Is it profitable to start an e waste recycling business in Singapore?

Since the developing countries has banned importing e waste, the developed countries started to pay attention to e waste recycling. to process e waste themselves, Singapore is no exception. In order to process e waste, Singaporean government took many measures to encourage e waste recycling business, and plus the e waste itself has a high recycling value, which have proved that it is profitable to start an e waste recycling business in Singapore.

1. Singapore e waste status:

E waste in Singapore

Despite its small size, Singapore is one of the largest e waste recycling markets in Southeast Asia. According to the statistics, Singapore discards about 60,000 tons of e waste every year, half of which are household appliances and information technology products. It means that the average person "creates" about 11 kilograms of e waste per year, which is equivalent to the weight of 73 mobile phones. The large quantity of e waste provides adequate and cheap raw material for e waste recycling business in Singapore.

2. Singaporean government's support:

In order to encourage the development of e waste recycling business in Singapore, Singaporean government has cooperated with ALBA, a German environmental protection group, to set up recycling points across the country to recycle e waste, and then send them to licensed e waste recyclers for processing.

Recycling point in Singapore

In addition, in order to implement the EPR regulatory model across the country and help the development of small e waste recycling business in Singapore, the Singaporean government may provide funding or allowance to help the development of e waste recycling business, which will reduce the investment of e waste recycling business.

3. E waste itself's recycling value

The e waste itself's recycling value can also prove that it is profitable to start an e waste recycling business. Take the circuit board in cell phone for example. It is usually consisted of 40% metals, such as gold, copper, silver, palladium, etc., which can be extracted and reused. It is understood that about 300g of gold can be extracted per ton of circuit boards, and the market price can reach 16,500 Singapore dollars (about 79,108 yuan), and these precious metals are the main source of profit for recycling companies.

E waste's recycling value

As for extracting precious metals, you can use a waste circuit board recycling equipment, which is designed for processing all kinds of waste circuit boards, to separate precious metals and resin fiber out with a dry type physical separation method. The separated metals has high purity and good quality, which can be sold at a good price. The following is the DOING’s waste circuit board recycling machine 3D working process display, which can help you to get a good understanding.

E waste recycling business in Singapore is more and more popular, and many people has get considerable profit. If you also want to start e waste recycling business in Singapore, welcome to contact us Henan Doing. Doing's waste circuit board recycling machine will escort you.