plastic recycling business plan

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Plastics Recycling Business Plan

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Replay Plastics

Executive summary executive summary is a brief introduction to your business plan. it describes your business, the problem that it solves, your target market, and financial highlights.">, opportunity.

How much of our solid waste is plastic? The Environmental Protection Agency reports plastic made up 12% of the 254 million tons of waste generated in 2007. That’s more than 30 million tons of plastic in one year. Some reports state plastic materials can take hundreds of years to break down in a landfill. When you take part in our plastics recycling program, you join a network of Green-minded people and companies who recycle millions of tons of plastics across the United States annually.

And, for every 1 ton of plastic that’s recycled, reports estimate that 7 yards of landfill space is saved. By recycling, you can also help conserve the additional 80% of energy that’s typically used when making new plastic bottles, containers and other items instead of recycling. It’s easy to see why recycling plastic is so important.

Baled plastics, specifically plastic bottles, have a high scrap value per ton. In fact, the only other recyclable that’s more lucrative is aluminum cans.

Replay Plastics will create a PET (polyethylene terephthalate) cleaning and refining plant located in the western United States (all 16 major North American PET recycling plants are currently located in the eastern United States or Canada). Its initial capacity will be 46 million pounds, and it will utilize post-consumer bottle feed stock presently collected in California, Oregon and Washington States, which collect over 200 million pounds per year. 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, such as the lumber milling industry

Currently there is no direct competition in the western United States for either of the two divisions of the Company. Any production in the trading area remains captive and not available to our target market.

The ability of the Company to obtain a source of post-consumer bottle stock is an integral component of the strategy to vertically integrate operations and manufacture products in demand by western consuming industries. Without the cleaning and refining division, it would be difficult to source sufficient RPET flake resin at costs that would allow the Company to be competitive.

Competition

There has been a strong demand (sellers’ market) for our products for several years. Traditional buying patterns in this industry are based on quality, price, reputation of manufacturer, freight costs, delivery times and proximity to markets. During such a sellers’ market, buying patterns are often more influenced by availability.

Replay Plastics is a manufacturing company dedicated to converting waste plastic materials into commercially viable products, utilizing environmentally friendly recycling and manufacturing methods. We intend to make enough profit to generate a significant return for our investors and to finance continued growth and continued development in quality products. We will also maintain a friendly, fair, and creative work environment, which respects diversity, new ideas and hard work

Expectations

After a couple month start-up period to build the recycling and packaging facilities, buy equipment, and incorporate the business, Replay Plastics will begin a quick turnaround of product.

Financial Highlights by Year

Financing needed.

Our Founders will put up a total of $1.5 million dollars. We will also have a group of VC investors that will put up the 2.7 million dollars. This will give replay plastics the 4.2 million that it needs to start.

Problem Worth Solving

Our solution.

Replay Plastics will create a PET cleaning and refining plant located in the western United States (all 16 major North American PET recycling plants are currently located in the eastern United States or Canada). Its initial capacity will be 46 million pounds, and it will utilize post-consumer bottle feed stock presently collected in California, Oregon and Washington States, which collect over 200 million pounds per year. 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, such as the lumber milling industry

Target Market

Market size & segments.

Strong demand for recycled plastics is working in the industry’s favor. Major users of plastic packaging, apparently responding to consumer desires, have begun incorporating at least some recycled plastic content in their products as part of the growing interest in recycling. Recycled resin demand is on the rise as prices for the two major recycled resins, PET and HDPE, continue to hold value or appreciate against their virgin counterparts.

In volume, PET is currently the number one recycled resin. Supply of recycled PET is in excess of 800 million pounds per year. This figure is expected to grow, reaching over 1 billion pounds during the next few years. The plastics industry has developed new markets and applications for recycled resins from both post-consumer and post-industrial sources.

PET leads the recycled recovered resins as the most visible and valuable, and its use is increasing. Of the total 3.7 billion pounds of PET consumed in 1997, just 16% was from recycled sources. Of the more than 90 billion pounds of plastics produced annually in the United States, less than 5% is from recycled sources. Plastics, after aluminium, represent the second highest value material in the waste stream and have the highest projected growth rate.

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Packaging is expected to be the largest market segment for recycled plastics, with sheet and lumber following. Surveys indicate that Americans are increasingly willing to collect and separate discarded packages, foregoing a degree of convenience to make products more disposable, and even paying a premium for a recycled item.

Increasingly, communities are refusing to consider incineration until every effort is made first to recycle; public sentiment is strongly in favor of products that can be recycled or are made of recycled materials. In recent years, the household recycling rate of PET bottles has more than doubled to 30% of all PET soft drink bottles sold. In fact, PET’s recycling rate is the fastest growing among all beverage containers. The future of PET recycling is even brighter than it has been in the past. PET intrinsic scrap value is second only to aluminium among container materials. The plastics industry has launched a research and development program aimed at increasing PET recycling. According to the U.S. Environmental Protection Agency (EPA), plastic soft drink bottles account for approximately 2% of the solid waste discarded in America. The EPA has set a national goal to recycle 25% of the municipal solid waste stream and the industry is committed to achieving its share of that important goal.

The recycling industry intends to accelerate the rate of plastic recycling as part of its commitment to develop solutions to the solid waste problem. Industry analysts have projected that 50% of all PET containers will be recycled by the year 2007. More plastics will be recycled annually than any other recyclable material. Replay believes a significant answer to America’s waste problem lies in creating high value, recycled thermoformable sheet and other extruded products for the packaging market.

Although more than 200 million pounds of PET post-consumer materials are collected in the western United States each year, there is presently no local cleaning and refining facility converting the bottles into resins suitable for re-manufacturing. Originally, recycled PET (RPET) was used primarily in the carpet fiber industry, which is located along the eastern seaboard. The early development of the RPET industry was therefore focused in the eastern USA, with eastern states adopting the first bottle deposit laws that resulted in collection of post-consumer bottles that can be recycled. Recently, California, Oregon and Washington have adopted bottle deposit programs, and accumulation of recyclable materials in those states has begun. With all of the cleaning and recycling plants and the majority of consumers traditionally located in the eastern part of the country, development of consumers of recycled flake and down-line products, such as film and sheet, has been slow to develop in the West. A strong demand for post-consumer bottles from Asia has prevented the buildup of inventories and reduced the pressure for the collection industry to find or develop western markets.

There is currently no independent extrusion plant of recycled polyterephthalate (PET) sheet in the western United States or Canada that services the roll stock requirements of major custom and proprietary formers. With the development of the recycling industry for PET starting in the eastern part of the country, and the preponderance of consumers of sheet there as well, development of independent extrusion facilities using RPET has been slow to develop. It appears that in order to attract such companies, local sources of RPET would have to available. While there are customers in the West for the products, contracting a supply and shipping it from the East makes the venture unattractive.

Our founders recognize that an opportunity exists and propose a vertically integrated conversion facility that will employ state-of-the-art technologies to produce extruded sheet and high strength strapping from 100% recycled PET post-consumer bottle stock, cleaned and refined in our own facility.

4.1 Target Market Segment Strategy

The Company has chosen its target markets because recycled PET (RPET) is in high demand as flake resin by converters, as roll stock sheet used to produce high visibility packaging and as high strength strapping for the lumber industry. Sales are price-sensitive, so that proximity to markets and feed stock source provide a competitive edge. Replay Plastics identified an opportunity to take advantage of both circumstances in the western United States.

Total market demand is reported as 1.2 billion pounds per year. Since only 800 million pounds are processed in the USA, consumers are forced to look at wide spec virgin PET (virgin resin that is outside of spec but still usable) which is normally sold at a discount to virgin prices, but still higher than recycled (RPET) pricing. Some manufacturers are also forced to import materials from Mexico, India and South America. Some converters are being forced to use more expensive virgin resin.

The current pricing for virgin resin is $0.65-0.73 per lb. and $0.42-.53 for RPET flake. The spread between the two has traditionally been maintained at approximately $0.20 per lb.

PET Film & Sheet

The total reported market of extruded film and sheet is 872 million pounds, of which identified industry usage of RPET is 160 million pounds.

The reported market demand (to replace virgin PS, PVC and PET) if RPET was available is estimated at 1 billion pounds.

Current pricing for RPET sheet is $0.70-0.79 per lb.

RPET Strapping

The total reported domestic plastic strapping market is 240 million pounds. Of this market, industry usage of virgin polypropylene is 132 million pounds and of PET is 108 million pounds.

It is generally accepted in the industry that less expensive strapping made from RPET could not only take over the polypropylene strapping market, but convert as much of the much larger and more expensive steel strapping market as RPET strapping was available.

Current pricing for RPET strapping is $0.90 -1.08 per lb.

Market Segmentation

The primary market can be broken down as follows.

Consumers of PET in:

California: 62
Washington: 9

Consumers of HDPE in:

California: 73
Washington: 12

All information is based on industry research,and data provided by the American Plastics Council.

Current alternatives

Currently in the western United States, there is no direct competition for cleaning and refining post-consumer or post-industrial PET. Nor is there any non-captive extrusion of roll stock sheet.

The extruded sheet required by thermoformers is currently supplied by:

Advance Extrusion, Becker, MN
Kama, Pittsburgh, PA
Plasti-Shell Packaging, Gonzales, LA
Petco, Montreal, Canada
Klockner, VA

In a news release dated September 10, 2004, Itec Environmental Group, Inc. announced their intention to open a PET and High Density Polyethelene (HDPE) recycling operation in Riverbank, CA (east of San Francisco). The news release states that the Company’s new and yet unproven technology lets it work with bottle streams that others have to reject as too dirty. This Company is familiar to our Management, and is not considered a significant factor in any of our markets.

Our advantages

Keys to success.

Keys to Success:

Secure Supply- Contract for supply of post-consumer bottles and post-industrial manufacturing waste for PET raw material feed stock.
Marketing – Contractual arrangements for the sale of virtually all initial production.
Management – Strong senior management with extensive, broad-based, industry-specific experience.

1.4 Potential Risks

Unavailable or scarce raw material feed stock for production

Replay is confident that it has secured good availability of low cost post-consumer PET bottles (feed stock) derived from post-consumer beverage bottles from California based recycling collectors, and has back up sources identified.

Technology employed may be unreliable or unproven

Replay will use a proven, patented technology that was developed by one of its principals for the cleaning and recycling phase. The extrusion division will employ commercially proven technology – the industry is employing unique recycled PET technology which is used by prominent eastern U.S. manufacturers of PET extrusions.

There may not be a market for the Company’s products

The Industry-wide experience of the Management Team has allowed them to identify markets for the Company’s products. Their expertise and reputations have allowed them to obtain commitments for virtually all of the planned initial production.

The location may not be near enough to markets

The markets that have been identified are primarily in the western U.S., which will provide a distinct advantage to the Company because of freight costs and delivery timing.

The Company may not be able to attract top management

The Company has assembled a world class management team with proven ability and direct experience in the Company’s market segments.

Company may not meet environmental standards

This environmentally-favorable venture provides for the development of technically feasible and economically viable solutions to PET plastic beverage bottle recycling, as well as environmentally aware in-house re-use practices which filter and return nearly all of the process water to the production lines.

The Company may not be able to sell all of its production capability

Through the Senior Management’s industry-wide contacts, the Company has identified potential customers and received commitments for all of the production potential of the initial facility.

Marketing & Sales

Marketing plan.

The Company has chosen to focus on the production of plastic packaging materials from recycled post-consumer beverage bottles. Because of the industry experience and expertise of the management, we have identified a significant available market in the western United States. All of our initial marketing strategy will be to secure contracts in that segment, and after reaching full planned capacity, look to grow in concert with that segment and related markets. We see little need at present for further market research and development, and will focus on continually updating our production technology in an effort to remain in the forefront of our chosen marketplace.

Because of the unique extensive experience and reputation of our Management in the Company’s chosen industry segment, we are able to identify all of the potential customers for each of the products we will produce in our facility. While most of the production of flake is ultimately intended to be used internally, we are confident that any developed surplus will be sold immediately.

All of the production of the initial facility is committed for, and should there be any capacity not consumed by these commitments, once again we are confident that the contacts of our senior management will allow for the rapid sale of any such capacity.

If the Company grows faster than its prime customer base, additional capacity may be developed. Mr. Braddock’s many years of sales and sales development will be utilized to identify additional customers and/or sales agents currently servicing the Company’s target markets.

To market the products, the Company will use a number of sales agents/brokers well known to the founders from business transactions over more than 10 years. All of these seasoned veterans have a customer base of their own, having developed successful relationships with their clientele over the years. Their customer base is currently demanding product so they can expand upon their current base. Of course, they will expand that to new customers when product is available from Replay. Those agents are located in:

Jacksonville, Florida

Houston, Texas

Chicago, Illinois

Louisville, Kentucky

Los Angeles, California

Vancouver, British Columbia

As stated, Ben Braddock, himself, is a strong marketing individual. Over his 30 years of experience in the packaging and converting industry he has developed relationships with a number of clients that are buyers of packaging materials. He has consulted to many and has been personally responsible for sourcing raw materials and converted sheet for customers in this industry.

Custom formers, extruders, laminators, and end user markets will be called upon by Ben and the sales agent team to promote and generate demand from those that buy and use RPET packaging materials.

Locations & Facilities

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.

Recycling Division

Using a patented process, the Company will create a PET cleaning and refining plant located in the western United States; we have chosen this region because all 16 major North American PET recycling plants are currently located in the eastern United States or Canada, despite western states’ favorable recycling attitudes among consumers. Its initial annual capacity will be 46 million pounds and it will utilize bottle feed stock from California, Oregon and Washington States, which collect over 200,000,000 pounds per year. The Company will become totally vertically integrated, and use all or almost all of its recycled material in its Packaging Division. Any surplus material produced will be sold to outside companies.

Packaging Division

The extruded sheet will be primarily sold to thermoformers who will convert it into high visibility packaging, as well as laminators and fabricators. The strapping will be sold to commercial users for use as package or pallet strapping.

Sam McGuire, a key member of our Management team, is one of the original innovators of cleaning and refining technology for post-consumer PET, and we will be utilizing his patented process in our recycling facility. Sam has worked in the establishment and operation of facilities employing similar technologies over the last several years.

On the manufacturing side, Management has been an integral part of the advancement of industry practices over the last twenty years or so, and includes in their knowledge base most, if not all, of the state-of-the-art available equipment and manufacturing techniques.

Milestones & Metrics

Milestones table, key metrics.

Key metrics:

Keep a close eye on supplies and suppliers. We need to operate at capacity at all times
tweets and retweets of our customers
# of customers
inventory turnover
best selling products and requests
very close eye on favorite products

Ownership & Structure

Replay Plastics is owned by the initial founders, B. Braddock, S. McGuire and C. Smith, who are the proposed three executives of the operating entity. The plan was conceived and developed by these individuals, with the intent to apply their extensive experience and contacts in the industry to building a successful profitable corporation.

