PET Bottle Recycling
PROJECT DESCRIPTION
Polyethylene terephthalate or PET (also known as PETE) is one of the most common types of plastic. Most single-serve plastic bottles, including those for water, soft drinks and juices, are made with PET.PET recycling is the process of reprocessing plastic that already has been used before and giving it some new reusable form. For instance, this could mean melting down soft drink bottles and then casting them as plastic chairs and tables.
Recycling of PET bottles has grown to become a Rs 3,500-crore industry and nearly 70 per cent of PET waste is reprocessed in the country.This positioned the market revenues at INR ~ million, which escalated in the successive year to INR ~ million, by growing at an annual growth rate of 29.9%.Nearly 70% of polyethylene terephthalate bottles are recycled in India, and the market is worth an estimated 35 billion rupees (US$ 530+ million) per year. India is expected to grow at a CAGR of 10.19% during the period 2018-2022. Entrepreneurs who invest in this project will be successful.
| Plant capacity |
Plant & machinery |
Working capital |
Cost of Project |
T.C.I |
Return |
Break even |
| Recycled PET Flakes: 8 MT/Day |
Rs. 50 lakhs |
- |
23300000 |
Cost of Project: Rs. 233 lakhs |
25.00 |
66.00 |