How much does it cost to recycle plastic in India?

How much does it cost to recycle plastic in India?

If you sum up the total cost, the initial or one-time investment will come between 10 lakhs to 50 lakhs, whereas the running or monthly expense ranges between 1.25 lakhs to 2.5 lakhs per month.

Is waste recycling business profitable in India?

The financial models that recycling plants abroad are working on are pretty lucrative too, says a study conducted by Toxics Link. According to the study, 5 tonne of e-waste, which would come from about 183 computers, gives a huge profit of Rs 1,78,308.

How much does it cost to set up a plastic recycling plant in India?

India’s plastic recycling plant cost can range anywhere between INR 7 lakhs to 10 lakhs.

What is the price of 1 kg plastic?

The rate of 1 kg plastic is ₹12.

How much money do waste pickers get for 1kg of plastic?

We get paid R2 for 1kg of plastic, 70c for a kilo of cardboard, clear plastic bottles R2, milk cartons are R3.

How do I start plastic recycling industry?

5 Ways to Start a Plastic Recycling Business

  1. Research. The recycling market is new and has not gained much attention yet.
  2. Make a business Plan. Make a plan, contact NGO’s or talk to some local volunteer who can help you in gathering the plastic across.
  3. Location and License.
  4. Equipment.
  5. Promote.

How profitable is plastic recycling?

If we take a median scrap price of $0.20 per pound, that 500,000 of plastic scrap has now generated a profit of $100,000. The reduction of waste begins with manufacturing plants taking steps to recycle and reuse materials. In the automotive industry, 80% of each automobile is recyclable.

Which industries use recycled plastic?

Based on End-use Industry, the recycled plastics market has been segmented as follows:

  • Packaging.
  • Building & Construction.
  • Textile.
  • Automotive.
  • Electrical & Electronics.
  • Others.

Can I start a plastic recycling business?

If you’re committed to helping the environment and want to make extra cash in the process, a plastic recycling business could be a terrific startup for you. You have many options, from collecting plastics and outsourcing processing to another company, or buying processing equipment and do the processing yourself.