Management team

Ben Braddock, President and CEO, has a 30-year history of experience encompassing all aspects of Polymer Raw Material, Plastic Conversion Methods, and Venture Development. He founded Company C, a multi-cavity plastic injection molder container facility, and Company D, a solid phase pressure forming polypropylene (PP) food container facility. He also assisted in the launch of five plastic converting manufacturing plants.

For the last fifteen years Ben has been an independent consultant in the plastics industry. His clients have included [proprietary and confidential information removed].

Sam McGuire, Executive VP and COO, is a graduate engineer with over 20 years experience in the post-consumer plastics recycling industry and is the inventor of the primary recycling technology used in the process for this project. He has received a patent for his recycling technologies and has been directly involved in over twenty-five major post consumer plastics recycling projects. Sam has played a major role in the design and manufacture of specific recycling equipment as well as playing a key management role in the design, construction, installation, commissioning and operation of several independent recycling businesses.

In 1998, Sam sold his interests in a medical waste treatment and plastics recycling business to a public company (Company A) based in Chicago. Since that time he has served as Vice President, International Business Development and Engineering for this Company. His primary responsibilities over the past five years have included: the rollout of the corporate business model to international countries; the licensing of intellectual property to joint venture companies; managing the design and construction of medical waste treatment and plastics recycling facilities and continuing business and technical support to the resulting joint venture businesses throughout the world.

In the past five years, Sam has successfully completed projects in Brazil, Argentina, South Africa, Japan and Australia totaling over $100 Million in investment.

Carl R. Smith, CFO, has over 30 years of investment, merchant banking and management experience. He has assisted in raising over $500 million and served as board member and/or officer in over 40 public and private companies.

Carl is the former CEO of E Corporation, Ltd., a company manufacturing plastic injection molded products. Prior to 1993 he was a partner in two independent investment banking firms, Company F and Company G. During his time at Company G, more than $450 million was raised for client companies, and the assets grew to $50 million. Prior to forming Company G, Carl was a principal and manager of several operating companies in industries such as plastics, mining and oil and gas exploration.

Financial Plan investor-ready personnel plan .">

Key assumptions.

Key Assumptions:

Replay has allowed for 30 days to collect receivables due to knowledge and experience with customers in the industry.
Inventory turnover is predicted at 12 times, which is extremely conservative.
The personnel burden includes contribution by the Company to employee health care.
We have allowed for Accounts Receivable financing of 70% at an interest rate of 12% per annum.
It is assumed that additional extrusion lines will be added in the second year, with down payments of 33% at time of order and balance paid at time of shipment (see Cash Flow for details). These will be purchased as long-term assets out of the cash flows of the business.
General annual growth rates of 5% have been assumed on all sales prices and material and labor costs.

Revenue by Month

Expenses by month, net profit (or loss) by year, use of funds.

Our start-up expenses are budgeted at $210,000, which is mostly for on-site contractor services during facility preparation. $50,000 has been set aside for legal and accounting, $25,000 for special consulting that may be required during start up and $50,000 each for local engineering and lab equipment and supplies. $30,000 has been set aside as a contingency for the start up period.

Our largest Start-up Requirement is the building of the recycling and extrusion facility. Its final value at completion is listed below as a long-term asset of $3,620,000 (excluding expensed items like consultants and engineering listed above). Aside from the building itself, we need $25,000 in machinery and fixtures, $500,000 of inventory (plastic bottle feed stock) and cash to cover us through the initial year.

Start-up Expenses

Legal & Accounting $50,000

Stationery etc. $5,000

Consultants $25,000

Lab Equipment $50,000

Local Engineering $50,000

Misc Start up $30,000

TOTAL START-UP EXPENSES $210,000

Sources of Funds

We will get a $800,000 dollar loan against our 3 million dollars of assets. Our Founders will put up a total of $1.5 million dollars. We will also have a group of VC investors that will put up the 2.7 million dollars. This will give replay plastics the 4.2 million that it needs to start.

Projected Profit and Loss

Projected balance sheet, projected cash flow statement.

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How To Write a Plastic Recycling Business Plan + Template

Creating a business plan is essential for any business, but it can be especially helpful for plastic recycling businesses who want to improve their strategy and/or raise funding.

A well-crafted business plan not only outlines the vision for your company, but also documents a step-by-step roadmap of how you are going to accomplish it. In order to create an effective business plan, you must first understand the components that are essential to its success.

This article provides an overview of the key elements that every plastic recycling business owner should include in their business plan.

Download the Ultimate Business Plan Template

What is a Plastic Recycling Business Plan?

A plastic recycling business plan is a formal written document that describes your company’s business strategy and its feasibility. It documents the reasons you will be successful, your areas of competitive advantage, and it includes information about your team members. Your business plan is a key document that will convince investors and lenders (if needed) that you are positioned to become a successful venture.

Why Write a Plastic Recycling Business Plan?

A plastic recycling business plan is required for banks and investors. The document is a clear and concise guide of your business idea and the steps you will take to make it profitable.

Entrepreneurs can also use this as a roadmap when starting their new company or venture, especially if they are inexperienced in starting a business.

Writing an Effective Plastic Recycling Business Plan

The following are the key components of a successful plastic recycling business plan:

Executive Summary

The executive summary of a plastic recycling business plan is a one to two page overview of your entire business plan. It should summarize the main points, which will be presented in full in the rest of your business plan.

Start with a one-line description of your plastic recycling company.
Provide a short summary of the key points in each section of your business plan, which includes information about your company’s management team, industry analysis, competitive analysis, and financial forecast among others.

Company Description

This section should include a brief history of your company. Include a short description of how your company started, and provide a timeline of milestones your company has achieved.

If you are just starting your plastic recycling business, you may not have a long company history. Instead, you can include information about your professional experience in this industry and how and why you conceived your new venture. If you have worked for a similar company before or have been involved in an entrepreneurial venture before starting your plastic recycling firm, mention this.

You will also include information about your chosen plastic recycling business model and how, if applicable, it is different from other companies in your industry.

Industry Analysis

The industry or market analysis is an important component of a plastic recycling business plan. Conduct thorough market research to determine industry trends and document the size of your market.

Questions to answer include:

What part of the plastic recycling industry are you targeting?
How big is the market?
What trends are happening in the industry right now (and if applicable, how do these trends support the success of your company)?

You should also include sources for the information you provide, such as published research reports and expert opinions.

Customer Analysis

This section should include a list of your target audience(s) with demographic and psychographic profiles (e.g., age, gender, income level, profession, job titles, interests). You will need to provide a profile of each customer segment separately, including their needs and wants.

For example, a plastic recycling business’ customers may include:

Manufacturers who use recycled plastic in their products
Businesses that recycle plastic
Individuals who recycle plastic

You can include information about how your customers make the decision to buy from you as well as what keeps them buying from you.

Develop a strategy for targeting those customers who are most likely to buy from you, as well as those that might be influenced to buy your products or plastic recycling services with the right marketing.

Competitive Analysis

The competitive analysis helps you determine how your product or service will be different from competitors, and what your unique selling proposition (USP) might be that will set you apart in this industry.

For each competitor, list their strengths and weaknesses. Next, determine your areas of competitive differentiation and/or advantage; that is, in what ways are you different from and ideally better than your competitors.

Below are sample competitive advantages your plastic recycling business may have:

Specialized industry experience
Proven business model
Strong management team
State-of-the art technology
Well-funded
Innovative product or service
Strong marketing and sales capabilities
Experienced staff
Proprietary processes

Marketing Plan

This part of the business plan is where you determine and document your marketing plan. . Your plan should be clearly laid out, including the following 4 Ps.

Product/Service : Detail your product/service offerings here. Document their features and benefits.
Price : Document your pricing strategy here. In addition to stating the prices for your products/services, mention how your pricing compares to your competition.
Place : Where will your customers find you? What channels of distribution (e.g., partnerships) will you use to reach them if applicable?
Promotion : How will you reach your target customers? For example, you may use social media, write blog posts, create an email marketing campaign, use pay-per-click advertising, or launch a direct mail campaign. Or you may promote your plastic recycling business via PR or by exhibiting at trade shows.

Operations Plan

This part of your plastic recycling business plan should include the following information:

How will you deliver your product/service to customers? For example, will you do it in person or over the phone only?
What infrastructure, equipment, and resources are needed to operate successfully? How can you meet those requirements within budget constraints?

The operations plan is where you also need to include your company’s business policies. You will want to establish policies related to everything from customer service to pricing, to the overall brand image you are trying to present.

Finally, and most importantly, in your Operations Plan, you will lay out the milestones your company hopes to achieve within the next five years. Create a chart that shows the key milestone(s) you hope to achieve each quarter for the next four quarters, and then each year for the following four years. Examples of milestones for a plastic recycling business include reaching $X in sales. Other examples include opening a certain number of new locations or expanding your service offerings.

Management Team

List your team members here including their names and titles, as well as their expertise and experience relevant to your specific plastic recycling industry. Include brief biography sketches for each team member.

Particularly if you are seeking funding, the goal of this section is to convince investors and lenders that your team has the expertise and experience to execute on your plan. If you are missing key team members, document the roles and responsibilities you plan to hire for in the future.

Financial Plan

Here you will include a summary of your complete and detailed financial plan (your full financial projections go in the Appendix).

This includes the following three financial statements:

Income Statement

Your income statement should include:

Revenue : how much revenue you generate.
Cost of Goods Sold : These are your direct costs associated with generating revenue. This includes labor costs, as well as the cost of any equipment and supplies used to deliver the product/service offering.
Net Income (or loss) : Once expenses and revenue are totaled and deducted from each other, this is the net income or loss.

Sample Income Statement for a Startup Plastic Recycling Business

Balance sheet.

Include a balance sheet that shows your assets, liabilities, and equity. Your balance sheet should include:

Assets : All of the things you own (including cash).
Liabilities : This is what you owe against your company’s assets, such as accounts payable or loans.
Equity : The worth of your business after all liabilities and assets are totaled and deducted from each other.

Sample Balance Sheet for a Startup Plastic Recycling Business

Cash flow statement.

Include a cash flow statement showing how much cash comes in, how much cash goes out and a net cash flow for each year. The cash flow statement should include:

Cash Flow From Operations
Cash Flow From Investments
Cash Flow From Financing

Below is a sample of a projected cash flow statement for a startup plastic recycling business.

Sample Cash Flow Statement for a Startup Plastic Recycling Business

You will also want to include an appendix section which will include:

Your complete financial projections
A complete list of your company’s business policies and procedures related to the rest of the business plan (marketing, operations, etc.)
Any other documentation which supports what you included in the body of your business plan.

Writing a good business plan gives you the advantage of being fully prepared to launch and/or grow your plastic recycling company. It not only outlines your business vision but also provides a step-by-step process of how you are going to accomplish it.

A well-crafted business plan is an essential tool for any plastic recycling company. Now that you understand the importance of a business plan for your plastic recycling company, as well as the key components to include, you are ready to get started.

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Plastic Recycling Business Plan Template & Guidebook

Plastic recycling is a booming industry globally as sustainability is becoming more and more important. Having an effective business model is essential to be able to make profit while helping the environment at the same time. If you're just starting out in plastic recycling this sample business plan template will help you understand how to write a business plan for your plastic recycling business with tips from experts on how to improve your business plan in the future.

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How to Write a Plastic Recycling Business Plan in 7 Steps:

1. describe the purpose of your plastic recycling business..

The first step to writing your business plan is to describe the purpose of your plastic recycling business. This includes describing why you are starting this type of business, and what problems it will solve for customers. This is a quick way to get your mind thinking about the customers’ problems. It also helps you identify what makes your business different from others in its industry.

It also helps to include a vision statement so that readers can understand what type of company you want to build.

Here is an example of a purpose mission statement for a plastic recycling business:

Our purpose at Plastic Recycling Co. is to provide a sustainable solution for plastic waste, by collecting, recycling, and repurposing plastic materials. Our mission is to become the leading provider of plastic recycling services in the region, offering a range of services to suit every need. We are committed to using only the latest and most effective recycling technology, and to providing exceptional customer service, with knowledgeable and friendly staff who can help customers understand their options and make the best choices for their needs. We aim to provide a safe, clean, and efficient working environment for our employees and contractors, and to deliver exceptional results that exceed our customers' expectations. We believe that everyone has a responsibility to protect the environment, and we strive to help our customers do their part through our plastic recycling services.

2. Products & Services Offered by Your Plastic Recycling Business.

The next step is to outline your products and services for your plastic recycling business.

When you think about the products and services that you offer, it's helpful to ask yourself the following questions:

What is my business?
What are the products and/or services that I offer?
Why am I offering these particular products and/or services?
How do I differentiate myself from competitors with similar offerings?
How will I market my products and services?

You may want to do a comparison of your business plan against those of other competitors in the area, or even with online reviews. This way, you can find out what people like about them and what they don’t like, so that you can either improve upon their offerings or avoid doing so altogether.

3. Build a Creative Marketing Stratgey.

If you don't have a marketing plan for your plastic recycling business, it's time to write one. Your marketing plan should be part of your business plan and be a roadmap to your goals.

A good marketing plan for your plastic recycling business includes the following elements:

Target market

Who is your target market?
What do these customers have in common?
How many of them are there?
How can you best reach them with your message or product?

Customer base

Who are your current customers?
Where did they come from (i.e., referrals)?
How can their experience with your plastic recycling business help make them repeat customers, consumers, visitors, subscribers, or advocates for other people in their network or industry who might also benefit from using this service, product, or brand?

Product or service description

How does it work, what features does it have, and what are its benefits?
Can anyone use this product or service regardless of age or gender?
Can anyone visually see themselves using this product or service?
How will they feel when they do so? If so, how long will the feeling last after purchasing (or trying) the product/service for the first time?

Competitive analysis

Which companies are competing with yours today (and why)?
Which ones may enter into competition with yours tomorrow if they find out about it now through word-of-mouth advertising; social media networks; friends' recommendations; etc.)
What specific advantages does each competitor offer over yours currently?

Marketing channels

Which marketing channel do you intend to leverage to attract new customers?
What is your estimated marketing budget needed?
What is the projected cost to acquire a new customer?
How many of your customers do you instead will return?

Form an LLC in your state!

4. Write Your Operational Plan.

Next, you'll need to build your operational plan. This section describes the type of business you'll be running, and includes the steps involved in your operations.

