Why do so many people start to invest in waste plastic to oil projects?

In modern life, we we are exposed to all kinds of plastics every day. As we all know, the main component of plastic is resin. Resin refers to a polymer organic compound that is not mixed with various additives, so it is necessary to recycle this valuable polymer organic compound after the plastic is used. Doing group has been engaged in the waste plastic to oil industry for more than ten years, and we can provide waste plastic to oil plant to recycle plastic. But why do so many people start to invest in waste plastic to oil projects? Please continue to read.

Why do so many people start to invest in waste plastic to oil projects?

Through Doing waste plastic to oil plant, we can easily recycle PP/PE/PS/ABS plastic to get fuel oil and carbon black. Fuel oil is a good heating fuel, also called pyrolysis oil, crude oil, heavy oil, which has a calorific value of 10592.48 Kcal/kg, much higher than that of coal. It has a very good market in all countries and is widely used in boiler factory, cement factory, steel factory, brick factory, glass factory, heavy oil power plant, heating supply center, etc. Carbon black can be directly used as an ingredient in the industries listed and is more economical compared to carbon black produced primarily from petroleum.

As the main end product and revenue source, we can analyze the annual revenue profit according to your fuel oil output. Take the Chinese market as an example, the price of fuel oil is RMB 3200/ton and the price of carbon black is RMB 400/ton. Usually for mixed waste plastics, you can get 30%-60% of fuel oil and 40%-70% of carbon black from plastics.

In addition to the above profit, in some countries, in order to encourage waste recyclers to process plastics, the government will subsidize the companies when they process the waste plastics.

So all in all, the profit of waste plastic to oil plant is very substantial. This is the reason why many people start to invest in waste plastic to oil projects.

If you want to know more about waste plastic to oil plant, welcome to contact us directly!