Introduction
The recycling of waste oils has become an area of importance for industrialists and corporates, who are looking for cost-effective ways to dispose their waste oils. These Waste lubricating oil recycling plants are generally designed to convert used and/or waste lubricating oils from various industries into reusable fuels. From time to time, it is observed that there is a large quantity of oil residue being generated in various industries including auto manufacturing units, earth moving machinery manufacturing units, etc.
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How does the waste lubricating oil recycling plant works?
The waste lubricating oil recycling plant uses a process called visbreaking to convert waste oil into usable products. This innovative technology makes use of high heat, pressure and catalysts to break down heavy hydrocarbon molecules found in waste oil into lighter oils that can be used in production processes. It’s more efficient than distillation because it doesn’t require fractional distillation (which is both capital-intensive and energy-intensive).
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These streams are subsequently sent through further upgrading units such as hydrotreating or isomerization plants where they are further refined into transport fuels such as gasoline or jet fuel. Waste lubricating oil can be converted into several types of fuels. For example, lubeoil condensate output by a refinery's fluid catalytic cracking unit usually goes on to become transportation diesel or aviation kerosene via hydrotreatment. Base oils derived from visbroken input may also be made into finished lubricants for industrial applications. Some producers also extract aromatics from their feedstock which can then be sold separately as solvents, perfumes and flavorings.
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Benefits:
All kinds of enterprises, organizations and institutions would benefit from it. Waste lubricating oil will serve as an excellent raw material for them for years. Such as:
1. Repair Workshops
2. Machine Fabrication Workshops
3. Electrical Machinery Producing Plants
4. Automobile Service Centers
5. Small and medium-sized mechanical
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Market Outlook:
India industrial lubricant market is projected to grow to USD 1.91 billion by 2027, on the back of strong growth in construction & mining sectors across the country. Industrial lubricants find application in variety of end user industries therefore, an extensive list of lubricants is available that include hydraulic oil, greases, gear oil, compressor oil, industrial engine oil, metal working fluids and bearing oil. Among these, the hydraulic lubricants and machine lubricants dominate the market due to high demand in industrial and mining applications.
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The waste lubricating oil recycling plant market is highly lucrative, and is expected to grow at a healthy CAGR. The rise in awareness about environmental pollution due to improper disposal of used oil has compelled end-users of lubricants and machinery manufacturers to adopt proper procedures for used oil management. In addition, it has also increased demand for recycled products that are friendly to environment. Market growth is highly dependent on factors such as rising disposable income, development of infrastructural facilities and diminishing crude oil prices.
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Waste lubricating oil recycling plant market is also driven by government regulations and incentives related to waste disposal and non-renewable energy generation. However, limited availability of space for installation may hamper industry’s growth over the forecast period. In addition, environmental concerns regarding wastage of lubricants in nature can restrict market share for recycled products.
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