Nov 18, 2013

Global waste to energy market growing

Admin
2 min
A growing volume of municipal solid waste, an increasing need to generate energy and stricter legislation are together driving the waste to energy...

A growing volume of municipal solid waste, an increasing need to generate energy and stricter legislation are together driving the waste to energy (WTE) plant market globally. Revenues – that at the end of 2012 accounted for $19 billion – are expected to reach $29 billion by 2016. 

Currently, the installation of new waste to energy plants are witnessing strong interest in regions with the highest population density and limited area, such as Western Europe, the Middle East and also South Asia. At the same time, regions with developed economies and an existing installed base of waste to energy plants are expected to create vast modernization opportunities by 2016.

“Landfilling of waste is no longer the economically sound process that it used to be a few years ago. Gate fees have risen considerably, leading market participants to explore competitive solutions,” says Frost & Sullivan Research Analyst Monika Chrusciak.

“Waste to Energy plants provide a waste treatment solutions which shift from limited recycling value to recycling with energy recovery. Successful operation of WTE plant relies on internal WTE plant economies, understanding of local conditions and also on an innovative business model.”

“The WTE market’s future prospects highlight the need for increased collaboration among stakeholders to complement each other’s expertise and knowledge base in tapping future growth opportunities,” adds Chrusciak.

The global waste to energy market is discussed and explored in a presentation by Chrusciak, which is now available online. The presentation - which is available in the form of a podcast - provides top level insight of the global waste to energy plant sector between 2009 and 2016.

It offers a strategic overview of the global waste to energy plant market and provides an understanding of the growing interest among waste management and energy generation companies in the waste to energy plants industry.

The presentation is also available on Slideshare at
http://www.slideshare.net/FrostandSullivan/waste-to-energy-plant-market

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Jun 7, 2021

Trafigura and Yara International explore clean ammonia usage

Shipping
fuel
Decarbonisation
ammonia
Dominic Ellis
2 min
Commodity trading company Trafigura and Yara International sign MoU to explore developing ammonia as a clean fuel in shipping

Independent commodity trading company Trafigura and Yara International have signed an MoU to explore developing ammonia as a clean fuel in shipping and ammonia fuel infrastructure.

Reducing shipping emissions is a vital component of the fight against global climate change, yet Greenhouse Gas emissions from the global maritime sector are increasing - and at odds with the IMO's strategy to cut absolute emissions by at least 50% by 2050. 

How more than 70,000 ships can decrease their reliance on carbon-based sources is one of transport's most pressing decarbonisation challenges.

Yara and Trafigura intend to collaborate on initiatives that will establish themselves in the clean ammonia value chain. Under the MoU announced today, Trafigura and Yara intend to work together in the following areas:

  • The supply of clean ammonia by Yara to Trafigura Group companies
  • Exploration of joint R&D initiatives for clean ammonia application as a marine fuel
  • Development of new clean ammonia assets including marine fuel infrastructure and market opportunities

Magnus Krogh Ankarstrand, President of Yara Clean Ammonia, said the agreement is a good example of cross-industry collaboration to develop and promote zero-emission fuel in the form of clean ammonia for the shipping industry. "Building clean ammonia value chains is critical to facilitate the transition to zero emission fuels by enabling the hydrogen economy – not least within trade and distribution where both Yara and Trafigura have leading capabilities. Demand and supply of clean ammonia need to be developed in tandem," he said.  

There is a growing consensus that hydrogen-based fuels will ultimately be the shipping fuels of the future, but clear and comprehensive regulation is essential, according to Jose Maria Larocca, Executive Director and Co-Head of Oil Trading for Trafigura.

Ammonia has a number of properties that require "further investigation," according to Wartsila. "It ignites and burns poorly compared to other fuels and is toxic and corrosive, making safe handling and storage important. Burning ammonia could also lead to higher NOx emissions unless controlled either by aftertreatment or by optimising the combustion process," it notes.

Trafigura has co-sponsored the R&D of MAN Energy Solutions’ ammonia-fuelled engine for maritime vessels, has performed in-depth studies of transport fuels with reduced greenhouse gas emissions, and has published a white paper on the need for a global carbon levy for shipping fuels to be introduced by International Maritime Organization.

Oslo-based Yara produces roughly 8.5 million tonnes of ammonia annually and employs a fleet of 11 ammonia carriers, including 5 fully owned ships, and owns 18 marine ammonia terminals with 580 kt of storage capacity – enabling it to produce and deliver ammonia across the globe.

It recently established a new clean ammonia unit to capture growth opportunities in emission-free fuel for shipping and power, carbon-free fertilizer and ammonia for industrial applications.

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