Hi, nice initiation post and good tracking subsequently.
Attaching the SME Conference video https://www.youtube.com/watch?v=L0YJi8kyG8o which gives a very good overview of the business.
One key element of the business is the low cost at which they set up their factory.
Their 100 TPD continuous tyre pyrolysis plant costs Rs. 40-50 cr as capex. A similar plant would cost 2-2.5x to be set up in a place like Europe. Some scuttlebutt indicates that they are competitive at this cost with Chinese players.
The existing plant at Bhilwara is the outcome of 6-7 years of research and development, with constant modifications and improvements being brought about in this time. This is now ready to be replicated in their new plant in Dhule and in future plants.
The equipment is being manufactured by their own group company, and hence they are able to set up the plant at lower cost.
Another point worth mentioning related to pollution issues. Attaching the consent received from Maharashtra Pollution Control Board which is very detailed and shows the various steps that the company needs to take to receive the approval and then continue to follow it because routine inspections keep happening.
Another related document is the SOP for tyre pyrolysis plants by the Central Pollution Control Board which also gives a good overview of the stringent processes that the companies need to follow. Higreen has not been surveyed in this document (not sure why), but one can see that there are very few continuous pyrolysis plants in India and which are covered are less than half the size of Higreen.
Tyre pyrolysis report by CPCB Nov22.pdf (5.4 MB)
Discl – invested and interested.
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