According to a recent study conducted by Research Nester, the market for global waste to energy is expected to grow at CAGR of 8.7% during the forecast period 2018-2027. Worldwide awareness regarding depleting natural resources is major reason behind the fueling of global waste to energy market and is anticipated to generate USD 45 billion in revenue by the end of 2027. Based on technology type, the global waste to energy market is segmented into biological technology and thermal technology where thermal technology is estimated to dominate global waste to energy market in forecast period.
Masdar, Abu Dhabi’s renewable energy company, signed a strategic partnership agreement with Bee’ah to develop the UAE’s waste-to-energy (WtE) sector. This partnership will help contribute to the UAE Government’s Vision 2021 which targets, among other goals, diverting waste from landfills by 75 per cent by 2021. Waste-to-energy is the process of generating energy in the form of electricity or heat from the primary treatment of waste.