Feasibility Study on Setting Up an Environmental Laboratory

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FEASIBILITY STUDY FOR THE ESTABLISHMENT OF
STOOK ENVIRONMENTAL SERVICES COMPANY

BY
KAYODE, STEPHEN OLUWATOBI
166277

A SEMINAR SUBMITTED TO THE DEPARTMENT OF CHEMISTRY, UNIVERSITY OF IBADAN, IBADAN

IN PARTIAL FULFILLMENT OF THE REQUIREMENT FOR THE AWARD OF MASTER OF SCIENCE (ENVIRONMENTAL CHEMISTRY AND POLLUTION CONTROL) M.Sc. (ECPC)

JANUARY, 2013
1.0 EXECUTIVE SUMMARY
As globalization continues and the earth’s natural processes transform local problems into international issues, few societies are being left untouched by major environmental problems like flooding, global warming, strange death of humans and animals, loss of biodiversity among others. This outcome of the global environmental disasters have produces a bloodstone to the establishment of STOOK Environmental Services Company (SESC) to meet-up with the need for a clean and safe environment towards a sustainable development and profit maximization which is basically the idea behind the project.

The Company
The name STOOK was coined from the first letter of each of the Managing Director’s full-name (Stephen Temitope Oriyomi Oluwatobi Kayode). STOOK Environmental Services Company proposed location is at 4, Fatai Oko-Oloyun Avenue, Hotel Bus Stop, along LASU road, Igando, Lagos, Nigeria. Our aim is to meet the need of industries, agencies, and living-homes as related with environmental; management, planning, compliance and monitoring, by offering broad base of environmental services geared toward protecting the earth resources while working in concert with industry to help meet the needs of today's growing society, but keeping the clients goals at fore-front. Services

Our business principles shall rely on Quality, Honesty, Truth and Integrity. SESC’s Services shall be independent, reliable and conducted in accordance with global business ethics and code of practice. SESC Laboratory intends to specialize in analysis and data acquisition from soil, water, air, sediments, ecological and construction materials. Operating Strategy

We shall place a lot of values on providing standard services to our customers by carrying out analysis on all samples using officially approved test methods such as: ASTM (American Society for Testing and Materials), BS (British Standards), EPA (Environmental Protection Agency), APHA (American Public Health Association), AOCS (Association of Official Analytical Chemists), NBS (National Bureau of Standards), API (Association of Petroleum Industry) and In-house methods.

Quality Assurance Policy
STOOK Environmental Services Company is committed to providing its clients with the highest quality data in soil, air, water, sediments, ecological and environmental sample analysis. we recognizes that data produced by our laboratory will often be used to make important and expensive decisions or as evidence in law courts. Thus the quality of data is of paramount importance and cannot be compromised.

Market analysis
The Nigeria population currently estimated between 150 and 160 million provides huge market for Environmental services company to mitigate the pressure mounted on the natural environment and resources by the populace activities. Main Competitors

Direct competitors are essentially non-existent in Alimosho LGA but a stiffer competition comes from organization that are also sited within Lagos state; such as FUGRO Plc, DESCO Environmental Services Company and the Lagos State Ministry of Environment Laboratory who also have a similar value proposition with SESC and have some degree of first-mover advantage over us. However, SESC will outwit them with her customer services, unique way of reporting result and constant follow-up of customers and potential clients. Indirect competitors are SALAMASOR Plc and ABRAHAM SOLOMON manufacturing company which are in the same axes with the proposed site of SESC. They have a Laboratory that offers environmental sample analysis. However, their services are more costly, not...
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