Waste to diesel is a relatively new
concept and an unconventional source of energy. In this process, diesel is
produced from municipal waste, plastic waste, and oil and fat waste. Our planet
is suffocated by waste, and waste management is a costly affair, without any
scope of a return on investment. Our blue planet is also facing troubles with
depleting fossil fuel reserves. Waste to diesel is a concept that provides
relief from both these modern urban problems by churning out automotive usable
diesel from urban waste. This is a highly lucrative market which started not
too long ago in the USA and Europe, where the problem of waste management is
optimum.
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This method of diesel production is
yet to be started in Asia-Pacific and in Latin American regions, which produce
huge quantity of waste each year on a commercial scale, and provides it with a
huge opportunity to grow in these regions. It is expected to generate more and
more fuel in the future as its reach increases to the highly populated cities
where the waste industry is still untapped.
One of the primary drivers for this
industry is the increasing demand for transport fuel and a rise in global crude
oil prices. It is estimated that if the annual waste of the world is processed
into energy, it could take care of about one tenth of the energy requirement of
the world. Another important aspect is the disposal of waste in big cities,
where millions of tons of waste is accumulated every year, which has no
economic value and is a problem to dispose, without polluting the environment.
With cheap raw material available, manufacturers can afford to spend on R&D
and still produce diesel at rates comparable to, if not less than, the market
rates.
There is, however, a long time
restraint to this industry. With more and more vehicle manufacturers turning to
manufacture emission-free vehicles, diesel might find itself out of favor.
There is a clear first mover advantage in this industry as companies try to
gain monopoly by contracting with municipalities or even the governments of
nations. Covanta has gained exclusive rights for all household waste in the
U.S., and non-exclusive rights in Ireland, China, and the UK. Although the cost
of raw materials is low, the expense of procurement and logistics is
considerable. Some of the market players in this market are Covanta, Alphakat,,
American Renewable Diesel, LLC and others.
This research report analyzes this
market depending on its market segments, major geographies, and current market
trends. Geographies analyzed under this research report include
- North America
- Asia Pacific
- Europe
- Rest of the World
This report provides comprehensive
analysis of
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for upcoming
years
This report is a complete study of
current trends in the market, industry growth drivers, and restraints. It
provides market projections for the coming years. It includes analysis of
recent developments in technology, Porter’s five force model analysis and
detailed profiles of top industry players. The report also includes a review of
micro and macro factors essential for the existing market players and new
entrants along with detailed value chain analysis.
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