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How To Start An E-waste Recycling Business? | |
| If you haven't noticed, we now live in a world with an increasing number of electronic devices. This has resulted in a rise in the need for recycling organisations like this one, which give businesses and individuals the chance to properly get rid of their old electronics while utilising the most cutting-edge technological advancements. While most people simply discard their outdated technology in the trash or donate it to a good cause, other persons or organisations see it as an opportunity to recycle their e-waste products in order to get some extra income. E-waste recycling facilities are a great method to cut down on how much electronic waste ends up in landfills and incinerators. As there are no hazardous emissions produced during the recycling process, these enterprises also practise environmental sustainability. You can make money with an e trash recycling facility by gathering used electronics from citizens, businesses, and governmental institutions. Benefits of Starting Business of E-Waste Recycling Plant One of the fastest-growing waste streams in the world is e-waste. Electronic garbage is being disposed of at an increasing rate as more electronics are produced. Our recycling facility plays a role in this. Only a small portion of these wastes are recycled at the moment. We want to ensure that all recyclable e-waste may be converted into new products with the help of our recycling facility. According to a recent study, Americans discard 2 million tonnes of electronics annually, 1.5 million of which are CRT (cathode ray tube) televisions, computer monitors, and television sets, each of which weighs more than six pounds. Plastics are expected to end up in landfills more frequently over time as they degrade since there isn't enough space on the ground for outdated appliances to keep them. There won't be any space left on Earth for anything else to go if something doesn't change soon. Because of this, we must start acting differently right away. This recycling facility makes new versions of these damaged pieces of machinery. Global Market Outlook The market for managing electronic waste was estimated to be worth $49,880 million in 2020, and it is anticipated to grow to $143,870 million by 2028, with a CAGR of 14.3% between 2021 and 2028. Over the projection period, the APAC region will lead the market for recycling electronic trash. Increases in per capita income across many nations, sales of electronic devices like computers, refrigerators, and mobile phones, sales of electrical and electronic devices, reluctance to repair defective devices, the export of e-waste from developed regions to developing nations like Pakistan, China, and India, rising environmental concerns, and new product developments for continuous innovation and price reductions of electronic goods are all contributing factors. Conclusion There are many benefits to starting up an e-waste recycling plant. For one, it is a great way to clean up the environment and eliminate toxic waste. It also creates jobs and helps communities grow by providing them with a sustainable source of income. Finally, it is worth noting that recycling e-waste saves money and resources because it reduces the need for new production. That means there will be less demand for metal ores and natural resources like petroleum. Furthermore, this process keeps these dangerous materials out of landfills and ensures they won't contaminate ground water supplies. With these many benefits in mind, setting up an e-waste recycling plant might just be the perfect choice for your company. Key Players: • Umicore SA • Quantum Lifecycle Partners • Enviro-Hub Holdings Ltd • Stena Technoworld AB • Tetronics International Limited • Electronic Recyclers International Inc • SIMS Limited • Aurubis AG • Boliden AB • Attero Recycling Pvt. Ltd. • Great Lakes Corporation • E-Parisaraa Private Limited • Greentec • Cleanaway • Veolia Environment SA Capacity: Plastic Granules 1,41,000 Kgs per annum Glass Scrap 1,05,900 Kgs per annum Copper Scrap 88,200 Kgs per annum Precious Metals (Nickel, Tin & Zinc) 18,000 Kgs per annum Gold 5.760 Kgs per annum Silver 11.520 Kgs per annum Palladium 0.288 Kgs per annum | |
| Plant capacity: 1,41,000 Kgs per annum | Plant & machinery: 107 Lakhs |
| Working capital: - | T.C.I: 336 Lakhs |
| Return: 27.00% | Break even: 58.00% |
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Each detailed project reports cover all the aspects of business, from analysing the market, confirming availability of various necessities such as plant & machinery, raw materials to forecasting the financial requirements. The scope of the report includes assessing market potential, negotiating with collaborators, investment decision making, corporate diversification planning etc. in a very planned manner by formulating detailed manufacturing techniques and forecasting financial aspects by estimating the cost of raw material, formulating the cash flow statement, projecting the balance sheet etc.
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Information- One Lac / Lakh / Lakhs is equivalent to one hundred thousand (100,000)
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- T.C.I is Total Capital Investment
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- Caution: The project's cost, capacity and return are subject to change without any notice. Future projects may have different values of project cost, capacity or return.
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