In recent years, the commonly used harmless treatment methods for garbage in China mainly include sanitary landfill, composting, and garbage incineration. Among them, garbage incineration power generation will usher in rapid development opportunities under the guidance of policies. The main problems with the current landfill method are the occupation of a large amount of land, low reuse rate, and the need to build new facilities after the landfill capacity reaches its limit. In contrast, the waste incineration method has the advantages of low requirements for waste raw materials, high disposal efficiency, small footprint, and back-end resource utilization.

 

According to the 2016-2021 China Waste Management Industry Market Demand and Investment Consulting Report, as of 2015, there were approximately 1800 sanitary landfills in China. As the capacity of landfills approaches its limit and cities with scarce land resources begin to close landfills and build waste incineration plants on their original sites, further unleashing the market space of the waste incineration industry. Currently, the total incineration capacity of urban waste in China is 232000 tons per day, with incineration accounting for 35% of harmless treatment. According to relevant national plans, by 2020, China's capacity for harmless treatment of waste will exceed 870000 tons per day, with waste incineration accounting for over 50% and a compound annual growth rate of over 12%. From the perspective of the industrial chain, the upstream of the waste incineration power generation industry consists of various equipment manufacturing enterprises, mainly engaged in the production and sales of related equipment; You is a design, consulting, and construction enterprise for waste incineration power generation projects, mainly providing equipment installation, technical support, and engineering construction services. Downstream is an investment and operation enterprise, specializing in project development and operation. Enterprises with integrated operation of the entire industry chain, including core technology research and development, equipment development, project investment, construction and operation, are expected to benefit first in the future.