In it, you should list:

The equipment and facilities needed
Who will be involved in the business (employees, contractors)
Financial requirements for each step
Milestones & KPIs
Location of your business
Zoning & permits required for the business

What equipment, supplies, or permits are needed to run a plastic recycling business?

To run a plastic recycling business, you will need a few key pieces of equipment, supplies, and permits. These include:

Plastic recycling machines and equipment
Transportation and storage equipment
A permit to operate your business (depending on location)
Business licenses and permits for business activities (if applicable)

You may also need to hire and train staff to manage the plastic recycling process and provide customer service.

5. Management & Organization of Your Plastic Recycling Business.

The second part of your plastic recycling business plan is to develop a management and organization section.

This section will cover all of the following:

How many employees you need in order to run your plastic recycling business. This should include the roles they will play (for example, one person may be responsible for managing administrative duties while another might be in charge of customer service).
The structure of your management team. The higher-ups like yourself should be able to delegate tasks through lower-level managers who are directly responsible for their given department (inventory and sales, etc.).
How you’re going to make sure that everyone on board is doing their job well. You’ll want check-ins with employees regularly so they have time to ask questions or voice concerns if needed; this also gives you time to offer support where necessary while staying informed on how things are going within individual departments too!

6. Plastic Recycling Business Startup Expenses & Captial Needed.

This section should be broken down by month and year. If you are still in the planning stage of your business, it may be helpful to estimate how much money will be needed each month until you reach profitability.

Typically, expenses for your business can be broken into a few basic categories:

Startup Costs

Startup costs are typically the first expenses you will incur when beginning an enterprise. These include legal fees, accounting expenses, and other costs associated with getting your business off the ground. The amount of money needed to start a plastic recycling business varies based on many different variables, but below are a few different types of startup costs for a plastic recycling business.

Running & Operating Costs

Running costs refer to ongoing expenses related directly with operating your business over time like electricity bills or salaries paid out each month. These types of expenses will vary greatly depending on multiple variables such as location, team size, utility costs, etc.

Marketing & Sales Expenses

You should include any costs associated with marketing and sales, such as advertising and promotions, website design or maintenance. Also, consider any additional expenses that may be incurred if you decide to launch a new product or service line. For example, if your plastic recycling business has an existing website that needs an upgrade in order to sell more products or services, then this should be listed here.

7. Financial Plan & Projections

A financial plan is an important part of any business plan, as it outlines how the business will generate revenue and profit, and how it will use that profit to grow and sustain itself. To devise a financial plan for your plastic recycling business, you will need to consider a number of factors, including your start-up costs, operating costs, projected revenue, and expenses.

Here are some steps you can follow to devise a financial plan for your plastic recycling business plan:

Determine your start-up costs: This will include the cost of purchasing or leasing the space where you will operate your business, as well as the cost of buying or leasing any equipment or supplies that you need to start the business.
Estimate your operating costs: Operating costs will include utilities, such as electricity, gas, and water, as well as labor costs for employees, if any, and the cost of purchasing any materials or supplies that you will need to run your business.
Project your revenue: To project your revenue, you will need to consider the number of customers you expect to have and the average amount they will spend on each visit. You can use this information to estimate how much money you will make from selling your products or services.
Estimate your expenses: In addition to your operating costs, you will need to consider other expenses, such as insurance, marketing, and maintenance. You will also need to set aside money for taxes and other fees.
Create a budget: Once you have estimated your start-up costs, operating costs, revenue, and expenses, you can use this information to create a budget for your business. This will help you to see how much money you will need to start the business, and how much profit you can expect to make.
Develop a plan for using your profit: Finally, you will need to decide how you will use your profit to grow and sustain your business. This might include investing in new equipment, expanding the business, or saving for a rainy day.

Frequently Asked Questions About Plastic Recycling Business Plans:

Why do you need a business plan for a plastic recycling business.

A business plan is a document that outlines the goals and objectives of a business, as well as the strategies and tactics that will be used to achieve those goals. It is important to have a business plan for your plastic recycling business because it helps to focus the efforts of the company, communicate the business's goals and objectives to potential investors, and provide a roadmap for the business to follow. Additionally, a business plan can be used to help secure funding from investors or lenders, who will want to see that the business has a solid plan in place before they provide funding.

How to write a business plan for your plastic recycling business?)

To build a business plan for your plastic recycling business, start by researching your industry, competitors, and target market. Use this information to define your business's goals and objectives, as well as the strategies and tactics that you will use to achieve those goals. Next, create a financial plan that outlines your projected income, expenses, and profit. This should include a projected income statement, cash flow statement, and balance sheet. Once you have all of this information, you can use it to create a comprehensive business plan that outlines the goals and objectives of your business, as well as the strategies and tactics that you will use to achieve those goals. A well-written plastic recycling business plan contains the following sections: Purpose, Products & Services, Marketing Plan (including Marketing Strategy), Operations/Management Plan (including Operations/Management Strategy), Financial Plan (including Financial Forecasts), and Appendixes.

Can you write a plastic recycling business plan yourself?

Yes, you can write a plastic recycling business plan yourself. Writing a business plan is a valuable exercise that can help you clarify your business idea, identify potential challenges and opportunities, and develop a roadmap for success. While there are many resources and templates available to help you write a business plan, the process of creating one is ultimately up to you.

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I'm Nick, co-founder of newfoundr.com, dedicated to helping aspiring entrepreneurs succeed. As a small business owner with over five years of experience, I have garnered valuable knowledge and insights across a diverse range of industries. My passion for entrepreneurship drives me to share my expertise with aspiring entrepreneurs, empowering them to turn their business dreams into reality.

Through meticulous research and firsthand experience, I uncover the essential steps, software, tools, and costs associated with launching and maintaining a successful business. By demystifying the complexities of entrepreneurship, I provide the guidance and support needed for others to embark on their journey with confidence.

From assessing market viability and formulating business plans to selecting the right technology and navigating the financial landscape, I am dedicated to helping fellow entrepreneurs overcome challenges and unlock their full potential. As a steadfast advocate for small business success, my mission is to pave the way for a new generation of innovative and driven entrepreneurs who are ready to make their mark on the world.

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Recycling Business Plan

Environmental benefits, high demand, and a recurring profit model make starting a recycling business a lucrative and rewarding profession.

Anyone can start a new business, but you need a detailed business plan when it comes to raising funding, applying for loans, and scaling it like a pro.

Need help writing a business plan for your recycling business? You’re at the right place. Our recycling business plan template will help you get started.

Free Business Plan Template

Download our free business plan template now and pave the way to success. Let’s turn your vision into an actionable strategy!

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How to Write a Recycling Business Plan?

Writing a recycling business plan is a crucial step toward the success of your business. Here are the key steps to consider when writing a business plan:

1. Executive Summary

An executive summary is the first section planned to offer an overview of the entire business plan. However, it is written after the entire business plan is ready and summarizes each section of your plan.

Here are a few key components to include in your executive summary:

Introduce your Business:

This section may include the name of your recycling business, its location, when it was founded, the type of recycling business (E.g., paper recycling, metal recycling, glass recycling, tire recycling), etc.

Market opportunity:

Products and services:.

For instance, you may include collection & sorting, material processing, manufactured products from recycled materials, sustainable waste management solutions, etc.

Marketing & Sales Strategies:

Financial highlights:, call to action:.

Ensure your executive summary is clear, concise, easy to understand, and jargon-free.

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2. Business Overview

The business overview section of your business plan offers detailed information about your company. The details you add will depend on how important they are to your business. Yet, business name, location, business history, and future goals are some of the foundational elements you must consider adding to this section:

Business Description:

Paper recycling business
Plastic recycling business
Metal recycling business
E-waste recycling business
Glass recycling business
Tire recycling business
Construction & demolition recycling business
Explain where your business is located and why you selected the place.

Mission statement:

Business history:.

Additionally, If you have received any awards or recognition for excellent work, describe them.

Future goals:

This section should provide a thorough understanding of your business, its history, and its future plans. Keep this section engaging, precise, and to the point.

3. Market Analysis

The market analysis section of your business plan should offer a thorough understanding of the industry with the target market, competitors, and growth opportunities. You should include the following components in this section.

Target market:

For instance, government agencies, commercial & industrial businesses, residential customers, manufacturing & industrial facilities, or educational institutions would be an ideal target audience for a commercial recycling business.

Market size and growth potential:

Competitive analysis:, market trends:.

For instance, sustainable fleets have a booming market; explain how you plan on dealing with this potential growth opportunity.

Regulatory environment:

Here are a few tips for writing the market analysis section of your recycling business plan:

Conduct market research, industry reports, and surveys to gather data.
Provide specific and detailed information whenever possible.
Illustrate your points with charts and graphs.
Write your business plan keeping your target audience in mind.

4. Product and Services

The product and services section should describe the specific services and products that will be offered to customers. To write this section should include the following:

Describe your products & services:

Mention the recycling products& services your business will offer. This list may include

Collection & sorting services
Material processing
Manufactured products from recycled materials
Composting services
Waste audits & consulting
Education & awareness programs

Quality measures:

This may include material sorting & contamination control, compliance with environmental regulations, product quality standards, continuous improvement & innovation, etc.

Additional Services:

In short, this section of your recycling plan must be informative, precise, and client-focused. By providing a clear and compelling description of your offerings, you can help potential investors and readers understand the value of your business.

5. Sales And Marketing Strategies

Writing the sales and marketing strategies section means a list of strategies you will use to attract and retain your clients. Here are some key elements to include in your sales & marketing plan:

Unique Selling Proposition (USP):

For example, comprehensive recycling solutions, advanced recycling technologies, or collaborative partnerships could be some of the great USPs for a professional recycling company.

Pricing Strategy:

Marketing strategies:, sales strategies:, customer retention:.

Overall, this section of your recycling business plan should focus on customer acquisition and retention.

Have a specific, realistic, and data-driven approach while planning sales and marketing strategies for your recycling business, and be prepared to adapt or make strategic changes in your strategies based on feedback and results.

6. Operations Plan

The operations plan section of your business plan should outline the processes and procedures involved in your business operations, such as staffing requirements and operational processes. Here are a few components to add to your operations plan:

Staffing & Training:

Operational process:, equipment & machinery:.

Explain how these technologies help you maintain quality standards and improve the efficiency of your business operations.

Adding these components to your operations plan will help you lay out your business operations, which will eventually help you manage your business effectively.

7. Management Team

The management team section provides an overview of your recycling business’s management team. This section should provide a detailed description of each manager’s experience and qualifications, as well as their responsibilities and roles.

Founders/CEO:

Key managers:.

It should include, key executives(e.g. COO, CMO.), senior management, and other department managers (e.g. general manager, operations manager, sales & marketing manager.) involved in the recycling business operations, including their education, professional background, and any relevant experience in the industry.

Organizational structure:

Compensation plan:, advisors/consultants:.

So, if you have any advisors or consultants, include them with their names and brief information consisting of roles and years of experience.

This section should describe the key personnel for your recycling services, highlighting how you have the perfect team to succeed.

8. Financial Plan

Your financial plan section should provide a summary of your business’s financial projections for the first few years. Here are some key elements to include in your financial plan:

Profit & loss statement:

Cash flow statement:, balance sheet:, break-even point:.

This exercise will help you understand how much revenue you need to generate to sustain or be profitable.

Financing needs:

Be realistic with your financial projections, and make sure you offer relevant information and evidence to support your estimates.

9. Appendix

The appendix section of your plan should include any additional information supporting your business plan’s main content, such as market research, legal documentation, financial statements, and other relevant information.

Add a table of contents for the appendix section to help readers easily find specific information or sections
In addition to your financial statements, provide additional financial documents like tax returns, a list of assets within the business, credit history, and more. These statements must be the latest and offer financial projections for at least the first three or five years of business operations.
Provide data derived from market research, including stats about the industry, user demographics, and industry trends.
Include any legal documents such as permits, licenses, and contracts.
Include any additional documentation related to your business plan, such as product brochures, marketing materials, operational procedures, etc.

Use clear headings and labels for each section of the appendix so that readers can easily find the necessary information.

Remember, the appendix section of your recycling business plan should only include relevant and important information supporting your plan’s main content.

The Quickest Way to turn a Business Idea into a Business Plan

Fill-in-the-blanks and automatic financials make it easy.

This sample recycling business plan will provide an idea for writing a successful recycling plan, including all the essential components of your business.

After this, if you still need clarification about writing an investment-ready business plan to impress your audience, download our recycling business plan pdf .

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Frequently asked questions, why do you need a recycling business plan.

A business plan is an essential tool for anyone looking to start or run a successful recycling business. It helps to get clarity in your business, secures funding, and identifies potential challenges while starting and growing your business.

Overall, a well-written plan can help you make informed decisions, which can contribute to the long-term success of your recycling company.

How to get funding for your recycling business?

There are several ways to get funding for your recycling business, but self-funding is one of the most efficient and speedy funding options. Other options for funding are:

Bank loan – You may apply for a loan in government or private banks.
Small Business Administration (SBA) loan – SBA loans and schemes are available at affordable interest rates, so check the eligibility criteria before applying for it.
Crowdfunding – The process of supporting a project or business by getting a lot of people to invest in your business, usually online.
Angel investors – Getting funds from angel investors is one of the most sought startup options.

Apart from all these options, there are small business grants available, check for the same in your location and you can apply for it.

Where to find business plan writers for your recycling business?

There are many business plan writers available, but no one knows your business and ideas better than you, so we recommend you write your recycling business plan and outline your vision as you have in your mind.

What is the easiest way to write your recycling business plan?

A lot of research is necessary for writing a business plan, but you can write your plan most efficiently with the help of any recycling business plan example and edit it as per your need. You can also quickly finish your plan in just a few hours or less with the help of our business plan software .

How do I write a good market analysis in a recycling business plan?

Market analysis is one of the key components of your business plan that requires deep research and a thorough understanding of your industry.

We can categorize the process of writing a good market analysis section into the following steps:

Stating the objective of your market analysis—e.g., investor funding.
Industry study—market size, growth potential, market trends, etc.
Identifying target market—based on user behavior and demographics.
Analyzing direct and indirect competitors.
Calculating market share—understanding TAM, SAM, and SOM.
Knowing regulations and restrictions
Organizing data and writing the first draft.

Writing a marketing analysis section can be overwhelming, but using ChatGPT for market research can make things easier.

How detailed should the financial projections be in my recycling business plan?

The level of detail of the financial projections of your recycling business may vary considering various business aspects like direct and indirect competition, pricing, and operational efficiency. However, your financial projections must be comprehensive enough to demonstrate a complete view of your financial performance.

Generally, the statements included in a business plan offer financial projections for at least the first three or five years of business operations.

What key components should a recycling business plan include?

