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Waste2Energy Holdings, Inc (OTCBB: WTEZE) is a worldwide supplier of proprietary gasification technology designed to convert municipal solid waste, biomass and other solid waste streams traditionally destined for landfill into clean renewable energy. Waste2Energy Holdings, Inc. is a competitor in the rapidly growing worldwide market for waste-to-energy systems.
There is an increasing trend worldwide to move away from landfills and find some purpose for refuse other than burying it. While the Europeans lead this movement , this trend will likely be mirrored in North America as well. While a large priority has been put on minimizing waste and recycling, the conversion of ordinary waste is a new opportunity for green companies to become involved in and profit from. In fact, with the growth that is taking place now, it is becoming its own industry. According to Frost & Sullivan studies in this sector, the waste to energy market in Europe is growing and will continue to do so for at least 10 years. Europe's waste to energy capacity is expected to increase by around 13 million tons. Nearly 100 new plants will come on line by 2012.
According to Sam Hopkins blog of September 24, 2008 , by 2007, with the advent of the green movement, use of biogas climbed to 5,621 MW, a growth of 144% in seven short years, which works out to a compounded annual growth rate of 13.6%. But with constantly improving technology, and a growing interest for using domestic energy, the use of waste to energy facilities is slated to grow another 173% in the next five years as the industry adds another 9,699 MW worth of capacity.
The consumption habits of modern consumer lifestyles are causing a huge worldwide waste problem. Local landfills are becoming harder and harder to expand and maintain as well as very expensive to construct. In fact lots of refuse is now being exported to 3rd world countries. Damage of ecosystems and resources is significant all over the world. Companies like Waste2Energy Holdings are now developing new ways to recycle waste by generating electricity from landfill waste and pollution.
The conversion of waste into energy:
Waste-to-energy (WtE) or energy-from-waste (EfW) is the process of creating energy in the form of electricity or heat from the incineration of waste source. WtE is a form of energy recovery. Most WtE processes produce electricity directly through combustion, or produce a combustible fuel commodity, such as methane, methanol, ethanol or synthetic fuels.
Waste2Energy has a number of systems which are used for converting ordinary trash and refuse into energy. The first one is the Small Batch Oxydation System (sBOS) in which mixed and unsorted waste is place into the hopper at the front of the unit. Once processed, the energy by product is electricity (from heat) and steam (also from heat generated during processing. Below is a graphic of the process with the sBOS.
W2e's sBOSTM is ideal for on-site destruction of facility-generated waste streams from mines, oil fields, military, medical, hospitality, commercial, industrial or other installations. The unit also has optional conversion to intermittent or stored energy.
These units are currently used at a number of locations including: Ronald Reagan Strategic Missile Base, Kwajalein Atoll for mixed and hazmat wastes, Husavik, Iceland-mixed municipal wastes, BP/ARCO – Alaska for drilling camp wastes, Pogo Gold Mine, Philippines for mining camp wastes, Cayman Islands - hospital wastes and Conoco-Philips, in Alaska for-drilling camp wastes.
More information on Waste2Energy’s systems including Continuous Batch Oxidation System (cBOS) and Continuous Oxidation Reactor (CORTM) can be found on their Technologies page at http://www.waste2energy.com/ .
Market Size
According to BCC Research , the following statistics apply to the global Waste to Energy market through 2014:
- The global market for WTE technologies was worth $19.9 billion in 2008. This is expected to increase to $26.2 billion in 2014, for a CAGR of 6.7%.
- Thermal WTE technologies have the largest share of the market, worth $18.5 billion in 2008. This should reach $23.7 billion in 2014, for a CAGR of 5.1%.
- The biological WTE segment generated $1.4 billion in 2008. This should increase to $2.4 billion in 2014, for a CAGR of 11.4%.
Opportunity
Waste2Energy already has the equipment and a global presence. The conversion of waste to energy is becoming increasingly important of waste management programs around the world. The sheer volume of waste is absolutely forcing everyone across the face of the planet to look harder and harder at ways to convert all of this garbage into something we can use instead of sending it somewhere else or putting it into the ground (which is a whole big issue in itself). Environmental and Political pressures are driving waste management toward the conversion of waste into energy which is cost effective and actually provides something in return that we all need- energy!
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$39.0 (11/02/09)
