Overview of the Hazardous Waste Recycling Business

Hazardous Waste (HW) is any waste that, because of its physical, reactive, flammable, chemical, toxic, corrosive or explosive properties,harms the environment and health of the human being. All this HW can be treated at the Hazardous Waste Recycling

Business unit. The list of HW is provided in the Hazardous Waste Rules under: -

• Column 3 of Schedule 1 of the rules
• Wastes have components listed under Schedule 2 if their concentration is equal to or more than the limit prescribed in the mandated schedule.
• Waste mandated under lists A and B of Schedule 3 is only applicable in importing or exporting hazardous waste.According to rules 12, 13 and 14, in case they have any hazardous characteristics prescribed under Part B of Schedule 3.

According to the reports published by the Associated Chambers of Commerce of India, our country produces around 51.1 MM tonnes of waste annually.Industries produce around 7.46 MM tonnes of hazardous waste. Among this waste, around 46 per cent of waste, which is 3.41 MM tonnes, is discarded in the landfill, while 9 per cent is incinerated and 45 per cent is recycled. Also, as per reports,Gujrat is the highest producer of hazardous waste, with around 7751 industries generating the waste constituting around 28.76 per cent of waste in India.

With this much waste generation in India, there is an urgent need to set up Hazardous Waste Recycling Business. This is because there is a massive gap between waste generated and the capacity for waste treatment.

	Class I, with a population of 0.1-1 Million people	Class II with a population of 50,000-99,999	Total
Wastewater generated	35,558	2697	38,255
Waste treatment Capacity	11,554	234	11,788
Required capacity	24,004	2463	26,467
Untreated Waste in per cent	68	92	70

Market Overview

Establishing Hazardous Waste Recycling Business is ideal for protecting the environment and reducing the accumulation of waste. Also, it has proven to be very profitable in today’s market. According to market overview reports, the market size for HWM business is worth 14.16 billion US Dollars in 2021, with an estimated growth worth 23.76 billion Dollars by 2031.Further, the Compound Annual Growth Rate (CAGR) for the hazardous waste recycling business has been estimated at 5.31 per cent.

The benefit of setting up a Hazardous Waste Recycling Business

Setting up a Hazardous Waste Recycling Business has many environmental and economic benefits.

Environmental benefits- Hazardous Waste Recycling Businesses protect against the environmental damage caused due to refining, processing, extraction and transportation of new material. The recycling process also consumes less energy than the processing of new material and its manufacturing process while emitting fewer greenhouse gases responsible for damaging the environment.

Economic Benefits- By setting up a Hazardous Waste Recycling Business, the manufacturers and producers save the cost that will be wasted in the extraction or refining of raw material. Along with this, studying the market overview of the hazardous waste recycling business, it is clear it is very lucrative and will benefit the companies and the growth of the country’s GDP.

Process followed by the Hazardous Waste Recycling Business

There are different types of treatments available for managing hazardous waste. One of them is recycling, which the Hazardous Waste Recycling Business employs. But before proceeding with the recycling method, it is essential to know the categories of hazardous waste listed for recycling under schedule IV of HWM Rules. These are as follows -

1. Used/waste oil
2. Non-ferrous metal waste, including zinc, copper, nickel, cadmium, lead, etc.
3. Electron waste or Waste Electrical or Electronic Equipment (WEEE)
4. Paint and ink sludge/residues

Further, the ways of treating HW at Hazardous Waste Recycling Business include: -

• Chemical Treatment-Chemical treatment methods include precipitation, neutralisation, ion exchange and oxidation-reduction.
• Biological Treatment- Biological treatment of hazardous waste is mainly used for waste that is from the petroleum industry. One of the techniques of biological treatment is land farming.
• Physical Treatment- Physical treatment includes the techniques of solidification, sedimentation, filtration, flotation and sedimentation, which are used for volume decrease.
• Thermal treatment- This treatment through incineration is also used to process organic waste for which equipment like liquid-injection incinerators, fluidised–bed incinerators, rotatory kilns and multiple-hearth furnaces are used.

