Green Investment Bank Warns of Potential Energy-from-Waste Investment Gap in UK
The UK currently has excessively large quantities non-recyclable waste in its landfills, and needs £5 billion to reduce it.
This is according to a new report out from the government backed Green Investment Bank. The 23-page report predicts a gap in energy-from-waste capacity in coming years. It notes the UK’s lack of attention to the energy-from-waste market, which is lagging behind other European countries such as Sweden and Denmark—both of whom are leaders in the energy-from-waste world.
Some believe Britain is poised to have an energy-from-waste boom, though, as pressure increases to reduce the amount of landfill waste. There is support for this in the form of landfill taxes that are forcing the issue of finding alternative ways to deal with waste.
Green Investment Bank’s report that despite this support and pressure, an unacceptable amount of Britain’s waste is still being sent to landfills. The annual figures, while lower than previous years, still amount to some 85 million tons of waste.
The report predicts that by 2020, there will still be 26.5 million tons of unrecyclable waste will be produced. There are still significant investment opportunities in the EfW sector, and the repot suggests roughly £5 billion is a realistic figure for meeting necessary goals. The investments would also bring around 6,000 new jobs to the UK.
"There is clearly a capacity gap in the UK waste market," Chris Holmes, managing director of waste and bioenergy at Green Investment Bank, said. "We stand ready to back the next generation of UK waste projects, many of which we hope to see using some of the exciting newer technologies that have come to the market in recent years. Energy-from-waste infrastructure remains an attractive asset class, offering good financial and environmental returns and a strong project pipeline over the coming years."
Trafigura and Yara International explore clean ammonia usage
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.