0685d3e0-7705-4e4f-ba13-49b91351aca020210209094000646wseamdt@crossref.orgMDT DepositWSEAS TRANSACTIONS ON BUSINESS AND ECONOMICS1109-952610.37394/23207http://wseas.org/wseas/cms.action?id=4016211202021120201710.37394/23207.2020.17http://wseas.org/wseas/cms.action?id=23182A Business Model for Producing Clean Energy in Developing CountriesNgo ChiThanhFaculty of Economics and Businesss Administration, Head of Technology and Science Management Department, Hong Duc University, VIETNAMNguyen DuyDatThuongMai University, Ha noi, VIETNAMNguyen DacAnh ChuongVan Lang University Ho Chi Minh City, VIETNAMDinh TranNgoc HuyInternational University of Japan, Niigata, JAPAN - Banking University Ho Chi Minh City, VIETNAMSimilar to other business projects, clean energy projects also has orientation for profit maximization in developing countries. Environmental problems caused by industrial wastes have been becoming serious issues in developing countries. Hence, recycling industrial wastes, in order to create more renewable and clean energy, has been recognized as one of ways to reduce adverse impact of global warming and negative effect of greenhouse gases. According to statistics, Viet Nam discharges about 400,000 tons of waste tires annually and this number in the US is estimated about 4,200,000 tons per year (source: vnu.edu.vn). This creates many environmental issues. Hence, this paper aims to propose a business model to solve problems mentioned below in the paper. Building a tire shredding plant in California, USA (for example) to cut the whole tires into small shredded tires then export to developing countries like Vietnam is one method to convert wastes into clean energy and protecting our environment. This is one main objective of this research paper. Another purpose of this study is to find out a financial model to evaluate socio-economic values of renewable energy projects that help to protect our environment, as well as a modern viewpoint of not including or adding (+) new debt issuances to increase net cash flow when estimating FCFE cash flow. Using pyrolysis technology to crack carbon linkage into smaller linkages, and then convert waste tires into renewable energy (FO-R oil, carbon black and steel). This is an application of chemical engineering. Through the economic and technical analysis of this model, we can see the practical benefits of the energy project in terms of economic efficiency, profitability, which bring surplus value for investors, effective solutions for customers and a quality energy product for the society. And it also suggest the relevant government of developing countries to consider proper policies to encourage environment protection and businesses in the field of converting industrial wastes such as tires into clean energy.226202022620207584https://www.wseas.org/multimedia/journals/economics/2020/a185107-086.pdf10.37394/23207.2020.17.9http://www.wseas.org/multimedia/journals/economics/2020/a185107-086.pdf10.1007/s40518-014-0019-0Ali, A, and Melanie L.S (2014), Waste Tire Pyrolysis: Influential Parameters and Product Properties, Current Sustainable/Renewable Energy Reports, 1(4): 129-13510.4172/2252-5211.1000361Elshokary S, Faraga S, Abuelyazeed O, Hurisso B, and Ismail M (2018), Upgrading of Waste Tiers Pyrolysis Product: State-of-the-Art, International Journal of Waste Resources, 8(4) 10.1016/j.jaap.2017.12.016 Han J, Li W, Liu D, Qin L, Chen W, and Xing F (2018), Pyrolysis characteristic and mechanism of waste tyre: A thermogravimetry-mass spectrometry analysis, Journal of Analytical and Applied Pyrolysis, 129: 1-5 Hirenkumar M.P, and Tushar M.P (2012), Emission Analysis of a Single Cylinder Fuelled with Pyrolysis Oil Diesel and its Blend with Ethanol, IJEST , 4: 2834 -2838 10.5772/31535Kalitko U (2012), Waste Tire Pyrolysis Recycling with Steaming: Heat-Mass Balances & Engineering Solutions for By-Products Quality, MAterial Recycling - Trends and Perspectives, Intech Open, 214-236.10.1155/2016/5137247Nahian, M.R, and Islam M.N (2012), Improvement of Waste Tire Pyrolysis Oil and Performance Test with Diesel in CI Engine, Journal of Renewable Energy, Vol 2016.10.30955/gnj.001907Ozcan H.K, Ongen A,and Pangaliyev Y (2017), An Experimental Study Of Recoverable Products From Waste Tire Pyrolysis, Global NEST Journal, 18(3): 582-590.Rani S, and Agnihotr R (2014), Recycling of Scrap Tyres, International Journal of Materials Science and Applications, 3: 164-167.10.1016/s0165-2370(99)00017-0Roy C, Chaala A, and Darmstadt H (1998), The Vacuum Pyrolysis of Used Tyres End use of oil and carbon black product, Journal of Analytical and Applied Pyrolysis, 51: 201-221.10.1080/10473289.1995.10467415Wey M.Y, Liou B.H, Wu SY, and Zhang CH (2012), The Autothermal Pyrolysis of Waste Tires, Journal of the Air & Waste Management Association, 45(11): 855-863.https://ramboll.com/services-and-sectors/energy/waste-to-energyhttps://masdar.ae/en/masdar-clean-energy/technologies/waste-to-energy10.9770/jesi.2020.7.4(10)Pham Tuan Anh, Dinh Tran Ngoc Huy, Bui Thi Thu Loan, Analysis of a Financial Model for Converting Industrial Waste Tires into Clean Energy for Environment Protection - A Model in Developing Countries, WSEAS Transactions on Environment and Development, Volume 15, 2019, pp. 447-454Rania Rushdy Moussa, The Effect of Piezo-Bumps on Energy Generation and Reduction of the Global Carbon Emissions, WSEAS Transactions on Environment and Development, Volume 15, 2019, pp. 430-437. 10.37394/232015.2020.16.3Jorge Andres Navas Guzman, Bruno Ramon Batista Fernandes, Mojdeh Delshad, Kamy Sepehrnoori, Jose Francisco Zapata, Evaluation of Polymer Flooding in a Highly Stratified Heterogeneous Reservoir. A Field Case Study, WSEAS Transactions on Environment and Development, Volume 16, 2020, pp. 23-3310.9770/jesi.2020.7.4(10)Pham Tuan Anh, Dinh Tran Ngoc Huy, Bui Thi Thu Loan, Analysis of a Financial Model for Converting Industrial Waste Tires into Clean Energy for Environment Protection - A Model in Developing Countries, WSEAS Transactions on Environment and Development, Volume 15, 2019, pp. 447-454