Business plan for setting up Hazardous Waste Recycling Business

The manufacturer/recycler must formulate or design a business plan to set up any unit. This can act as a guiding material and a brochure to attract funders.

Purpose of Business Plan for Hazardous Waste Recycling Business

Formulating a business plan for setting up a hazardous waste recycling business serves multiple purposes for the recyclers, including: -

• A decent business plan acts as a handbook for stockholders to make them familiar with the hazardous waste recycling business, the purpose of its existence, and what is the monetary approach implemented by recyclers. It supports stakeholders in making better-informed decisions on the investment.
• Similar to investors, the business plan for hazardous waste recycling waste act as a manual to make them conscious of the existing and upcoming prospect of the business, comprising market overview and economic policy.
• The plan for the hazardous waste recycling business serves as a roadmap for recyclers and plant owners. It helps recyclers in setting objectives and strategies for Hazardous Waste Recycling Plants.
• At last, business plans are also required to be submitted to the government authorities. For example, when establishing a recycling unit, the recyclers must acquire Consent to Establish.

Content for business plan for Hazardous Waste Recycling Business

While framing a business plan, the recycler must ensure the structure correctly reflects the business objective and scope. The structure of the business plan for recycling hazardous waste includes the following: -

Business Overview

The business overview includes the key concept and strategy on which the recycling business is based. It also contains the long-term and short-term commitments set by the recyclers about Hazardous Waste recycling Business growth.

SWOT Analysis

SWOT Analysis includes business strengths and weaknesses, opportunities and threats concerning a particular operation. It comprises the company's strengths, including advantages, skills, and experience in hazardous waste recycling. It also includes any other factor that can be added as a positive attribute to the business profile of the recycling plant. Apart from strengths, SWOT analysis also tells the possible weakness of recycling plants and opportunities in the market that can assist in the growth of the recycling unit. At last, the analysis must contain the possible thread that can hurt the market's development.

Industrial Analysis

Industrial Analysis includes future market trends and the recycling plant's current standing. It may also include an analysis of the potential competitors that can affect the overall business of the market.

Overview of Demographic and Geography

Overview of demographics and geography includes the analysis of the group of the Hazardous Waste Recycling Business’s customer base within the stipulated area.This is categorised based on income, occupation, or the location of the recycling plant.

Product Analysis

The business plan for recycling hazardous waste also includes a detailed description of the product manufactured by the recyclers at the end of the recycling process.

Operational Strategy

Operation Strategy includes production analysis, budgetary plan and Human Resource Plan. This strategy includes a complete financial proposal for operational units, a memorandum of undertaking with banks and an analysis of the organisation's human resources

Licenses that are needed for setting up Hazardous Waste Recycling Business

To set up any business, like hazardous Waste Recycling Business or especially one that may cause a detrimental effect on the health and environment, recyclers must acquire many licenses and authorisations. Some of them are: -

• Consent Certificate, which will include Consent to Establish (CTE) and Consent to Operate (CTO) under the Air and Water Acts granted by SPCB
• Certificate of registration from District Industries Centre
• Certificate of compliance of effluent, disposal of waste and emission standards and treatment
• Company registration
• Hazardous Waste Authorisation Certificate for recycling of waste specified under Schedule VI under Form 5

Current scenario

In the national policy published by the PCB, it was estimated that around 200 recyclers of used oil/non-ferrous metallic waste/waste oil were authorised under the Hazardous Waste Rules. According to the environmental impact reports on the sound processing/recycling of hazardous waste, authorisation is granted. But these recyclers constitute the minority pollution among those who work in an informal setting. One of the most significant limitations in setting up a Hazardous Waste Recycling Business is the lack of proper infrastructure and technology necessary for the process.

How can Enterclimate assist you?

Personalised legal assistance Our team of legal experts offer support for obtaining a license for your hazardous WasteRecycling Business.

Aid in annual report filing We offer comprehensive guidance exclusively catering to your particular needs.

Assistance on filing for renewal Our team also deliver thorough service for filing a renewal application for a hazardous recycling business license.