Key Highlights

• Waste pyrolysis oil (WDPO) is a liquid biofuel produced by the pyrolysis process, a thermal decomposition technology that converts organic materials such as biomass and waste into biomass fuel. In the context of waste materials, the process consists of heating waste materials in the absence of oxygen to break them down into inactive compounds. These compounds are incorporated into a dark, viscous liquid called pyrolysis oil or bio-oil. WDPO is an environmentally friendly energy source because it uses organic waste that would otherwise be thrown away or burned, releasing pollutants. It represents a form of recycling that converts waste into useful energy. The composition of WDPO varies depending on the material used but generally contains a mixture of hydrocarbons, oxygenates, and other organic materials. Due to its potential as a renewable energy source, WDPO has been explored for a variety of uses, including power generation, heat, and as a feedstock for biorefineries. However, issues such as impurities in the feedstock, quality differences, and the need for refining processes to meet certain standards are still important for researchers and practitioners aiming to increase the capacity of waste-derived pyrolysis fuel.

• The market size of the worldwide Waste-Derived Pyrolysis Oil Industry surpassed USD XX Billion in 2023, and by 2032, it is projected to reach USD XX billion, boosting at a CAGR of XX%.

• In May 2022, Canadian ArcelorMittal Mining Company signed a 3-year contract with Canada's North Coast BioÉnergie AE to supply 16 million liters of pyrolysis fuel per year to the ArcelorMittal pellet plant. ArcelorMittal Mining Canada is a metals company and is only one of the world's five largest iron ore producers.

• One of the main uses of pyrolysis oil is as oil in many places. The fuel value of pyrolysis oil is 50-70% of gasoline-based oil, and it can be used as boiler oil or turned into transportation fuel. Pyrolysis oil is widely used as an industrial fuel as a replacement for furnace oil. Pyrolysis oil is used only in heavy industries such as building heating, steel factories, glass factories, cement factories, power plants, boiler plants, hotel heating. Pyrolysis oil can be used to heat boilers (as combustion oil) and in the future can be used to generate electricity. Additionally, refined or modified pyrolysis gas can be used in gas turbine generators and diesel generators. Currently, countries are considering replacing coal-fired power plants with gas turbine generators to reduce carbon emissions. Also pyrolysis oil is widely used in cement, steel, glass, brick factories, etc. It can be used as combustion oil in various industries. Besides direct synthesis, pyrolysis oil can also be used as raw materials in the refining of diesel oil. It can be converted into diesel fuel using a distillation machine. When the pyrolysis oil is refined into diesel by the pyrolysis oil distillation machine, it can be used in some machines such as electric trucks, tractors, boats and fire trucks. The potential demand for pyrolysis fuel is likely to increase during the forecast period as various industries such as electricity, commercial boilers, generators such as diesel engines and gas turbines use more fuel.

Scope of the Industry Profile

Key Players

• Alterra Energy (US)

• Bioenergy Ae Cote-Nord (Canada)

• Ensyn (Canada)

• Green Fuel Nordic Oy (Finland)

• Mk Aromatics Limited (India)

• New Energy Kft. (Netherlands)

• Nexus Circular (US)

• Plastic Advanced Recycling Corp. (US)

• Plastic Energy (UK)

Segmentation

By Source

• Waste Plastic

• Waste Rubber

• Oil Sludge

• Biomass

• Other Raw Materials

By Type

• Unrefined Oil

• Refined Oil

By Pyrolysis Process

• Fast Pyrolysis

• Flash Pyrolysis

By Application

• Heat & Power

• Automotive Fuel

• Bio Refineries

• Other Applications

What to Expect from Industry Profile

1. Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the Waste-Derived Pyrolysis Oil market in the world.

2. Use the PORTER’s Five Forces analysis to determine the competitive intensity and therefore market attractiveness of the Global Waste-Derived Pyrolysis Oil market.

3. Leading company profiles reveal details of key Waste-Derived Pyrolysis Oil market players’ global operations, strategies, financial performance & their recent developments.

