Which documents required for oxygen plant business for Industrial and Medical? This is the perfect time to enter oxygen gas business if you are not already doing it. It is rare that persons with entrepreneurial bent of mind miss opportunities offering excellent returns on their investment. Providing oxygen in the present scenario is one such bet that you can lose only at the cost of losing a long term business with huge potential?
Government is seriously working on increasing the production capacity of medical oxygen in the wake of looming 3rd wave of COVID-19. We are now in the first week of July of 2021 and it is being projected that the wave might set in during the month of August.
This calls for proactive action in order to organize the setting up of the medical oxygen plant, which requires quite a bit of time to manufacture and install at your site.
The license for medical oxygen can be obtained from the office of State Drugs Controller Food & Drugs Administration. For industrial oxygen gas business you will have to get PESO (Petroleum & Explosives Safety organisation) headquartered in Nagpur (Maharashtra) that regulates safety protocols for gas cylinders and pressure vessels.
After submitting the required documents, you will get both medical and PESO licenses within the stipulated period of time. Before we talk about how much investment we need to make it is essential that we know how to go about installing a medical oxygen plant.
However, it is recommended that you avail a detailed project feasibility study from a reputed consultancy. The report will equip you with the vital information required for running the business.
It will provide you with technical information such as land use requirements, governmental permissions, options for financing, market trends, budget, etc. And you must purchase the plant machinery from a reputed oxygen plant manufacturing brand such as UNIVERSAL.
Pressure swing adsorption (PSA) and cryogenic distillation based are two of the most popular technologies used in the manufacturing of medical oxygen plants. The former is based on the adsorption technique where nitrogen is stuck in the zeolite molecular sieves while oxygen passes through and is collected as a product gas.
Cryogenic based technique takes atmospheric air which is then filtered and compressed in the air compressor. The process starts with the intake of atmospheric air which is liquefied and separated on the basis of different boiling points of oxygen and nitrogen. After distillation in the low pressure distillation column, oxygen is collected as a products gas.
What is Cryogenic Process!
Cryogenic bases plant is better suited as it comes with a cylinder filling system and can generate very high purity up to 99.7%, which is not possible with other techniques. Moreover, it offers you the option to generate oxygen in both gaseous and liquid forms.
- Budget required for installing medical oxygen plant
Cryogenic based medical oxygen plants are offered in capacities ranging from 50m3/hr to 1000m3/hr. To give an idea about the prices and capacities, 50m3/hr O2 plant can fill 200 cylinders (6m3) per day and would be priced around 1.85Cr to 1.95 Cr. Installation would require 6000 sq ft area with 120kw electricity connection.
On approaching the manufacturer, you will be provided with prices of the higher capacities. No denying the establishing medical oxygen business is capital-intensive but is highly lucrative especially when wave after wave of COVID-19 is threatening the planet.
- Perspective on growth of oxygen business in the near future
It has been over a year since the world was overcast with the threat of the pandemic virus. It is a foregone conclusion that the COVID-19 virus is here to stay. End of the spread of the virus is nowhere to be seen with newer variants of it appearing quite regularly.
At the time of writing, the Indian government is busy in preparing for the onset of the third wave which is likely to be spread by Delta variant. Scientific consensus states that virus is here to stay and we should adapt our lifestyles accordingly. Demand for oxygen will continue to increase steadily during this decade.
