With a future increase in the world population, one thing is for sure, we will be producing more waste products in various forms, whether it be tyres, plastic bottles, human waste, old computers, municipal garbage, cornstalks, infectious medical waste, oil-refinery residues etc. A company in Philadelphia has built a pilot plant to transform this waste in order to supplement supplies of oil.
So in terms of issues of sustainability facing the global environment, this concept could help deal with world’s dwindling supplies of oil, slow down global warming and help with waste management.
The process is called the Thermal Depolymerization Process (TDP) and involves using almost any waste product imaginable, subjecting it to the TDP process and subsequently the end product is either high-quality oil, clean-burning gas, and purified minerals that can be used as fuels, fertilizers, or specialty chemicals for manufacturing.If the concept works as planned, it is anticipated the world’s agricultural, industrial, and municipal waste could be put to good use.
As an example of how useful this techonology could be, the article here suggests that,
“Just converting all the U.S. agricultural waste into oil and gas would yield the energy equivalent of 4 billion barrels of oil annually”.
So… there’s hope for the increasing amounts of waste our growing population will produce. Maybe a good company to follow and for all you Venture Capitalists out there .. go for it!!