Report Code: A14533 | Pages: NA | Mar 2023 | 1415 Views | ||
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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Waste To Diesel Market
Request Now !The term waste to diesel refers to the conversion of wastes such as single-use plastics and municipal wastes into valuable petroleum fuel, and diesel, which can be used to run automobiles as well as diesel generators along with numerous other applications. The waste to diesel technology typically uses the depolymerization techniques to breakdown the plastics into the high values diesel.
The waste to diesel market not only acts as a potential source of energy, but also assists in mitigating the concerns about management of wastes, especially plastic wastes as they do not decompose under normal situations and have a negative impact on the ecosystem. Hence, the waste to diesel market caters not only to the objective of meeting the global fuel requirement, but also helps to eradicate the cumbersome and potentially hazardous wastes from the surface, preventing the ecosystem.
Market Scope and Structure Analysis
The waste to diesel market is majorly driven by the rise in fuel requirements in the shipping, transportation, airways and construction business as the construction equipment and diesel boilers, ships, tractors & trucks, and diesel power generators are run by diesel as their primary fuel. The rise in concerns regarding the management of waste generated from rapid industrialization, especially in the developing countries is the key stepping stone for the emergence of waste to diesel market as an effective and cost competitive method of fuel production. The reserves are being depleted faster than ever, with the end to easy fuel era.
COVID-19 Impact analysis
The major driver of the waste to diesel market is the demand for diesel as a fuel for transportation purposes, either through shipping, or road transport or in diesel generators. The demand for fuel took a severe hit due to the lockdown and shutdown in the production industries. The hindrances occurring in the value chain of numerous industries also made a dent on the waste to diesel market. However, on the bright side, during the COVID-19 pandemic, the widespread use of Personal Protective Equipment (PPE) kits by the medical staff across the world led to the generation of large volumes of plastic wastes, which are capable of being used as a feedstock for waste to diesel market. The face masks and gloves are polypropylene and PVC thermoplastic polymer, respectively and they can be easily transformed to fuel energy via pyrolysis. The waste can hence be recycled into oil due to their thermoplastic nature having high oil content and the waste to energy conversion can potentially reduce the volume of PPE plastic wastes and increase the availability of diesel in the market. Thus, the large availability of disposed PPE kits can be a potential advantage to the waste to diesel market and serve as the stepping stone to the large-scale production and utilization of diesel from wastes.Â
Top Impacting Factors
Market Trends
Key Benefits of the Report
Waste to Diesel Market Report Highlights
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Key Market Players | Alphakat GmbH, American Renewable Diesel, LLC, Covanta Energy Corp., Foster Wheeler A.G., Green Alliance, Klean Industries Inc, Plastic2Oil Inc, Statkraft, Valero Energy Corporation, Ventana Ecogreen Inc. |
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