Friday, December 23, 2011

JBII - Multiple Deals in a Week and a New CFO

Multiple Deals in a Week and a New CFO (PINK:JBII)

Getting a New, Experienced CFO at the Helm Always Inspires…
By Dennis Askew

Published: December 23, 2011 9:07:43 AM PST

JBII $1.99 +$0.36 +22.09%

With Oil topping $100 a barrel today fueled by those anxious bears, JBI, Inc. (PINK:JBII) is just positioned in the right place, at the right time to benefit as fuel and fuel technology are destined to be ‘hot button’ issues in 2012.

The Company’s proprietary Plastic2Oil converts plastic into liquid and gaseous fuels and that’s where the deals this week have emerged from: Energy.

But JBII isn’t a ‘one trick pony’ with three other units to generate revenue streams: It owns 100% of Javaco, a retail and wholesale distributor of equipment, hardware and tools for maintenance and construction.

The Company also owns 100% of Pak-It which manufactures cleaning chemicals, and owns two patents that allow for delivery of condensed cleaning chemicals in water soluble film, used in industrial cleaning operations. The JBII Data Business is involved in reading old magnetic tapes, interpreting, and restoring the data where necessary and transferring the recovered data to storage formats used in current systems. That’s a good business.

A busy week…

On Monday JBII announced the appointment of Matthew J. Ingham as the Company's Chief Financial Officer ("CFO") and shareholders always find a new person ‘in charge of the books’ to be inspiring. I do as well.

Wednesday JBII announced the signing of a long-term fuel supply agreement for its Plastic2Oil products with Indigo Energy Partners, a wholesale distributor of petroleum products and renewable fuels that utilizes an expansive network of distribution terminals and bulk plants across the U.S.

Today JBII announced the signing of a multi-year transport fuel supply agreement with XTR Energy Company Limited, an independent retail petroleum brand for regular and premium gasoline and diesel products in Canada. XTR will be purchasing Regular Transport Gasoline, Premium Transport Gasoline, and Diesel Ultra LS Clear gasoline from JBII.

On Nov 25 the stock was trading at $0.99 and is currently trading in the $2 range; a gain of 102% in a little less than a month.

I haven’t, don’t, and do not intend on holding any of the companies mentioned in this article.

http://www.smallcapnetwork.com/Multiple-Deals-in-a-Week-and-a-New-CFO-PINK-JBII/s/via/14/article/view/p/mid/1/id/447/

Multi-Year 'Transport Fuel' Take-Off Agreement With XTR Energy


THOROLD, Ontario, Dec. 23, 2011 (GLOBE NEWSWIRE) -- JBI, Inc. (the "Company") (OTCQX:JBII) is pleased to announce today the signing of a multi-year transport fuel supply agreement with XTR Energy Company Limited ("XTR Energy").


XTR Energy is one of the largest and fastest growing independent retail petroleum brands for regular and premium gasoline and diesel products in Canada. XTR Energy focuses on well-priced products, timely deliveries and innovative customer retention programs. This focus has enabled XTR Energy to establish network locations in Ontario, Nova Scotia, New Brunswick, P.E.I., Manitoba and Saskatchewan.


XTR Energy will be purchasing Regular Transport Gasoline, Premium Transport Gasoline, Diesel Ultra LS Clear and other acceptable road transport products from JBI, Inc. These products are the fuel output of JBI, Inc.'s Plastic2Oil(R) ("P2O") process, which will then be blended and made available through the Company's Blending Site in Thorold, Ontario ("Thorold Terminal").


"XTR Energy looks forward to acquiring products from JBI, Inc. in Ontario and across Canada. This new relationship is directly aligned with XTR Energy's strategic objective to have a diversified secure supply of quality petroleum products from a variety of sources to meet the growing demands of the XTR Energy network and preferred customers," stated Ken Wootton, President of XTR Energy, upon signing the agreement.


"We were attracted to XTR Energy because of their corporate values and distribution reach across much of Canada," commented John Bordynuik, CEO of JBI, Inc. "They are committed to green alternatives, high operational standards and maintaining long-term winning relationships with both their customers and suppliers."


The agreement with XTR Energy is a step forward in achieving the Company's vision of becoming a vertically integrated plastic recycling, fuel processing and fuel distribution company. It allows the Company to utilize the value of one of its key assets, the Thorold Terminal, a registered and licensed TSSA fuel blending and distribution facility with fuel storage capacity in excess of 250,000 U.S. gallons.


z

Wednesday, December 21, 2011

Long Term Fuel Supply Agreement with Indigo Energy!!

Note: If you notice the first bolded sentence....it implies that they no longer have to spend time on marketing. i.e. they now have a buyer for all they can produce.


JBI, Inc. (the "Company") (OTCQX:JBII) is pleased to announce today the signing of a long-term fuel supply agreement with Indigo Energy Partners, LLC ("Indigo Energy").

Indigo Energy is a service-driven, wholesale distributor of petroleum products and renewable fuels that utilizes an expansive network of distribution terminals and bulk plants across the continental United States.

Under the terms of the agreement, Indigo Energy will off-take No. 6 Fuel Oil, from the JBI, Inc. Plastic2Oil ("P2O") facility in Niagara Falls, NY.

The timing of this agreement in the early stages of the Company's growth allows it to focus singularly on increasing production and growing capacity, instead of the marketing and distribution of its fuel products.

"We are very impressed with JBI, Inc.'s proprietary technology and the quality of their fuel products," stated Martin N. Underwood, Jr., COO of Indigo Energy. "Additionally," continues Mr. Underwood, "We feel this partnership is a natural fit for both companies and we look forward to bringing JBI, Inc.'s products to market as they expand production capacity to future plants across the U.S."

John Bordynuik, CEO and Founder of JBI, Inc., commented, "We are excited about this partnership on several levels. First of all, we are proud to be affiliated with a company with the profile of Indigo Energy; a company which believes that green fuels can make a significant contribution to supplying clean, reliable energy."

"Secondly," continues Mr. Bordynuik, "After securing plastic feedstock supplies and creating a commercially viable, 'green' process for transforming plastic into oil, this agreement fulfills the final stage of our business growth plan, the distribution of our ultra-clean, ultra-low sulphur fuel to end-users."


z

Thursday, December 15, 2011

Rock-Tenn Site Receives Air Permit Exemption




JBI, Inc. Receives Air Permit Exemption

THOROLD, Ontario, December 15, 2011 (GLOBE NEWSWIRE) – JBI, Inc. (the "Company") (OTCQX: JBII) is pleased to announce it has received an exemption from air permitting by the environmental protection agency in the state where the initial Rock-Tenn Company (“RockTenn”) Plastic2Oil ® (“P2O”) site is being constructed.

During September 2011, the Company proposed and submitted an application for exemption of an Air permit and met with several of the state’s environmental engineers. The Company also presented before the environmental committee, which was composed of citizens, environmental engineers and permit engineers.

The permit determination for the first facility was issued Tuesday, December 13, 2011. The environmental permit authority made the determination that this facility does not need an air permit and that the proposed project will comply with all applicable local, state and federal air pollution regulations.

Additionally, the Company will not require a Waste permit, because the plastic being processed is already located on-site.

The permit authority requested that a stack test be conducted on the first P2O processor installed in its jurisdiction.

This permit exemption was determined prior to the recent stack test performed on the P2O processor by Conestoga Rovers & Associates on December 5-6, 2011, which produced results showing emissions decreased with increased plastic feed rates; further validating that the P2O process is highly “green,” clean and scalable.

“The extra time we took to make enhancements to our processor during Q2 and Q3 to maximize its efficiencies and reduce emissions is now starting to pay dividends as we expand into other states,” stated CEO John Bordynuik.

