A Complete Business Plan for Edible Oil Refinery (Soya and Palm) Plant

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It’s a refinery that specialises in edible oils. This means that an Edible Oil Refinery processes a variety of edible oils on a single integrated platform by performing a series of simultaneous operations on the oils.

The primary goal of edible oil refining is to make the oil safe to consume. This includes removing the flavour and odour from the oil, changing the colour, changing the crystal habit, rearrangement of the molecular structure, and making the extracted or mechanically pressed oil suited for our needs.

Another rationale for refining vegetable oils is to extract high-yield, high-purity triglycerides, as well as value-added co-products from processing stages such as degumming, neutralisation, bleaching, dewaxing/winterization, and deodorization.

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Palm Oil: The oil palm, Elaeisguineensis, is native to Africa. The commercial values of this crop lies mainly in the oil that can be obtained from the mesocarp of the fruit – palm oil and the kernel of the nut – palm kernel oil. In fact, oil palm is the only fruit that can give these two types of oil. Both are edible oils but with very different chemical composition, physical properties and applications. Palm oil is used mainly for cooking such as cooking oil, margarine and shortening but also has non-food applications such as soap, detergent, and cosmetics.

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Soybean Oil: Soybean oil is a rich source of essential fatty acids, both linoleic and linolenic acid. These polyunsaturated fatty acids are important key to prevent cardiovascular diseases bylowering serum cholesterol through reducing lipoprotein ( LDL ) synthesis and increasing lipoprotein breakdown, as well as by the effect of linolenic acid. Linolenic acid reduces plaque formation and thrombosis by decreasing platelet aggregation, promoting prostaglandin E3 synthesis.

How to set up an Edible Oil Refinery

To start a business as an edible oil refinery, you should have a proper plan and setup. Sourcing of palm oil and soya bean are two major steps in setting up a refineries. Purchasing equipment’s and machinery’s like crusher, vacuum system, separator etc. comes next to be selected after designing your own design of refining process. Some other things which are important for good running of factory are water supply plant, electrical supply plant, office building, canteen etc.

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So proper planning is must to get best results from refinery machine. For example: It takes a lot of time to set up machineries in right way if any mistake happens then it becomes difficult to move ahead with their work resulting into loss of money or causing damages to machines if material gets stuck somewhere. The work becomes tiring as there will be frequent checking and adjusting. There should be some maintenance person who will do repairing once or twice every month in order keep everything fine till end of project life cycle.

Benefits of Edible Oil Refining Soya & Palm Business

Refined edible oil soya palm or palm, which are competitive in price. You can set up your business very quickly. This business is capital intensive with low manpower requirements, hence good profit margin. You have access to additional income through sale of by-products i.e., glycerol cake, sawdust etc.

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Market Outlook:

The global edible oil market is expected to increase at a CAGR of 3.57 percent from USD96.878 billion in 2019 to USD119.571 billion by the end of 2025, from a market size of USD96.878 billion in 2019. Because of the growing popularity of unrefined, unprocessed, nutritious, and organic oil, the worldwide edible oil industry is expected to develop significantly. Due to increased health consciousness among people all over the world, vegetable oils with minimal cholesterol, fat, and calories are anticipated to acquire a lot of traction in the future years. Furthermore, considerable improvements in the retail network, rising agricultural yields, oil output, and expanding economies are some of the primary factors driving the global edible oil industry forward.

During the forecast period, the worldwide soybean market is expected to grow at a CAGR of 5.78 percent (2020-2025). Consumer knowledge of the benefits of soybean oil over other vegetable edible oils has boosted demand dramatically.

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The palm oil market is expected to reach $81.9 billion in 2019 and rise at a CAGR of 6.0 percent from 2020 to 2025. Growing consumer knowledge of palm oil’s favourable health advantages, shifting consumer consumption habits toward a more nutritional diet, and rising demand for edible oils have all contributed to the market’s recent expansion.

In India, the edible oil market has risen dramatically over time. Revenues reached $5.18 billion in 2016 and are predicted to expand at a CAGR of 12.9 percent between 2018 and 2024. By 2024, the markets are expected to be worth $7.2 billion. Soya beans, RBD Palmolein/Palm Olein, and crude palm oil all contribute significantly to the edible oils industry’s earnings. There is great potential for investors to profit from the Indian edible oil industry’s rising opportunities.

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