This business plan summary outlines a proposed plastics recycling business in India. The business will collect post-consumer plastic waste like PET and HDPE bottles, clean and refine the materials in a recycling plant, and use the recycled plastic to manufacture plastic granules and packaging products. The business aims to reduce plastic pollution while generating profit. Key aspects include collecting waste from scrap dealers, investing in machinery and facilities, locating the plant outside city limits, and targeting plastic manufacturers and polybag makers as customers. The business will be a partnership and leverage opportunities from government support for recycling initiatives.
This business plan summary outlines a proposed plastics recycling business in India. The business will collect post-consumer plastic waste like PET and HDPE bottles, clean and refine the materials in a recycling plant, and use the recycled plastic to manufacture plastic granules and packaging products. The business aims to reduce plastic pollution while generating profit. Key aspects include collecting waste from scrap dealers, investing in machinery and facilities, locating the plant outside city limits, and targeting plastic manufacturers and polybag makers as customers. The business will be a partnership and leverage opportunities from government support for recycling initiatives.
This business plan summary outlines a proposed plastics recycling business in India. The business will collect post-consumer plastic waste like PET and HDPE bottles, clean and refine the materials in a recycling plant, and use the recycled plastic to manufacture plastic granules and packaging products. The business aims to reduce plastic pollution while generating profit. Key aspects include collecting waste from scrap dealers, investing in machinery and facilities, locating the plant outside city limits, and targeting plastic manufacturers and polybag makers as customers. The business will be a partnership and leverage opportunities from government support for recycling initiatives.
This business plan summary outlines a proposed plastics recycling business in India. The business will collect post-consumer plastic waste like PET and HDPE bottles, clean and refine the materials in a recycling plant, and use the recycled plastic to manufacture plastic granules and packaging products. The business aims to reduce plastic pollution while generating profit. Key aspects include collecting waste from scrap dealers, investing in machinery and facilities, locating the plant outside city limits, and targeting plastic manufacturers and polybag makers as customers. The business will be a partnership and leverage opportunities from government support for recycling initiatives.
LUMBA Faculty Mentor / Supervisor : Dr HIMANSHU MOHAN
Signature for Approval : Plastics Recycling Business Plan According to the recent report of Central Pollution Control Pollution Board , “ India generates nearly 26000 tonnes of plastic waste every day , making it the 15th biggest plastic polluter globally.”
EXECUTIVE SUMMARY : The growing utilization of plastics in industrial and
consumer applications, combined with increased consumer awareness surrounding solid waste recycling, has led to an increased demand for recycled plastic resins and products. One of the fastest growing types of collected plastic materials for recycling is polyethylene terephthalate ("PET") from post-consumer beverage and water bottles. The Company will capitalize on the opportunities in the recycled resin and packaging markets through two main divisions: a Recycling Division and a Packaging Division. The Company will create a PET cleaning and refining plant and it will utilize post-consumer bottle feed stock. The Company will be vertically integrated, and use almost all of its recycled material in its Packaging Division. Any surplus materials (clean flake) produced will be sold to outside companies. The extruded sheet may then be sold to manufacturers, who will thermoform it into high-visibility packaging or use it in other high value added manufacturing operations. The strapping will be sold to companies who ship large packages or pallets Business Plan Summary at Glance
Vision : “To be leader in national market of green business.”
Mission : To convert plastic waste into commercially viable product and promote environment friendly business.
Our business will be will be based on Partnership form of
business in which the capital and profit will be shared among the partners on the predetermined agreed terms as mentioned in partnership deed. Our business will involve process of recovering waste or scrap plastics (PET HDPE) and reprocessing the material into functional and useful products ( Plastic Granules) . The main goal of business will be to reduce plastic pollution diverting plastic from landfills or unintended destinations such as oceans. The basic raw material for our business will be scrap plastics of PET and HDPE variety which is recyclable. In order to procure the raw material we will team up with scrap pickers, scrap dealers or plastic waste collection houses. We will give direction to raw material suppliers to use plastic compressor to reduce cost involved in transportation. The initial investment for establishing such business will include expenditure to purchase fixed assets such as land, machinery , plastic recycling plant. Variable cost will include hiring of technicians for operating machine , labours for carrying other incidental jobs . Other utilities required will include electricity, water, tools , etc. The location for our plant will be outskirts of the city since land available will be less costly. We will also construct a warehouse to keep our raw material as well as our finished product .
Strength : Cheap availability of raw materials , Environment Friendly.
Weakness : Perception regarding recycled product of being low quality. Opportunity : Government Initiatives and support in the form of loan, subsidies ,loan waiver , etc Threats : Government policy to ban plastic use.
Our business will be based on Manufacturing Model.
Future Prospect : The street picker-based recycling economy, along with
the various bans, have ensured India’s continued efforts in battling plastic pollution. At the other end of the spectrum, the country is home to some of the most innovative thinking about plastics recycling. Clearly the economic and developmental goals of India, if not the world, require a fresh approach to changing the story of plastics.