Global market ‘$300bn by 2020’; China’s takeover policy change; tyre plant in Oman
Global municipal waste market to approach $300bn by 2020
The global municipal solid waste (MSW) market will generate $297bn (£177bn) in revenue by 2020, up from $160.5bn in 2013, according to a new report from market analysts, Frost & Sullivan.
The report found that waste management companies are establishing more efficient collection systems and strengthening their recycling capabilities to meet changing regulations and to meet ensure customer demands. Analyst Monika Chrusciak said current core markets such as Western Europe and Japan would be expected to gradually decline, while markets such as South Asia, Latin America and Central Europe are anticipated to grow.
The study covers the collection, landfilling, recycling, biological treatment, incineration and reuse segments.
Waste Management World
China backed over steel ownership policy change
ArcelorMittal, the world’s largest steelmaker, has welcomed the potential removal of a nine-year block on overseas takeovers in China’s steel industry.
The world’s top producer is considering scrapping the ban which may be a catalyst for global mills to revive a push into China’s $423bn steel sector where demand is seven times greater than in the US, the next biggest market. ArcelorMittal is one of the few foreign steel mills with investments in China since the ban on overseas control was imposed in 2005.
Aquila in talks with white knight to thwart Baosteel
Aquila Resources and its new strategic stakeholder Mineral Resources plan a deal which could thwart Chinese steel giant Baosteel Resources’ $1bn bid for Aquila. Aquila and Mineral Resources say they aim to make an announcement on a transaction by Wednesday but spokesmen declined to comment on the nature of the deal.
At stake is the $7bn West Pilbara Iron Ore mine, rail and port project in Australia, which has been on ice for nearly two years, as Aquila has not been able to fund its 50% portion of the massive project. Mineral Resources last week bought a 13% stake in Aquila in the hope of securing a deal with Baosteel to sell its stake in return for a construction contract on the project.
Punjab launches waste strategy
A solid waste management project is to be launched across Punjab. Under the project, there will be 100% door-to- door collection of solid waste. The government has divided all municipalities in the state into 8 clusters for implementing the project.
Nepal capital plans own waste management service
Kathmandu Metropolitan City (KMC) is planning to launch its own waste management service in the capital, a task currently carried out by private firms until now. KMC expects to control haphazard fees levied by private firms for garbage collection and a provide better service.
Service tariffs will be based on the quantity of the waste generated from households and business establishments every month but on aberage they will be paying about 12% less. The tariff rate will also vary in case of business establishments depending on their scale.
First tyre recycling plant to open in Oman by 2017
Oman’s first tyre recycling plant will be operational in South Batinah by early 2017, convertingend-of-life tyres into granules which can again be used for making tyres, asphalt and in other industries.
It will have a capacity to process 30,000-40,000 tonnes per year, as that is the current flow of used tyres in Oman currently. The biggest challenge is said to be the organisation of a tyre collection system.