Want to set up your own profitable business? Do you also want to help the environment? If you do, you should seriously consider setting up a tire recycling plant. It’s a profitable business that not only makes money but also helps in cleaning the environment.

As you might know, waste tires are a big problem all around the world. The landfills are choking with waste tires. In fact, more than a billion waste tires are thrown into landfills each year and countries all around the world want a quick solution for this burgeoning problem. Waste tires are not only an eyesore but also leech chemicals into the groundwater polluting it. Therefore, cities all around the world are willing to even give incentives to businesses that can help them in tackling the growing problem of waste tires.

You can take advantage of this huge opportunity by setting up your own tire recycling business. In this business, you will be converting waste tires into oil and other products that have a huge demand in various industries. As you know, waste tires are made from rubber and a few other materials. These materials at the molecular level are large polymers with several hundred molecules in a chain. With the help of the pyrolysis unit, these large polymers can be broken down into simpler polymers and the products obtained through this process can be used as alternative fuels in various industries.

As far as the tire recycling business profit is concerned, it can be a highly profitable activity if you have a good source of raw materials and you are able to find buyers willing to pay a good price for the products obtained through the pyrolysis process. Needless to say, the profitability of your business will also depend on the efficiency of pyrolysis plant, cost of labor at your location, cost of raw material as well as the cost of logistics involved in fetching raw materials to your plant and supplying final product to the buyers.

Before you start thinking about profitability, you should read as much as you can about the pyrolysis process in order to buy a high-quality plant that is extremely efficient. During your research, keep working on your business plan. If you have never written a business plan before or you have no idea how to write a business plan, search online on your favorite search engine. There are also companies involved in selling pyrolysis plants that provide help with business plans, for example, Beston Machinery in China. These companies are invested in your success as their success depends on the success of their customers. Take help from such companies as well as consultants with experience in this business.

Overall, the tire recycling business is a huge opportunity for enterprising minds. As far as the profitability of this business is concerned, it depends on a number of factors like all other businesses. The profitability will depend on the cost of raw materials, the cost of labor, the final price of the end products and a number of other variables. You will be able to arrive at the rough profitability only after writing your own well-researched business plan. So, keep the above-mentioned tips in mind when writing a business plan in order to set a strong foundation for a profitable tire recycling business.