How much does it cost to build a waste motor oil refinery plant in Nigeria?

Due to the large demand for waste motor oil refining plant in the Nigerian market, many customers come to consult the price of the plant. Here we make a special introduction to the waste motor oil refining plant cost for the Nigerian market.

Full set waste motor oil refining plant

Waste motor oil refining plant is used to convert waste motor oil into diesel, which belongs to the waste recycling industry. The waste motor oil refining plant can not only reduce waste oil pollution, but also create new available energy-diesel which is an environmentally friendly and highly profitable equipment. If you want to build a waste motor oil refining plant in Nigeria, you need to consider the cost and investment budget from the following 4 aspects.

First, the cost of the site required for waste motor oil refining plant.

Generally, a 10 tons waste motor oil refining plant needs a 300-square-meter site. Considering the storage space of raw materials and products, at least a 500-square-meter site is generally required. Renting a land, or purchasing land and building a workshop are the first investment costs of this project.

Site required for installation of waste motor oil refining plant

Secondly, the cost of the waste motor oil refining plant.

The price of the waste motor oil refining plant will vary due to different handling capacity and configuration. For example, purchasing a 10 tons of waste motor oil refining plant, the cost ranging from 60,000 US dollars to 150,000 US dollars. You can consult the supplier according to your needs for plant handling capacity and configuration, and let suppliers recommend suitable plant.

DOING waste motor oil refining plant for sale

Third, the cost of local permits and other formalities for waste motor oil refining projects.

According to our customers in Nigeria, different states have different policies for running waste motor oil refining projects, and they need to consult with the local government. Some places have subsidies and some don’t; some places need to submit project information, land certificates, business licenses, asset certificates, etc. to government; some places do not need to submit too many documents. Generally, this process does not require much capital, but it takes time. You can go to relevant government departments for consultation according to local policies.

Finally, working capital for waste motor oil refining projects

Some working capital needs to be reserved as reserve funds for raw material purchases and workers’ salary.

In general, the investment cost of waste motor oil refining plant is not very large, and it is a green energy project, which is very popular in the market.

Our company specializes in waste motor oil refining plant, if you have needs, please consult our company. We will have professional engineers and project managers to guide you through the project.