanced this methodology even further. Contrary to some beliefs, this approach is not just trash disposal method, rather it’s a way of recovering valuable resources. It plays a highly important role in ensuring a sustainable waste management chain and is entirely complementary to recycling. More than 90% of the metals contained in the bottom ash of the earth can be reused and the rest can be reused as road materials. Waste to energy helps recover the same with its process.
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An Effective Methodology
Waste to Energy is one of the most useful and robust alternative energy options available for reducing the emission level of Carbon Dioxide and replace fossil fuels. Approximately, it is calculated that 2 out of 3 of every household waste can be classified as biomass. Thus, 2/3rd of the waste can be recovered as CO2 neutral energy and help curb down the dependence on fossil fuels. The European waste to energy plants boast the lowest emission level compared to all industrial sectors.
A host of new waste to energy market technologies are incepting in the global market. The Hydrothermal Cabonization (HTC) is one of them. It fast tracks the slow process of geothermal conversion of wet waste at a high pressure with an acid-based catalyst and heat in order to simulate the hydro-char production, which holds properties similar to that of fossil fuels. The primary advantages linked with this is the low level of processing time and the similar operating conditions that is required to generate the same level of energy.
What’s driving the Market Growth?
The fast-paced exhaustion level of renewable energy sources is massively generating a demand for advanced technologies like waste to energy. The global market is seeing high demand due to the ongoing energy crisis linked with the frightening consumption of energy and an imperative need to manage the huge amount of waste piling up across the globe. Moreover, the market is slated to grow at a notable pace in the coming years due to the various government initiatives and abundance of waste.
China: Leading the Global Waste to Energy Market
China boasts the largest number of installed waste to energy capacity among every country with more than 300 plants in operation. The capacity has further increased every year by 26% in the last 5 years, strikingly ahead of the OECD countries that are growing at an annual rate of 4%. The Chinese government lays focus on this technology as it serves a dual-purpose solution. Not only does it generate electricity, it also gets rid of the waste problem that haunts the urban areas.
The country is now on the verge of producing the world’s largest ever waste to energy plant in Shenzhen, Southern China. The architects of the structure describe the creation to be clean, simple, and absolutely iconic. The mammoth structure will process up to 5000 tonnes of waste every single day once it starts operating.
The Shenzhen city hosts a population of more than 10 million and produces a massive amount of waste. SHL architects predict close to 15,000 tonnes of waste is produced in the city every single day. These huge pool of waste will be used by the plant to generate electricity.
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