Executive Viability Abstract
This feasibility study evaluates the establishment of a large-scale offshore wind turbine blade recycling facility in the Netherlands (specifically targeting the Port of Rotterdam or Eemshaven). With the North Sea wind capacity set to explode and the first generation of offshore turbines reaching end-of-life, the project addresses the critical waste management gap for composite materials. The facility will utilize advanced pyrolysis and mechanical shredding to recover high-grade glass and carbon fibers, supporting the EU's circular economy mandates.
Return on Investment
19.5%
Payback Span
5.8 years
Net Present Value
€18.4M
IRR Index
16.8%
## Executive Summary
The Netherlands is a global leader in offshore wind, yet the end-of-life management for turbine blades—made primarily of complex composite materials—remains a significant bottleneck. This project proposes an industrial-scale recycling hub capable of processing 20,000 tons of composite waste annually.
## Market Analysis
The European wind industry will see approximately 25,000 tonnes of blades decommissioned annually by 2025, rising sharply thereafter. The Dutch 'Climate Act' and 'Circular Economy by 2050' goal provide a robust regulatory tailwind. Competition is currently low, with most blades still sent to cement kilns (co-processing) or landfill where permitted.
## Technical Feasibility
The facility will employ a dual-track system: 1. Mechanical Grinding for low-grade filler materials, and 2. Thermal Pyrolysis for high-value fiber recovery. The proximity to North Sea ports reduces logistics costs—a major factor in blade recycling profitability.
## Financial Projections
Revenue is derived from three streams: Gate fees (€150-€300/ton), Sale of recovered fibers (€500-€2,000/ton depending on quality), and Carbon Credits. Initial CAPEX is estimated at €42M with a steady state EBITDA margin of 28%.
## Sustainability Impact
By diverting fiberglass and carbon fiber from incineration, the facility reduces CO2 emissions by approximately 45,000 tonnes per annum and provides secondary raw materials to the automotive and construction sectors.