Due to scarcity of petroleum products in our country in Bangladesh we are planning to setup a plant for waste oil recycling to produce Diesel. We have huge waste oil like from Engines , Industrial, motors, Ships and ship yards, waste lube oil etc. If this project implemented , it will bring significant economic benefit for our enterprise as well as taxes to the country.
The need for diesel fuel in the country is increasing rapidly due to its revolutionary advancement in industrial, transport, and irrigation sector.All most 90% of the country's total demand is met by Diesel & kerosene fuel. Our country is fully depend on import. Petroleum refining capacity in the country remained static for a long because of limited storage capacity especially for Diesel & Jet oil.
Apart from local garages, Depot, Bus terminals , we can have huge waste oil from sea ports and rivers ship yards. Our demand of fuel energy is very high.
We have project ready and approved. 3000 sqm land occupied at suitable location by the bank of the river Sitalakkha, for this plant. Survey completed by Govt. Bank .Transportation is too convenient , road and water both way available .
Initially we would like to produce 10 tons per day. According to our feasibility we can have profit US$ 1875/ Day minimum.
At this moment, we need investor who can invest in such plant for purchase machinery & equipment and installation purposes.