The following are the key components your recycling business plan must include:

Executive summary
Business Overview
Market Analysis
Products and services
Sales and marketing strategies
Operations plan
Management team
Financial plan

Can a good recycling business plan help me secure funding?

Indeed. A well-crafted recycling business will help your investors better understand your business domain, market trends, strategies, business financials, and growth potential—helping them make better financial decisions.

So, if you have a profitable and investable business, a comprehensive business plan can certainly help you secure your business funding.

What's the importance of a marketing strategy in a recycling business plan?

Marketing strategy is a key component of your recycling business plan. Whether it is about achieving certain business goals or helping your investors understand your plan to maximize their return on investment—an impactful marketing strategy is the way to do it!

Here are a few pointers to help you understand the importance of having an impactful marketing strategy:

It provides your business an edge over your competitors.
It helps investors better understand your business and growth potential.
It helps you develop products with the best profit potential.
It helps you set accurate pricing for your products or services.

About the Author

Upmetrics Team

Upmetrics is the #1 business planning software that helps entrepreneurs and business owners create investment-ready business plans using AI. We regularly share business planning insights on our blog. Check out the Upmetrics blog for such interesting reads. Read more

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Plastics Recycling Sample Business Plan

Plastics Recycling Business Plan

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. Replay Plastics 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 located in the western United States (all 16 major North American PET recycling plants are currently located in the eastern United States or Canada). Its initial capacity will be 46 million pounds, and it will utilize post-consumer bottle feed stock presently collected in California, Oregon and Washington States, which collect over 200 million pounds per year. 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, such as the lumber milling industry. The Company currently has commitments available from customers to purchase all of the product produced. MANAGEMENT Ben Braddock, President, has a 30-year history of experience encompassing all aspects of Polymer Raw Material, Plastic Conversion Methods, and Venture Development. He has founded successful ventures in the plastic converting industry, and assisted in the launch of five plastic converting manufacturing plants. Sam McGuire, Executive VP and COO, is a graduate Engineer with over 20 years experience in the post-consumer plastics recycling industry and is the inventor of the primary cleaning & refining technology used in the process for this project. He has received a patent for his technology and has been directly involved in over twenty-five major post consumer plastics recycling projects. Carl R. Smith, CFO, has over 30 years investment and merchant banking and management experience. He has assisted in raising over $500 million and served as board member and/or officer in over 40 public and private companies.

1.1 Objectives

Sales passing $15 million in first year, $31 million in year 2, growing to $43 million.
Gross margin of 35% or more in first year, 45% in second year then 50% or more.
Net profit of 13% in year one, then exceeding 20% annually starting in year two.

1.2 Mission

1.3 Keys to Success

The main keys to the success of the Company are:

Secure Supply- Contract for supply of post-consumer bottles and post-industrial manufacturing waste for PET raw material feed stock.
Marketing – Contractual arrangements for the sale of virtually all initial production.
Management – Strong senior management with extensive, broad-based, industry-specific experience.

1.4 Potential Risks

Unavailable or scarce raw material feed stock for production

Replay is confident that it has secured good availability of low cost post-consumer PET bottles (feed stock) derived from post-consumer beverage bottles from California based recycling collectors, and has back up sources identified.

Technology employed may be unreliable or unprovenReplay will use a proven, patented technology that was developed by one of its principals for the cleaning and recycling phase. The extrusion division will employ commercially proven technology – the industry is employing unique recycled PET technology which is used by prominent eastern U.S. manufacturers of PET extrusions.

There may not be a market for the Company’s products

The Industry-wide experience of the Management Team has allowed them to identify markets for the Company’s products. Their expertise and reputations have allowed them to obtain commitments for virtually all of the planned initial production.

The location may not be near enough to markets

The markets that have been identified are primarily in the western U.S., which will provide a distinct advantage to the Company because of freight costs and delivery timing.

The Company may not be able to attract top management

The Company has assembled a world class management team with proven ability and direct experience in the Company’s market segments.

Company may not meet environmental standards

This environmentally-favorable venture provides for the development of technically feasible and economically viable solutions to PET plastic beverage bottle recycling, as well as environmentally aware in-house re-use practices which filter and return nearly all of the process water to the production lines.

The Company may not be able to sell all of its production capability

Through the Senior Management’s industry-wide contacts, the Company has identified potential customers and received commitments for all of the production potential of the initial facility.

Company Summary

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.

Recycling Division

Packaging Division

We will create a plant (actual facilities to be shared with the Recycling Division) to manufacture extruded plastic roll stock sheet or high-strength strapping, employing state-of-the-art technology developed to utilize recycled PET resin. The extruded sheet will be primarily sold to thermoformers who will convert it into high visibility packaging, as well as laminators and fabricators. The strapping will be sold to commercial users for use as package or pallet strapping. The Company currently has commitments from customers to purchase all of the initial production capacity. Excess flake will be sold to outside customers.

2.1 Company Ownership

2.1.1 Potential Conflict

Our COO, Mr. Sam McGuire, the inventor and patent holder of the recycling process to be used by the Company, is a principal in Company A of Chicago, IL. For many years, Company has designed, manufactured and assembled plastic recycling equipment, and has given us quotes on meeting our needs in this area.

After a thorough investigation, Replay has found that Company A is able to source or supply the required equipment at considerably lower cost than any other company from which a quote was available. Mr. McGuire has disclosed that Company A has included a smaller than normal margin in their quote on goods they will manufacture, to cover overhead, contingency and profit which might result in a small benefit to him. They have agreed to source all of the equipment possible with no added margin.

Replay has concluded that the savings available outweigh any other consideration and that we will purchase the cleaning and refining equipment from Company A.

2.2 Start-up Summary

Replay Plastics will utilize two processes in the same facility to produce:

Cleaned and recycled plastic PET flake (RPET), recovered from post-consumer beverage bottles and manufacturing waste produced by its sheet customers
Extruded roll stock sheet PET.
Extruded PET high-strength strapping for securing large packages or pallet loads; each using 100% RPET produced in-house

3.1 Product Description

Roll stock sheet will be sold to custom thermoformers primarily to be used to produce high-visibility packaging. It will also be sold to manufacturers of laminates and fabricated plastic products.

High strength PET packaging strapping is used to secure packages or pallets in such industries as lumber milling and corrugated and other paper production.

Both products will be extruded from post-consumer polyethylene terephthalate (PET) bottles. The recycling programs in California, Washington and Oregon collect in excess of 200,000,000 pounds of PET bottles per annum. Replay’ initial capacity will be 46,000,000 pounds.

Using a patented process, Replay will clean and refine the PET material from the post-consumer bottle stock and post-industrial manufacturing waste. The PET flake resin produced will be extruded into roll stock sheet or high-strength strapping.

Although the Company expects to convert all of its bottle feed stock into extruded products, any surplus flake will be sold to outside manufacturers.

3.2 Competitive Comparison

While quality and delivery are important factors to our potential clients, price is most often the determining factor in a buying decision. Good-quality packaging products manufactured from recycled (less expensive) resins, as close as practical to the end customer’s operations, will be most competitive and achieve a significant market share. These factors have helped to determine the business parameters of Replay Plastics.

3.3 Sourcing

In excess of 200,000,000 pounds of post-consumer PET beverage bottles are collected and available as feed stock for manufacturers who can re-process this material into commercial products. The Company has excellent relations with the firms and associations that collect and distribute these materials and has been assured that its requirements will be available for the foreseeable future.

The Company has entered negotiations with a California based source of post-consumer bottles and is confident that sufficient volumes are available on a contract basis from this source to satisfy its requirements. In addition, the Company intends to purchase production waste from its sheet customers and blend it into its feed stock.

Currently, the majority of the post-consumer PET bottles collected in California, Oregon and Washington are exported to China. The Chinese have absorbed the amounts surplus to the use in North America. Their interest has kept the industry in the position of being able to maintain a steady price range for this bottle stock. A significant percentage of all sales of such bottle stock are managed by Plastics Recycling Corporation of California (PRCC), an industry funded marketing agency which operates similarly to a co-operative. They accept bids from potential buyers on behalf of the firms which act as “consolidators,” which accumulate stocks from the smaller, individual bottle-recycling depots. Some amount of the available stocks are regularly bought by recyclers in eastern North America who focus on the carpet manufacturers who use RPET resin in their process, but the high cost of transport from the western U.S. makes eastern sources more desirable.

Replay has a good relationship with Company B, one of the larger consolidators in California. Company B has indicated a desire to contract to supply Replay with all of its raw material needs. They prefer to deal with a local consumer such as Replay, rather than the uncertainty and extra preparation requirements of the export market.

There are other sources of post-consumer feed stock known to Replay, and we are confident that we will have sufficient materials available for our production needs.

3.4 Technology

Market Analysis Summary

Markets and uses for recycled plastics are rapidly expanding. Plastic containers are being collected at the curb for recycling in nearly 500 communities, representing more than 4 million households. U.S. demand for recycled plastic will continue to expand and new markets will develop as technologies permit the efficient segregation and reprocessing of high-purity resins. Improved quality of resins, environmental issues and higher prices for virgin resin will contribute to growth.

4.1 Target Market Segment Strategy

The current pricing for virgin resin is $0.65-0.73 per lb. and $0.42-.53 for RPET flake. The spread between the two has traditionally been maintained at approximately $0.20 per lb.

PET Film & Sheet

The total reported market of extruded film and sheet is 872 million pounds, of which identified industry usage of RPET is 160 million pounds.

The reported market demand (to replace virgin PS, PVC and PET) if RPET was available is estimated at 1 billion pounds.

Current pricing for RPET sheet is $0.70-0.79 per lb.

RPET Strapping

The total reported domestic plastic strapping market is 240 million pounds. Of this market, industry usage of virgin polypropylene is 132 million pounds and of PET is 108 million pounds.

Current pricing for RPET strapping is $0.90 -1.08 per lb.

4.2 Market Segmentation

The primary market can be broken down as follows.

Consumers of PET in:

California: 62 Oregon: 8 Washington: 9

Consumers of HDPE in: California: 73 Oregon: 10 Washington: 12

4.3 Industry Analysis

4.3.1 Barriers to Entry

Limited Supply of raw material Recycled PET (RPET) resins are in high demand, and demand is currently under-supplied. Many manufacturers are delaying expansion because of uncertainty of supply. Entrants would have to consider sourcing post-consumer or post-industrial waste and clean and refine it rather than attempting to purchase flake on the open market. Even at that, there is not an over-abundance of post-consumer or post industrial material in the marketplace.

Equipment costs are high and industry specific, resulting in a high exit cost. Because of the scarcity of RPET flake, entrants may be forced to establish cleaning and refining facilities for post-consumer bottles. The equipment required is costly and very industry specific. It would not easily be re-sold as a system. There is a market for used extrusion equipment, which normally sees 60-70% of new value being realized.

Vertical integration is an important consideration and difficult to accomplish successfully. Because of the scarcity of RPET resin, and to maximize profit potential, entrants must consider a two-stage production facility. Cleaning and refining post-consumer bottles and extruding the resulting flake into commercial products requires a management team such as Replay has, with a broad range of expertise, experience, industry contacts and knowledge in both areas.

Firm contracts for supply and sales. Replay Management’s industry contacts will allow us to secure contracts for both supply of feed stock and sale of finished goods.

Freight is a major cost of operations; proximity to source of supply and markets is crucial. Hauling plastic materials is expensive so entrants will have to consider establishing facilities close to materials and markets. Entrants with existing operations would have to consider new separate facilities in many cases, reducing economies of scale and making management more difficult.

4.3.2 Competition and Buying Patterns

4.3.3 Main Competitors

Currently in the western United States, there is no direct competition for cleaning and refining post-consumer or post-industrial PET. Nor is there any non-captive extrusion of roll stock sheet.

The extruded sheet required by thermoformers is currently supplied by:

Advance Extrusion, Becker, MN
Kama, Pittsburgh, PA
Plasti-Shell Packaging, Gonzales, LA
Petco, Montreal, Canada
Klockner, VA

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Plastic Waste Recycling Plant – Business Plan, Profit & Cost

November 14, 2023
20 min read

Plastic Waste Recycling Plant – Business Plan, Profit & Cost

In today’s world, the environmental challenges posed by plastic waste have become increasingly pressing. Recycling is a vital and lucrative industry dedicated to addressing the grave issue of plastic pollution. Recycling plants aim to solve the crisis by converting plastic waste into valuable resources, contributing to a more sustainable future. In this article, we have presented a comprehensive overview of establishing a plastic waste recycling plant, including the outline of a detailed business plan, assessment of potential profits, and analysis of the associated costs. This will provide valuable insights to individuals and organizations who are in dual mind over entering this industry.

Impact of Plastic and its Products

Plastic waste is toxic and creates immense damage to the land where it is decomposed.
Plastic waste is entirely non-biodegradable. This implies it cannot be destroyed or mix with the soil. In any case, to get rid of it, it has to be burnt, releasing toxic gases such as carbon monoxide that harms the environment and human health.
Soil gets damaged when plastic is buried inside it as it stops the aeration and passing of other minerals that are imperative for soil growth.
Water bodies and aquatic life is adversely affected due to the plastic waste being disposed of in the water. It hinders the sunlight and oxygen into the water, which disturbs aquatic life immensely.
Plastic is made by certain chemicals; those chemicals are toxic to the environment.
With the increase in plastic waste, it has occupied a considerable land share, which could be used for better purposes.

Plastic Waste Recycling Plant – Business Plan, Profit & Cost

Plastic is a group of materials, either synthetic or semi-synthetic materials or naturally occurring, non-biodegradable substances. Plastic is shaped when it is soft and hardened to retain the given shape. These substances are hazardous to air, water, and soil.

Environmental protection is not only about raising awareness among people but also taking action to preserve the environment and prevent harmful impacts on nature. One of the primary concerns contributing to environmental problems is excessive plastic usage. Despite governmental bans on plastic, people often don’t hesitate to use plastic-based products. Instead of debating how to use plastic without causing harm, it is crucial to deeply understand what plastic is and take measures to reduce its usage.

According to studies and research conducted by the Council of Scientific and Industrial Research of National Chemical Laboratory, the future of the plastic recycling business in India looks promising. In certain aspects of the plastic recycling industry, India is surpassing countries like European nations, the US, and Japan.

Accredited reports indicate that India produces approximately 900,000 tons of polyethylene terephthalate, a type of plastic, annually. The profit margin in this business is significantly high. The increasing profitability resulting from large-scale recycling operations has attracted a considerable number of business entrepreneurs to venture into this field.

If you’re considering pursuing this business as a career option, it’s important to have a good understanding of its operations, functions, and the required capital. Don’t assume that it’s only accessible to wealthy individuals given the wide range of opportunities it presents. You don’t have to necessarily jump into the realm of large-scale plastic recycling plants; instead, you can begin with a small-scale plastic recycling plant to initiate your business.

