Do you want to read the PDF plan to start a plastic recycling business in Nigeria from home and online to earn money, equipment needed, and basic requirements?
If YES, then this is the only post to read.
With over 200 million people in Nigeria, the country generates over 30 million tons of waste yearly.
Single-use plastics are an integral part of these wastes.
Today’s world is filled with plastics, every nook and cranny from our homes to the streets.
What do you think happens to these plastics when we throw them away?
People gather them and sell them to companies that make use of them.
This is where plastic recycling comes in.
The plastic recycling business in Nigeria is one of the high-income trades many Nigerians are yet to learn and venture into.
Recyclable plastic materials include plastic water bottles, PET (polyethylene) bottles, plastic bags, etc.
Plastic Recycling Business in Nigeria
Recycling is transforming waste materials into valuable resources for production.
It involves collecting, sorting, and processing plastic waste into pellets or flakes to make new rubber items.
The plastic recycling business has long become a profitable business in Nigeria.
It requires knowledge and finance to start. You may need a lot of money depending on how you plan to start the company.
Buying machinery, hiring workers, getting a suitable location, and registering your business requires cash.
You can be in the business of gathering and selling plastic waste to recycling companies; this one needs little or no capital to start.
Steps to Starting Plastic Recycling Business in Nigeria
In this business, either you choose to pick recyclable materials and sell them to recycling companies, or you buy plastic waste from people and recycle them yourself (that’s having your own recycling company) using recycling machines.
The former is not expensive to start as you only need to move around the cities or pay people to move around and gather plastic waste for you.
You can start this one with little or no capital.
The latter requires a lot of money to launch and is more profitable, too.
To open a recycling firm, you need money to buy equipment, location, employ workers, and register your business.
Here are the steps to start a profitable plastic recycling business in Nigeria:
1. Market Analysis
Market research is the first step for a person who wants to venture into a trade, especially a large-scale business.
Meet people who are into the plastic recycling business in Nigeria to give you insight into the business.
- Are there people in the same business in your area?
- How do they run theirs?
- What pricing system do they use?
- How much capital is enough for a startup?
A thorough research would answer these questions.
2. Business Plan
There should be proper documentation of how you intend to run your business.
Every serious person who wants to start a company should have a written business plan.
A well-crafted business plan should include objectives and goals of the business, marketing strategy, and financial projections.
It is also necessary in case you want to obtain loans or grants for your business.
3. Get Startup Capital
Now that you have known how much capital you need to start, it is time to gather it.
You can opt for a loan or grant if you need a large sum of money to launch this business.
Funding options you can go for include loans from family and friends, bank loans, international grant opportunities, and crowdfunding.
You can also partner with another person to start this business.
4. Find a Suitable Location
There are no specific sites for the plastic recycling business in Nigeria.
It could be an open area or a building where you sort plastic waste before sending it to a recycling company or where you recycle it yourself.
5. Buy the Equipment
You need machines for the complete process of recycling plastic waste.
You may decide to lease or buy new equipment depending on how much capital you have.
6. Business Registration
The next step in starting a plastic recycling business in Nigeria is registering your firm with the appropriate body.
Having your company registered with the Corporate Affairs Commission (CAC) is crucial as it will prevent harassment and enable you to run your business with no legal issues.
It is a straightforward process that could be done online on their website.
7. Get Licenses
Once you have registered your business, get the permits and licenses from regulatory bodies before starting a plastic recycling business in Nigeria.
Examples of these bodies include the State Environmental Protection Agencies (SEPAs) and the National Environmental Standards and Regulations Enforcement Agency.
8. Hire Workers
If you have decided to establish a plastic recycling firm, you need workers to manage each process step.
You will hire plastic waste collectors, sorters, machine operators, and administrative staff.
9. Start Recycling
You can now start collecting, sorting, and recycling plastic waste.
Recycled plastics are converted to pellets or flakes for making bags, plastic bottles, containers, and building materials.
Plastic Recycling Machine Price in Nigeria
The price of a plastic recycling machine in Nigeria varies depending on the type of machine, the capacity of the machine, and the brand of the machine.
Expect to pay between ₦6,500,000 and ₦9,000,000 for a new plastic recycling machine in Nigeria.
You can also find used plastic recycling machines for sale for around ₦3,000,000 to ₦5,000,000.
