Xeon International through it’s alternative energy fund ENERCAP is actively looking at WEE very closely.
WEEE or Electronic waste or e-waste or e-scrap, describes loosely discarded, surplus,obsolete or broken electrical or electronic devices.
It is considered to be the fastest growing waste stream in terms of volume in the world (2-3 times faster than another waste stream).
The WEEE recovery industry is a relatively new industry which is still in the early growth stage of its life cycle. The industry emerged together with the soaring commodities prices and the tightening of the regulatory environment around the WEEE. The global economic slowdown affected the WEEE recovery industry as much as the prices of raw materials went on a steady decline, but the same trend followed the prices of the WEEE itself.
The sector recovered and is back on the growth track.
The global WEEE recovery industry generated EUR 7.5 billion by 2012. The revenue is expected to increase up to EUR 14 billion by 2017, representing a CAGR of 13.3%. The global volume of WEEE generated is expected to be more than 100 million tonnes by 2017 compared to 42 million tonnes in 2011.
“The WEEE recovery industry is expected to enjoy fast growth in short- to midterm both on a global scale and in the EU.”
EU WEEE Recovery Industry
According to the European Commission estimates, the WEEE generated in the Union will surge from about 9 million tonnes in 2005 to more than 12 million tonnes by 2020. The expectations are that there will be just a bit less than 1 million tonnes of WEEE in Germany by 2020.
The WEEE recovery industry in the EU generated EUR 1.16 billion by end of 2012. The sector is expected to grow at the healthy 4.7% (CAGR) over the period of 2012-2017 and thus the turnover to reach EUR 14 billion by 2017.
The Scandinavian countries are the leaders in terms of WEEE recycling and reusing.
Sweden managed to recycle and reuse 14.4 kg. per capita of WEEE in 2010. Germany held the sixth position with 7.9 kg per capita, well above the existing binding target of 4 kg. per capita.
1 Sweden 14.4
2 Denmark 12.5
3 Finland 8.4
4 Luxembourg 8.2
5 Ireland 8.0
6 Germany 7.9
7 Belgium 7.8
8 Austria 7.1
9 Netherlands 6.2
10 France 5.2
“E-waste represents one of the fastest growing sectors by volume within the global waste industry,and that combined with incoming legislative targets the market looks very
promising for the coming years with opportunities across the value chain.”
Frost & Sullivan
“E-scrap is the raw material of the future.”
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