Before jumping into the plastic waste recycling business, you need to chalk out a well-thought plan and understand the vital factors you need to consider before entering the industry. A proper business plan helps in getting loan approved and invite other investors .

Here is the plastic waste recycling plant business plan that would ensure that you remain on track and focused:

1. Market Research

Before venturing into the plastic recycling business, it’s crucial to create a well-planned strategy. As you are new to this business doing proper research would be of great help. You can divide the analysis into two parts, i.e., primary and secondary.

Primary research would include visiting the recycling plants and preparing questionnaires based on it and the meet consultants.
Secondary research would comprise of reading articles, reports and analyze the data. Based on the study, prepare the pros and cons. This research would educate you about types of plastic, their demand, and selling price.

Consider the type of plastic you will recycle and understand the recycling process. Determine the scale of your operation and calculate the required investment for a plastic recycling plant in India. Procure necessary machinery and raw materials. Focus on collecting plastic and identify your target market for recycled products. Calculate profit margins and ensure your investment generates long-term returns. Lastly, prepare a feasibility report to assess the practical and economic viability of the business, providing insights into investments and returns.

2. Location

The first requirement for setting up a plastic recycling operation is a suitable space. This space should be large enough to accommodate all the necessary machinery, equipment, utility items, and storage for collected waste and packaged recycled products. It should also include a small office area for coordination. Adequate access to electricity and water supply is crucial, considering potential electricity cuts.

When selecting a location, it is beneficial to choose an area on the outskirts of the city, as it can provide more space at a lower cost and easier access to potential customers in the industrial sector. The total space needed should be calculated based on the machinery, equipment, waste, storage, packaging, and office requirements.

3. Legal Permit

Before commencing your recycling business, it is crucial to obtain the necessary licenses and permits from regulatory bodies, local governments, and environmental agencies. Failure to comply with regulations can lead to legal action due to the pollution associated with recycling activities. Register your business with the ROC and acquire a trade license from municipal authorities, pollution control boards, and fire authorities. By obtaining these permissions, you may be eligible for tax benefits for three years and secure a collateral-free loan of up to 2 crores from a bank.

Operating without proper legal permits is not permissible. Ensure that your plastic recycling business in India is registered with the ROC, holds a trade license from municipal authorities, and has certifications from the pollution control board and fire authorities, demonstrating adherence to safety protocols.

Here are the necessary licenses and permits for initiating a plastic recycling enterprise:

Registration with MSME (Micro, Small, and Medium Enterprises) department.
Obtaining a GST (Goods and Services Tax) certificate.
Registration with Udyog Aadhar, a unique identification number for small businesses.
Acquiring a No Objection Certificate (NOC) from the state pollution control board.
Developing a business layout plan.
Presenting valid lease or land documents.

4. Machinery

To begin, gather information on the specific machinery needed and conduct market research to identify reputable dealers who offer high-quality machinery at competitive prices along with additional service benefits. Prioritize sealing the deal with the dealer that offers the best prices and reliable technical support during emergencies. The scale of your operation will influence the machinery requirements and corresponding price fluctuations.

Focus on assessing the necessary machinery based on factors such as business size, budget, plastic type to be recycled, and desired end product. Opt for user-friendly, energy-efficient, and highly efficient machinery. Lastly, identify the supplier who offers superior quality, reasonable prices, and favorable service benefits for future support.

5. Raw Material

To start a low-cost plastic waste recycling business, it is crucial to identify the sources for raw materials and scrap as well as the points of sale after recycling. Many individuals in this industry reach out to rag pickers and local municipalities for assistance in obtaining raw materials. It is essential to document all acquired information in an Excel spreadsheet to determine the optimal sources for raw materials.

To ensure a consistent supply of plastic waste, it is necessary to establish contact with multiple plastic waste suppliers. Once the plastic waste is collected, the next step involves sorting the materials, specifically focusing on polyethylene terephthalate (PET) plastics.

Also Read: Cell Phone Accessories Business Plan – How To Start?

6. Technicians and Labors

To successfully carry out the recycling process, you will need both technical expertise and a workforce. Start by hiring a knowledgeable technician who is familiar with the machinery and the process of recycling plastic. You can initially hire the technician for a specific period and learn from their expertise to eventually handle the process on your own, which can help save costs.

Additionally, consider seeking guidance from experts or enrolling in a short course to enhance your understanding of recycling. It’s also essential to engage laborers who can assist you in completing the various tasks required for the recycling process. The number of laborers needed will depend on the scale of your recycling plant, whether it is small, medium, or large.

Furthermore, consider hiring professionals such as accountants, advisors, managers, and engineers to support your project. As a newcomer to the industry, having an advisor who can guide you through the recycling process efficiently is highly recommended. Aim to build a team that is versatile and capable of handling multiple responsibilities to ensure smooth operations.

The personnel needed to establish this plastic recycling venture include:

Technicians
Skilled laborers
Unskilled laborers

Additionally, it is crucial to provide comprehensive training to these employees in the following areas:

Operation of machinery
Handling of equipment
Safety measures and precautions

7. Capital Investment

After conducting a thorough study for your business plan, you would have gained a good understanding of the financial requirements for starting your business. The amount of money needed will depend on factors such as the location you choose, the size of your business, the type of recycling plant, the scale of production, and whether the equipment is leased or self-owned.

Given the significant investment involved in setting up a plastic recycling plant, it is common to consider financing options such as taking a loan. The cost of establishing a factory can range from Rs 5 to Rs 10 lakhs , with an additional payment of at least Rs 3.5 lakhs and up to Rs 35 lakhs in the process of recycling.

Considering these factors, it is crucial to carefully evaluate the costs and develop a comprehensive financial plan to ensure the successful launch and operation of your plastic recycling business.

8. Marketing and Advertisement

Creating a marketing plan is crucial for any business, including a plastic recycling plant, as it helps establish brand awareness and capture market share. Leveraging social media platforms can effectively promote the business while keeping costs low. It is also beneficial to engage with NGOs and volunteers to showcase the company’s commitment to social participation.

Allocating a specific budget for each marketing strategy allows for proper planning of other aspects of the business. Utilizing social media for promotion is highly recommended due to its cost-effectiveness and wide reach. Thus, incorporating these strategies into the marketing plan can help drive success for the plastic recycling plant.

Utilizing social media platforms to create engaging pages, organize contests, and generate interest, and publishing informative articles, blogs, and explanations that validate our recycling methods and practices – these are some of the advertisement strategies that will help you promote your business.

9.Targeted customers

The demand for recycled plastic exists because it is cheaper than regular plastic. The market for recycled plastic depends on its grade, determining the potential customers. High-quality recycled plastic, obtained from a single recycling process, is used in the manufacturing of premium plastic products. Plastic that has been recycled multiple times is suitable for making plastic bottles.

The road department is a customer for low-quality recycled plastic, which they use in road construction alongside bitumen. Numerous examples show that roads have been successfully constructed using recycled plastic. To attract potential customers, you can provide product samples to other businesses involved in plastic manufacturing. If you offer good-quality recycled plastic at a reasonable price, customers will be interested in purchasing your product.

Some other consumer groups for this business are:

Retail and supermarkets stores.
Water bottle manufactures.
Beverage industry.
Construction industry.
Packaging industry.
Pipe manufacturers.

Also Read: 30 Best Business Ideas with 5 Lakhs Investment

Process Involved in Plastic Waste Recycling Plant

To start the recycling process, the first step is to gather and separate the plastic waste based on its type, polymer composition, strength, and quality.
It is crucial to thoroughly wash the segregated plastic to remove any dirt, adhesives, tapes, or other materials that may be attached to it. This cleaning process often involves the use of specific chemicals mixed with water to effectively eliminate these substances from the plastic.
After washing, the plastic is shredded into smaller pieces or pellets . Shredding is essential as it facilitates easier recycling of the plastic. Breaking it down into smaller components makes it more manageable for the recycling process.
Once the plastic has been shredded, the remaining plastic fragments are classified using machines that identify their type and quality. This step is important because the quality of the plastic pellets obtained after recycling will determine the quality of the final plastic products . Manufacturers need this information to ensure they create products of the desired quality.
The shredded plastic is then sent for extrusion , where the pellets are melted and molded into new plastic forms.
The melted plastic material is subjected to heat compression in a recycling unit . The heated and molten plastic is thoroughly mixed and shaped into the desired product. Afterward, the molten plastic is cooled down, resulting in the formation of a new plastic product.
Monomer is a process that involves reversing the polymerization reaction to create an entirely new polymer. This method helps to maintain the quality of the plastic to a significant extent. Once the new plastic production is complete, it undergoes finishing processes and is sold as raw material.

What Equipments are Required to Recycle the Plastic?

The machinery required for plastic waste recycling can vary depending on factors such as the desired quantity, quality, and end product specifications. However, here is a list of essential equipment commonly used in plastic recycling plants:

Dust Cleaner: Dust cleaner refers to a product or tool designed to remove dust from surfaces. The cost ranges from 200,000 to 250,000 rupees.
Melting machine: Used to melt plastic waste for further processing. This will cost around 1100000 rupees .
Rope processing machine: Specifically designed to handle plastic ropes and similar materials. The cost is around 330000 rupees.
Plastic Scrap Shredder/Grinder: It is a machine used to break down plastic waste into smaller pieces or particles, designed to reduce the size of plastic materials. The cost depends on the capacity and is approximately 250,000 rupees.
Washing Machine: It is priced at around 150,000 rupees. It removes dirt, contaminants, and residues from plastic waste.
Conveyor Machine/belt: This machine transports plastic waste and processed materials between different stages of the recycling process. The cost is approximately 150,000 rupees.
Agglomerator Machine: An agglomerator machine is a type of equipment used in various industries for the process of agglomeration, referring to the formation of larger particles or aggregates by combining smaller particles or materials together. It is priced at approximately 350,000 rupees.
Plastic Recycling Machine: The cost ranges from 1,000,000 to 1,300,000 rupees and includes components like a water tank, cutter machine, machine panel, etc. This is the central unit where plastic waste is processed and transformed into reusable materials.
Sorting machine: Automatically separates different types of plastic based on their properties and characteristics. This costs around 800000 – 3500000 rupees.
Compressor: Compresses plastic waste into compact forms for easier storage and transportation. The approximate cost is 190000 rupees.
Extruder machine: Converts melted plastic into a usable form for manufacturing new products. This costs around 1350000-1500000 rupees.

It’s important to note that the specific equipment and machinery required may vary depending on the scale and specific goals of a given plastic recycling operation.

Plastic Waste Recycling Plant Cost in India

The cost of setting up a plastic recycling plant in India depends on various factors, including:

Type of plant and machinery chosen.
Whether equipment is purchased or leased.
Quality of equipment.
Profit margins.
Resources used.
Scale of production.

To calculate the precise cost, one must consider all the required machinery and equipment. Saving money on land costs can be achieved by purchasing land on the outskirts rather than in the city center. Funding options include using personal savings or obtaining a loan from a bank or financial institution.

The initial investment for setting up the plant can range from Rs 5 to 10 lakhs , with an additional expenditure of at least Rs 3.5 lakhs to Rs 35 lakhs for machinery . It is important to prioritize good quality machinery to ensure efficient production and high-quality end products. Ongoing expenses vary based on the scale of the business and may range from Rs 1 to 2 lakhs per month , excluding unexpected costs and faults. Labor and technician costs should also be considered, along with the purchase of plastic raw materials, which can amount to Rs 25,000 to 50,000 per month .

Other costs to include are transportation, marketing, grading, manufacturing, and packaging. Overall, the total investment required for starting a plastic recycling plant in India is around Rs 10 to 50 lakhs , depending on the size of the plant. It is recommended to explore options for business loans and subsidies through MSME’s PMEGP scheme and approach banks for financing. Monthly ongoing expenses consist of purchasing plastic scrap, labor salaries, utility bills, plant rent, and transportation costs.

Also Read: 25 Profitable Small Scale Manufacturing Business Ideas in India

Return on Investment and Profits

Starting a plastic recycling plant requires a significant initial investment, making it challenging to generate substantial profits in the early stages. However, one can finance the investment by obtaining a loan. The profitability increases as the investment costs are reduced. Another approach to boosting profits is venturing into the manufacturing of new products using recycled plastic. This includes a wide range of items like polythene bags, plastic bottles, boxes, containers, plates, spoons, forks, and more.

The market for finished recycled products is vast, and these items are priced competitively compared to fresh plastic alternatives. Due to their affordability, they enjoy higher demand from customers, resulting in increased sales. Moreover, recycled plastic products are known for their durability, which further attracts buyers. Although the initial returns may not be significant due to the high investment, minimizing costs can lead to improved profit margins.

To further enhance profits, selling recycled plastic to distributors, contractors, or manufacturers can be a lucrative strategy. These entities are willing to pay a good amount for recycled plastic, thereby increasing the overall net profit. By adopting these approaches, a plastic recycling plant can optimize its return on investment (ROI) and establish a sustainable business model. A profit margin of 20%-60% can be expected. You can earn profits up to Rs 60K per month for each ton of recycled plastic.

Plastic Waste Business Plan Summary

Putting all the data together, setting up the plastic waste recycling plant is a sure-shot business idea to start right now. If you have the investment power and want to earn a good return on investment, do not think much! Remember, this industry has a massive market.

Today, even the roads are getting constructed with plastic waste; you can contact the road contractors and supply them with the plastic waste in a decent amount of money, which they will happily purchase.

Some Additional Facts

There are several compelling reasons to consider seizing this business opportunity in plastic recycling.

Firstly, the abundance of raw materials combined with minimal investment presents a significant potential for substantial sales.
Secondly, as consumers increasingly prioritize sustainability , there is a growing demand for recycled plastic as a substitute for traditional plastic products. This shift in consumer behavior creates a larger market for recycled plastics.
Thirdly, the space required to establish a plastic recycling plant is relatively small, ranging from 200 to 500 square feet , making it a feasible venture even in limited areas.
Lastly, many prominent companies are actively pursuing environmentally friendly practices, and by engaging in plastic recycling, your business can contribute to their sustainability goals . This generates a high demand both domestically and internationally, presenting opportunities for business expansion.

Recommended: 30 Best Business Ideas with 5 Lakhs Investment

To summarize, the vast availability of raw materials, low investment requirements, increasing consumer preference for recycled plastics, modest space requirements, and the potential to cater to the sustainability needs of major corporations all make this business opportunity in plastic recycling highly promising.

Also, the products made from recycled plastic have a vast market. It is solely because these products are enriched with robust quality and are highly durable.

