E-wastes are substances/equipment's, which are discarded after the use from electronic devices such as mobile phones, computer accessories, and parts, electronic gadgets, TV, fridge and other electronic items regularly used in homes and industries.
The amount of e-waste increase in recent times due to the increase in the use of electronic equipment in every field of life including home base equipment as well as heavy industrial equipment, which are also completely replaced with automated gadgets.
Mobile phones are the main culprit of e-waste due to their usage in society; almost every person nowadays has mobile phones, loaded with small chips and other electronic stuff. The amount of waste this electronic equipment's given to society is very alarming. According to the reports, almost 53.6 million metric tons of e-waste generated globally during 2020, which is 44.4 metric tons greater than in 2015. This was calculated by just 17.4 % documented waste, which is properly recycled. The raw material contained has almost worth 57 billion dollars in that waste.
The waste produce through electronic gadgets contains metals and hazardous elements which are dangerous for human health as well as for the environment. It contains a considerable amount of mercury, lead, cadmium, polybrominated flame retardants, lithium, and barium which directly affects the nervous system of the human body and dangerous for the heart, liver, and kidney if exposed freely in the atmosphere.
How to start E-Waste Business
Recycling
e-waste can be a great opportunity for young entrepreneurs to start their own businesses.
It can be started by investing in small amounts.
THE FIRST STEP is to collect the necessary information and knowledge.
Get the information of both the consumer and recycling industries. Conduct research
on all the industries involved in this subject.
THE SECOND STEP is acquiring the business you offer to your
customer. There is a number of business plan you can offer such as:
·
Collection
– taking used electronics from consumers and distribute them to other companies /
vendors after dismantling of components.
·
Refurbishing
and resale – assessing electronics for resale as is or after minor repairs and
upgrades (refurbishing)
·
De-manufacturing
– disassembly of components for processing as scrap or resale
·
Shredding
– tearing up whole units and selling commodity streams for recycling
·
Asset
recovery – managing the obsolete or surplus property from large companies
·
Brokering
– selling used electronic devices or components to other vendors
·
Extracting: extracting valuable material like copper, gold,
iron and plastic from computers and electronic equipment’s and supply to other
local industry for re-use.
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