Introduction:
Scrap tyre recycling presents a significant opportunity in Nigeria due to the environmental hazards posed by discarded tyres and the potential for generating valuable products from recycled materials. This executive summary outlines the findings of the market and feasibility analysis conducted to assess the viability of establishing a scrap tyre recycling facility in Nigeria.
Business Overview:
Every year, thousands of tons of used plastic and rubber products, such as worn tyres, are abandoned in Nigeria.
Improper disposal of these large amounts of municipal solid waste can lead to serious environmental pollution affecting air, water, and land quality.
Traditionally, waste tyres are either rethreaded and exported overseas for reuse or processed into crumbs for surfaces and chips for solid fuel.

Tyre Recycling Process:
Tyre recycling, also known as rubber recycling, involves repurposing vehicle tyres that are no longer suitable for use due to wear or irreparable damage (such as punctures).
These discarded tyres pose significant waste management challenges due to their large volume, durability, and ecologically problematic components.
Approximately 259 million tyres are discarded annually in Nigeria

Financial Viability:
This report examines the feasibility of establishing a scrap tyre recycling plant in Nigeria.
The proposed plant would include a Waste Tyre Recycling Plant, Forklift, Transformer, Generator, Project Vehicle, and Weigh Bridge.
Operating at 70% of installed capacity with three shifts of 8 hours each, the plant would produce bi-monthly:
1,000 of steel wire amongst other product like fuel oil, Carbon Black

Conclusion: The market and feasibility analysis indicate a promising opportunity for establishing a scrap tyre recycling facility in Nigeria. With the right combination of technology, investment, and strategic planning, the recycling venture can contribute to environmental sustainability, create employment opportunities, and generate economic value from waste resources