How to Start an Edible Oil Refinery Plant?


How to Start an Edible Oil Refinery Plant?
How to Start an Edible Oil Refinery Plant?
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India is the world’s second-biggest consumer of vegetable oil as well as its largest importer. Between November 2020 and October 2021, India’s edible oil import bill totaled $1.17 trillion. According to the Economic Survey 2021-22, India’s cooking oil imports would continue to expand at a high pace of 3.4 percent per year through 2030, owing to rising urbanization and shifting dietary habits, which include a shift toward highly processed meals with high vegetable oil content. In between the financial years of 2015-16 to 2020-21, India’s oilseed production increased by over 43%.

However, oil production in India has lagged behind its consumption, necessitating the import of edible oils. As a result, for cheaper edible oil, we must go back to basics and set up our very own edible oil refinery plant with the help of edible oil refinery plant manufacturers.

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From degumming, neutralization, and dewaxing to bleaching, deodorizing, and GE and 3-MCPD mitigation, refining crude oil into edible oil necessitates extensive process understanding. Edible oil companies may rely on CentPro’s expertise for the most efficient, optimal, and dependable edible oil refinery plant solutions.

You can rely on our process and chemical equipment to ensure that your edible oils have the best taste, aroma, stability, appearance, and nutritional value while maximizing product quality, safety, and yield. Getting in touch with an edible oil refinery plant manufacturer is the easiest way to get started with an edible oil refinery plant. The following are the steps that must be taken:

Steps Recommended by the Edible Oil Refinery Plant Manufacturers for Setting up the Plant:

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Study the Licenses Required

To start an edible oil refinery facility and sell oil, you’ll need a variety of licenses and certificates, some of which are required and others which are voluntary. All food-related enterprises, including the oil refinery, require licenses from the FSSAI and BIS, which are provided by the Indian government. In addition to this, state governments grant a variety of certifications and licenses.

Select Business Site

The business site or location is one of the most important factors for the success of any business. Best practice is to select a location nearby the source of raw material. For example, if you are planning to go into soybean oil production then your oil refinery plant should be nearby a soybean plantation.

Arrange Finances and Check Available Government Schemes

The amount of money needed to start an edible oil refinery plant is determined by the plant’s capacity, kind of machinery, method of oil processing, etc. In India, the minimum investment required to start an edible oil refinery plant is between 20 and 30 lakhs.

There are multiple funding options. One can go to banks or investors or other lending institutions. In government-designated agro-processing clusters, entrepreneurs with a small investment can start an edible oil plant. The government has previously approved more than 60 clusters around the country as part of the Scheme for the Creation of Infrastructure for Agro-Processing Clusters. Entrepreneurs who establish oil refinery units in these clusters will be provided with all of the necessary basic and core infrastructure to begin operations.

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In addition to infrastructure, the government offers incentives of up to 35 percent in general areas and up to 50 percent in North East states, ITDPs, and UTs (maximum of 10 crores) of the entire project cost to entrepreneurs. Apart from this, entrepreneurs can profit from government-sponsored programs such as ODOP and others.

Buy the Machinery and Hire Manpower

Edible oil refinery plant manufacturers have all the necessary machinery and equipment that are required for setting up an edible oil manufacturing plant. CentPro can provide the best quality, well-designed, and defect free machinery. They also ensure that minimum number of contaminants and odor creating agents are used during the manufacturing process.

Manpower is another key-driving factor of every business. Using proper advertising and online platforms, you can choose appropriate manpower for running the entire edible oil refining plant.

Packaging and Distribution

The final oil produced at the end of the process is generally stored in huge tanks, and it is tested for cleanliness and impurities. If all the results are satisfactory then it is taken to the packaging and distribution stage.

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India mainly depends on imports of edible oil to meet domestic demand due to insufficient production in the country. For example, the requirement of edible oils in India during 2019-20 was 24 million tons, whereas the production was 10.65 million tons. And India imported around 13.35 million tons of edible oils during 2019-20 which was more than half of the domestic demand.

Considering this huge supply-demand gap of edible oils, starting an edible oil refinery plant with the guidance of edible oil refinery plant manufacturers is a profitable business in India. More domestic production of edible oils would also help to reduce the prices in India which eventually benefits the consumer.

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