Energy, chemicals, and oil are the various forms of energy, which are recovered from waste plastic. Some part of waste plastic is recycled and remaining is dumped into the ground, which means that energy worth millions of dollars is being dumped into the ground every day. According to estimates, around 8% i.e. 134 million tons of plastic exists in Municipal Solid Waste (MSW) worldwide, which can produce enough energy to replace around 237 MT of coal at full capacity.
The global energy from plastic waste market is segmented on the basis of four major geographies which include North America, Europe, Asia and RoW. Currently, in 2014, the market is dominated by Europe with 42.7% market share of the total market. North America is the fastest growing market with a CAGR of 11.2%.
Currently most of the plastic waste produced in North America is exported to China. However, with new regulations enacted by the Chinese government, North America has to dispose its waste in its local facilities. In Asia most of the market share comes from Japan due to its government policies for waste management.
Key Players
1. Agilyx
2. JBI Inc. (Plastic2oil)
3. Covanta Holding Corporation
4. CFP GROUP
5. Cynar PLC
6. RES Polyflow
7. Enerkem
8. Vexor Technology
9. Wheelabrator Technologies
