Turn waste cooking oil into money

Business News | 22 Jan |

What do you do with your batch of cooking oil once it goes through its last fry?

Recycling used cooking oil has become increasingly common in the modern-day. Even so, most hotels, homes, and restaurants are still not taking up the opportunity to protect the environment by recycling used cooking oil. They end up disposing of this oil in their drains, causing blockage, while most of it ends up in the landfills and marine ecosystem.

If you are interested in making a bit of money on the side, selling your used cooking oil to a recycling company can earn you money while ensuring you play a part in conserving the environment. Here is everything you need to know.

Why you should recycle used cooking oil

For years now, used cooking oil is recycled into animal feeds and cosmetics. Advancements in recycling technology have made it possible for old cooking oil to be recycled into greener alternatives to fossil fuel. There are numerous used cooking oil recycling companies available, with new ones cropping up every day.

These companies collect used oil from homes, companies, and restaurants and refine this waste oil into renewable energy sources, including biodiesel fuel, a green alternative to regular fossil diesel.

Besides conserving the environment, recycling used cooking oil can be worth money to your business. Used oil recycling companies pay their clients for their used cooking oil.

You can learn more about how much the local used oil recycling company in your locality pays foe used oil by placing an inquiry to a recycling company.

Setting up your recycling program 

To be able to make money from your used cooking oil, you need to make a few considerations.

The amount of cooking oil produced. 

You first need to assess how much cooking oil you use per day, week and month. You also need to take into account how many other locations will require recycling services, especially if you own a chain of restaurants.

You will be required to set up a collection base for all your used oil. This way, the used oil is dropped off from your various establishments to one collection location.

The size of your oil containers 

While the used cooking oil recycling services vendor can offer collection containers for your used oil depending on your quantities and needs, you need to determine the amount of space you have for the collection containers.

If your premise is limited on space, you can have the vendor offer smaller containers and increase their collection cycles to your establishment. With this arrangement, the number of cycles done to your establishment will usually affect the amount you make from the recycling company.

The temperatures in your area 

Used cooking oil is required to be in liquid form at the time for recycling. While collecting, you need to consider the environmental temperature and how it affects the used oil reserve. This is especially important in winter when the temperatures are not favorable.

If you are in very cold areas, consider getting collection containers with in-built heating systems to keep the oil from solidifying.

Collection cycles 

When signing off on a contract with an oil recycling company, it is important to clearly understand how often the company plans to collect the used oil.

The size of the collection container determines the frequency of the collection cycle. Ensure the used oil is collected at least once every month, if not more, to discourage theft or overflow at your establishment. Recycling companies are always open to discussing better collection cycles based on your needs.

Other available services

To lower the oil recycling deal cost, consider getting extra services from the recycling services vendor. Some vendors offer other services like maintaining and cleaning kitchen equipment, exhaust hoods, grease traps, and drainage systems.

By getting these additional services, they can offer you a better rate for your used oil.

Recycling used cooking oil helps to protect the environment and makes you money. Get in touch with a used oil recycling services vendor to enjoy the benefits of recycling used cooking oil.

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