The Company is excited about the next stage of this project, which includes securing permits for construction and operation of this site.


z

Wednesday, December 14, 2011

Pure Energy Systems News applauds JBI's Plastic2Oil Technology

JBI's Plastic2Oil Technology Turns Waste Into Fuel

Tuesday, December 13, 2011 4:24

The Ontario, Canada based company, JBI is actively using a technology called Plastic2Oil, which converts waste plastic into low sulfur fuels -- such as diesel, furnace oil, and fuel oil. Although it's not a panacea solution to the energy crisis, their technology addresses the issue of what to do with plastic waste.

by Hank Mills
Pure Energy Systems News


To continue surviving on this planet, our civilization needs radical, game changing energy technologies to enter the market place. Without such technologies, human civilization is going to collapse -- perhaps sooner than we think. However, in addition to truly exotic energy technologies, there are more mundane technologies that could help us deal with various issues we are facing. One big issue that mankind needs to sort out, is the massive amount of waste we produce. This is a huge problem, because the easiest solutions -- burying, dumping, or burning the waste, are not environmentally friendly.

JBI's Plastic2Oil technology may provide a solution of what to do with the huge amount of plastic waste we produce. As JBI points out on their website, plastic waste is one of the least recycled types of waste (with only 7% of plastic waste being recycled in 2009). It is also a type of waste that is constantly increasing. In fact, each year the USA produces 30 million tons of plastic waste. The Plastic2Oil technology can turn this huge amount of waste into a number of different low sulfur fuels, such as diesel, furnace oil, and fuel oil. It can do so in a very environmentally "green" way, while consuming relatively little energy.

The technology is not that complicated. As feedstock, it can accept a wide range of plastics, including those that are unsorted, unwashed, or difficult to recycle. The main source of plastic waste the company is using at this time is from industrial sources that produce huge amounts of waste annually. In fact, some of these companies send the waste to plastic only landfills that can be mined to obtain the needed feedstock. Once the material is obtained, it can be cut up into small chunks before it is utilized, but recent advancements have led to the ability of putting larger pieces of plastic directly into the system.

To start the process, 1800 pounds of waste is loaded into a hopper with a forklift. Examples of the materials being loaded can include plastic fuel tanks, car bumpers, component holders, product packaging, pharmaceutical packaging, and agricultural film. Once the hopper is in the reactor, natural gas is burned to generate heat and get the process started. At this point a catalyst helps break the plastic hydrocarbons into shorter chain of molecules. The off-gases that are not going to be collected as fuel are used to produce heat and keep the process going. This limits the external energy required to only 67 kilowatts, which is used to operate pumps and fans. As the process continues, the fuel oil and diesel are condensed from a gaseous state into a liquid state, and are collected. They are placed into temporary fuel tanks. During the process an automated system controls everything.

It only takes less than one hour for the system to process 1,800 pounds of plastic waste. Over 90% of the hydrocarbons in the plastic are recovered, and turned into fuel. For every 8.3 pounds of waste that entered the system about one gallon of fuel is produced. The fuel is considered to be high quality, because it contains little sulfur. Only 2% of the weight of the plastic remains as solid waste in the form of carbon. This carbon can actually be burned, and has a heating value of 10,600 BTU/lb.

The whole Plastic2Oil process is also green in that emits very little pollution into the atmosphere -- about as much as a natural gas furnace of the same size. In fact, 14.87% of the gas emitted into the atmosphere is oxygen. Due to the minimum harmful emissions released, filters and scrubbers are not needed. Although some small amount of pollution is being emitted, it is far less pollution than if the plastic was shipped off to China to be burned.

An entire Plastic2Oil plant is stated to only be 2,000 square foot in size, and requires 3,000 square foot of operating space. There is a height requirement of 24 foot.

Perhaps the only negative I see is that the company does not have a positive cash flow, according to their website. I find this odd, due to the fact they get the plastic feedstock for free. It makes me think the process may be expensive. Also, they are charging a customer $109.80 dollars a barrel for their fuel. This does not seem like a cheap price. However, there may be other issues we are not aware of that is preventing them from having a positive cash flow. Perhaps one answer might be they are investing a lot of money into expansion. This could be the case, because the website claims their current priority is to install two more processing plants at their Niagara Falls facility, and three more at another site.

I think a technology like this one has promise, both now and in the future. Even after exotic energy technologies like cold fusion have entered the marketplace, we will be using oil as fuel for a number of years. Even after we stop using fossil fuels, we will still need oil to make fertilizer and plastics.

Maybe with cold fusion or other exotic energy technologies bringing the cost of energy down to near zero, a company like this one could sell their product at a lower cost. With near zero cost energy, mining landfills for plastic would be cheaper, and transporting the plastic to the site would also cost less.

More immediately, I think they could benefit from buying a few E-Cats from Leonardo Corporation to supply heat to start off the process, instead of using natural gas.

Regardless as to the cost of this technology, I like the idea of removing plastic from landfills. I think it would be great if we could combine robotics technology with free energy technologies, and sort all the different recyclable materials -- metal, glass, plastic, etc. If free energy technologies proliferate and keep civilization advancing (instead of crashing), I'm sure that this will take phttp://www.blogger.com/img/blank.giflace.

With billions of people on this planet, we need to learn to start doing something with the waste we do not recycle, other than burying it or burning it. Now we have an answer about what to do with the plastic waste we produce.

http://beforeitsnews.com/story/1503/241/JBIs_Plastic2Oil_Technology_Turns_Waste_Into_Fuel.html

Tuesday, December 13, 2011

Waste Management World Discusses JBI Progress

Canadian Plastic to Oil Company Tests New York Facility

13 December 2011

Ontario based Canadian waste plastics to oil specialist, JBI has successfully completed its final Plastic2Oil (P2O) Stack Test performed by environmental engineering consultants, Conestoga-Rovers and Associates (CRA) on its P2O commercial processor in Niagara Falls, New York.

According to JBI the stack test measured emissions from the processor vent and was observed by the New York Department of Environmental Conservation (NYSDEC) who were present during testing.

The company said that three stack tests were performed on the existing commercial processor with a pre-melt system.

Unwashed, unsorted waste plastics, including various industrial plastics and gas tanks from end of life vehicles, were used as feedstock for the testing. According to JBI this type of feedstock is consistent with the day to day waste plastic that the processor is currently converting into fuel.

The P2O process works by cracking plastic hydrocarbons into various shorter hydrocarbon chains which exit the reactor in a gaseous state. The company said that its proprietary catalyst and process engineering enables it to capture nearly 90% of the hydrocarbon content of difficult to recycle waste plastic.

The stack tests were conducted at feed rates of 3258 lbs/hr (1478 kg/hr), 3233 lbs/hr (1466 kg/hr) and 3932 lbs/hr (1784 kg/hr) respectively.

Ultimately, the company claimed that the test results proved that emissions decreased with increased feed rates, validating its P2O technology as a "highly green" and scalable process.

Furthermore, the company said that the addition of the pre-melt system, which was designed and installed in earlier in the year, greatly improved feed rates for the process. Draft emissions data was provided by CRA staff following the completion of each test. Emissions were said to be significantly reduced through more efficient and higher combustion of the off-gas generated by the process.

According to JBI the final average emissions for 3,923 lbs/hr were 15.97% O2, 3.05% CO2, 3.1ppm (parts per million) CO, 15.1 ppm NOx, 2.88 ppm TNMHC and 0.02ppm of SO2. The NOx emission was approximately one-fifth that of the original P2O processor tested 1 year ago.

The company added that the P2O processor did not have any stack filters or scrubbers and 'In-spec' end-user fuels produced were also tested and verified as ultra-low sulphur.

JBI said that it anticipates receiving final reports from CRA after audit and peer reviews of the testing are concluded. These reports and permit modifications, which allow a higher feed rate, will be filed in accordance with NYSDEC permit regulations.

The company said that it believes the successful stack test results will aid significantly when seeking permit exemptions in other U.S. states, and that the results will contribute to maximising production at the existing New York processing plant.


http://www.waste-management-world.com/index/display/article-display/3271602772/articles/waste-management-world/waste-to-energy/2011/12/Canadian_Plastic_to_Oil_Company_Tests_New_York_Facility.html

Friday, December 9, 2011

Final Stack Test Passed. 281 Barrels/Day* Output!

