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Thermax Group is a diversified player in sustainable solutions offering a wide range of products that heat, cool, manage water and waste, and even specialize in chemicals. Beyond these, they design and build power plants, treat wastewater, recover waste heat, and tackle air pollution challenges.
Leading the boiler charge is TBWES, a Thermax subsidiary, providing steam solutions for processes and power generation. TBWES's eco-conscious portfolio shines with heat recovery systems (HRSG) from gas turbines, waste heat recovery boilers (WHRB), and waste-to-energy (WTE) boilers.
WHRBs extract heat from flue gases, while WTEs burn diverse waste – farm waste, industrial sludge, even refuse-derived fuel – as a green alternative to coal. These solutions contribute to four key UN Sustainable Development Goals and bring tangible benefits.
By prioritizing green solutions and aligning with UN goals, Thermax Group demonstrates a commitment to environmental stewardship and societal well-being.
Thermax has long been a champion of green solutions, collaborating closely with industry to develop products that meet evolving needs. Decades ago, when sustainability wasn't yet a buzzword, Thermax became a pioneer in India, introducing waste heat recovery boilers for the steel and cement industries.
Their latest brainchild, the Flexi-Source solution, is a testament to this collaboration. As coal costs escalated and waste fuels presented inconsistency challenges, an industry-wide plea arose for a boiler capable of efficiently combusting a diverse range of 10-15 fuels for both steam and power generation. While existing boilers could handle biomass fuels like rice husk or wood chips, these lacked the flexibility to tackle trickier options like agricultural waste or municipal solid waste.
The Flexi-Source rises to the challenge, offering industry unparalleled fuel flexibility. This not only eliminates coal dependence but also maximizes waste utilization. Plants can now seamlessly consume their own waste or readily available external sources, gaining control over both costs and environmental impact. This holistic approach eliminates dependence on finite resources like coal and transforms waste into a valuable energy source, contributing to cleaner air and sustainable communities.
In the realm of sustainability, Mr. Bhave shared that Thermax stands out as a company that is deeply committed to energy and environmental solutions with its strategies intricately woven around sustainable practices. The company, renowned for its client-centric approach, prides itself on indigenizing solutions tailored to meet industry demands rather than pursuing isolated innovations. A diverse array of sustainable solutions, including bio CNG, hydrogen, waste heat recovery systems, and electric boilers, captures the company's focus as it actively engages in discussions on emerging trends.
As the Growth Unit Head for the Waste to Energy department, Mr. Bhave was driven by a personal goal to contribute to environmental well-being and has been a proactive participant in dialogues concerning the company's future areas of emphasis. The evolving market dynamics, observed over the last five to six years, have seen a heightened consciousness towards waste reduction and a surge in initiatives like recycling plants and bio CNG facilities. Recognizing this shift, Mr. Bhave identified waste to energy and waste to wealth as pivotal sectors that resonated with his commitment to sustainability.
This innovative waste-to-energy solution from Thermax boasts a multifaceted impact, addressing environmental concerns, empowering businesses, and contributing to a sustainable future. Here's a breakdown of its short-term and long-term effects:
Short-Term:
Long-Term:
Evidence:
Overall, the Flexi-Source solution offers a win-win scenario for the environment, businesses, and communities. By tackling waste concerns, reducing dependence on fossil fuels, and empowering users, it paves the way for a cleaner and more sustainable future. The evidence presented, including substantial CO2 reduction and waste volume decrease, suggests a tangible and promising impact across the short and long term.
Fueled by innovation, an ingenious solution propelled this company's revenue upwards, multiplying sales over the past few years. In just two to three years, unit sales doubled, showcasing a potent market pull once the initial units hit the ground running. This surge confirms the market's hunger for such solutions, and their effectiveness shines through as seen in continuous improvements with each evolving version. Presently in its second iteration, data-driven tweaks promise a third iteration within a year or two keeping the solution at the forefront of innovation.
The appeal transcends borders with significant export potential across Southeast Asia. This surge in green solutions marks a strategic pivot for the company shifting from a 60-70% dependence on fossil fuels in their traditional boiler business to a focus on sustainable alternatives. Waste-to-energy technology spearheads this green shift and is actively promoted domestically and internationally.
Thermax's innovative Flexi-Source solution tackles two major environmental challenges simultaneously: air pollution from agricultural waste burning and CO2 emissions from landfill-bound industrial waste. Here's how it works:
Combating Air Pollution:
From Waste to Energy:
Benefits and Impact:
Overall, Thermax Flexi-Source offers a win-win scenario for the environment, businesses, and communities. By turning waste into valuable resources, it paves the way for a cleaner and more sustainable future.
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Abhishek Bhave, Growth Unit Head - Waste to Energy
Thermax, headquartered in Pune, India, is a powerhouse in the sustainable solutions market and has a global reach. Their 8,090 crore Indian rupee (over USD 1B) presence boasts 29 international offices and 14 manufacturing facilities and supports customers in 88 countries.
What they do:
The impact:
Key strengths:
Thermax offers a win-win proposition for industry and society by converting costs into profits while safeguarding the environment. They are a leading force in shaping a more sustainable future for all.