[GRRN] Incineration

RecycleWorlds (anderson@msn.fullfeed.com)
Sun, 10 Jan 1999 16:43:13 -0600

The 8/31/98 Waste News reports that Foster Wheeler "will not build any more
wsate-to energy plants in the U.S."

The causes are the financial debacle at its Illinois Robbins Resource
facility that was left high and dry when the state legislature repealed the
prior legislature's incineration subsidy (via electric prices), the
persistent local opposition to incinerators, and the deregulation of
electric utilities which makes the power produced by WTE facilities

Most important the investment community has concluded that incinerators are
no longer good investments: "'The waste-to-energy business does not have
vey favorable growth prospects,' said Robert Friedman, an analyst with

(Sorry for the lag in posting...I was out of town when this issue arrived
and just caught up.)

Peter Anderson
Peter Anderson
RecycleWorlds Consulting
4513 Vernon Blvd. Ste. 15
Madison, WI 53705-4964
Phone:(608) 231-1100/Fax: (608) 233-0011

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