JBI, Inc. Successfully Completes Its Final P2O Stack Emissions Test


THOROLD, Ontario, Dec. 7, 2011 (GLOBE NEWSWIRE) -- JBI, Inc. (the "Company") (OTCQX:JBII.PK - News) announces the successful completion of its final P2O Stack Test performed by Conestoga-Rovers and Associates ("CRA") on the Company's Plastic2Oil ("P2O") commercial processor. The stack test, which is a measure of emissions from the processor vent, was conducted by CRA beginning on December 5, 2011, with completion on December 6, 2011. The New York Department of Environmental Conservation ("NYSDEC") was also present during testing.

Three stack tests were performed on the existing commercial processor with a pre-melt system. Unwashed, unsorted waste plastics, including various industrial plastics and gas tanks from scrap cars, were used as feedstock for the testing. This type of feedstock is consistent with the day-to-day waste plastic that the processor is currently converting into fuel.

The stack tests were conducted at feed rates of 3,258 lbs/hr, 3,233 lbs/hr and 3,932 lbs/hour respectively. Ultimately, the test results proved that emissions decreased with increased feed rates, further validating that P2O is a highly "green," clean and scalable process. The addition of the pre-melt system, which was designed and installed in Q3, greatly improved feed rates for the process.

Draft emissions data was provided by CRA staff following the completion of each test. Emissions were significantly reduced through more efficient and higher combustion of the off-gas generated by the process.

Final average emissions for 3,923 lbs/hr were 15.97% O2, 3.05% CO2, 3.1ppm (parts per million) CO, 15.1 ppm NOx, 2.88 ppm TNMHC and 0.02ppm of SO2. The NOx emission was approximately one-fifth that of the original P2O processor tested 1 year ago.

The P2O processor did not have any stack filters or scrubbers.

"In-spec" end-user fuels produced were also tested and verified as ultra-low sulphur.

Management anticipates receiving final reports from CRA after audit and peer reviews of the testing are concluded. These reports and permit modifications, which allow a higher feed rate, will be filed in accordance with NYSDEC permit regulations.

The Company believes that the successful stack test results will aid significantly when seeking permit exemptions in other U.S. states. Additionally, the Company believes that these results will contribute to maximizing production at the existing New York processing plant.


*281 Barrels/Day based on 3,932lbs/hr at 8lbs to the gallon = 491.5 Gallons/hr. Divided by 42 = 11.7 Barrels/hr times 24 = 281 Barrels/Day.

Furthermore, assuming $100/Barrel revenues that works out to $10M revenues/year per processor.

z

Friday, November 11, 2011

Rawnoc opines on why JBII has massive upside potential

ALL HEAVEN IS GOING TO BREAK LOOSE -- WISE UP


JBII has developed what many of us believe is the first and only economically viable green energy process in history that takes free waste plastic that would normally be sent to landfill and converts it into consumer-read spec diesel fuel and fuel oil #6 that is better performing and cleaner than fuel from refineries. Trillions of dollars have been spent around the world trying to develop a green alternative energy that's actually economically viable without government help AKA self-sustaining and truly a substitute. JBII has done it. They are the first and the only in history -- while at the same time having the first and only true viable solution to the terrible plastic waste problem. When the world figures this out that JBII can make a killing solving two huge problems, which they will, ALL HEAVEN IS GOING TO BREAK LOOSE.


JBII is close to or done perfecting the design of their first commerical-scale plastic2oil processor with a "plug and play" design to allow for massive and rapid expanion to unleash an army of their processors around the world. Just to start, JBII has recently signed a 10 year exclusive contract with NYSE: RKT to house processors since their facilities and feedstock generated each day can support hundreds of processors.


The process has very few costs -- free feedstock, the off-gas from the feedstock energizes the system so the energy to run it is almost entirely free, and the fuel produced is extremely valueable. The process is almost entirely automated so even labor costs are almost nothing. The result is the design of what many of us think will quickly prove to be a massively profitable process creating fuel at extremely high profit margins.


JBII is currently building/installing 2 more processors for their current plant in Niagara Falls, NY and 3 processors for an initial NYSE: RKT site. Many of us believe those 2 extra processors alone producing and selling fuel along with the 1st will make enough profits from each barrel of fuel sold to make the entire company profitable. From there, many of us expect a massive rollout as making carbon copies of the plastic2oil processors designed "modular rack, plug and play" style should be a cake walk. Think Red Box type of business mode -- once they knew a single red box machine was profitable and easy to duplicate, they blanketed North America with their machines.


JBII has been heavily endorsed by the Niagara Falls Mayor, 3 New York State senators, NYSE: RKT, New York Department of Environmental Conservation, Islechem, the private R&D lab of NYSE: OXY (both formerly owned and currently hired as), etc. Their fuel has been certfied by Intertek, PetroLabs, Alberta, Resource Council, Southwest Research Institute and bought by NYSE: OXY, Coco Paving, and is currently being tested by others.


When the street figures all this out, many of us think....


ALL HEAVEN IS GOING TO BREAK LOOSE

Tuesday, November 8, 2011

Imperial Whazoo comments on the constant naysayer negative attacks on JBII

You know, raw, the obvious point of all the wet blanket stuff about ragger tail and plastic and purportedly incomplete and/or trickily worded contracts and/or agreements is to attempt to prove the point that what is apparently good news is, in fact, anything but good news.

Fact is that RKT has taken the open, public step to have a social networking presence that trumpets their relationship with JBII. And they have assigned an in house staff person of some rank to be in charge of whatever that social presence is or ends up being.

They have tasked a task and assigned that task and the presence is real.

Period.

Have they taken such a stance with any other entity than JBII?

Have they, people?

Have they?

Obviously not.

The one and only deal of any kind they have made that establishes a path forward for them to generate environmentally friendly future processing avenues is with JBII.

Period.

No other company of any type has any type of contract or agreement or any such thing that even purports to approach the problem of changing the manner in which plastic waste from their factories and processing centers is biodegradably handled or land filled.

Nobody else but JBII.

None.

Zero.

Nada.

Zippo.

There is all kinds of verbage and wording and clever stances that lawyer types can charge fat fees to promulgate but all things being as they ACTUALLY are, there is absolutely no other player in this game except JBII.

Nobody but JBII.

And whether or not some highly paid legal parser of cunning and deceitful wording can post on this or any other blog alleging that there are omissions and gaps and so forth in the agreement/contract, it remains a fact that the one and only player in this ballgame is none other than JBII.

The one and only, folks: JBII

And that's just the simple, plain spoken truth. promulgated by a simple man in a simple place in flyover country where yes means yes, and an obvious contract/agreement that is an establishment of a straightforward business relationship is simply that: the establishment of a ten year, friendly business arrangement that is obviously intended to profit both parties.

Gaps my ass.

Missing phrases and omitted wording and inspecifics my ass.

This is a 10 year agreement with one company: JBII.

It is to open up a new way to handle environmental waste that is now not handled satisfactorily.

It is green

It is clear.

It is not deceitful.

It does not contain omissions and tricks to bankrupt JBII.

It is a well considered, professionally generated, firmly intended & solidly supported new business avenue that is certain to generate profitable outcomes for both RKT & JBII.

Period.

Imperial Whazoo

Wednesday, October 19, 2011

New York State Senator Timothy M. Kennedy recently toured JBI facility

On October 7, 2011, New York State Senator Timothy M. Kennedy (D-58th District) visited JBI, Inc.’s Plastic2Oil facility in Niagara Falls, NY. Senator Kennedy was joined by Nick Dhimitri, his Legislative Director, Rachel Homewood, his District Office Director as well as Bonnie Lockwood, Senior Field Representative for Congressman Brian Higgins (D-NY27) and New York State Assembly candidate (D-145th District), Chris Fahey.


John Bordynuik personally led a tour of the facility, providing an explanation about JBI, Inc.’s P20 technology that also detailed the evolution of the processor’s design.


The visit provided Bordynuik an opportunity to raise awareness about the P20 technology. He received vast support from Senator Kennedy who was able to witness first-hand the local impact JBI, Inc. was contributing to the economy.