There is no risk involved as the business is feasible and sustainable and has a comprehensive scope in the long run. It can turn out to be an astonishing money-making model if you will invest your time and money.

In conclusion, establishing a plastic waste recycling plant presents a viable and profitable business opportunity. The demand for plastic recycling is growing, and with a well-designed business plan, this venture holds significant potential for success. By effectively managing the cost of machinery, labor, and raw materials, while implementing efficient recycling processes, entrepreneurs can contribute to environmental sustainability while earning high profits.

Sushma Singh

Sushma is an expert in online money-making strategies with extensive experience in business. She has spent a lot of time researching and writing about the ever-changing world of money-making games and websites, making her an expert at finding ways to make money online. Her work, largely based on research and useful information, helps both new and experienced gamers and business owners.

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There is a company named RECYCLEAN who provides consultation in setting up such plants. These guys doesn’t leave any stone unturned.

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Waste Recycling Business Plan [Sample Template]

By: Author Tony Martins Ajaero

Home » Business ideas » Green & Eco-friendly » Waste Recycling

The recycling business is an eco-friendly business that can earn you a living and make you a business owner and an employer of labor. Many misconceptions are out there and scaring people away from the recycling business, most people think a recycling business is all about collecting soda cans, bottles, and old paper.

But in fact, most profitable recycling businesses concentrate on other items and materials, such as the gold found in computers and cell phones, used tires, or re-selling household goods.

All you need to start a recycling business requires a good knowledge of where to collect your goods and where to sell them, as well as strong entrepreneurial skills and perseverance.

A Sample Waste Recycling Business Plan Template

1. industry overview.

The recycling industry has become an integral part of modern society not only due to its social and economic impact but also because it plays a vital role for the future of our planet. In the world today, it is estimated that over 1 trillion tons of waste at the household level and in industries is generated.

Common materials for recycling include bottles, paper towels and aluminum cans et al and the niches available in the recycling industry are metals recycling, plastics recycling, electronic recycling, water recycling, oil recycling, glass recycling, furniture recycling , garbage recycling, tire recycling, construction waste recycling, paper recycling, battery recycling, cartridge recycling and industrial waste recycling.

According to experts, all sorts of used scrap metal may be profitable. The waste and recycling sector is a broad one though, and there are lots of areas that remain unexploited often because big recycling companies and Waste Management outfits believe the market value is too small.

Some environmental experts further say that the world market for waste, from collection to recycling, is worth around 300 billion Euros ( US $410 billion ). The recycling business is therefore a growing business that has futuristic benefits; there are markets in the developing world that can be tapped into especially in Africa, Asia and Latin America.

For instance, with the scientific knowledge available to us in this dispensation, it is obvious that it might just no longer be safe for the earth to accommodate plastic bottles and other waste materials that are buried in it. For this reason, it is very important for government of most countries to encourage plastic bottles and other recycling business.

If you are conversant with companies that use plastic bottles for packaging their products, you would realize that they are promoters of plastic bottle recycling and they ensure that they include the recycling instructions or signs on their entire plastic bottle product.

That is that, companies that are engaged in plastic bottles recycling business or other form of recycling business can be considered as part of those working to save our world from degradation. This is so because plastic bottles that are buried in the earth are shielded from sunlight hence it becomes impossible for them to decompose.

It is a known fact that at least 66% of energy is saved when producing new plastic bottles from recycled plastic bottles, as against producing plastic bottles from the very scratch. That is why most companies engage in the use of recycling plastic bottles for their packaging, clothing, toys, fiberfill for sleeping, plastic bags, plastic ruler, amongst many others.

Statistics has it that the Recycling industry in the united states of America is worth bn, with an estimated growth rate of -5.5 percent. There are about 1,155 registered and licensed recycling facilities in the United States and they are responsible for employing about 23,308 people.

The recycling industry has come to stay and the good part of it is that it enjoys the support of environmentalist and the government of various nations since it is a means to preserve the earth from degradation, greenhouse gas emissions and environmental pollution.

Although establishing your own recycling company requires huge startup capital and rigorous processes to build your own plant, but it is a fact that it is indeed a profitable venture.

The market for recycled aluminum cans, pet bottles, used papers and cardboards et al is large and can accommodate loads of investors. For example, recycled aluminum cans are used for canning foods, drinks, chemicals, lubricants, oil, industrial gum and much more.

2. Executive Summary

Friends of The Earth Recycling®, LLC is a U.S based licensed and standard recycling company. We have been able to secure a standard and well – positioned facility in the outskirt of town in San Bismarck, North Dakota; a facility that is well positioned and highly suitable for the kind of recycling plant that we want to build.

We are in the recycling industry to contribute our quota in saving the earth and also to compete in the highly competitive recycling industry not only in Bismarck – North Dakota, but also throughout the United States market.

Friends of The Earth Recycling®, LLC will initially be involved in the recycling of materials such as aluminum cans, scrap metals, pet bottles, used papers and cardboards et al. We intend providing raw materials for companies that are into the manufacturing / production of books / papers, drinks, lubricants, oils, spare parts, chemicals, water, plastic and paper bags et al.

Our business goal is to become one of the leading recycling company in the United States and we will make sure that we do all we can to compete favorably with leaders in the industry.

We are going to operate on a topnotch level and that is why our workers are going to be selected from a pool of certified and highly experienced recycling engineers and technicians in and around Bismarck – North Dakota and also from any part of the United States of America as the business grows.

We will make sure that we take all the members of our workforce through the required trainings that will position them to meet the expectation of the company and to compete with leading recycling plants in the United States and throughout the globe.

At Friends of The Earth Recycling®, LLC our client’s best interest will always come first, and everything we do will be guided by our values and professional ethics. We will ensure that we hold ourselves accountable to the highest standards by meeting our client’s needs precisely and completely.

We will cultivate a working environment that provides a human, sustainable approach to earning a living, and living in our world, for all our partners, employees and for our clients.

Friends of The Earth Recycling®, LLC is founded by Engr. Shannon Carson a recycling engineer per excellence who graduated with from Illinois Institute of Technology (B.Engr.) and his friend and business partner for many years Moses Carpenter (B.Sc. Business Management).

They have a combine experience that can help them build Friends of The Earth Recycling®, LLC to favorably compete with other leading recycling plants in the United States of America.

3. Our Products and Services

Friends of The Earth Recycling®, LLC was established with the aim of maximizing profits in the recycling industry. We want to compete favorably with the leading recycling plant in the United States which is why we have but in place a competent quality assurance team that will ensure that every recycled material or products that leaves our recycling plant meet and even surpass our customers’ expectations.

We will work hard to ensure that Friends of The Earth Recycling®, LLC is not just accepted in Bismarck – North Dakota but also in other cities in the United States of America. Our products and services are listed below;

Sale of recycled pet bottles and plastic bags
Sale of recycled papers and cardboards
Sale of recycled aluminum cans and materials
Sale of recycled metals and other related recycled materials

4. Our Mission and Vision Statement

Our vision is to establish a standard and world class recycle plant whose products and brand will not only be accepted in Bismarck – North Dakota but also in other cities in the United States of America.
Our mission is to provide standard recycled materials that will assist the relevant industries in saving cost and energy and also to contribute our quota in helping save our world from unnecessary degradation.
We want to build a recycling plant that can favorably compete with other leading brands in the recycling industry.

Our Business Structure

Friends of The Earth Recycling®, LLC is a recycling company that intend starting small in Bismarck – North Dakota, serving smaller industries within our locations, but hope to grow big in order to compete favorably with leading recycling plants in the industry both in the United States and on a global stage.

We are aware of the importance of building a solid business structure that can support the picture of the kind of world class business we want to own. This is why we are committed to only hire the best hands within our area of operations.

At Friends of The Earth Recycling®, LLC, we will ensure that we hire people that are qualified, hardworking, creative, customer centric and are ready to work to help us build a prosperous business that will benefit all the stake holders ( the owners, workforce, and customers ).

As a matter of fact, profit-sharing arrangement will be made available to all our senior management staff and it will be based on their performance for a period of five years or more as agreed by the board of trustees of the company. In view of the above, we have decided to hire qualified and competent hands to occupy the following positions;

Chief Executive Officer
Head, Technical Services
Human Resources and Admin Manager
Sales and Marketing Executive
Plant Engineers / Technicians and Operators

Client Service Executive

Truck Drivers

5. Job Roles and Responsibilities

Chief Executive Officer – CEO:

Increases management’s effectiveness by recruiting, selecting, orienting, training, coaching, counseling, and disciplining managers; communicating values, strategies, and objectives; assigning accountabilities; planning, monitoring, and appraising job results; developing incentives; developing a climate for offering information and opinions; providing educational opportunities.
Responsible for providing direction for the business
Creates, communicates, and implements the organization’s vision, mission, and overall direction – i.e. leading the development and implementation of the overall organization’s strategy.
Responsible for signing checks and documents on behalf of the company
Evaluates the success of the organization

Head, Technical Services:

Serves as project manager of the organization; works directly with employees
Develops strategic plan by studying technological and financial opportunities; presenting assumptions; recommending objectives.
Accomplishes subsidiary objectives by establishing plans, budgets, and results measurements; allocating resources; reviewing progress; making mid-course corrections.
Coordinates efforts by establishing procurement, production, marketing, field, and technical services policies and practices; coordinating actions with corporate staff.
Builds company image by collaborating with customers, government, community organizations, and employees; enforcing ethical business practices.
Maintains quality service by establishing and enforcing organization standards.
Maintains professional and technical knowledge by attending educational workshops; reviewing professional publications; establishing personal networks; benchmarking state-of-the-art practices; participating in professional societies.
Makes certain that the technical department perform efficiently, coordinate employee efforts, and facilitate communications between management and recycling plant engineers, technicians and machine operators
Ensures that the organization work in line with international best practices.

Admin and HR Manager

Responsible for overseeing the smooth running of HR and administrative tasks for the organization
Designs job descriptions with KPI to drive performance management for clients
Regularly hold meetings with key stakeholders to review the effectiveness of HR Policies, Procedures and Processes
Maintains office supplies by checking stocks; placing and expediting orders; evaluating new products.
Ensures operation of equipment by completing preventive maintenance requirements; calling for repairs.
Defines job positions for recruitment and managing interviewing process
Carrying out staff induction for new team members
Responsible for training, evaluation and assessment of employees
Responsible for arranging travel, meetings and appointments
Updates job knowledge by participating in educational opportunities; reading professional publications; maintaining personal networks; participating in professional organizations.
Oversees the smooth running of the daily office activities.

Sales and Marketing Manager

Manages external research and coordinate all the internal sources of information to retain the organizations’ best customers and attract new ones
Models demographic information and analyze the volumes of transactional data generated by customer
Identifies development opportunities; follows up on development leads and contacts; participates in the structuring and financing of projects; assures the completion of development projects.
Writes winning proposal documents, negotiate fees and rates in line with organizations’ policy
Responsible for handling business research, market surveys and feasibility studies for clients
Responsible for supervising implementation, advocate for the customer’s needs, and communicate with clients
Develops, executes and evaluates new plans for expanding increase sales
Creates new markets cum businesses for the organization
Empowers and motivates the sales team to meet and surpass agreed targets

Accountant / Cashier:

Responsible for preparing financial reports, budgets, and financial statements for the organization
Provides managements with financial analyses, development budgets, and accounting reports; analyzes financial feasibility for the most complex proposed projects; conducts market research to forecast trends and business conditions.
Responsible for financial forecasting and risks analysis.
Performs cash management, general ledger accounting, and financial reporting for one or more properties.
Responsible for developing and managing financial systems and policies
Responsible for administering payrolls
Ensuring compliance with taxation legislation
Handles all financial transactions for Friends of The Earth Recycling®, LLC
Serves as internal auditor for Friends of The Earth Recycling®, LLC

Recycling Plant Engineers (2) and Technicians / Machine Operators (8)

Responsible for installing, maintaining and repairing of all the recycling machines in the plant
Responsible for operating recycling machines in the plant
Operates facilities for separating and sorting recyclable materials from nonhazardous waste streams
Operates facilities where commingled recyclable materials are sorted into distinct categories
Handles any other job functions as it relates to recycling materials.
Assists in loading and unloading waste materials and recycled materials.
Maintains a logbook of their driving activities to ensure compliance with federal regulations governing the rest and work periods for operators.
Keeps a record of vehicle inspections and make sure the truck is equipped with safety equipment, such as hazardous material placards.
Assists the transport and logistics manager in planning their route according to a pick – up and delivery schedule.
Inspect vehicles for mechanical items and safety issues and perform preventative maintenance
Complies with hazardous waste truck driving rules and regulations (size, weight, route designations, parking, break periods etc.) as well as with company policies and procedures
Collects and verify delivery instructions
Reports defects, accidents or violations
Welcomes clients and potential clients by greeting them in person or on the telephone; answering or directing inquiries.
Ensures that all contacts with clients (e-mail, walk-In center, SMS or phone) provides the client with a personalized customer service experience of the highest level
Through interaction with clients on the phone, uses every opportunity to build client’s interest in the company’s products and services
Manages administrative duties assigned by the human resources and admin manager in an effective and timely manner
Consistently stays abreast of any new information on the organizations’ products, promotional campaigns etc. to ensure accurate and helpful information is supplied to clients when they make enquiries

6. SWOT Analysis

Friends of The Earth Recycling®, LLC engaged the services of a core professional in the area of business consulting and structuring to assist our organization in building a well – structured recycling business that can favorably compete in the highly competitive recycling industry in the United States and the world at large.

Part of what the team of business consultant did was to work with the management of our organization in conducting a comprehensive SWOT analysis for Friends of The Earth Recycling®, LLC. Here is a summary from the result of the SWOT analysis that was conducted on behalf of Friends of The Earth Recycling®, LLC;

Our core strength lies in the power of our team; our workforce. We have a team of certified and highly trained and experience recycling engineers and technicians / machine operators, a team with excellent qualifications and experience in various niche areas in the recycling industry.

Aside from the synergy that exists in our carefully selected workforce, our product will be guided by best practices in the industry and our recycling plant is built to fit into the design of a 21 st century recycling plant.

As a new recycling plant in Bismarck – North Dakota, it might take some time for our organization to break into the market and gain acceptance especially from top profile clients ( big time manufacturing / production companies that make use of recycled materials ) in the already saturated and highly competitive recycling industry; that is perhaps our major weakness.

Another weakness is that we may not have the required cash to pump into promoting our business the way we would want to.

Opportunities:

No doubt, the opportunities in the recycling industry is massive considering the number of individuals and manufacturing companies who are now switching over to alternative source of raw materials basically to save cost and energy. As a recycling company, we are ready to take advantage of any opportunity that is available in the industry.

