3 Hidden Benefits of Waste Oil Recycling for Businesses
Gone are the days when companies would use industrial oil once and dump it immediately after that. Thanks to advancements in technology, businesses can collect their used oil, clean it, and reuse it several times. Some of the expected benefits of recycling waste oil include protection of the environment, cost-saving, and energy conservation. However, companies can profit indirectly by recycling waste oil. This article highlights the hidden benefits of recycling waste oil.
Job Creation
The unemployment rate in Australia currently stands at around 6.9% as more people continue to lose their jobs. While this figure appears conservative, the roll-on effect cannot be underestimated because unemployment leads to social vices, such as crime. Therefore, anything that contributes to job creation is welcome. With approximately 300 million litres of waste oil collected and recycled in Australia annually, there is a need to increase resource allocation towards waste oil management. Therefore, the Australian government is providing oil recyclers with funding support, which goes a long way in retraining and recruiting stakeholders. It is aimed at preventing the non-collection of waste oil, which might lead to improper disposal and pollution.
Waste Oil Analysis
Irregular maintenance of equipment in industrial facilities can lead to disruption of operations and losses. The last thing that a manufacturer needs is an equipment breakdown, which technicians cannot troubleshoot or explain. Unfortunately, malfunctions happen, and manufacturers need to find the underlying cause to restore productivity. Waste oil recycling offers reprieve in this regard because of the steps involved. For example, once collectors pick waste oil from an industrial plant, it goes through water extraction, filtration, de-asphalting, and distillation. During the different phases, you can ask recyclers to analyze waste oil contents and give a report. The assessment might reveal possible causes of a machine breakdown, allowing manufacturers to prevent similar malfunctions in the future.
Enhance Business Reputation
Waste oil can be hazardous to the environment and living organisms if not correctly disposed of. In fact, the government has laws and regulations regarding waste oil disposal and recycling. Non-compliance attracts hefty penalties, and in some cases, culpable individuals face jail time. For example, if manufacturers store waste oil for long and do not get it recycled, the chances are high that it might find its way into the environment. Consequently, it hurts your business's reputation and leads to losses. Liaising with waste oil collectors and recyclers enhances your company's reputation and ensures compliance.
Contact a company like Wren Oil to learn more.