“I was blown away by my tour of JBI. The technology is unlike anything I had ever seen,” stated Senator Kennedy. “This energy innovation is opening the door to tremendous opportunities for Western New York. The jobs that will be created will help spur economic growth while at the same time expanding and further anchoring a well-established business and technology in the Empire State.”


As a green technology advocate, Senator Kennedy has sponsored legislation that has been instrumental in helping JBI, Inc. develop its local, green workforce. The occasion marked Senator Kennedy’s first visit to the P20 facility. The staff at JBI, Inc. would like to extend their appreciation to Senator Kennedy and his colleagues for visiting the facility and for their support.


(Shown in photo from left to right: John Bordynuik, Senator Kennedy, Chris Fahey, Nick Dhimitri)


http://www.plastic2oil.com/site/events/1198
/

Tuesday, October 18, 2011

dispoman predicts price of JBII in Oct. 2012

I will be sorely disappointed if JBII is only $10 by October 2012.


Growth stocks sell based on prospective earnings. By that time they should have three processors working in Niagara Falls, and at least 2 or 3 RKT installations of two to three processors each. That should be a minimum. If they can't get at least that amount up and running then they have a serious issue of manufacturing processors. If they do have 10 to 15 processors installed and operating and an ability to at least maintain or increase that rate of adding new operating installations, then the stock should easily be $25 to $50 in a year.


If they can't get them installed and running at least that quickly, then they have a serious issue to contend with. Assuming a conservative 12 operating processors, at a conservative 100 barrels per day, at a conservative 300 operating days per year, at a conservative $60 profit (after costs and income splitting) yields $21,600,000 annual profit with the likelihood of that doubling annually for many years.

neptune69 discusses JBI vs Agilyx "competition" topic

JBI AND AGILYX...

In consideration of the vast worldwide supply of plastic feedstock available to process into fuel, the JBI vs. Agilyx discourse is irrelevant.

In excess of 100 million tons of new plastic feedstock is generated annually on a worldwide basis. The US, by itself, generates in excess of 35 million tons of new plastic feedstock per year. Significantly, and in addition to the aforementioned new feedstock, are the vast quantities of plastic feedstock resident in landfills throughout the world. Given that tens of millions of tons of plastic have been dumped into such landfills for a multitude of years, it is reasonable to extrapolate that there is in excess of one billion tons of plastic residing in landfills, of which a significant percentage may be processed into fuel.

Let's do some simple math...a 20 ton per day JBI processor converts approximately 20 tons of plastic into 109 barrels of fuel. Lets round down to 5 barrels per ton per day. 100 million tons of annually generated plastic equates to approximately $50 billion of fuel sales at $100 per barrel. Furthermore, the landfills composition of in excess of one billion tons of plastic, equates to in excess of $500 billion of fuel revenue.

The JBI vs Agilyx discussion is rendered moot resultant from the vastness of the prospective market. There is ample room for a multitude of competitors to generate extraordinary businesses and market capitalizations as one could reasonably infer from the aforementioned facts and associated analysis.

Even if JBI's technology is currently the most effective, there will be additional competitors in future time periods, but despite such new entrants, JBI will still be more than amply equipped to build a company with significant market capitalization given the huge size of the prospective market, JBI's early entre' into such market, the noteworthy exclusive access to RKT massive plastic feedstock, and future contracts likely to incorporate such exclusivity

Monday, October 17, 2011

Can Plastic Find A Sustainable Destination?


Plastic is probably the most non-green material anyone can mention straight off the top of their heads. But perhaps the damned material can be put to some good, sustainable use after all.

In the United States plastics are made primarily from natural gas. More recently, a growing number of new technologies started to turn non-recycled plastics into crude oil, electricity and other fuels. Many of these technologies are already being implemented on a commercial scale in Europe, Canada and Asia.

One company that promises to turn plastic into energy, and do this cleanly, is JBI's Plastic2Oil. The company emphasizes that its process results in ultra-low sulfur diesel that contains 15 parts per million (ppm), which qualifies it for the label 'clean diesel' since its sulfur content has been reduced by more than 95%.

Patent is still pending on Plastic2Oil's P2O process but in July JBI announced it had entered an agreement with Rock-Tenn to convert mill by-product waste into fuel using Plastic2Oil's trademark technology. The agreement gave JBI exclusive rights to mine plastic from RocTenn's plastic-only monofill sites for several years.

JBI was founded by John Bordynuik, who noticed that plastic waste was growing while working at the Ontario Legislature back in the 1990s. He saw the problem piling up, literally. In the US alone, over 30 million tons of plastic are produced per year and only about seven percent of it is recycled, according to 2009 figures.

"Because of the new "disposable mentality" that came with plastic containers, we now are navigating the fallout of an enormous waste plastic problem, on a global scale. It's complex, it's far-reaching and it's intimately tied to politics and economics", JBI says on its website. Mr Bordynuik recently had the opportunity to present his vision at the TEDxBuffalo conference.

The company is confident that its process has the ability to transform the 93% of unsorted, unwashed waste plastic that is currently diverted or destined for local landfills into clean, low-sulfur fuel. It says it's commercially viable, could bring economic benefits and help government and organizations deal with waste plastic recycling challenges.

Meanwhile, a new study conducted by the Earth Engineering Center (EEC) of Columbia University and sponsored by the American Chemistry Council said there's huge energy potential in non-recycled plastics. In the U.S. it could provide enough fuel for six million cars annually, or 52 million MWh of electricity, which would be enough to power 5.2 million households per year.

"Plastics have a significantly higher energy value than coal," said Prof. Marco J. Castaldi of the Earth and Environmental Engineering Department of Columbia University and Associate Director of EEC. "Capturing the energy value of non-recycled plastics - and municipal solid waste in general - makes good sense because it provides a good domestic form of energy while minimizing impacts on the environment."

One of the questions that these plastic-to-fuel technologies raise is whether using plastic as a raw material for fuel could increase demand for the stuff, and thus perpetuate the cycle. But it's also a fact that despite plastic bag bans being implemented in many places, the material is not going to disappear any time soon. In which case, turning it into energy could prove better than taking it to landfills. The jury is out on this one.

Image credit: Plastic2Oil


z

Friday, October 14, 2011

C&I Magazine Reports on the plastic waste industry


Novel ways with waste

Lou Reade, 10/10/2011

Despite the best efforts of governments, consumers and industry, little more than half of the plastics that we use in everyday life is recovered – and much of it still ends up in landfill.

According to European Plastic Recyclers, which represents plastic mechanical recycling companies, Europe generated around 25m t of post-consumer plastics waste in 2008. In the same year, it converted around 50m t of virgin plastic into products. Of the waste, 51% was recovered. From this 12.8m t, 5.3m t was mechanically recycled and 7.5m t processed by energy recovery. For nations at the top of the recovery list – such as Germany and Switzerland – energy recovery accounts for most of the re-use of plastics.

Of course, we have been forced to improve our recycling efforts because the volume of plastics has mushroomed: in 1950, says EuPR, global plastics production was 1.5m t; by 2008, that figure had ballooned to 245m t.

EuPR separates recycling into three broad types: mechanical, chemical and energy recovery. Energy recovery is simply burning the shredded plastic to use it as a fuel; mechanical recovery grinds up products such as PET bottles or PVC pipes, and uses the material to make new products. PET bottles have been turned into PET fibres for clothing and even carpets, for example.

At its simplest, mechanical recycling happens within a plastics factory: off-cuts from the production process are simply fed back into the machine to make the next batch of products.

But the real issue is what to do with consumer goods – food packaging, toys, medical instruments, car components – once they are discarded. Europe processes around 50m t of plastics into products each year. At the same time, around 25m t of plastics find their way into the waste stream.

There is a thriving market for recycled plastics: many applications, from park benches to bin liners, rely on the lower cost of recycled resins. But applications of recycled plastics are usually all examples of ‘down cycling’ – in which the final use is inferior to the original.

