Set up Waste Lubricating Oil Recycling Plant | Profitable Business Opportunityï¿¼

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INTRODUCTION

Waste lubricating oil recycling plant is an industrial project for refining waste lubricating oil, which recovers new products and utilizes residue oil. Raw material: Waste engine oil, gearbox oil, pump oil, etc. After being refined by equipment in thermal process and fractionation distillation process, it can produce base oil( diesel base oil), gasoline base oil( gasoline motor fuel) , waxes , some chemical products ( like paraffin wax )etc. The obtained residua can be sent to other factories as feedstock again.

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How does the waste lubricating oil recycling plant works?

The waste lubricating oil recycling plant consists of various units such as a dryer, a centrifuge, and an environmental treatment device. During operation, waste lubricating oil would be input into a certain pre-designated area in factory where it would be dried out by a heat source until itâ€™s completely vaporized from its liquid state. Afterwards, if needed for further processes, it will then be fed to a centrifuge where any solid contaminates are separated out from it before being recycled or disposed of accordingly.

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Depending on industrial oils, most customers opt for heavily refined versions due to their high quality performance when used during running machinery. This level of refining is done in a vacuum distillation process which often results in very large volumes of waste lube oil that contains no hazardous material whatsoever; these oily wastes can then be reprocessed using an advanced refining process known as hydro-treating.

In many cases, only 15% new petroleum is required by these plants to maintain consistent overall energy use, resulting in about 85% reduction over traditional internal combustion engines. Then end product are called base oils

Benefits :

By recycling your waste lubricating oil, you can cut costs in many ways. One way is by replacing costly new oil with re-purposed used oil that can go on to serve other purposes, such as being resold into your own market or others that accept your used products. Another cost saving possibility is by selling off recycled materials as scrap metal and other components. Doing so is often quite profitable for parts of machinery and tools that are still in good condition but no longer useful for their original purposes.

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Market Outlook:

India industrial lubricant market is projected to grow to USD 1.91 billion by 2027, on the back of strong growth in construction & mining sectors across the country. Industrial lubricants find application in variety of end user industries therefore, an extensive list of lubricants is available that include hydraulic oil, greases, gear oil, compressor oil, industrial engine oil, metal working fluids and bearing oil. Among these, the hydraulic lubricants and machine lubricants dominate the market due to high demand in industrial and mining applications.

The waste lubricating oil recycling plant market is highly lucrative, and is expected to grow at a healthy CAGR. The rise in awareness about environmental pollution due to improper disposal of used oil has compelled end-users of lubricants and machinery manufacturers to adopt proper procedures for used oil management. In addition, it has also increased demand for recycled products that are friendly to environment.

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Market growth is highly dependent on factors such as rising disposable income, development of infrastructural facilities and diminishing crude oil prices. Waste lubricating oil recycling plant market is also driven by government regulations and incentives related to waste disposal and non-renewable energy generation. However, limited availability of space for installation may hamper industryâ€™s growth over the forecast period. In addition, environmental concerns regarding wastage of lubricants in nature can restrict market share for recycled products.

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