Market News
Recent Developments
New product launches
- Springer: Springer (company of books, e-books and peer-reviewed journals) has introduced an innovative technology that transforms waste plastics into valuable fuels. This technology utilizes pyrolysis, a process that breaks down the plastics into their elemental components. The resulting fuels can be utilized for powering vehicles or generating electricity.
- Scimago: Scimago has unveiled a new technology that converts waste biomass into biogas. The process employed is known as anaerobic digestion, which decomposes the biomass in an oxygen-free environment. The produced biogas can be harnessed to fuel vehicles or generate electricity.
- Lystek: Lystek (waste treatment Technology Company) has launched an advanced technology for converting waste plastics into chemicals. The technique employed is called gasification, which disintegrates the plastics into their constituent elements. The resulting chemicals can be utilized in the production of a diverse range of products, including plastics, fertilizers, and fuels.
- Honeywell: Honeywell has introduced an innovative technology for converting waste biomass into hydrogen. This technology employs a process known as steam reforming, which decomposes the biomass in the presence of steam. The resulting hydrogen can be used to power vehicles or generate electricity.
- ThyssenKrupp: ThyssenKrupp has unveiled a cutting-edge technology for converting waste plastics into fibers. The process involves melt spinning, which melts the plastics and extrudes them into fibrous form. The resulting fibers can be used in various applications, such as textiles, composites, and insulation.
Acquisition and partnerships
- Brightmark Energy and Ineos Styrolution Partnership: In June 2021, Brightmark Energy, a U.S.-based waste and energy company, announced a partnership with Ineos Styrolution, a global styrenics supplier. The partnership aims to develop a facility in Asia for converting plastic waste into circular solutions, including chemical recycling and the production of styrenic polymers.
- Hitachi Zosen and Mitsubishi Heavy Industries Partnership: In November 2020, Hitachi Zosen Corporation, a Japanese environmental and energy company, and Mitsubishi Heavy Industries Engineering, Ltd. entered into a partnership for waste-to-energy projects in Japan and overseas. The collaboration focuses on combining their respective technologies and expertise to develop and operate advanced waste treatment and biomass power generation facilities.
- Enexor BioEnergy and Sumitomo Corporation Partnership: In 2020, Enexor BioEnergy, a U.S.-based renewable energy company, partnered with Sumitomo Corporation, a Japanese trading and investment company. The partnership aimed to introduce Enexor's bioenergy systems in Japan, utilizing biomass and waste resources to generate electricity and heat for various applications.
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