The joist made from recycled wood is, as said above, an example of the application of a circular and sustainable economy, reducing the emission of C02 produced into the air when wood waste is burned as fuel in biomass power plants and increasing the absorption of CO2 as fresh timber is not used to produce joists. The joists may then be used as raw material to produce more joists thus setting a perfect example of circular economy.
If we then take just the medium and large businesses into consideration, the market is represented by approximately 85,000 companies (or 4.5% of the total) in Europe; even if only 50-60% of these companies should utilize joists (a very conservative estimate) with an estimated consumption of 30 cubic metres a year, this would mean an approximate consumption of 1.2-1.5 million tons of virgin wood for this kind of business unit which could be potentially substituted by this new technology, and recycling into the work process around 8-10% of the wood waste which would normally be left unused.
On the basis of our calculations and the data collected from the pilot line, the recycled wood joist will cost approximately 35% less than the fresh wood joist
Being a new product, the market for the recycled wood joist will be a slow-growing market like that initially of the pallet block. We nevertheless believe that in about three years it will acquire about 5% of the joist market.
The surveys conducted on the various stakeholders, show an elevated awareness of environmental topics and sustainability, in addition of course to an interest in a cheaper unit cost for production.
The production process foreseen closely resembles that of the pallet block production process, hence making the related industrialization rapid, so that a decrease in the utilization of virgin wood may be achieved as soon as possible.