But as plastics processing techniques improve, more sophisticated products can be made – at least partially – from recycled plastics. A growing trend is to make exactly the same product, for a second time. An example is PVC window frames. They can now be made using a ‘core’ of recycled PVC encased in a shell of virgin polymer, which ensures colour stability. The machinery to make these products is quite specialised – and so far, sales of these windows are still small – but one manufacturer, Veka UK, is confident that they will take off. It recently developed its Infinity model, which uses 80% recycled material. The recyclate comes from Veka’s own reprocessing centre, where it recycles PVC window frames.

Plastic pipes giant Wavin has done something similar. Its Recycore technology makes PVC pipes using 50% recycled material – which is contained within a middle layer. The company says that the pipes have identical mechanical properties to those made from virgin material, and are the same price.

But waste plastic has also been used to create completely new products. A large-scale example of this was recently seen in Dubai: donated plastic rubbish was collected and converted into ‘plastic reefs’ – which were sunk into the Arabian Gulf in order to replace lost coral reefs. The reef is also expected to protect the shoreline from erosion and tidal damage.

But a growing – and far more powerful – method of recycling is chemical recovery. This is sometimes called monomer recovery, and is increasingly used as a way of recovering useful materials from plastic waste. It breaks the polymers back into their constituent parts – hydrocarbons – so that they can be used as fuel, or even re-polymerised.

One technique, called T-Technology, was developed by Polish-Hungarian company Pinter & Tokarz. The technique is called Polymer Energy outside Europe, due to a tie-up with US company Northern Technologies.

‘In Poland, around 1.4m t of waste goes to landfill, of which about 100,000 t is artificial materials,’ says Zbigniew Tokarz, ceo of Pinter & Tokarz. ‘After depolymerisation, it can become a component for the production of liquid fuels.’

The technique uses polyolefins – the most abundant and commonly used type of plastic – as raw materials, and converts them into light fractions of fuel oil: typically C5 to C34. Typical products that can be handled include plastic shopping bags, food packaging, toys, some types of plastic pipes, and vehicle parts such as bumpers.

The plastic waste stream needs to be restricted to cleaned polyolefins (polypropylene and polyethylene).

However, up to 15% contamination such as paper, sand or water is acceptable. The mixture is then catalytically pyrolysed in an airtight atmosphere, in order to break down the polymer chains.

A typical plant converts each kg of plastic waste into 0.78kg of final product (or 720 litres/t). Each unit produces around 300 litres of oil/hour. The technology has been adopted around the world. One of the most recent installers was the Hua Hin landfill site in Thailand. The local municipality estimates that 10% of the 400,000 t of rubbish in the site is plastics waste. If it could all be collected and converted, this would equate to 29m litres of oil. The installation is due to be completed by the end of 2011.

Closer to home, Sita UK has received approval to build a plastics-to-diesel facility in Bristol – which it says would be the first in the country. The company plans to build a ‘resource recovery park’ that will extract energy from mixed waste, to reduce the amount of rubbish sent to landfill. A key part of the park will be the conversion of waste products like yoghurt pots and meat trays into diesel fuel. At full capacity, it would produce around 4.2m litres of diesel/year, from 6000 t of plastic.

The plant is slated to open in 2013, and could be the first of many. Sita will use technology from Irish company Cynar – after signing a deal with the company in 2010. Each Cynar plant can process up to 20 t of mixed waste plastics/day, producing up to 19,000 litres of fuel products at a conversion rate of 95%.

‘We aim to build around 10 facilities in the first tranche of development that will convert waste plastic into diesel fuel,’ says David Palmer-Jones, ceo of Sita UK.

But this 10-plant deal seems to pale into insignificance beside a more recent US announcement: a 10-year deal between JBI of Canada, and packaging giant Rock Tenn.

JBI will now be able to build its Plastic2Oil processing plants at Rock Tenn facilities, which are hoarding a growing stockpile of plastics. As well as generating plastics waste from its paper mills, Rock Tenn already operates a number of material recovery facilities.

JBI will also be able to ‘mine and process plastic from Rock Tenn’s mono-filled plastic sites’. This basically means that it has access to an enormous hole that Rock Tenn has been filling with plastics – and nothing else – for the last few years. The company claims a 90% conversion rate of plastics to fuel. A further 8% is released as gases – such as methane and ethane – which are compressed and stored. The remaining 2% of solids can be landfilled.

The technique has an advantage over others, claims JBI, in that the raw material does not need to be washed or processed in any way. It takes mixed plastic waste and converts it into diesel, heating oil and light naphtha fuels.


But there is something else that can be done with waste plastic: turn it into another plastic. It may sound like the polymer equivalent of alchemy, but researchers at University College Dublin, led by Kevin O’Connor, are looking to identify micro-organisms that can convert waste plastic into a biodegradable polymer called polyhydroxyalkanoate (PHA).

PHA is actually a group of bio-derived polyesters (including PHB, polyhydroxybutyrate) that are already produced commercially: US company Telles, for example, has a polymer called Mirel. When Telles makes Mirel, it starts from corn starch, using genetically engineered microbes to convert the sugar directly into plastic, which is then separated out and formulated into resins. O’Connor’s idea is that plastic waste – primarily PE or PET – will be ‘digested’ by the team’s own microbes and converted into PHA. First – as with other forms of chemical recycling – the waste must be pyrolysed in order to break it down.

In the case of PET, it is pyrolysed at 450oC, which produces solid, liquid and gaseous fractions. The liquid and gas are burnt for energy, but the solid fraction – which contains terephthalic acid (TA) – is used as the feedstock for bacterial production of PHA.

TA is not normally degraded by bacteria, but the team isolated 32 bacteria strains from soil, and found that three of them would convert TA into PHA. The bacteria came from soil that had been exposed to PET granules, at a PET bottle processing plant.) O’Connor’s lab has also looked at the possibility of converting the most common plastic, PE, into PHA, by first pyrolysing it into a wax. It has also successfully converted styrene oil – from pyrolysed polystyrene – into PHA in a similar way.

If successful, the method could provide a new way of making PHA that does not rely on growing crops, such as corn, specifically for the purpose. The project, which is supported by the Irish Environmental Protection Agency’s Strive programme, will attempt to optimise the bioprocess, scale it up, and characterise and produce the polymers.

Plastics are an inescapable fact of modern life. They solve many problems – giving us lighter cars and planes, stylish consumer products and effective food packaging. Disposing of plastics is a problem that is not going away, but some of the newer chemical techniques are playing their part to solve it.

Europe's first large scale tyre pyrolysis plant for the UK

If there is one polymer that demands attention, it is rubber. In the EU-27 countries, an incredible 2.5m t of car tyres reached the end of their lives in 2009.

That is a lot of rubber to shred and re-use.

Landfilling of shredded tyres was banned in the EU in 2006. But there are plenty of low-grade uses for shredded rubber: as a filler for construction applications such as artificial turf sports fields; and as a supplementary fuel in power stations or cement kilns. But these methods will soon be supplemented – and perhaps one day supplanted – by another.

UK company Pyreco is planning to process 60,000 t/year of tyres, at a new plant on Teesside, in order to extract gases, oils and carbon black. Pyreco says that the plant, which is due to open in 2012, will be Europe’s first large-scale tyre pyrolysis plant. It is being built at Wilton International chemical park, which hosts a number of chemical businesses.

In the first instance, the pyrolysis products will be used to create energy, but in the longer term they could be used as feedstocks.

Lou Reade is a freelance writer based in Kent, UK.

http://www.soci.org/Chemistry-and-Industry/CnI-Data/2011/19

Thursday, October 13, 2011

Oct. 20 Dinner Meeting & Tour of JBI, Inc.’s Plastic-to-Oil Facility

DINNER MEETING ANNOUNCEMENT

Thursday, October 20, 2011

Tour of:

JBI, Inc.’s Plastic-to-Oil Facility

Iroquois Street, Niagara Falls, NY (see direction on back)

Tour Starts Promptly @ 5 pm

Dinner to Follow at:

Como Restaurant

2220 Pine Ave. Niagara Falls, NY 14301

Social Hour @ 6 pm / Dinner @ 7 pm

Dinner Buffet includes antipasta, stuffed claims ala como, salad, rolls, pizza bread, mostaccioli w/

meat sauce, breaded pork chops, broccoli ala marinara, chicken parm, bowtie pasta, coffee, tea etc.

