Tazzmanian speaks candidly about his company's waste plastic problem & JBI's P2O solution

sorry i dont remember who asked me but i have been poking around some on the docks at our facility

the guys here say our bales of plastic weigh about 500 pounds each and are stacked 2 x 2 in the truck meaning 2 wide by 2 tall

i think these trailers are 48 feet long so we fill each trailer with 32 bales of scrap plastic which works out to about 10 tons a week like i said

in JBIs video the plastic is already shredded and i know we don't do that on our end so by process of elimination the shredding is done on your guys end

our management must have decided that trucking the waste plastic up to JBI is less expensive then having to pay for it to be hauled off here and we are giving it to them for free which is another benefit i know some one said JBI could charge us to take it but that would defeat the purpose of providing a financial alternative to what we have now

on a selfish note there are a bunch of us in the office that have all gotten or are getting stock accounts because HR said they can not buy JBI for our401s until JBI is on the nasdaq or amex stock exchange

sorry to see the sp under a dollar but happy about it too because we can get more for 80 cents

i have to laugh at some of the arguments on this board everyone here who posts all day must be retired already

to answer your questions first of all we bale our stuff and it goes into a tractor trailer that sits off the loading dock where it goes from there i don't know i also don't know if contracts with JBI have been finalized that kind of info we don't get in my office but we do know that we will be doing business with JBI for our plastic scrap

the dock guys couldn't give me freight costs but my brother said our area is at the high end of the tipping fees scale

he said depending on the landfill they can get up $170.00 a ton for industrial waste which is what we qualify as i think industrial is classified by the size of your facility but not really sure

most landfills i know about charge around 150.00 a ton for commercial waste so i did some figuring last night

to transport 1 of our trailers filled with plastic to the Niagara p20 from our location according to a freight calculator will take maybe 2 days and that cost will run almost $1500.00 a week in transport costs so that's $6000.00 a month to give JBI our stuff

the flipside to that is paying for hauling to a landfill and i believe we get charged something close to $3200.00 a week so the advantage for us is to give it to you guys

so giving it away at $1500.00 a week versus paying for it at $3200.00 a week we will be saving 50% a week

WOW we can save $72000.00 a year giving JBI our waste plastic

and we have 8 facilities between Illinois to Jersey so that would equal almost $600,000.00 in savings per year for us

man the more i look into it the more i like this company

about the plastic we use at the Jersey facility we use heavy polyethylene #2 low density polyethylene #4 and polypropylene #5

some of our other facilities use 6 of 7 types of plastic for different things we don't have any #1 polyethylene terephthalate

i dont know when any p20s will come to Jersey but the way my brothers work place is hopping it would really make sense to have a string of them here

he drives a front end loader at a transfer station and his job is to drive over the plastic crushing it blowing the caps off so it doesn't combust and explode from the weather while in transport to Pennsylvania

i talked to one of our managers and showed him my breakdown he liked the numbers but said we will be using rail freight instead of over the road because the railroad can take more weight and the savings will be another 35% on top of what i figured

so just our company will be saving almost $800,000.00 a year when all the facilities are on board sending our waste to JBI

and im sure that number will drastically increase when there are p20 machines closer to our different locations

and thats just us p20 has to have other companies signing on too

what a great invention really so practicle form all aspects of it

im getting excited and i dont know that much about it yet

have great weekend everyone