Here are some of the most popular plastic recycling machines in Nigeria:
- Plastic Granulator: A plastic granulator is used to crush plastic waste into small pellets. These pellets can then make new plastic products.
- Plastic Shredder: A plastic shredder is used to shred plastic waste into small pieces. These pieces can then be melted down and recycled into new plastic products.
- Plastic Extruder: A plastic extruder is used to melt plastic pellets and extrude them into new plastic products.
- Plastic Injection Molding Machine: A plastic injection molding machine is used to inject molten plastic into a mold to create new plastic products.
When choosing a plastic recycling machine, consider these factors:
- Type of Plastic: The type of plastic that you want to recycle will determine the type of plastic recycling machine you need. If you want to recycle PET bottles, you will need a different type of machine than if you want to recycle polyethylene bags.
- Capacity: The capacity of the machine will determine how much plastic waste you can recycle in a day. Choose a machine with a capacity that is appropriate for your needs.
- Brand: There are many brands of plastic recycling machines available. Choose a machine from a reputable brand to ensure that you are getting a high-quality machine.
Once you have purchased a plastic recycling machine, maintain it properly.
This will help to extend the life of the machine and prevent costly repairs.
You should have the machine serviced regularly and replace any worn parts immediately.
Cost of Setting up a Plastic Recycling Plant in Nigeria
The cost of setting up a plastic recycling plant in Nigeria varies depending on several factors, including the size and capacity of the plant, the type of plastic that will be recycled, and the equipment that will be used.
You can expect to pay between ₦10 million and ₦50 million to set up a small- to medium-sized plastic recycling plant in Nigeria.
Here are the major costs involved in setting up a plastic recycling plant in Nigeria:
1. Equipment
The cost of equipment is one of the biggest expenses involved in setting up a plastic recycling plant.
The type of equipment that you need will depend on the type of plastic that you want to recycle and the capacity of the plant.
2. Land
You will need to purchase or lease land to build your plastic recycling plant.
The cost of land will vary depending on the location of the plant.
3. Building
You will need to build a facility to house your plastic recycling plant.
The cost of building the facility will vary depending on the size and complexity of the plant.
4. Permits and Licenses
You will need to get the permits and licenses from the government.
The cost of permits and licenses will vary depending on the location of the plant and the type of plastic that you will be recycling.
5. Working Capital
You will need working capital to cover the costs of operating your plastic recycling plant, such as the cost of raw materials, labor, and utilities.
Companies that Buy Plastic Waste in Nigeria
Here are the companies that buy plastic waste in Nigeria:
1. Chanja Datti
Chanja Datti is a social enterprise that currently collects waste plastic (PET bottles, pure water sachet, nylon bags etc.) and other recyclables like aluminum cans, papers (old newspapers, cardboard, cartons, old textbooks), tires, and glass bottles, and transforms them into flakes or shreds, as raw materials in the manufacture of other products.
Chanja Datti is committed to environmental protection and is strategically poised to deploy indigenous technology, including those produced by students from Nigeria’s tertiary institutions towards its recycling efforts.
2. Recycla
Recycla is a company that collects and recycles plastic waste in Nigeria.
They have collection centers in major cities across the country.
3. Wecyclers
Wecyclers is a company that collects and recycles plastic waste in Nigeria.
They offer a door-to-door collection service for businesses and individuals.
4. Plastic Recycling Company of Nigeria (PRC)
PRC is a company that collects and recycles plastic waste in Nigeria.
They have collection centers in major cities across the country.
5. Recyclenow
Recyclenow is a company that collects and recycles plastic waste in Nigeria.
They offer a door-to-door collection service for businesses and individuals.
6. Greenville Recycling Company
Greenville Recycling Company is a company that collects and recycles plastic waste in Nigeria.
They have collection centers in major cities across the country.
Here are tips for selling plastic waste in Nigeria:
- Sort the plastic waste by type and color. This will make it easier for the recycling company to recycle plastic.
- Clean the plastic waste before selling it. This will make it more valuable to the recycling company.
- Remove any labels or stickers from the plastic waste before selling it. This will make it easier for the recycling company to recycle plastic.
- You will get a better price for plastic waste if you sell it in bulk.
- Don’t be afraid to negotiate the price with the recycling company. You may get a better price if you sell a large quantity of plastic waste.
Conclusion
Starting a plastic recycling business in Nigeria can be a challenging but rewarding experience.
With careful planning and execution, you can build a successful business that meets the needs of your customers.
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