Plastic2Oil Inc (PTOI)

[JBIIRULES]

That’s a lotta cashola!!

Plastics-To-Fuel Market projected to exceed $590 million by 2026, Says Global Market Insights Inc.

SELBYVILLE, Del., Sept. 3, 2020 /PRNewswire/ -- Based on Global Market Insights Inc., report, the plastics-to-fuel market valuation is slated to surpass $590 million by 2026. The report provides a detailed analysis of the competitive scenarios, major winning strategies, key investment avenues, wavering industry trends, market estimations as well as size, and drivers, and opportunities.

Ongoing technological advancement in recycling and waste disposal has created an immense opportunity for the plastics-to-fuel market in recent years. Counties like Turkey, India, Saudi Arabia, have set a goal for reducing their carbon footprint substantially by 2030. Subsequently, these trends have been boosting the demand for pyrolysis oil in the fuel manufacturing industry.

Based on the source, the other source segment which includes agriculture waste, e-waste, medical waste among others will foresee nearly 2.5% CAGR over the forecast time frame. Countries like Malaysia and Indonesia will account for over 60% of the waste produced from these sources, further resulting in a huge amount of open dumping of wastes and landfilling due to the lack of appropriate waste management processes. This will provide a massive opportunity for plastics-to-fuel market manufacturers over the coming years.

https://www.prnewswire.com/news-releases/plastics-to-fuel-market-projected-to-exceed-590-million-by-2026-says-global-market-insights-inc-301123230.html