Although establishing a tire and rubber scrap recycling company requires significant start-up capital and a rigorous process, it is indeed a lucrative venture. The market for recycled tires and rubber scrap is large and can accommodate loads of investors.
How much money can you make recycling tires? Fees vary greatly from one location to another and can be charged per tire or per ton. Fees range from $0.50-$3.00 per tire for car and light truck tires and $3.00-$25.00 per tire for semi-highway and off-highway tires. Most tire waste removal is charged by the ton, ranging from $75.00 to $200.00 per ton.
The first way you may want to consider is to simply take the tires yourself to a recycling center, many of which may pay you just to recycle the tires. The tire recycling center will buy the scrap tires, though you won’t get as much money for them. You can expect about $1 to $5 per tire, but that’s pretty much all the profit!
What can scrap tires be recycled into?
Scrap tires are generally shredded or ground by a tire shredder. These shredders use powerful cutters to shred tires and tear them into small pieces. Some of the by-products of tires, such as fiber and steel, are separated and sold as raw materials for other industries. The rest of the shredded tires can be used for a variety of purposes. If it is used for TDF, it is sent to an incinerator, boiler or cement kiln, depending on the equipment that uses tires as energy. Other uses of shredded and ground tires include rubberized asphalt, playground coverings, embankments, and even as material for new tires.
Waste rubber can be reused in a number of ways. There are many companies that use used tires as raw material to make fuel, oil and other such things. By setting up a tire shredding business, you can help each of these companies make their workflow more efficient by providing them with this waste rubber inside the shape ideal for disposal right away.
Instead of spending capital on tire crushers, storage facilities and manpower, these companies would be better off focusing on the actual process of recycling that rubber so they can find customers to buy their goods. Most of these businesses will be happy to get their raw materials in a form that is really convenient to handle. This saves them money and time and allows them to do further homework. This means that there is a huge need for tire crushing services. You can turn this need into a possibility by setting up your own business to help recycling companies make their work processes more efficient.
How to start a successful tire recycling business
By using the tire shredding business, as long as you know the steps that can make full use of the investment, you can make a considerable profit.
You will need to develop a great business strategy to get rid of luck. You have to do market research to find out what your potential customers want. What size pieces do they need? How much rubber do you need to process per day? The solution of these problems will enable you to make a good choice when choosing a tire shredder.
Strive to expand your search beyond your local geographic area so you can benefit from lower costs. For example, Chinese companies can offer high quality, competitive prices for the tire shredding machine that are much better than any industrial equipment manufacturer near you.