Waste & Used Oil Recycling Plant | |
Waste oil is generated from industrial and non-industrial sources and primarily contains hydrocarbons. It may also contain additives and impurities due to physical contamination and chemical reactions occurring during its use. Used oil has been used previously, and as a result of that, is now contaminated by impurities, either chemical or physical. Examples of used oil are old transmission oil, motor oil, brake fluid, hydraulic oil and gearbox oil. Used oil is a recyclable commodity, and as such, can be stored for recycling, reuse or disposal. Used oil is not considered to be a waste product. Re-refining of usedlube oil is an economically attractive recycling methodin terms of resources conservation and environment protection. It allows processing of hazardous material in a safe and effective way to recover a high quality base oil product. The global lubricants market size is projected to reach USD 182.6 billion by 2025 from USD 157.6 billion in 2020, at a CAGR of 3.0%. Growth in Industrialization in Asia Pacific and the Middle East & Africa post COVID-19, coupled with the rise in process automation in most of the industries and the gradual increase in number of vehicles on-road are key factors expected to drive the global lubricants industry during the forecast period. The enhanced properties of gear oils are required to improve the efficiency of the wind turbine; hence there is an increasing demand for synthetic gear oils in wind turbines. Power generation from wind energy is rising at a swift speed that is also demanding for installation of wind turbines. Wind turbines are fueling the demand for gear oils that are driving the Indian industrial lubricants market. Thus, due to demand it is best to invest in this project. Few Indian major players are as under Alicid Organic Inds. Ltd. Castrol India Ltd. Chemoleums Ltd. Continental Petroleums Ltd. Enpro Industries Pvt. Ltd. G S Caltex India Pvt. Ltd. Gujarat Indo-Lube Ltd. Gujarat Oiland Inds. Ltd. | |
Plant capacity: Used Lubricating Oil: 7,600 Ltrs / Day Spent Clay: 800 Kgs / Day | Plant & machinery: Rs 118 lakhs |
Working capital: - | T.C.I: Cost of Project: Rs 664 lakhs |
Return: 12.00% | Break even: 59.00% |
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