Ever thought of starting this business? Here's how

Yes, it is popular for its alcoholic nature and usage for alcoholic beverages. But it is important to note that this colourless liquid can be used as fuel for cars, for the manufacturing of blood tonic and multivitamin syrups, for a facial cleanser, shaving products and methylated spirits used in treating cuts and wounds.

In addition, schools are also known to make use of ethanol; from Chemistry to Biology classes, teachers and students have always needed it because the chemical is especially required to preserve some materials used in experiments.

However, ethanol is generally produced by the fermentation of sugar, cellulose, or converted starch. And in Nigeria, local production of ethanol from maize, guinea corn, millet, other starchy substrates, and cellulose can be said to be an old art.

Nevertheless, there are two types of ethanol: Edible ethanol and industrial ethanol.

The edible types are the ones used for alcohol production, while the industrial types are used in industries that produce perfumes, cosmetics, and petroleum products.

Be that as it may, the opportunity that comes with ethanol production in Nigeria is amazing. As a matter of fact, the demand for it has constantly been on the rise for quite some years.

So if you’re interested in investing in the business for the purpose of making a profit, then you should read on to find out for yourself what you need to know to start the business.

Here are few things you should know to start a successful ethanol business

1. Get a warehouse

If you chose to start your ethanol business big by using 30,000 litres, you will also need fuel dispenser.

However, there might be no need to worry yourself with on that because the drums that your suppliers use in bringing the spirit can also serve as your tank.

And although ethanol is not as flammable as gasoline fuel, it still doesn’t mean it’s not highly is highly flammable.

So always make safety a priority by making the vicinity of your warehouse a ‘no smoking zone’. Otherwise, you will be in for a loss.

2. Get your trucks

The importance trucks in this business cannot be overemphasized because it is the trucks that will serve the purpose of transporting your stock from the port to your warehouse and from there to the various destinations of your customers.

However, it is advisable to have your personal trucks instead of hiring one whenever you need to make your business runs.

Hiring truck each time you want to supply your product will end up costing more as time goes on. So if it means getting an additional loan to get one, then you have to get it. And apart from the fact that it is economical, it is also convenient for you.

3. Get the importers contact

If you really want to make it big in this business, it is here that is you’re expected to lay the foundation.

According to recent studies, there are hundreds of importers of ethanol in the world today. This gives you the opportunity to compare prices and quality. You can get contact of importers from the United States, Brazil, China and Indonesia.

All you need do is to browse the internet and you will be given what you need to get in touch.

4. Hire competent hands

You won’t be hiring more than three people for a start. All you need is just two warehouse boys, an accountant whose role you can play, and a driver to drive the truck.

5. Get a reliable supplier

Although this is supposed to come second on the list after getting a warehouse, it is coming last. But does it really matter? Well, I don’t think so.

You can always get ethanol suppliers from around the country, but it is advisable to get within your locality for easy movement of products.

Nevertheless, the internet will help you reach them in no time.

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