The Feasibility Study On Used Oil Recycling Expansion Project Of A Company

Because environment and development have become the focus of global issues of common concern, the strategy of sustainable development has become an inevitable choice of all countries in the world. The development of circular economy and the establishment of a recycling-based society is an important way to implement the sustainable development strategy and to achieve a resource-saving and environment-friendly society. Oil is an important resource of non-regeneration, the recycling of industrial used oil is carried out. The used oil recycling can not only protect the environment against pollution, but also save sources. As an emerging industry, it has become a hot spot.In this paper, under the guidance of theoretical and methodological way of project management according to A Company’s current situation, through analysis of the technical feasibility, market competitive analysis and economic evaluation, we have reached the preliminary conclusions on the feasibility of A company’s used oil recycling expansion project as follows:First, the project is a low consumption, no pollution, the development of circular economy to adapt to the market model; Second, the project belongs to the industry with good growth, the opportunities outweigh the challenges of the features, used oil recycling operations of A company has obvious advantages; Third, the project will put in to an annual sales income of25.27million yuan, pre-tax profit of5.552million yuan, net profit of4,047,900yuan, the total investment yield13.55%,12.62%financial internal rate of return,the average investment profit rate19.58%. By analyzing each item integratedly, the conclusion is that the project is feasible and the implement schedule of this project is arranged.