Montenegro gets €50m EU loan; US medical waste disposal revenues rise; Boost for Australian waste and disposal services; Israel recycles more plastic bottles; Chinese smelters increase alumina stocks
€50m loan for industrial waste management in Montenegro
The World Bank has sanctioned a loan worth €50m (£39m) for an industrial waste management and clean-up project in Montenegro. The project will protect some of the country’s natural resources and minimise public health risks from exposure to certain industrial waste disposal sites which will be fully remediated.
Medical waste disposal services revenue to rise in 2014
IBISWorld has added a report on the medical waste disposal services industry to its regular collection. The medical facilities in the US are likely to produce more than 5.9 million tonnes of waste this year and the waste disposal services market is estimated to have grown at an annual rate of 4.7% over the past five years.
North Fork View
Australia’s waste treatment and disposal services revenue to surge
IBISWorld’s report estimated that the amount of municipal solid waste, commercial and industrial waste, and construction and demolition waste produced in Australia was 61 million tonnes in 2014-15. Of the total, the industry treats and disposes roughly 41.8 million tonnes of waste. The industry is likely to yield AUD2.7bn (£1.5bn) in revenues in 2014-15, up 4.9% from the previous year.
Israel recycles 52% of large bottles
The Ela Recycling Corporation, which collects large beverage containers in Israel, recycled 52% of them this year. The organisation said it might participate in launching the first plant in the country to manufacture such containers from recycled plastic. The deposit law mandates a 55% recycle target two years from now.
India’s EfW plants pose environmental threat
Energy-from-waste (EfW) plants in Ghazipur and Bawana region in Delhi, India are posing a severe environmental threat. A combined report by the Council for Scientific and Industrial Research and National Environmental Engineering Research Institute recommended that a mechanism needs to be developed for disposal of the residue or the refuse-derived fuel in the form of chlorinated plastic. The agencies observed that the segregation of municipal solid waste in the plant was insufficient and the residue thus produced was incombustible.
Chinese aluminium smelters build up alumina stocks
Aluminium smelters in China are increasing their capacity and buying more raw material alumina from the domestic and international markets before the end of the year as they view alumina prices will extend their strong run. A surge in buying is likely to push up global prices of the raw material, which have already moved up by 10% since June for delivery to China.
Vietnam scrap imports plunge in August
Vietnam’s scrap imports in the month of August witnessed a downfall as compared to a month ago. The country imported 258,000 tonnes of scrap during August 2014. This is 23.8% lower when compared with the imports during July this year.