In 2021, the global waste-to-energy market was valued at $32.15 billion. The market is expected to grow at a CAGR of 4.3 percent from $33.28 billion in 2022 to $44.62 billion by 2029. The market is being driven by rising industrialization and urbanization, as well as economic growth, waste generation, environmental threats, and carbon dioxide emissions. Waste to energy plays a role in achieving the transformation to a sustainable energy ecosystem by serving as an energy source to reduce greenhouse gas emissions, a clean demand response option, a design consideration for eco-industrial parks, and, in some cases, the only option for end-of-life waste treatment.
CNIM MARTIN was established in 2017, and it holds exclusive licenses for the proven technologies of Solid Waste Combustion from Martin Gmbh, Waste to Energy Boiler from PAPREC ENGINEERING CNIM, and Flue Gas Treatment and Emissions Control from LAB S.A. (MARTIN Group), with a complete transfer of technology and know-how, as well as industrialization in India and South East Asia.
The company owns and proposes proprietary technologies in the Waste Energy market that provide significant differentiation from the competition wherein the firm can offer packages up to Complete EPC, in collaboration with selected partners, integrating the Company technology packages with a clear preference for Technology packages offered on E.P.S. modality to reduce
risks and exposure into the foreseen projects, limiting onshore intervention and scope in every country targeted. CNM Martin distinguishes itself from other players in the segment by providing well-proven European technology that is well-adapted to local conditions and competitive fit-for-purpose solutions with local servicing capabilities and a fully made-in-India concept.
The company has a board of directors made up of senior and experienced European and Indian top executives, as well as a strong team of engineers and experts with extensive experience in the WTE market in India and Asia. CNIM Martin has made significant progress in establishing itself as a preferred Technology supplier to many customers not only in India but also throughout Southeast Asia. The firm did face the consequences of Covid-19, which derailed many prospective projects, but they were able to overcome the constraints, and their first breakthrough project was in Thailand during the Covid-19 crisis.
Through modern remote working technologies, they have been able to stay in constant contact with potential clients. Its geographical presence extends beyond India to Southeast Asia and parts of Africa. Furthermore, the uncertainty caused by the ongoing conflict in Ukraine remains a source of concern, although all of its suppliers are based in India. They are a growing entrant, and its parent companies have invested in the hope that the payback in terms of revenues will be realized in the coming years.
We Provide innovative and competitive solutions for Environment & Clean Energies Achieve sustainable & recognized leadership within Asian Market
“We have a relatively small team of about 40 people, composed of experts from all relevant disciplines, and they intend to quickly ramp up their resources to align with the needs of growth strategies and success, and they are looking forward to the Asian market”, concludes Denis Bauer, CEO, CNIM Martin.
Denis Bauer has a Master of Science in Industrial Engineering from Ecole Centrale de Lyon and a Bachelor of Science in Mechanical Engineering from Universidad Politecnica de Madrid. In 2016, he joined the CNIM Group as Managing Director of the CNIM Subsidiary, LAB S.A., in France. In 2017, he assumed responsibility for the Asian deployment of the CNIM Energy and Environment sector, which resulted in the establishment of CNIM MARTIN in Chennai, India.