Just like any other business, one of the major threats that we are likely going to face is economic downturn. It is a fact that economic downturn affects purchasing / spending power. Another threat that may likely confront us is the arrival of a new recycling plant in same location where our target market exists and who may want to adopt same Business model like us.

7. MARKET ANALYSIS

Market Trends

One obvious trend in the recycling industry is that players in this industry leverage on saving the earth and balancing the ecosystem to promote their business.

As a matter of fact, governments all over the world and even international Non – Government Organizations are in the forefront when it comes to campaigning in favor of recycling materials to generate raw materials for industries as against tapping virgin raw materials. This is so because it will help save cost and energy and the earth that we live in will be the better for it.

Another trend is that is common in the recycling industry is that, with the advancement of technology, it is now easier the recycle and process almost any materials and liquid waste that exist in our world. This trend and the immerse support from government and NGOs is sure responsible for encouraging investors to venture into the recycling industry

Lastly, more and more manufacturing industries are beginning to see the benefits of going for recycling materials as against going for virgin raw materials in the production of their products. This is the reason why the industry is expanding and becoming more profitable and viable.

8. Our Target Market

Before starting our recycling business in Bismarck – North Dakota, we conducted a market survey and feasibility studies and we are certain that there is a wide range of manufacturing / production factories that cannot successfully run their businesses without sourcing for recycled raw materials from us.

In view of that, we have created strategies that will enable us reach out to various manufacturing / production companies who we know can’t afford to do without our products / recycled raw materials. Below is a list of the people and organizations that we have specifically market our products and services to;

Food and drinks processing and packaging companies
Roofing and construction companies
Chemical manufacturing companies
Manufacturers and Distributors
Printing Press (Publishing Houses)
Branding and Advertising agencies
Entrepreneurs and Start – Ups who would need recycled raw materials from us.

Our Competitive Advantage

The recycling industry is an emerging one that is yet to be fully accepted globally, therefore there is little or no competition in the industry at the moment. Although, there is a relationship between the emerging players as they cannot do without the other.

Since the industry is a multi-stage one, there is need for collaboration among the players in order to have a win-win situation for all the players. Without a shadow of doubt, there are loads of big time investors that have a stake in the recycling industry; but one thing is certain, there is room big enough to accommodate all players.

So, if you enter the industry today, you should brace up yourself for collaboration and prepare for serious competition in the nearest future as soon as the recycling industry enter it boom period, this period will definitely arrive especially in the developing world in little time when recycled product is seen in the same light as the new and “virgin” materials.

Our competitive advantage lies in the power of our team; our workforce. We have a team of certified and highly trained and experience recycling engineers and technicians / machine operators, a team with excellent qualifications and experience in various niche areas in the recycling industry.

Lastly, all our employees will be well taken care of, and their welfare package will be among the best within our category ( startups recycling companies in the United States ) in the industry. It will enable them to be more than willing to build the business with us and help deliver our set goals and achieve all our business aims and objectives.

9. SALES AND MARKETING STRATEGY

Sources of Income

Friends of The Earth Recycling®, LLC is established with the aim of maximizing profits in the recycling industry and we are going to go all the way to ensure that we do all it takes to meet and surpass the expectations of all our clients. Friends of The Earth Recycling®, LLC will generate income by selling and supplying the following products;

10. Sales Forecast

One thing is certain, there would always be manufacturing / production companies who cannot but source their raw materials from recycling plants.

We are well positioned to take on the recycling industry and we are quite optimistic that we will meet our set target of generating enough income / profits from the first six month of operations and grow our recycling company to enviable heights.

We have been able to critically examine the recycling market and we have analyzed our chances in the industry and we have been able to come up with the following sales forecast. The sales projection is based on information gathered on the field and some assumptions that are peculiar to similar startups in Bismarck – North Dakota.

Below is the sales projection for Friends of The Earth Recycling®, LLC, it is based on the location of our business and of course the wide range of our services and target market;

First Fiscal Year-: $150,000
Second Fiscal Year-: $250,000
Third Year-: $600,000

N.B : This projection is done based on what is obtainable in the industry and with the assumption that there won’t be any major economic meltdown and there won’t be any major competitor within same location. Please note that the above projection might be lower and at the same time it might be higher.

Marketing Strategy and Sales Strategy

We are mindful of the fact that there is stiffer competition in the recycling industry; hence we have been able to hire some of the best marketing experts to handle our sales and marketing.

Our sales and marketing team will be recruited based on their vast experience in the recycling industry and they will be trained on a regular basis so as to be well equipped to meet their targets and the overall business goal of Friends of The Earth Recycling®, LLC.

Our corporate goal is to grow Friends of The Earth Recycling®, LLC to become one of the top 10 recycling brands in the United States of America which is why we have mapped out strategy that will help us take advantage of the available market and grow to become a major force to reckon with not only in Bismarck – North Dakota but also in other cities in the United States of America.

Friends of The Earth Recycling®, LLC is set to make use of the following marketing and sales strategies to attract clients;

Introduce our recycling company by sending introductory letters alongside our brochure to manufacturing / production companies and other key stake holders in the manufacturing industry.
Advertise our business in relevant business magazines, newspapers, TV stations, and radio station.
List our business on yellow pages ads (local directories)
Attend relevant international and local expos, seminars, and business fairs et al
Create different packages for different category of clients in order to work with their budgets and still deliver good recycled raw materials
Leverage on the internet to promote our business
Engage direct marketing approach
Encourage word of mouth marketing from loyal and satisfied clients

11. Publicity and Advertising Strategy

We will not undermine the fact that for a lot of people to know what we do, we have to continuously advertise. We have been able to work with our in house brand and publicity consultants to help us map out publicity and advertising strategies that will help us walk our way into the heart of our target market.

We are set to become the number one choice for manufacturing / production companies in the whole of Bismarck – North Dakota and beyond which is why we have made provisions for effective publicity and advertisement of our recycling company.

Below are the platforms we intend to leverage on to promote and advertise Friends of the Earth Recycling®, LLC;

Place adverts on both print (newspapers and magazines) and electronic media platforms
Sponsor relevant community based events / programs
Leverage on the internet and social media platforms like; Instagram, Facebook , twitter, YouTube, Google + et al to promote our services
Install our Bill Boards on strategic industrial locations all around Bismarck – North Dakota
Engage in road show from time to time in targeted industrial estates
Distribute our fliers and handbills in target areas
Contact manufacturing / production companies by calling them up and informing them of Friends of The Earth Recycling®, LLC and the services we offer
List our solar panel installation, maintenance and repair company in local directories / yellow pages
Advertise our recycling company in our official website and employ strategies that will help us pull traffic to the site.
Ensure that all our staff members wear our branded shirts and all our vehicles / trucks are well branded with our company logo et al.

12. Our Pricing Strategy

At Friends of The Earth Recycling®, LLC we will keep the prices of our recycled raw materials below the average market rate for all of our customers by keeping our overhead low and by collecting payment in advance from corporate organizations who would hire our services. In addition, we will also offer special discounted rates to all our customers at regular intervals.

We are aware that there are some one – off jobs or government contracts that are always lucrative, we will ensure that we abide by the pricing model that is expected from contractors or organizations that bid for such contracts.

Payment Options

At Friends of The Earth Recycling®, LLC our payment policy will be all inclusive because we are quite aware that different people prefer different payment options as it suits them. Here are the payment options that we will make available to our clients;

Payment by via bank transfer
Payment via online bank transfer
Payment via check
Payment via bank draft
Payment via mobile money
Payment with cash

In view of the above, we have chosen banking platforms that will help us achieve our plans with little or no itches.

13. Startup Expenditure (Budget)

In setting up any business, the amount or cost will depend on the approach and scale you want to undertake. If you intend to go big by renting a place, then you would need a good amount of capital as you would need to ensure that your employees are well taken care of, and that your facility is conducive enough for workers to be creative and productive.

This means that the start-up can either be low or high depending on your goals, vision and aspirations for your business.The tools and equipment that will be used are nearly the same cost everywhere, and any difference in prices would be minimal and can be overlooked.

As for the detailed cost analysis for starting a standard recycling plant; it might differ in other countries due to the value of their money. However, this is what it would cost us to set up Friends of The Earth Recycling®, LLC in the United of America;

Business incorporating fees in the United States of America will cost – $750.
The budget for Liability insurance, permits and license will cost – $3,500
Acquiring facility that will accommodate the design of recycling plant we want to build will cost – $150,000.
The amount required to purchase the needed recycling equipment and machines – $120,000
Equipping the office (computers, printers, projectors, markers, servers / internet facility, furniture, telephones, filing cabinets, and electronics) will cost – $30,000
Amount required to purchase the needed software applications to run our business – $3,500
Launching an official Website will cost – $500
Amount need to pay bills and staff members for at least 2 to 3 months – $70,000
Amount needed to acquire trucks – $50,000
Additional Expenditure such as Business cards, Signage, Adverts and Promotions will cost – $5,000

Going by the report from the market research and feasibility studies conducted, we will need about four hundred and fifty thousand ( $450,000 ) U.S. dollars to successfully set – up a medium scale but standard recycling plant in the United States of America.

Generating Funding / Startup Capital for Friends of the Earth Recycling®, LLC

Friends of The Earth Recycling®, LLC is a business that will be owned and managed by Engr. Shannon Carson and his friend and business partner for many years Moses Carpenter. They are the sole financial of the business which is why they decided to restrict the sourcing of the start – up capital for the business to just three major sources.

These are the areas we intend generating our start – up capital;

Generate part of the start – up capital from personal savings and sale of his stocks
Generate part of the start – up capital from friends and other extended family members
Generate a larger chunk of the startup capital from the bank (loan facility).

N.B: We have been able to generate about $100,000 ( Personal savings $70,000 and soft loan from family members $30,000 ) and we are at the final stages of obtaining a loan facility of $350,000 from our bank. All the papers and document has been duly signed and submitted, the loan has been approved and any moment from now our account will be credited.

14. Sustainability and Expansion Strategy

The future of a business lies in the numbers of loyal customers that they have the capacity and competence of the employees, their investment strategy and the business structure. If all of these factors are missing from a business (company), then it won’t be too long before the business close shop.

One of our major goals of starting Friends of The Earth Recycling®, LLC is to build a business that will survive off its own cash flow without the need for injecting finance from external sources once the business is officially running. We know that one of the ways of gaining approval and winning customers over is to sell our recycled raw materials a little bit cheaper than what is obtainable in the market and we are well prepared to survive on lower profit margin for a while.

Friends of The Earth Recycling®, LLC will make sure that the right foundation, structures and processes are put in place to ensure that our staff welfare are well taken of. Our company’s corporate culture is designed to drive our business to greater heights and training and re – training of our workforce is at the top burner.

As a matter of fact, profit-sharing arrangement will be made available to all our management staff and it will be based on their performance for a period of ten years or more. We know that if that is put in place, we will be able to successfully hire and retain the best hands we can get in the industry; they will be more committed to help us build the business of our dreams.

Check List / Milestone

Business Name Availability Check: Completed
Business Incorporation: Completed
Opening of Corporate Bank Accounts various banks in the United States: Completed
Opening Online Payment Platforms: Completed
Application and Obtaining Tax Payer’s ID: In Progress
Securing a standard facility to build a standard and modern recycling plant: CompLeted
Application for business license and permit: Completed
Purchase of All form of Insurance for the Business: Completed
Conducting Feasibility Studies: Completed
Generating part of the start – up capital from the founders: Completed
Writing of Business Plan: Completed
Drafting of Employee’s Handbook: Completed
Drafting of Contract Documents: In Progress
Design of Logo for the business: Completed
Purchase of repair and installation tools and equipment: Completed
Graphic Designs and Printing of Packaging Marketing / Promotional Materials: Completed
Recruitment of employees: In Progress
Purchase of the needed recycling machines, equipment and trucks: In Progress
Purchase of the Needed furniture, office equipment, software applications, electronic appliances and facility facelift: In progress
Creating Official Website for the business: In Progress
Creating Awareness for the business: In Progress
Health and Safety and Fire Safety Arrangement: In Progress
Establishing business relationship with vendors and key players in various industries: In Progress

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How plastics waste recycling could transform the chemical industry

If plastics demand follows its current trajectory, global plastics-waste volumes would grow from 260 million tons per year in 2016 to 460 million tons per year by 2030, taking what is already a serious environmental problem to a whole new level. In the face of public outcry about global plastics pollution, the chemical industry is starting to mobilize on this issue. Our recent article “ No time to waste ” showed how industry leadership is moving beyond the use-once-and-discard approach—under which the plastics industry has grown up—and embracing an expanded definition of product stewardship that includes dealing with plastics waste. As we underlined in that article, this is not only what society demands, and is becoming a condition for the industry to retain its license to operate, but could also represent an important and profitable new business opportunity.

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That last insight is built on our comprehensive assessment of where future global waste flows will come from, how they could be recycled, and what economic returns this activity could offer—research that has filled a major gap in the public debate. In this article, we outline a scenario for the plastics industry through which 50 percent of plastics worldwide could be reused or recycled by 2030—a fourfold increase over what is achieved today—and that also has the potential to create substantial value. Following that path, plastics reuse and recycling could generate profit-pool growth of as much as $60 billion for the petrochemicals and plastics sector, representing nearly two-thirds of its possible profit-pool growth over the period. We also discuss the levels of support that will be needed more broadly across society, including from regulators, major plastics users such as consumer-packaged-goods companies, and consumers, to get to this outcome.

For petrochemicals and plastics companies—and by extension the chemical industry, since plastics production accounts for well over one-third of the industry’s activities—this presents an array of threats and opportunities, and we outline the kinds of strategic questions they will need to evaluate and the choices to make.

Modeling a virtuous circle of plastics recycling worldwide

Our research shows that just 12 percent of plastics waste is currently reused or recycled (Exhibit 1). The fact that the great majority of used plastics goes to incineration, 1 It can be argued that incineration at least recovers the energy contained in plastics, but our research shows that the associated efficiency is typically low. landfills, or dumps, means that these materials are lost forever as a resource, despite plastics’ potential for reuse and recycling. Plastics production requires substantial capital investment and a substantial carbon footprint. Reusing plastics not only reduces these investment needs but can also contribute to reducing total industrial carbon emissions .

Images of plastics waste across the globe have contributed to a consumer backlash that is translating to regulatory moves to ban or restrict plastics use in numerous geographies, notably the European Union. Marine plastics pollution has been a powerful force to mobilize public opinion, and our colleagues have suggested ways to address the problem . When considering the potential for plastics-waste recycling, however, marine plastics pollution could best be understood as the highly visible tip of the iceberg.

What the chemical industry—along with major consumer industries, the waste industry, and indeed society, more broadly—has been lacking is a clear picture of a path forward under which the volumes of plastics being discarded could be recaptured and reused.