4. Add weight to presentations and pitches by understanding the future growth prospects of the Global Waste-Derived Pyrolysis Oil market with forecast for decade by both market share (%) & revenue (USD Million).

Recent Development

• In May 2022, New Hope Energy and TotalEnergies announced an agreement to build a renewable energy facility in Texas that will replace the end product. Good polymers for food grade packaging.

Segment Insights

By Source

Waste demand from fuel pyrolysis (PWDPO) is driven by many factors, primarily environmental concerns, energy needs and good practices. First of all, plastic waste management is an urgent global problem. Modern products take centuries to deteriorate, resulting in pollution and environmental damage. Pyrolysis offers new solutions to convert plastic waste into useful fuel, solving waste management problems and reducing the environmental impact of pollution. Secondly, the increasing demand for alternative fuels and renewable energy sources played an important role. PWDPO is a stable alternative to bone grafts. Industry, transportation and power plants are looking for clean alternatives, and PWDPO derived from non-recyclable plastic waste offers an energy option for an environment that reduces dependence on fossil fuels. Three stringent environmental regulations and international initiatives to prevent greenhouse gas emissions have led to the adoption of PWDPO. By reducing the carbon footprint associated with conventional oil production, PWDPO aligns with international efforts to combat climate change, making it a viable business option and government goal to achieve development goals. In addition, science and technology have improved the efficiency and capacity of the pyrolysis process, making PWDPO more economical. Demand continues to grow as awareness of the environmental benefits and energy potential of plastic waste pyrolysis fuel increases, leading to the adoption of the fuel as a solution.

By Type

The demand for refined waste-derived pyrolysis oil (WDPO) is driven by many factors, especially environmental concerns, energy needs and the search for solutions. First, the urgent need to combat climate change and reduce carbon emissions has increased the demand for clean, renewable energy. Refined WDPO processed to meet performance standards can be environmentally friendly to fossil fuels, supporting efforts to reduce environmental impacts and prevent climate change. Second, the world supports sustainable practices and circular economy. Refined WDPO represents a solution that converts waste products such as plastic and biomass into useful energy. Businesses and governments seeking an environmentally friendly alternative to fossil fuels are increasingly turning to WDPO to meet their energy needs while reducing dependence on hydrocarbons. Three, advances in technology and optimization have improved the quality and performance of WDPO. This gives further confidence to its presence in various sectors such as transportation, manufacturing and energy production. Additionally, government incentives, subsidies and regulatory support for renewable energy have increased the demand for refined WDPO, supporting its size. Sustainable development organizations also support business needs. Many companies are committed to using environmentally friendly fuel by promoting practices to improve WDPO as part of their environmental responsibility. As awareness of the benefits of refining waste-derived pyrolysis fuel continues to grow, demand for this sustainable energy source continues to grow, building a cleaner, greener future.

Regional Insights

Demand for waste-derived pyrolysis fuel (WDPO) in North America is driven primarily by the region's growing interest in sustainability, renewable energy and environmental protection. First, increasing awareness of the environmental impacts of traditional fossil fuels has led to a transition to clean and renewable energy. WDPO is derived from waste and aligns with North America's commitment to reduce carbon emissions and support a circular economy by transforming waste into valuable products. Secondly, North America faces problems with waste management due to the large amount of organic waste and plastic waste. Using this waste to produce pyrolysis oil not only solves the waste problem but also provides an environmentally friendly solution that reduces the environmental burden of landfill and incineration. Third, government incentives, subsidies and policies to support renewable energy encourage the adoption of WDPO. Policies aimed at reducing dependence on fossil fuels and increasing energy independence have increased the demand for fossil fuels in the region. Additionally, WDPO's versatility to suit various sectors and business processes, such as transportation and energy production, improves business needs. As businesses seek sustainable energy solutions to meet their needs, the environmental and renewable properties of waste pyrolysis fuel make it a good choice for in-demand drivers in North America.