E-waste recycling is a global environmental issue in recent phenomena. Throughout the world, electronic products waste a dangerously increasing volume of obsolete computers, printers, fax machines, TVs, mobiles, and other electronic devices.
Most technology owners are from the government, public or private industry sectors and they prefer replacing an old computer with a new one, rather than upgrading it which leads to land up with huge e-waste. The Environmental Protection Agency estimates that only 15-20% of e-waste is recycled, the rest of these electronics go directly into landfills and incinerators.
Read: Top Recycling Business Ideas with Low Capital
By starting an e-waste recycling business one can make money out of helping the environment toxic free. The objective to start an e-waste recycling company is to create an opportunity to transfer e-waste into socially and industrially beneficial raw materials like valuable metals, plastics, glass, etc. by using simple cost-effective technology.
Here is an E-Waste Recycling Business Plan Guide
1. Research And Plan For E-Waste Recycling Business
The E-waste recycling business is some sort of complex and capital-intensive business. Before starting have a market study on it. Determine what are the specific products that your company will go to handle. Where you will purchase the waste material? Who will be your customer? According to the establishment set up, equipment, and manpower requirement; plan your startup financial budget.
Suggested Read: How to Make Money Recycling Batteries
2. Get Necessary Licenses and Permits
Check with concerned authorities what kind of licenses you need to operate an e-waste recycling business. Contact the public welfare department of your city and take inputs regarding disposal methods and zoning requirements for your e-waste cycling business.
3. Waste Recycling Process
E-waste recycling business includes the responsibilities of the collection and procurement of waste from the various organizations, get the useable part apart, resell and refurbish the usable material, extraction of valuable metals plastics, etc. and turn them into raw materials for further industrial use.
4. E-Waste Recycling Business Set up
Select a location for your e-waste recycling business establishment. It is advisable to select a location outside the city area. To get the license from PCB you will need to have neighbors no objections to start the works. Create a floor layout plan detecting to places for scrap storage, disassembly area, delivery dock, office, and separate space for separate hazardous items.
It is important to have the entire necessary equipment ready before starting the operation. You will need to have a conveyer belt, cathode ray tube (CRT), weighing machine, vehicles for transportation. You can purchase this or can start by having on the lease.
Hire experienced and skilled employees who know the job rightly. If required you can arrange some special training for special equipment or materials.
5. E-Waste Recycling Safety Measures
E-wastes, such as computers, printers, and cell phones—contain toxic heavy metals such as lead, mercury, and cadmium. Use safety measures in your work thoroughly to protect your employee’s health.
6. E-Waste Recycling Equipment
CRT TVs and screens account for the largest share of e-waste. Hence, the disassembly line plays a critical role in the recycling process. CRT crusher plays a vital role in isolating the plastic protective cover from the device and systematically crush it exposing the circuits and other internal parts for processing. You must be careful in buying a good quality CRT crusher as it is the most useful tool in the recycling process.
7. How Much Investment You Need to Start a Recycling Company
The cost of e-Waste recycling plant costs will depend on a lot of factors. If you want to start with less investment, you can set up a small scale e-waste handling facility unit. It will cost around $16,000 including machinery. On a larger scale, the cost can go to $3.5 million.
The business of eWaste recycling definitely has a great future. However, to make it successful, a great deal of proper planning and execution will be required.