Gasification will become the next key technology for investment, according to a senior industry figure.
Paul Levett, non-executive director and member of the advisory board at Eternity Capital, said the specialist investment group was looking to invest in gasification plants in the UK to exploit refuse-derived fuel (RDF) that is currently being exported.
Exports of RDF to Europe have increased significantly every year since 2009 and in 2012 the amount tripled from the previous year to 892,000 tonnes.
Levett, left, told MRW he predicted the amount of exported RDF would be at least two million tonnes by the end of 2013 but he said there was currently no spare gasification capacity in the UK.
He said the capacity had not been built because “three to four years ago we didn’t know that landfill tax would go up to £80, which set the economic foundations for these plants to be built. But then the banks were in trouble.”
Gasification was now seen as an investment opportunity. “Shipping is very expensive and directing RDF into UK gasification plants would make sense and contribute to renewable energy targets.”
Gasification technology tested at full scale in Canada and Japan “should be entirely suitable”.