Our data shows an increasing trend in the development of advanced recycling plants worldwide
(PRWEB UK) 10 September 2014
According to an analysis of the Waste Business Finder database in August 2014, published in Waste Industry Sales Monitor (http://www.acucomm.net/wism), there were 23 recycling plant developments reported with an identified value of US$295 million and an indicative value of US$667 million.
Popular recycling areas include household items such as plastics, paper, glass or e-waste, but also highly specialist areas such as industrial solvents, scrap vehicles and ships. Different countries, regions and industries all have different needs, but all increasingly recognise the economic value to be extracted from recycling, leading to growing receptiveness to new specialist technologies for doing this.
Typical of these developments is the e-waste recycling plant in Karcag, Hungary – the first of 3 plants at a new Eco Centre. Funded by the EU, the Hungarian government and private investment, the combined plant is designed to recycle 20,000 tonnes of electrical and electronic scrap as well as over 150,000 refrigerators a year to meet European environmental standards and achieve a recycling quota in the region of 95%.
The USA accounted for four projects, equal to 17% of the total, with Germany, Hungary, India and New Zealand each accounting for two projects.
Eric Wigart, Chairman of AcuComm, commented: “New technologies are allowing beneficial recovery of an ever wider range of materials. Our data shows an increasing and welcome trend in the development of advanced recycling plants worldwide and thereby avoiding the negative environmental consequences of landfill disposal”.
AcuComm’s Waste Business Finder database currently profiles 530 recycling plant development projects and identifies 1,351 associated decision makers. Further information can be found at http://www.acucomm.net/recycling.