[STUDY] Demand Increases for MSW Management Services
New analysis from Frost & Sullivan, Global Municipal Solid Waste Management Services Market, finds that the market earned revenues of $160.52 billion in 2013 and estimates this to reach $296.86 billion in 2020.
"MSW management solutions are witnessing strong demand from regions with a high population density but limited area, such as Europe and some countries in the Asia-Pacific (APAC) region," said Frost & Sullivan Energy & Environmental Research Analyst Monika Chrusciak. "However, current core MSW management service markets such as Western Europe and Japan are expected to gradually decline, while markets such as South Asia, Latin America and Central Europe are anticipated to grow."
However, market growth will be disrupted by the widespread preference for inexpensive waste management solutions based on landfilling. In addition, the relatively high initial investment cost of installing new MSW processing plants could limit interest in waste processing projects. It could also discourage market participants from investing in these plants, leading to a lack of competitive solutions and the stagnation of the MSW services market in developing regions such as the Middle East, Africa and APAC.
Weak legislative support and lack of funding for the future development of MSW processing infrastructure in developing countries too are an issue. Further, the rising prevalence of unsorted MSW – mixed with inert and organic material – is adversely affecting the quality of the secondary material and increasing the cost of handling, in turn reducing the profitability of market participants in this space.
"To overcome these challenges, waste management companies need to ensure proper sorting and collection through direct and close cooperation with the waste-generating customer," noted Chrusciak. "Companies should also employ integrated management solutions for MSW separation, collection, sorting and processing."
The growing volume of municipal solid waste (MSW) and strict waste management legislation – dictating the need to reduce waste, raise recycling levels, and lower landfilling levels – are driving the global MSW management services market. Waste management companies are establishing efficient collection systems and strengthening their recycling capabilities to adhere to the legislations and ensure customer satisfaction.
The report says that coupled with the rising awareness on sustainable development and waste treatment options, this will open up several opportunities for MSW management service providers. In particular, MSW management service providers will find opportunities in APAC, specifically China, due to evolving waste treatment practices.
Drax advances biomass strategy with Pinnacle acquisition
The Group’s enlarged supply chain will have access to 4.9 million tonnes of operational capacity from 2022. Of this total, 2.9 million tonnes are available for Drax’s self-supply requirements in 2022, which will rise to 3.4 million tonnes in 2027.
The £424 million acquisition of the Canadian biomass pellet producer supports Drax' ambition to be carbon negative by 2030, using bioenergy with carbon capture and storage (BECCS) and will make a "significant contribution" in the UK cutting emissions by 78% by 2035 (click here).
This summer Drax will undertake maintenance on its CfD(2) biomass unit, including a high-pressure turbine upgrade to reduce maintenance costs and improve thermal efficiency, contributing to lower generation costs for Drax Power Station.
In March, Drax secured Capacity Market agreements for its hydro and pumped storage assets worth around £10 million for delivery October 2024-September 2025.
The limitations on BECCS are not technology but supply, with every gigatonne of CO2 stored per year requiring approximately 30-40 million hectares of BECCS feedstock, according to the Global CCS Institute. Nonetheless, BECCS should be seen as an essential complement to the required, wide-scale deployment of CCS to meet climate change targets, it concludes.