On the Conversion of Plastic Wastes into Oil

Seminar paper from the year 2018 in the subject Business economics - Economic Policy, grade: A, University of Dhaka (Institute of Business Administration), course: Entrepreneurship, language: English, abstract: This work analyzes an alternative to traditional recycling. It focuses on the conversion of plastics, a non-biodegradable material. There is a huge amount of plastic wastes lying around and no systematic process present in order to recycle them. The primary reason why the rising pile of plastic is concerning for Bangladesh is its 'Non-Biodegradability'. When being thrown on land, it destroys the fertility of the soil. Similarly, for the same reason, it is harming the sea, river and oceans' lives when thrown on it. Through this business plan, I want to bring insight to an alternative energy production mean, that is the plastic waste to crude oil conversion. With superior efficiency level, industrial waste will also reduce by a huge extent as plastic waste constitutes most of these wastes. Plastic is a non-biodegradable product, which means it cannot be dumped into the ground. Plastic recycling has now become a very key element to protect the nature. Whether in Asia or in Europe, a number of countries are involved in plastic waste recycling. However, that is not quite observed in our country. As a result of which, the pile of plastic is perpetually rising. With superior efficiency level, industrial waste will also be reduced by a huge extent as plastic waste constitutes most of these wastes. Plastic pollution is an ever-concerning issue. We should not only look for steps to reduce it, but also to re-use the ones that are being wasted. Through this social business plan, the primary goal is to help reduce industrial wastes by a large extent. The need for crude oil is massive for most industries. If plastic wastes generated in those industries and factories were in fact converted into oil, that would reduce the operational expenses by a sharp margin and, more importantly, will reduce a big chunk of their waste.