If you have ever seen the pictures of landfills that are completely filled with tyres, you will realize why the following business model could be very lucrative. There are some people that have tried to create this business, using the latest technology, but for many years actually failed. It was not until pyrolysis plants were modified to be more productive, and the cost of producing them diminished, that it was seen as a viable business model that could turn a profit. With the sheer volume of tyres in the world today, numbering in the billions, it is literally an endless supply of rubber-based tyres that can be used to create profitable products. This article will address how the process works, why it is profitable, and also show you the average cost of tyre pyrolysis plant today.
How Do They Work?
When you see a schematic for these businesses, regardless of their size, they all have very similar components. There is an initial process that the tyres must go through where they are broken down into smaller components, allowing them to be more easily affected by heat. It is in the scrap tyre recycling plant that this process occurs, ramping up temperatures in excess of 500 degrees, where the different parts of the tyres can be broken down. There will obviously be a significant amount of metal, and byproducts such as bio-char, syngas, and the most profitable of all of the components which is bio-oil. The latter product is used in place of oil, and is sold in stores as a cosmetic alternative to stretch Mark creams and scar removal oils. As long as a business has contacts with people that could buy this from material to process it, it would be a very profitable company to start up.
If you look at a very basic unit that is designed to accomplish this, some of them can be as little as $28,000, all the way up to $150,000. The more money that you spend, the more efficient the factory will actually be for the production and processing of the tyres. Some of them can cost even more than that, these are large scale operations, typically set up adjacent to a large supply of tyres in the ground. You will want to have this if you are thinking about employing several people, and creating a sustainable business model that will last for many years or decades. There is no doubt that the number of tyres that you get will continue to increase, but it’s good to have a backup or reserve supply. To set this type of business up, you have to raise money, find a suitable factory location, and then of course by all of the components needed for the tire recycling equipment in order to make it fully functional.
After you have started this business, it may take a couple years to see a substantial profit, especially if you had to raise money that is not your own. You may have investors that will have a portion of the proceeds go to them, on top of paying on the loan that they give you, which can also cut into your profits for the first few years. However, once you have one set up, you can begin to save your money and create several others at large landfills full of tyres. You will be saving the environment, making substantial profits, and creating a sustainable business model that can also help employ people were ever your business is up and running. Now that you know the average cost, you should consider this if you have always wanted to be in business for yourself. This is a ground-floor type of opportunity, one that is now feasible due to the lower cost of the machinery needed for this type of business, and almost anyone can be profitable because of the high demand for bio-oil that exists right now.
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