$30: International Members $30: Young Professional Members (35 & younger)

$35: Local Members $40: Non-Members $10: Full-Time Students

Reservations due by Monday, October 17

For reservations, contact Paul Van Kerkhove, Ecology and Environment, Inc.

By Phone: (716) 684-8060 ext. 2617 -or- By E-Mail: pvankerkhove@ene.com

http://www.awmanfs.org/

TEDx Buffalo Reporter Comments on JBI CEO John Bordynuik

http://wnymedia.net/repat/2011/10/the-report-from-tedx-buffalo/

Our Next Billionaire

I seek to take nothing away from the other speakers, but let me note that only one of them is likely a future billionaire. That distinction belongs to the yet unmentioned John Bordynuik, CEO of JBI Inc in Niagara Falls, who heads up the most important initiative you’ve never heard of.

Mr. Bordynuik, former member of the Ontario Legislature and chemical dreamer, has discovered a way to covert average plastic waste into fuel. Currently 7% of our global plastic waste stream is recycled. The leaves 93%, or 29 millions tons, ready to be turned into a potential 7 billion gallons of low-sulfur fuel that can run engines and factory processes of all varieties. Sound too good to be true? Bordynuik himself listed “Disbelief” as his first stumbling block to success. Currently, the JBI factory in the Falls siphons up the majority of the waste plastic stream of Western New York. I would bet it’s a matter of time before we’re mining our landfills for more.

It would be fitting of such a revolutionary TED lecture that it would incorporate the themes of the other speakers as well. The Plastic2Oil process started as a story, a dream of cleaning up plastic strewn beaches and toxic air across the world. The process is scalable and local – not ever bit of plastic need be driven to the JBI plant. Smaller versions can be installed at each local plastic producing factory, converting the waste stream on site to fuel usable on site. And none of this process would be possible except through a hard science education – chemistry and math and engineering – that is becoming increasingly rare.

Sunday, October 9, 2011

JBI CEO Bordynuik speaks at Buffalo's Oct 11 TEDx conference

TED comes to Buffalo to inspire innovation

By Stephen T. Watson
NEWS STAFF REPORTER
Published:October 8, 2011, 12:00 AM
Updated: October 8, 2011, 10:04 AM

There’s an organic dairy farmer, an executive with a company that converts plastic waste into alternative fuel, and the designer of an educational program for school drop-outs.

And a guy who wants to bring back Buffalo’s beer culture.

They’re part of the hodgepodge of presenters set to take the stage at Tuesday’s cutting-edge TEDxBuffalo conference.

The daylong session brings together a carefully selected crop of speakers and audience members, from a variety of backgrounds, in an effort to encourage brainstorming and idea-sharing.

“All the speakers have kind of started something outside the official channels,” said Kevin Purdy, a freelance technology writer and the main TEDxBuffalo organizer. “It’s basically folks who have done it — or have a mission to something — on their own.”

TEDxBuffalo is the local version of the national TED, whose speakers have included former Vice President Al Gore, Microsoft Corp. Chairman Bill Gates and anthropologist Jane Goodall.

Local organizers have worked for months to put together their program, with an eye on spurring innovation and follow-up movement after the session.

“The whole TED philosophy is big thinking, big ideas, and getting a conversation started with action behind it,” said Tricia Marcolini, another organizer and Canisius College MBA student who works in the information technology department of CertaPro Painters.

TED — short for Technology, Entertainment, Design — is a nonprofit committed to “Ideas Worth Sharing.”

The group is best known for conferences that attract a range of speakers from the business, cultural and scientific worlds. TED shares recordings of those TEDTalks through its website, YouTube and iTunes.

In addition to the conferences TED hosts around the world, the group licenses events under the TEDx brand.

Purdy obtained a license for TEDxBuffalo in May.

He and a team of organizers started with a list of up to 60 potential speakers and whittled that down to the 12 participating on Tuesday. “We’re trying to connect the innovators, sales people [and] motivators together,” Marcolini said.

Patrick Lango has received notice in the New York Times and other outlets for his handcrafted approach to dairy farming in Cattaraugus County.

Another speaker, John Bordynuik, the founder of Plastic2Oil, has developed a technology to convert plastic waste to ultra-low-sulphur fuel at a plant in Niagara Falls.

And Stacey Watson is a founder of Buffalo’s Drop-In Nation Education Center, where 73 percent of its graduates start college, job-training or a job one year after finishing the program.

These presenters — as well as Ethan Cox, who wants to “embeer” Buffalo, and the other scheduled speakers — are linked by a theme of, “You saw a need and got it done,” as Marcolini put it.

The conference is taking place at Canisius’ Carol & Carl Montante Cultural Center.

TED requires its partner conferences to limit attendance to 100 guests, so organizers worked hard to find audience members from different backgrounds.

“The idea is to see what happens when you mix up the crowd and mix up the speakers,” Purdy said.

People who weren’t invited to the conference but still want to see the action have options.

TEDxBuffalo is holding live viewing parties at four sites: the Buffalo Niagara Medical Campus, the University at Buffalo Honors College, the Sugar City arts collaborative and the Main Washington Exchange.

Also, the sessions will be streamed online and they will be archived for later viewing.

Purdy and the other organizers say they hope the spirit of TEDxBuffalo doesn’t end with the close of the conference Tuesday afternoon.

“TEDxBuffalo hopefully throws a whole lot of different thoughts at people, and hopefully you come away with a better idea of what’s going on in Buffalo and the wider community,” Purdy said.

Visit tedxbuffalo.com to watch the streamed or archived videos and for more information on the conference, the viewing parties and how to win admission to the event through a photo contest.

swatson@buffnews.com

http://www.buffalonews.com/business/local-business/article585896.ece

Thursday, September 1, 2011

The long shot investor recommends JBI, Inc.

http://longshotinvestor.blogspot.com/2011/08/where-we-stand.html

JBI, Inc. (JBII.pk) OTC:Pink - You know, part of me just wanted to start this blog to get down on paper that I'm ultra-long on this small company based in Niagara Falls, NY that is doing, in my opinion, MASSIVE things with converting waste plastic to usable fuel. I want to go on record and hang my balls out there so I can be mocked if the stock tanks and praised if it does well. I've made some great calls (SIRI @ $0.08, AAPL @ $16 pre-2 splits) and some absolutely horrific ones (loading up on finance LEAPS pre-2008), but I've hopefully learned from them and want to go on record with this one. I've got a really nice feeling about CEO John Bordynuik, the technology he's spearheaded over the years, the company's balance sheet, and his business model. Long story short, Mr. Bordynuik, using finances acquired after working in data recovery for companies like NASA, has figured out a way to turn nearly freely available waste plastic into spec fuel. His process is called Plastic2Oil. He's been evaluated by numerous independent labs, and has just recently entered into his first 10-year profit sharing lease with NYSE : RKT (Rock-Tenn). I've filled orders at numerous prices, with my average per share cost being $1.08.

http://www.plastic2oil.com

Monday, August 22, 2011

'Make my Day' Rawnoc's take on the JBII 10Q


JBII 10Q -- SOME POSITIVE TIDBITS:

(1) P2O segment already showing a gross profit despite the small sales! ($23,380 in gross profit on sales of $81,101 for the P2O segment)
If P2O sales can be profitable right out of the gate when tiny, just imagine how profitable P2O will be as sales multiply?

(2) "As of August 19, 2011, with a NYMEX crude price of $82.81, Coco Paving is presently ordering and purchasing full tankers of petroleum distillate at $109.80 per barrel. Coco Paving has stated it is pleased with our Plastic2Oil fuel and they are ordering from the Company on a regular basis."

(3) "The Company retained two fabrication vendors to produce racked modules for Plastic2Oil processors. All modules will be manufactured in the United States. The Company’s management and new hires are working with the fabrication vendors to expedite manufacturing. During the first and second quarter of 2011 the processor was modularized for simplified expedient production and assembly of processors offsite. Processors #2 and #3 are being installed at the Plastic2Oil factory at this time, in modular form."

