How many budget is needed to start a palm oil refining business in Nigeria?

With the Nigerian government is working hard to develop large-scale production of palm oil and develop supply chains for roads, energy, water and service terminals, more and more people want to start palm oil refining business in Nigeria. So how many budget is needed to start a palm oil refining business in Nigeria?

Palm oil refining business in Nigeria

Referring to the budget of starting a palm oil refining business in Nigeria, there are location rental, equipment cost and certification cost. As the cost will vary greatly from region to region, the following data is for reference only.(See more:Why so many people choose to set up palm oil refinery plant in Nigeria? How to set up a palm oil refinery plant in Nigeria?)

1, Cost of renting palm oil refining factory

This is a very important step to consider when starting this business. You must consider two things before choosing your business location. These factors include:

♦Proximity to source of raw materials

♦Proximity to market

Ensure that there is an accessible route to your production site. Also, you need to make sure that the production site is suitable for the kind of business you want to do. For example, the refining of palm oil requires lots of water. The production site should have access to water that you need daily.

Proximity to source of raw materials--crude palm oil

If you want to start a large business, generally 80m² factory is needed. The budget to rent a palm oil refining factory is about $735 per month. If you have a little budget and want to start a refining business, you can start palm oil refining business with a small capital, It had better find an unused room at home and separate it out to be the workshop, so that you can save a lot of money.

2. Cost of buying palm oil refining equipment

As we all know, to go into this business commercially, you must buy some required palm oil refining machines. The price of palm oil refining machine is closely related to the production output, refining technology & process design and included equipment type & quality. Here is some references for you: The cost of 1ton/day small palm oil refinery unit is about $30000, and the equipment cost is about $100000 for 10ton/day medium scale palm oil manufacturing business. Contact us now to get customized edible oil refining project plan with exact palm oil refinery plant cost for FREE!

Palm oil refining equipment types

If you have a little budget and want to start a palm oil refining business, you can consider to buy one mini palm oil refining machine and other process can be achieved by manual operation. It is best to negotiate with the supplier.

3, Cost of acquiring certification

To ensure the smooth development of palm oil refining business, investor still needs to go to local related department deals with some related management certificates such as business license of industry and commerce, wholesome license, etc. Cost about $150.

Henan Glory Company can offer customized complete palm oil refining machines at factory price, ranging from small capacity to large capacity. We have professional technical team of senior engineers who has been palm oil industry of more than 10 years. From factory design, equipment selection to onsite installation and commissioning, we boast strong capacity to complete it. In addition, we also provide online technical supports and workers training to help our customers quickly operate their palm oil refining plant. Welcome to contact us to get more information about palm oil refining business.