Market and business case

Quantafuel’s potential market is global and very large. Diesel is the dominant fuel for heavy vehicles as well as for trains and smaller ships. Global demand has been growing and is expected to continue to do so. In a 2014 assessment of the diesel market PIRA Energy group projected strong demand growth until 2030, supported by steady increases in emerging markets as they industrialize.

According to PIRA, diesel’s share of the world fuel market is 29 percent, and this percentage is expected to remain little changed as total demand increase going forward.

Currently, almost 30 million barrels of diesel is used every day, equal to about 10 billion barrels a year.

While the supply of plastic waste as raw material is abundant, it will not, even in theory, be enough to cover the demand for diesel in the foreseeable future.

Annually, more than 300 million tons of plastics are produced globally. If absolutely all of this were to be turned into diesel after its useful life, one could, in theory, produce about 250 billion liters of fuel a year or about 2 billion barrels, in other words one fifth of the total diesel demand.

In reality, a much smaller portion of plastic waste will be converted to diesel, meaning that for all practical purposes the market size is no constraint, as long as high-quality fuel can be produced at a competitive price.

And this is where Quantafuel’s efficient and cost effective technology provides a breakthrough. We offer plants of a size that will make business sense to a large number of private and public waste handling firms. This is a key selling point compared to traditional technologies.

Market and business case

Quantafuel’s potential market is global and very large. Diesel is the dominant fuel for heavy vehicles as well as for trains and smaller ships. Global demand has been growing and is expected to continue to do so. In a 2014 assessment of the diesel market (https://www.fuelsinstitute.org/ResearchArticles/DieselReport_PIRA.pdf) PIRA Energy group projected strong demand growth until 2030, supported by steady increases in emerging markets as they industrialize.

According to PIRA, diesel’s share of the world fuel market is 29 percent, and this percentage is expected to remain little changed as total demand increase going forward.

Currently, almost 30 million barrels of diesel is used every day, equal to about 10 billion barrels a year.

While the supply of plastic waste as raw material is abundant, it will not, even in theory, be enough to cover the demand for diesel in the foreseeable future.

Annually, more than 300 million tons of plastics are produced globally. If absolutely all of this were to be turned into diesel after its useful life, one could, in theory, produce about 250 billion liters of fuel a year or about 2 billion barrels, in other words one fifth of the total diesel demand.

In reality, a much smaller portion of plastic waste will be converted to diesel, meaning that for all practical purposes the market size is no constraint, as long as high-quality fuel can be produced at a competitive price.

And this is where Quantafuel’s efficient and cost effective technology provides a breakthrough. We offer plants of a size that will make business sense to a large number of private and public waste handling firms. This is a key selling point compared to traditional technologies.