(4) "The P2O processor is capable of producing #6 fuel, #2 fuel, diesel, and light naphtha. The Plastic2Oil processor has been tuned to reduce naphtha production to less than 2% because the market price for naphtha is significantly less than for #2 or #6 fuel"

(5) "Chrysler conducted an extensive audit and now ships free plastic to our factory."
"After a full review, General Motors is also now providing free waste plastic to our P2O facility."
"The Company receives free waste plastic for our Plastic2Oil processor(s) from Chrysler, General Motors, major food packagers, dairy companies, agricultural plastics, and many other sources. The company is recycling thousands of gas tanks, bales of plastic film and many other free plastics that are usually sent to landfill. The Company does NOT pay for any plastic. None of the plastic that the Company has received to date has required sorting."

(6) "the Company also designed and has nearly completed manufacturing of a premelt system to allow waste plastic to enter the processor whole in bale form, or in large pieces (e.g. gas tanks, bumpers) without shredding or granulating the feedstock. This premelt system will maximize production at third party facilities (i.e. paper mills or MRF sites) and other waste stream sites by allowing minimal handling of feedstock. Management’s highest priority is bringing modular processor #2 and 3 online so the Company can become cash flow positive"
"During the second quarter of 2011 the Company designed and engineered a premelt loader for the Plastic2Oil processor to eliminate handling, shredding, and bagging of waste plastic. With the premelt loader, bales or supersacks of plastic are set on a conveyor and then are loaded whole into the premelt reactor thereby eliminating shredding and much handling. During the modularization of the processor, the CEO was able to eliminate the off gas compression system in favor of a simplified low-cost off gas handling rack (4’ x 4’ x 4’) for better control and at 1/5 of the cost. The cost savings through modularization has been used to offset the cost of the premelt loader."

(7) "After months of comprehensive due diligence, RockTenn (NYSE:RKT) executed a 10-year exclusive agreement for conversion of their waste plastic into fuel which has been measured at thousands of tons per day."

(8) "The Company is purchasing a machine shop a few minutes from the Plastic2Oil factory so that additional processor assembly and work can occur while the Plastic2Oil processor(s) operate. The Company has also hired a mechanical engineer, a steel waterjet cutter, electrician, welders, more operators and material handlers to train for offsite locations."

z

Sunday, August 21, 2011

Recent Article Discusses Positive Benefits of JBI's P2O Technology


Waste Plastic to Fuel Pilot Project

Clean Technica writes about a Canadian company, John Bordynuik.Ink (JBI) which has developed a process that uses waste plastics as a feedstock and turns them into fuel.
Under the name Plastic2Oil, it has developed and scaled an original processor that converts difficult-to-recycle waste plastics into separated, refined fuels (diesel combined with lighter fractions of gasoline). One litre of oil is extracted for every kilogram of plastic.

JBI has installed a 20 metric-ton pilot plant in Niagara Falls, New York. On June 14, the New York State Department of Environmental Conservation gave the go ahead for the plant to begin operations. The plant has the ability to process 22 tons of plastic per day and operates continuously. JBI has already entered into supply agreements.
JBI reports it has successfully overcome traditional barriers in this field, including:

The acceptance of unwashed, mixed waste plastics
• Removal of residue without processor shut down
• Refining of fuel without a high-cost distillation tower
• Equipment that is not susceptible to pinhole leaks
• Emissions are less than a natural gas furnace, while the process releases over 14 percent oxygen into the air

Unlike existing plastic-to-oil operations, JBI accepts all trash plastic, achieving a rate of conversion into clean fuel of almost 90 percent, while requiring minimal external energy (reactor is heated with approximately 8 percent off-gas captured and compressed). All waste plastic is fed through a shredder and a granulator and then heated in a process chamber, after which it proceeds into the main reactor. JBI reports the system can handle up to 1,800 pounds (816.5 kg) at a time – good news about materials that traditionally ended up at a landfill.

http://www.anthropower.com/waste-plastic-to-fuel-pilot-project

Oil And Gas Chronicle Issues Report on JBI's P2O Technology



Plastic 2 Oil Turns Landfills into (stinky) Gold Mines
August 21st, 2011

Whether we like it or not, oil is as economically necessary for our (current) global society as it is a foundation for our fuels … and it’s not getting easier to come by. Even those claims, however, are often met with controversy – some claiming that oil is running out, others claiming that oil is being hoarded by greedy individuals.

Regardless, our society’s stability is dependent on oil, and – as oil gets trickier to acquire – some “outside the box” thinkers often go back to old maxims. In this case: one man’s trash is another man’s treasure.

Enter: Plastic 2 Oil, which aims to begin “mining” non-degradable plastics from landfills in order to then convert back into petroleum fuels.

The Plastic 2 Oil project is underway and being conducted by JBI and RockTenn Company. JBI, Inc. is a domestic alternative oil and gas company and has developed a process that converts waste plastic into fuel (Plastic 2 Oil), without the need of further refinement. JBI patented the Plastic 2 Oil technology and has a ten year deal, with a renewal option, to build and operate Plastic 2 Oil processing stations at RockTenn’s facilities.

The process accepts mixed sources of non-recyclable plastic, and focuses on post commercial and industrial sources (since these are most readily available). The plastic waste is passed through a shredder and granulator and loaded into a hopper with (1800 lbs. at a time) using a forklift. The “hopped” plastic is then loaded into a processing chamber where it is heated (using its own chemical gasses) and then stored in a gas compression system. By compressing, storing and then using the gaseous byproduct to run itself, Plastic 2 Oil “pushes” the plastic to acieve “internal recycling”, which boosts overall efficiency. While inside the reactor, the plastic hydrocarbon chains are “cracked” into shorter chains, which exit the processor as a gas.

JBI’s proprietary catalyst and unique process engineering enables JBI to capture nearly 90% of the hydrocarbon content of plastic, with any remaining residue or non usable substances (about 2%) removed during the normal course of operations. The remaining gasses contain small amounts of gasoline and diesel fuel, which are then condensed into liquid form and separated before being routed into temporary fuel tanks. The remaining gaseous “light fractions” – which include methane, ethane, butane and propane – exit the temporary fuel storage tank and are, themselves, compressed and stored for later use.

Each 1800 lb. load of discarded plastic takes less than one hour to process into usable, non-ocean endangering fuel (or, less-ocean endangering, at any rate).
RockTenn, a paper and packaging manufacturer providing a wide range of marketing and packaging products across the American continents, generates thousands of tons of waste plastic every day, which (until recently) the company had been storing in plastics-only landfills for years. Under a new Agreement with JBI, Plastic 2 Oil will have exclusive “mining rights” to the RockTenn landfills, which should translate to many millions of gallons of fuel.

The costs involved with Plastic 2 Oil’s process have not been publicly released (and may never be), and that may be the only red flag here – since, if the conversion process is hugely expensive than the end product will also be costly. That said, it’s probably better that these landfills are being put to good use rather than, you know, just left to sit there and fill up some land.

You can take a look at some photos of Plastic 2 Oil’s operations, below, and read through the company’s full press release, as well.

JBI, Inc. Announces a Ten-Year Agreement for Commercially Viable Conversion of Waste Plastic to Fuel

THOROLD, Ontario, Aug. 8, 2011 (GLOBE NEWSWIRE) — JBI, Inc. (OTCQX: JBII.PK – News) is pleased to announce that on July 29, 2011, JBI entered into an agreement with Rock-Tenn Company (RockTenn) to convert mill by-product waste into fuel using JBI’s Plastic2OilTM technology.

Under the agreement, JBI has an exclusive ten-year license with a renewal option to build and operate Plastic2Oil(TM) processors at RockTenn facilities to process RockTenn’s waste plastic at paper mills and Material Recovery Facilities (MRF) and to mine and process plastic from RockTenn’s plastic-filled monofill sites.

