Are you planning to begin a Used cooking oil trading company in Dubai? Well, Bizvise got you covered.
Bizvise is one of the leading business setup companies in Dubai, UAE. Bizvise provides a range of business setup services for small, medium, and big businesses in Dubai and the UAE, and also helps entrepreneurs, investors, and all those who are looking for a hassle-free Business Setup in Dubai Mainland, Free Zone, and Offshore regions.
What is the Biodiesel industry and how promising is it to capitalize?
Used cooking oil [UCO] can be transformed into biofuel that can replace petroleum diesel in our daily life. Used cooking oil or the residue from cooking can be transformed into a local eco-friendly fuel that serves as a viable alternative to petroleum diesel.
The procedure of making Biofuel from UCO is quite simple. The vegetable oil we consume will easily change into used cooking oil after its single use. The used cooking oil can be collected and the residue/waste will be filtered to remove moisture and impurities. The oil then delivers to a biodiesel factory and after some chemical transformation, the UCO will change its course to biodiesel or HVO and later be combined with gasoil to transform it into biofuel for varying purposes.
There are companies across the world that collects used cooking oil and refine it into biodiesel. Businesses now understand that used cooking oil is not only recyclable but potentially profitable as well. High-quality used cooking oil provides an essential raw material to produce biodiesel, which helps reduce air pollution by only releasing fewer particulates and pollutants compared to natural diesel. Biodiesel is a renewable, clean source of energy that reduces the need for diesel made from fossil fuels. Normal diesel was pressurized, heated, and cooled over millions of years. But biodiesel, which is as same as natural diesel, could be produced within 24 hours. Biodiesel is cost-efficient, less time-consuming, profitable, and eco-friendly.
Biodiesel produced from used cooking oil is an emerging category in the green energy space. In recent years, consumer preference has shifted from petroleum diesel to biodiesel due to concerns about the environment. The global used cooking oil [UCO] trading market is growing considerably, largely because of the rising awareness of sustainable energy resources and environmental conservation. Advancements in technology and the potential growth of the industry favors the growth of the overall market. Government interventions to promote UCO utilization for industrial purposes are expected to drive the used cooking oil market growth in the coming years. Governments across several countries and a few leading energy and fuel companies are adopting policies that support the green economy. The growing awareness regarding food wastage among consumers and firm regulations associated with the product contributes to the increased availability of used edible oil for fuel production.
If you intend to begin a business in this category in Dubai, Bizvise is happy to help. A trade license is the first thing you need to start business operations and legalize all the activities carried out by the business entity. For obtaining that license in Dubai, you need to get various approvals from government agencies. There are different trade licenses available for different businesses and our expert team of consultants will help you acquire the right trade license depending on the nature of your business activity and shareholding structure. We also provide a local sponsor for your business and we also help you get visas for your employees. Apart from acquiring trade licenses, our business setup services in Dubai include PRO, VAT & Accounting services, Bank Assistance, Virtual Office, and Protecting business/investor’s rights. Setting up a business in Dubai is a Herculean task. But Bizvise being there for you as a service provider can make the process faster, easier, and more profitable.