Developments in the E-waste Management Market
NEW YORK, November 6, 2017 /PRNewswire/ --
According to a report published by Zion Research, global demand for e-waste management is expected to reach USD 58 billion by 2021, with a compound annual growth rate of 22.7 percent during the forecast period. Global e-waste management market is expected to grow rapidly due to the growing amount of electronic waste each year. Increasing use of electronic products such as televisions, mobile phones, washing machines and various electrical components has pushed demand, as the effects of e-waste on the environment and human health are an important issue. Micron Waste Technologies Inc. (OTC: MICWF), Casella Waste Systems, Inc. (NASDAQ: CWST), Covanta Holding Corp. (NYSE: CVA), US Ecology, Inc. (NASDAQ: ECOL), Heritage-Crystal Clean, Inc. (NASDAQ: HCCI)
The importance of e-waste management is explained in a report by Research and Markets. According to the report, the short lifespan of popular electronic products requires the waste management industry to come up with innovative solutions. "The last several decades has brought significant explosion of electronic devices, with advancement in quality of life and communications. For example, transformation of telecom from landline phones to wireless mobile phone is one of the several examples. However, emergence of updated technology so frequently leads to reduced life span of the electronic devices. Electronic products are rapidly becoming obsolete and are being replaced at a very short life span. This reducing life span of electronic device is however a challenge before the technology industry. It serves as a major driver for the emerging e-waste management market. About 70% of the heavy metals in the U.S.A. landfills come from electronics, though only 2% of the trash is electronic waste. Tons of e-waste is exported to Asia and Africa each year for processing," according to the research.
Micron Waste Technologies Inc. (OTC: MICWF) also listed on the Canadian Stock Exchange under the Ticker ' MWM '. Recently announced breaking news that, "Micron Waste Technologies Inc. has developed an innovative technology that transforms organic waste into clean water that meets municipal effluent discharge standards on site. The Micron technology is targeted for supermarkets, restaurants and marijuana producers seeking to reduce costs and improve efficiency in the processing of organic waste. Micron's technology is currently being used by a major B.C. food retailer and has been in operation since December 2016. Micron is also in advanced discussions with quick service restaurants to install the Micron Waste Systems at fast food restaurants to handle their organic waste on site. In addition, Micron is in advanced discussions with an industry leading marijuana cultivator in Canada to develop and install the Micron Waste System at their licensed cultivation facilities. For more information about Micron, please visit http://www.micronwaste.com, also visit Micron's profile on the Canadian Securities Exchange website at http://thecse.com/en/listings/technology/micron-waste-technologies-inc ."
Casella Waste Systems, Inc. (NASDAQ: CWST) is an integrated regional solid waste services company that provides collection, transfer, disposal, recycling and resource management services to residential, industrial and commercial customers, primarily throughout the eastern United States. Recently, the company reported its financial results for the three month period ended September 30, 2017. In addition, the Company raised its revenue, Adjusted EBITDA, and Normalized Free Cash Flow guidance ranges for the fiscal year ending December 31, 2017. For the quarter, revenues were $160.3 million, up $9.1 million, or 6.0%, from the same period in 2016, with revenue growth mainly driven by: robust collection, disposal and recycling commodity pricing; higher volumes; and the roll-over impact from acquisitions; partially offset by lower organics volumes.
Covanta Holding Corp. (NYSE: CVA) is a world leader in providing sustainable waste and energy solutions. Annually, Covanta's modern Energy-from-Waste facilities safely convert approximately 20 million tons of waste from municipalities and businesses into clean, renewable electricity to power one million homes and recycle approximately 500,000 tons of metal. Through a vast network of treatment and recycling facilities, Covanta also provides comprehensive industrial material management services to companies seeking solutions to some of today's most complex environmental challenges. Recently, the company announced that its subsidiary Covanta Environmental Solutions has opened a new materials processing facility to serve customers with the latest in sustainable materials management and environmental services. The facility provides services including liquid and solid waste recycling and treatment, product de-packaging, tanker, railcar and industrial facility cleaning, and houses a fleet of vehicles that provide on-site cleanups, remediation and transportation services.
US Ecology, Inc. (NASDAQ: ECOL) is a leading North American provider of environmental services to commercial and government entities. The Company addresses the complex waste management needs of its customers, offering treatment, disposal and recycling of hazardous and radioactive waste, as well as a wide range of complementary field and industrial services. US Ecology's focus on safety, environmental compliance, and customer service, enables them to effectively meet the needs of its customers and to build long-lasting relationships. On October 26, 2017, the company reported total revenue of $134.1 million and net income of $8.4 million, or $0.38 per diluted share, for the quarter-ended September 30, 2017. Adjusted earnings per share, which excludes foreign currency translation gains and losses and business development expenses, was $0.37 per diluted share in the third quarter of 2017.
Heritage-Crystal Clean, Inc. (NASDAQ: HCCI) is a leading provider of parts cleaning services, hazardous, and non-hazardous waste services as well as other products and services pertaining to the environmental services market. The company has the best compliance record in the industry and it intends to maintain this record by having a trained staff to assist its customers with the management of collecting, transporting and disposal of used solvent products and wastes. Heritage-Crystal Clean believes in providing options to over 100,000 customers with an extensive menu of services. Its broad service offering positions them as a true partner to help its customers focus on their business, while providing peace of mind that their environmental needs are handled professionally.
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