While parliament sleeps, business works – in energy from waste (EfW) at least.
So far in August, Viridor has submitted plans for an energy recovery facility in south London, which would be operational by 2016 if approved (MRW.co.uk/8634011.article). Meanwhile it was chosen for as preferred bidder to build an EfW facility in Peterborough by 2015 (MRW.co.uk/8634137.article).
Kier lost out to Virador in Peterborough, but has announced that it is investing £24.4m to buy a 50% stake in anaerobic digestion firm BiogenGreenfinch (MRW.co.uk/8634051.article). Elsewhere. Air Products has approvals to build and operate an advance gasification EfW plant in Teeside (MRW.co.uk/8634187).
Prospects for those outside energy from waste less certain. Exclusive MRW research shows that the markets for reprocessed materials are reaching close to the 2008 pricing crash. Prices for some paper grades and plastic bottles are down by almost a half on the year, with increased domestic supply recued demand from China and increased energy and transportation costs all playing a part.
The industry will be keeping a close eye on these trends, but the prognosis is bleak, with little prospect of an improvement in the short term. Such economic conditions will favour those with diverse business models.