Vista International, known for their proprietary Thermal Gasifier™ gasification technology for converting solid carbon-based materials ranging from biomass and waste to tires, into clean electricity and exploitable thermal energy, comes into sharp focus today as their newest waste-to-energy project gets ready to go online here in Q1 2014, even as the release of BP’s 2035 energy outlook projections shifts the market’s lens to a 370% growth in renewable energy production.
Global energy consumption is set to rise 41% by 2035 according to BP’s projections, with 95% of that coming from emerging markets (non-OECD economies, led by China and India), as shares of fossil fuels converge, with each component of oil, gas (the fastest growing segment) and coal taking up about 27% of the pie. Couple this with the biggest projected renewable gains being in VVIT’s initial target markets of North America (some good details in the North American focus PDF on renewable growth metrics) and the EU, and you have a recipe for success that puts Vista in the sweet spot for capitalizing on the trend mapped out in BP’s report.
Renewables are set to jump to 14% of total global electrical production by 2035 according to the report projections, rising over 180% as producers move to enhance cost-effective exploitation of abundant renewable resources (like waste), and waiting to capture that momentum will be VVIT’s technology. Perfectly timed and targeted, Vista’s Thermal Gasifier technology is able to utilize virtually any hydrocarbon-based waste material as an input and the low cost for installation, as well as operation and maintenance of the hardware, will funnel more and more business towards the company as things progress.
Vista’s expansion of their Hutchins tire processing facility has improved operating efficiency, translating directly into better throughput, with success leaning heavily on over two decades of experience VVIT has in waste-to-energy system manufacturing. BP’s numbers from this latest report could spell a very bright future for VVIT over the long term and it should be an interesting property to keep an eye on.
Check out the Vista International Technologies site for more info at www.VVIT.us
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