Also lacking has been a full perspective on where the majority of waste will come from and which recovery and recycling technologies offer the biggest potential.

About the research

To help build a picture of possible paths forward, we have created a comprehensive model of global plastics waste generation at both regional and country levels, covering all the major polymer categories. We then mapped the model against available plastics recovery and recycling technologies and their regional process economics. As regulations governing recycling—along with the behavior of businesses and consumers—will play a defining role in what recycling levels can be achieved, we have also modeled scenarios to cover these differences in societal approaches.

The base-case scenario conditions assume recycling is optimized for profitability, and waste leakage minimized using low-cost approaches. The second scenario adds on to this progress in collection, sorting, and recycling technologies. The third scenario further adds a multi-stakeholder push for increased reuse and recycling, backed by a range of regulatory measures. The different scenarios allow us to project recovery rates and profitability potential to 2030 and 2050. There is clearly potential in principle for significant new technology breakthroughs and disruptions; much of this work is still at an early stage, but we have factored some elements of such advances into our scenarios.

We have used a $75-per-barrel oil price as our reference case; this price is in line with our view of long-term pricing scenarios based on the potential cost curve over the period for crude-oil production. We have also explored scenarios at $50 and $100 a barrel, given the historical volatility of oil prices and because the feasibility of plastics recycling is sensitive to these prices. Our modeling suggests the value-creation potential at $50 per barrel would be approximately one-third of what could be achieved in the reference case, while at $100 per barrel it would be approximately two-thirds more. It is clear that the smaller profit pool at the lower oil-price level would throw into question much recycling activity, while the larger pool at the higher level makes recycling more attractive.

We address this gap with a comprehensive model of global plastics-waste generation, the different approaches to plastics reuse and associated recycling technologies, and their economics. Our reference case scenario assumes an oil price of $75 per barrel. We’ve also explored lower and higher price scenarios and their correspondingly smaller and larger potential profit pools, as well as different societal approaches to recycling, since these factors all have a major influence on the feasibility of plastics recycling. (For more information on the model, please see sidebar “About the research.”)

Technologies to handle all polymer families: Tapping the potential

Let’s start with a look at the enabling technologies that underpin these projections—technologies that exist or are recognized as technically feasible and could make possible more plastics reuse. These include a massive expansion of mechanical recycling volumes and the launch on an industrial scale of two relatively new technologies—monomer recycling and reprocessing of plastics waste to make liquid feedstock in a cracking-type process, known as pyrolysis.

Mechanical recycling is already established as a sizeable business—if nowhere near the scale of the mainstream petrochemicals and plastics industry—in many of the world’s developed economies, and it’s focused on polyethylene terephthalate (PET), high-density polyethylene (HDPE), and polypropylene recycling. Contrary to commonly held assumptions that waste management is simply a cost burden for municipalities and taxpayers, there are many examples where mechanical recycling is already profitable, albeit often in selective applications or markets. This is because of its fundamentally different starting point from traditional plastics manufacture: mechanical recycling can generate new polymer without having to invest billions of dollars in steam crackers and other units to create petrochemical building blocks. Therefore, it starts out as a comparatively advantaged route to polymer production (Exhibit 2).

The mechanical-recycling technology can also be used for recycling many other polymers. But these businesses have not yet grown much due to constraints in collection of the other major-volume resins such as low-density polyethylene (LDPE). Our modeling suggests that LDPE and HDPE mechanical recycling has the potential to generate the largest profit pool through 2030, primarily reflecting expectations for continuing high profitability in the virgin polyethylene market due to the tight supply–demand outlook. Our projections suggest that mechanical recycling rates could increase from the current level of 12 percent of total plastics volumes to 15 to 20 percent 2 Mechanical recycling levels are limited by the fact that polymer quality deteriorates after multiple rounds of recycling, to the point that the resin cannot be mechanically recycled again. Mechanically recycled polymers also build up residue, in particular, from pigments. At this point, pyrolysis provides the best value-creating treatment option. of the much larger projected total plastics output by 2030, assuming oil prices of $75 per barrel. Under a scenario where oil prices move below $65 a barrel, the economics of mechanical recycling become more challenging; this pattern was seen following the 2015 fall in oil prices, and was a factor in slowing recycling efforts.

Would you like to learn more about our Chemicals Practice ?

The second component is monomer recycling. Although it is inherently restricted in its application to condensation-type polymers such as PET and polyamide, 3 Polyamide is also known as nylon. monomer recycling has the potential to generate some of the highest plastics recycling profitability levels. Again, this is because monomer recycling can avoid the capital investments needed for steam crackers and aromatics plants, as well as the high-capital-cost plants required to make PET and polyamide intermediates.

Third, our analysis suggests that re-converting waste plastics into cracker feedstocks that could displace naphtha or natural-gas-liquids demand—most likely using a pyrolysis process to do this—also may be economically viable, and it is more resilient to lower oil prices, remaining profitable down to $50 a barrel. Pyrolysis 4 Pyrolysis processes can convert used plastics to a hydrocarbon fraction that can be used as feedstock in olefins crackers or as a transportation fuel. The decision on which use it would go to would depend on demand dynamics in the location where the pyrolysis plant operates. is an invaluable technology to treat mixed polymer streams, which mechanical recycling technologies currently cannot handle. Pyrolysis also is an important back-up process to handle polymers that have exhausted their potential for further mechanical recycling. A number of pyrolysis players are coming forward, offering a range of facilities from large-scale plants with capacities of 30,000 to 100,000 metric tons a year to much smaller-scale modular units with capacity up to 3,000 metric tons a year.

Building a global picture

How could different regions contribute to worldwide value-creation growth? The modeling includes projecting the deployment of the most appropriate technology in geographies where it is needed and takes into account that some are still on a steep learning curve. The scenarios also incorporate an assessment of how waste collection and management will be able to ramp up. For example, most emerging-market countries lack infrastructure for sorting trash into different waste streams (and even in countries where human waste pickers salvage plastics, the volumes recovered are a small part of the total waste flow). As these countries build up their waste-management capabilities, the first step will be to separate the plastics waste from other wastes. Once this is achieved, pyrolysis of mixed plastics waste is likely to provide the most efficient way to process it, until capabilities are in place to separate different plastics. In the short to medium term, emerging markets are also likely to need to build incinerators to address their overall waste flows.

Not surprisingly, our projections for 2030 suggest China would represent the biggest potential profit pool—reflecting its position as the world’s biggest market for plastics use and biggest plastics-waste generator, as well as the fact that it has long had an established market for reused resin. Asia outside China will be the next biggest profit pool, a reflection of the massive projected demand growth in the region for plastics through 2030. In both the United States and Europe, redirecting plastics waste into plastics production via mechanical recycling or pyrolysis instead of abandoning it in landfills or incinerating it could generate sizeable profit pools.

Plastics-waste flows transformed

Based on these models, we project that plastics reuse could rise to as much as 50 percent of plastics production by 2030, assuming a $75-a-barrel oil price and an effective regulatory framework reinforced by supportive behavior from other industry stakeholders and consumers (Exhibit 3). This rate would still be lower than what the paper industry has achieved but would nevertheless represent a major step for the petrochemical and plastics industry.

To achieve a 50 percent recovery rate by 2030, the modeling suggests that waste-recovery capital investment of about $15 billion to $20 billion per year would be required. To put those figures in perspective, the global petrochemical and plastics industry has invested, on average, about $80 billion to $100 billion each year over the past decade.

Toward a new manufacturing landscape for the plastics industry

A reuse level of this kind would also profoundly affect new plastics production. By 2030, up to almost one-third of plastics demand could be covered by production based on previously used plastics rather than from “virgin” oil and gas feedstocks. This estimate is based on a high-adoption scenario, comprising a massive increase in mechanical recycling volumes, a takeoff in pyrolysis, and oil prices at around $75 per barrel.

A new relationship to oil?

These projections for how future plastics demand could be met—with nearly 60 percent of plastics demand covered using recovered plastics as raw material by 2050—suggest that expectations for oil-demand growth may need to be revised. Over the past several years, a view has emerged 1 1. Such a view has recently been summarized in the International Energy Agency’s October 2018 report on petrochemicals, The future of petrochemicals , on iea.org. that growing demand for petrochemicals—primarily for plastics manufacture—could help to offset the fall in demand for oil resulting from electric vehicles making inroads in the vehicle fleet. However, if plastics waste is able to cover as much as nearly 60 percent of new demand for plastics as shown in Exhibit 5, it will reduce oil demand for making those plastics. Our projections suggest demand growth for chemicals production could evolve closer to 1 percent a year than the 4 percent a year that has been shared in recent oil-industry demand forecasts. While increased recycling of plastics represents a gain in circular-economy terms, it is less good news for oil-resource-holding countries and oil companies, which will lose part of a source of future demand growth and could even depress oil pricing.

Projecting to 2050 suggests that nearly 60 percent of plastics demand could be covered by production based on previously used plastics (Exhibit 4). This will substantially reduce the amount of oil required to cover global plastics demand, with projections suggesting oil demand running 30 percent lower than a business-as-usual scenario. This outcome would require revisions of recently published forecasts that show petrochemicals making the largest contribution to oil demand growth over the next two decades (see sidebar “A new relationship to oil?”).

What this could mean for petrochemicals and plastics players

Under the high-adoption scenario, the cost position of plastics-waste-based feedstocks—via mechanical recycling, monomer recycling, or reuse through pyrolysis or other feedstock supply—could potentially be so attractive that they could account for two-thirds of the profit-pool growth of the petrochemicals and plastics industry by 2030 (Exhibit 5).

We would like to underscore the repositioning of the industry that this change would represent. Over the past two decades, the petrochemical industry has seen a major part of its profitability growth come from accessing advantaged feedstock . Assuming the scenario conditions can be met, the ability to access and handle plastics waste would be a comparable key to success in the future, with plastics waste potentially becoming the next source of feedstock advantage for polymer production.

How should petrochemical and plastics companies position themselves for these possibilities, and what steps should they take to be able to capture a share of the potential profit pool?

Saving the ocean from plastic waste

First, chemical-company CEOs should acknowledge up front that resolving the plastics-waste issue is a long-term challenge that may not be resolved on their watch, but it is nevertheless one where they need to decide what steps to take in the long-term interest of their enterprise and of society. At the same time, they need to recognize this as a classic case of “strategy under uncertainty” in which they need to factor in potentially different outcomes and plan their strategies with the appropriate degree of flexibility.

Second, they need an understanding of how the position of their product portfolio is likely to evolve, under the different plastics-recycling scenarios. That will bring to the surface potential actions to take and investment opportunities, or conversely, problems to be addressed in their current portfolio.

Third—and this will be partly determined by what geographies they are active in and which polymers they make—companies must plan their moves around three areas of activity that will underpin future growth in plastics recycling. Plastics companies should work with OEMs and regulators to design uses of plastics that are straightforward to recycle, and push for levels of recycled content that will stimulate demand. Next, to assure a growing and high quality supply of waste to recycle, plastics companies need to get involved in waste-management technology improvements that will facilitate collection, sorting, and cleaning. Finally, plastics makers should support development of technologies and building of recycling infrastructure that will bring waste plastics back into the value chain.

The new to-do list

A number of no-regrets moves are coming into view. Establishing partnerships or identifying acquisition targets could help players gain access to needed technology or secure sufficient access to waste-plastics feedstock supply. In the case of technology, that may include investing in start-ups undertaking promising process development and collaborating with research institutes. In the case of feedstock, this could take the form of long-term supply agreements with municipalities, waste-management companies, landfill sites, and, in effect, any player with access to large quantities of plastics waste. Possible strategies could even include back integration, whereby a petrochemical company acquires or establishes a waste-collection operation.

Plastics companies may want to boost their investments in mechanical recycling operations to facilitate rapid expansion of their offering to include recycled resins. There have been some recent acquisitions of plastics-recycling companies in Europe by major petrochemical companies, a trend likely to continue.

Petrochemical and plastics companies have to be prepared to adopt a different business model, where they will have to source plastics-waste supply from a large number of scattered players rather than getting their raw materials in bulk from one source.

As our discussion above has laid out, certain regions, technologies, and polymers could be much more attractive than others. Companies will need to identify what their product-portfolio priorities should be, and what their regional focus should be.

As demand for plastics continues to grow worldwide, the imperative to put in place an effective system to handle the waste-plastics volumes that will be generated becomes all the more pressing. Our research shows that a development path could be established that could quadruple the amount of waste plastics going to reuse and recycling, to around 50 percent of the volumes produced. Getting there will require achieving an alignment of regulators and supporting conduct from major user industries such as consumer goods and automotive—and not least support from society more generally that relies on plastics daily. For the chemical industry the stakes are high. It has much to lose if the waste-plastics issue develops into widespread product bans and demand destruction. But it also has a lot to gain, through building a new recycling-based branch of the petrochemicals and plastics industry and tapping potential profit-pool growth.

Thomas Hundertmark is a senior partner in McKinsey’s Houston office, Mirjam Mayer is a consultant in the Vienna office, Chris McNally is a partner in the London office, Theo Jan Simons is a partner in the Cologne office, and Christof Witte is a consultant in the Berlin office.

The authors wish to thank Florian Budde, Stefan Emprechtinger, Manuela Hollering, Henry Keppler, Mikhail Kirilyuk, and Helga Vanthournout for their contributions to this article.

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Plastic Recycling Business Plan

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Plastics Recycling Business Plan Example
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Starting a plastic recycling business is an excellent way to help reduce plastic waste and provide a renewable source of raw materials for manufacturing new products. It can also be a lucrative business venture that can be started with relatively minimal effort and cost. With the right knowledge and resources, you can navigate the process of starting and running a successful plastic recycling ...
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Plastics Recycling Sample Business Plan
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It's time to take action! Present your business plan on plastic recycling and change the world for the better. If you're looking for an abstract design, choose this template and let your creativity run free in these slides. There are lots of colors and different shapes, enough to be considered acceptable! We've also used pictures and other ...
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Elektrostal
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A residential and industrial region in the south-east of Mocsow. It was founded on the spot of two villages: Chagino (what is now the Moscow Oil Refinery) and Ryazantsevo (demolished in 1979). in 1960 the town was incorporated into the City of Moscow as a district. Population - 45,000 people (2002). The district is one of the most polluted residential areas in Moscow, due to the Moscow Oil ...
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March 17, 2011. Pavel Oderov was appointed as Head of the International Business Department pursuant to a Gazprom order. Pavel Oderov was born in June 1979 in the town of Elektrostal, Moscow Oblast. He graduated from Gubkin Russian State University of Oil and Gas with an Economics degree in 2000 and a Management degree in 2002.
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