Frost & Sullivan: Rising costs of managing municipal solid waste present waste service providers opportunities for growth
~Technologies and best practice in recycling, waste minimisation and waste-to-energy to gain traction
SYDNEY, April 16, 2013 /PRNewswire/ -- Cost is by far the most mentioned challenge in delivering municipal solid waste services in Australia. It is also, unsurprisingly, the single most important criterion for councils when selecting a waste management service provider.
Starting 1 July 2012, Australia introduced a carbon pricing mechanism (CPM) that applied to the country's largest polluters. Open landfills that have greenhouse gas emissions, net of any flaring or electricity generation, exceeding the 25,000 tonne CO2-e (carbon dioxide equivalent) threshold will be liable. This and other operational cost increases present councils in the country their most significant challenge. In responding to this challenge, councils have made waste minimisation their highest priority.
'Australian Municipal Waste Management - Voice of the Customer Study' is Frost & Sullivan's recently completed voice-of-the-consumer study analysing feedback from 42 councils across all States and Territories in Australia.
Frost & Sullivan Industry Director, Ivan Fernandez said, 'There is a growing opportunity for outsourced services; more from recycling than from disposal activities. Demand for larger and more complex waste recycling facilities is likely to drive consolidation and increased opportunity for large providers. These providers will also benefit from the trend toward aggregating procurement amongst councils.'
'The waste-to-energy sector is expected to see significant growth over the long term, as councils proactively seek ways to 'monetize' waste,' he added. 'Given the significant untapped potential in Australia, companies with proven technologies and clear demonstration of viability will hold a significant competitive edge. Specific opportunities in the short term will revolve around retrofitting existing facilities with waste-to-energy technologies.'
If you are interested in more information on this research, please send an email to Donna Jeremiah, Corporate Communications, at djeremiah@frost.com, with your full name, company name, job title, telephone number, company email address, company website, city, state and country.
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Contact:
Donna Jeremiah
Corporate Communications – Asia Pacific
P: +61 (02) 8247 8927
F: +61 (02) 9252 8066
E: djeremiah@frost.com
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SOURCE Frost & Sullivan
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