Research and Markets: Global Energy Chemicals and Oil Market From Waste Plastic 2015 Report
June 17, 2015 | By Business Wire News
DUBLIN
Research and Markets (http://www.researchandmarkets.com/research/slrw3v/global_energy) has announced the addition of the “Global Energy Chemicals and Oil Market from waste plastic – Recovery & Technologies – Recycled Plastics & Plastic Waste to Oil Industry Analysis, Size, Share, Growth, Trends And Forecast, 2014 – 2020” report to their offering.
With the increasing trend of recycling and recovering from waste and initiatives towards the preservation of non-renewable resources, the process of deriving chemicals and oil (petroleum) from waste plastic is gaining momentum. Waste plastic, broken down into petroleum, contains more energy than coal and hence is a profitable way of recovering energy. A number of companies entering the business those collect and convert waste plastic into clean fuel, proving both economically and environmentally beneficial. The advent of plastic generation’, created serious issues that revolved around plastic usage and its disposability.
Countries all over the world face issues of waste management and landfills. The US alone has been producing over 31 million tons of plastic, out of which a very small percentage is recycled. Over the years, various solutions proposed (diversion, burning, etc.) have not been cost effective, energy efficient or environmentally sound. Countries with a specialised focus on waste management strategies have provided incentives for organisations to take initiative in recovery of energy through viable means. Extracting energy from waste plastic is done through a process called pyrolysis- a process that melts plastic in the absence of oxygen, turning it into petroleum. Globally, a number of companies have been attempting to commercialise this technology, however only few have managed to get a foothold in the market. Organizations in this industry buy waste plastic from local sanitation companies and process it in the manufacturing plants with almost extracting 80% fuel from the plastic.
Key Topics Covered
- Executive summary
- Market Overview
- Market Determinants
- Market segmentation
- Sector Analysis
- Key Strategies
- Geographical analysis
- Companies Profiled
Companies Mentioned
- Agilyx
- CFP
- Covanta
- Cynar PLC
- Enerkem
- JBI Inc. (Plastic- il)
- RES Polyflow
- Vexor Technology
- Wheelabrator Technologies
For more information visit http://www.researchandmarkets.com/research/slrw3v/global_energy.
View source version on businesswire.com: http://www.businesswire.com/news/home/20150617006452/en/
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Sector: Energy and Natural Resources, Recycling and Recycled Materials, Recycling and Recycled Materials
