Forecast for global industrial waste management market; Global WEEE recycling market; Australian mobile phone recycling; Funding sought by Indian steel industry
Industrial waste management market to grow
According to a new study, the market for industrial waste management from 2014-2019 is to rise to $1.4tn by 2019 from an estimated $863.8bn in 2014. Asia-Pacific is the largest market for industrial waste management and is likely to increase by a similar rate over the same period, according to ‘Industrial Waste Management Market by Services & Geography - Global Trends and Forecasts to 2019’. Collection services are expected to see strong growth, driven increased environmental awareness and a dedicated approach on the part of industry to better environmental performance. The biggest markets for collection services are Asia-Pacific, followed by Europe, Americas, and Middle East and Africa.
Global WEEE recycling market revenue to grow by 2018
According to a new study by Transparency Market Research, the global WEEE recycling market was valued at $6.8bn in 2010 and is forecast to hit $23.4bn by 2018. The market for WEEE recycling is expected to be driven by stringent government regulations and environment sustainability programmes to create awareness.
EfW feasibility stury for Tobago
Tobago could be the first Caribbean territory without a landfill, depending on the outcome of a pre-feasibility study on energy-from-waste by Fourth State Energy of Halifax. The study will be carried out to evaluate the anticipated location and cost of deploying a waste management plant, as well as the impact on the country’s economy. There will also be a plan for remediation of an existing landfill.
Australia to recycle over three million mobile phones by 2020
Australian official mobile phone recycling programme MobileMuster has committed to processing 3,248,000 handsets by 2020. This figure has been arrived based on the assumption that a phone weighs 170 grams, the equivalent of 560 tonnes - an additional 130 tonnes more than MobileMuster’s previous goal.
Indian steel industry seeks long-term finance
Indian steel industry representatives have called for a specialised agency on the lines of the Power Finance Corporation to raise long-term funding for the sector if the country has to reach a production capacity of around 300 million tonnes by 2025. The industry will require around INR800bn (£8bn) in financial investment to boost steel capacity by 200 million tonnes.
Investors drawn by Nicaraguan textile sector
The Nicaraguan Association of Textile and Apparel (Anitec) is trying to attract new investors to boost employment in the textile and apparel industries. This is important for Nicaraguan textile and garment industry if the United States does not extend the tariff preference level (TPL) for another decade. The Nicaraguan government is now working on a ‘Plan B’ with the American Chamber of Commerce of Nicaragua, in case the US rejects the request to extend TPL. Anitec aims at expanding the production and boosting investments in Denim Mills Pride plant located in Las Mercedes.