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Top 9 Most Profitable Recycling Business Ideas

Top 9 Most Profitable Recycling Business Ideas

What if you were told that something beneficial for our ecosystem could also be a source of profit for you? With the growing population of the planet and overuse of resources, one of the most important strategies has proven to be recycling. Here are some ways you can turn recycling into a lucrative business. 

Waste paper recycling

Sources for waste paper are ubiquitous. Offices, educational institutions, and printing presses are only some of the places that can act as sources. The next step is to find a plant to carry out the processes of recycling such as bleaching, pulping, etc. Starting a plant is a long process and requires technically proficient staff to ensure that the recycling is done optimally and cost-effectively. For a start-up, a good idea would be to either start on a small scale or to outsource to an existing plant. Understanding your clients is also important and depends on the quality of the final product. Funding can be sought from non-governmental organizations, or by applying for grants under government schemes. This option is a feasible one for many people simply because there is so much paper wasted all over the world. Visit ReadmyBlogOnline to read more related posts.

E-waste recycling

Electronic waste is another ubiquitous treasure. This includes televisions, air conditioners, DVDs, hard drives, computers, mobile phones, etc. From offices to homes, there is a market that does not know how to dispose of its E-waste. The processing includes procurement of waste, separation of reusable parts, overhauling of these parts and extraction of valuable metals and plastic from non-reusable parts. A sizeable area will need to be invested in, with a conveyor belt, a cathode ray tube, a weighing machine and vehicles for transportation. The budget and funding must be finalized before venturing into the acquisition of property and equipment.

Food waste recycling

Two major methods of recycling food waste are composting and anaerobic digestion. Compost can be used as manure in agricultural practices and methane gas obtained from anaerobic digestion can be used as fuel. This business venture makes use of every single component of the process. Strict guidelines need to be followed while setting up a composting system and an anaerobic bioreactor. The bioreactor will require constant maintenance as it uses anaerobic microbes in large volumes of waste. Funding for such an initiative would be relatively easy to find because the output is very vast.

Tyre recycling

This is of great importance to the environment as tyres are highly non-biodegradable. Two processes make tyre recycling more feasible, devulcanization and pyrolysis. The end products of this process are used in civil engineering applications, ground rubber applications and tyre derived fuel, making this a lucrative option. The investment in recycling site, equipment, chemicals and qualified personnel is considerable, and thus the funding must be ascertained precisely and only then initiated.

Battery recycling

Battery acid and metals composing batteries are nonbiodegradable and toxic. Battery recycling units limit their sources to a certain type of battery such as cell phone or car batteries. Certain types of batteries yield very little recycled product to be of use to anyone and therefore end up being nonlucrative. Nickel batteries yield more output than lithium-ion batteries. So, either only one type of battery should be accepted, or there must be a balance between the two. Nickel battery recycling yields iron and nickel which can be used in stainless steel production, so this could be a target market. Once clients are identified, obtaining funding becomes easier. 

Plastic recycling

Plastic waste is a huge menace to the environment. Recycling of plastics is a lucrative business. However, it requires considerable investment in equipment such as granulators, breakers, separators, shredders, a pre-washing, rinsing, and drying system. Once this investment is in place, the sources, as well as the clientele include a wide range of options. 

Packaging carton recycling

There are two ways to recycle cartons. One is to extract the fiber and pulp it, after which the end product is used for making paper products. The other method is to turn whole cartons into building materials such as sheathing. The options for the end product are numerous, and thus so is the potential clientele. Investment in equipment is key, as there are several processes such as shredding, pulping, de-inking and filtering. However, there are many financial benefits to reap. 

Garbage recycling

This is a viable option due to the vast range of material comprised in the garbage as well as the massive source pool. The investment in this would be considerable, for machinery, space, and qualified staff. However, garbage as a source will never die out, and there is already a growing need for ecologically friendly disposal options.

Scrap metal recycling

It is important with this option to focus on certain kinds of metals, because if the endeavor is to recycle all types of metals, then space and equipment required would be vast and not be financially feasible. It is important to identify which metals cost more and narrow down to two or three metals that would give good profit. Nearly 40 percent of worldwide steel is produced using recycled metals. Metals can repeatedly be recycled without losing their inherent properties. Thus, this is a business option for which the need will never die.  

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