| dc.description.abstract |
The objective of this research project initiative is to stop environmental contamination and
reduce energy usage by recycling different kinds of lubricating oils utilized in vehicles and
industrial operations in Bangladesh through vacuum distillation. Bangladesh's lubricants oil
market size was approximately 201.10 million liters in 2024 and is estimated to reach 292.30
million liters by 2029, growing at a CAGR Of 7.76% from 2024-2029. Bangladesh is
completely dependent on imported lubricating Oil. Most Of Bangladesh imports its lubricating
oil from various countries including India, Singapore, and the United Arab Emirates.
According to Bangladesh's import data, in the 12 months from March 2023 to February 2024,
555 foreign exporters supplied 4,794 shipments of lubricating oil to 461 Bangladeshi buyers, a
grmsth rate of compared to the previous twelve months. In February 2024 alone. 334
shipments imported lubricating oil, a growth rate of 48% year-on-year compared to February
2023 and a consecutive growth rate Of 4% per month since January 2024, Growing at a CAGR
of 5.4% from 2022 to 2027, the global fuel oil market size is expected to reach USS 96.4
billion by 2027, It is sad and disappointing that Bangladesh has not yet properly managed
abandoned waste lubricating Oil. As a result, used waste Oil is being accidentally or
intentionally released directly into the environment like rivers, which hurts the environment by
endangering drinking water and the lives of aquatic animals. It is estimated that the annual
market size of lubricating oil consumption in Bangladesh will be approximately 216.71 million
liters in 2025 and increase to 314,89 million liters by 2030, The main objective of this research
project is to properly manage and transform abandoned waste lubricating Oil into a wealth
resource by purifying it through vacuum distillation. Reduce dependence on imported
lubricating Oil and protect the environment by repurposing used lubricating Oil to make it
reusable This research project experimentally refines "aste mono-grade motor oil SAE Grade
50, Automotive Gear Oil 90, and Industrial Oil ISO VG 68 for reuse through compound
extraction and distillation methods. Distillation technology is used In 85% of "aste oil
purification due to its high recovery rate, low cost, energy saving, and environmental
friendliness. Lubricating oil acts as a lubricant, corrosion inhibitor, cooling agent, friction
reducer, and cleaning agent and removes contaminants from the engine and machinery. In this
research study, we collected used lubricating oil from engine workshops named MIS. Best
Suppliers and tested it in a standard laboratory German based lubricating oil & grease
manufacturer named Lubricants Asia Ltd. (Formally Fuchs Lubricants Bangladesh Ltd.),
Chittagong. Different properties analysis Of refined Oil from waste Oil and fresh lubricating Oil,
such as cloud and pour point, flash point, specific gravity, ash content, viscosity, moisture ratio
and acid value showed the best results, which are almost as good as near about same as fresh
The research project's key drawback is the high initial outlay of funds. The financial analysis
yields the following results: net present value = BDT 3,425.05 lakh, payback duration = 5
years 6 months, discounted payback period = 6 years 4 months, and IRR = 23%. It was evident
from the aforementioned figures that the project is regarded as ecologically friendly, profitable,
and financially feasible, |
en_US |