RockTenn’s paper mills and MRFs currently produce thousands of tons of plastic per day. To handle the plastic waste stream, RockTenn has been storing this by-product in company-owned plastic-only monofill sites for several years. The agreement gives JBI the exclusive rights to mine plastic from these sites.

JBI’s Founder & CEO John Bordynuik said, “We are honored that RockTenn has chosen JBI to be its long-term partner in this venture and believe this provides further validation that we have a viable commercial process to handle not only the critical issue of waste by-product but also rising energy costs. RockTenn has the industrial relationship and feedstock to support hundreds of Plastic2Oil(TM) processors. We anticipate a mutually beneficial relationship for both parties and intend to expand as quickly as possible. RockTenn currently has sites that can support clusters of processors. In preparation for this agreement, we have designed our processors to be modular ‘plug and play’ to allow rapid deployment across RockTenn’s locations.”

Andrew Meggison was born in the state of Maine and educated in Massachusetts. Andrew earned a Bachelor’s Degree in Government and International Relations from Clark University and a Master’s Degree in Political Science from Northeastern University. Being an Eagle Scout, Andrew has a passion for all things environmental. In his free time Andrew enjoys writing, exploring the great outdoors, a good film, and a creative cocktail.

http://www.oilandgaschronicle.com/tag/plastic/

Sunday, August 14, 2011

JBII to Mine Plastic for RockTenn


JBI will "mine plastic" from RockTenn landfills to convert to oil

by Eric Loveday (RSS feed) on Aug 14th 2011 at 8:55AM
Plastic 2 Oil logoJBI has entered an exclusive deal with RockTenn Company to convert mill by-products into fuel using JBI's patented Plastic2Oil technology.

Under terms of the agreement, JBI has a ten-year license with a renewal option to construct and operate Plastic2Oil processing stations at RockTenn's facilities. JBI will take RockTenn's waste plastic and covert it to useable fuels, including naphtha, fuel oil and something similar to natural gas.

RockTenn's paper mills generate thousands of tons of waste plastic per day and to handle that stream of waste, RockTenn had been storing the by-product in company-owned, plastic-only landfill sites for years. This agreement gives JBI exclusive rights to mine plastic from these sites (how strange does that sound?). According to JBI, RockTenn has the feedstock to support hundreds of Plastic2Oil processors and, as such, JBI designed its conversion systems to be modular, allowing for rapid deployment across RockTenn's locations.

Thursday, August 11, 2011

New Energy & Fuel reports on JBI's P2O technology

Plastic Recycled Back to Oil Jumpstarts
August 11, 2011

JBI of Thorold, Ontario Canada has entered into an agreement with Rock-Tenn Company to convert Rock-Tenn’s mill by-product waste into petroleum products using JBI’s Plastic2Oil™ technology.

JBI’s Plastic2Oil™ can use unwashed, mixed waste plastics. JBI developed and scaled up the original processor, then enhanced and commercialized a process that converts difficult to recycle waste plastics into separated, refined fuels. The current model processor runs continuously, currently at 20 metric tons per day with a footprint of about 3000 square feet.

JBI's Plastic2Oil Reactor

There are several processes that can convert plastic and other hydrocarbon materials into products for use in the production of fuels, chemicals and recycled items. The list includes pyrolysis; catalytic conversion; depolymerization; and gasification. The Plastic2Oil conversion process is most similar to pyrolysis, and involves the cracking of plastic hydrocarbon chains at ambient pressure and low temperature using a reusable catalyst.

The processor installation uses its own off-gas as fuel from about 8% of the feedstock, making for very low operating costs: 67kWh electricity for motors and pumps, and approximately $7/hr for a cold start using natural gas is all the outside energy required.

A curious aspect of the emissions is the releases are less than a natural gas furnace, and the process releases about 14% oxygen back into the air. For New York State installations emissions monitoring and scrubbers on the stack are not required.

JBI’s process accepts mixed sources of non-recyclable plastic. Although many sources of feedstock are available, JBI is focusing initially on post-commercial and industrial sources, since these are readily available in large supply, and present a cost-effective solution for companies who currently have to pay to dispose of this plastic waste. It’s the sensible case of going to where the mountain already exists and gets built more each day.

The payoff is each 2.2 pounds (1kg) of plastic yields about a liter, a bit more than a quart of oil products in the form of fuels.

The raw plastic feedstock is first treated to a shredding and then granulated. A hopper is loaded with about 1,800 pounds of the plastic granules. The plastic is loaded into the processor by a continuous conveyor belt between the hopper and reactor. The plastic is then fed into the processor chamber where it is heated by burning off-gas produced from the conversion process.

In the reactor, the plastic hydrocarbons are cracked into various shorter hydrocarbon chains and exit in a gaseous state. JBI’s proprietary catalyst and unique process engineering enables capturing nearly 90% of the hydrocarbon content from the plastic. Any residue or non-usable substances (about 2%) remain in the processor chamber and are automatically removed while operating.

From the processor, the gasses containing gasoline and diesel are condensed and separated, then proceed into temporary fuel tanks. All of the gaseous “light fractions” (off-gas), such as methane, ethane, butane and propane, exit the temporary fuel storage tank and are compressed and stored. Butane and propane liquefy when compressed and can be stored and sold separately. Methane can be sold into the natural gas grid and ethane can be resold back into the chemical market.

An entire cycle for one 1800-pound load takes less than one hour to process into fuel for a little over 200 gallons of recycled fuel products. At $2 per wholesale gallon a reactor will earn $400 – nearly $10,000 per day.

The agreement announcement follows developments made by John Bordynuik earlier this year. Now the Plastic2Oil processor has two columns supporting 4 catalyst trays. Quality control includes two columns for control and specificity of fuel fractions, a cyclone (for particulate removal in vapor), fuel filters (for particulate removal in liquid), and a centrifuge (for additional redundant particulate trapping), as well as column enhancements to guarantee particulate free fuel.

Fuel additives are injected inline while fuel is being produced to increase their effectiveness on both heavy and light fuel condensing systems.

That 2% of residuals compounds that don’t make it into products is inert enough after processing to be simply sent to a landfill. This makes a 50-fold reduction in waste. That in turn makes one more feature extremely attractive. The new residue removal system works while the processor is running, so the reactor does not have to be cooled down or stopped to remove residue. Plastic recycling is now a continuous process instead of a batch operation. That explains the attractiveness in a major way.
Mr. Bordynuik, JBI’s CEO and primary engineer, deserves great credit for coming this far. The competitive note is the catalyst is a trade secret, and justifiably so, delivering a very short reaction time and impressive yields.

The point that consumers might note is that 2.2 pounds of many plastics are worth about $2.00. While the demand isn’t there yet for widespread reactor installations, it will come. It will be great to use the plastic and then use the oil within again.

Got a big pile of plastic waste? Back in 2009 JBI engaged IsleChem, an independent chemical firm providing contract R&D, contract manufacturing and scale-up services to validate the P2O process and provide engineering support so that JBI could apply for an Air Permit for the Niagara Falls Facility. IsleChem performed more than 60 small-scale runs of various types of multicolored, mixed plastic feedstock. After analyzing the energy consumption, residue, off-gas, and material balance, IsleChem determined that our P2O process is repeatable and scalable.

Contact info is on the JBL website at http://plastic2oil.com. Better get in line.

http://newenergyandfuel.com/http:/newenergyandfuel/com/2011/08/11/plastic-recycled-back-to-oil-jumpstarts/


Tuesday, August 9, 2011

triplepundit.com comments on JBI's P2O contract with Rock-Tenn Co.


JBI, Inc., developer of a patent pending Plastic2Oil ‘plastic-to-oil’ technology, will be converting waste plastic by-product from a Rock-Tenn Co. mill into diesel, gasoline and off-gas products, including methane, ethane, butane and propane, according to an exclusive, 10-year agreement.

Plastic2Oil processors will convert waste plastic at Rock-Tenn paper mills and Materials Recovery Facilities (MRF) into a “near diesel fuel”- diesel combined with lighter fractions of gasoline – as well as “mine” and process plastic from RockTenn’s plastic-filled monofill sites. Financial and other details of the contract were not disclosed.

Plastic2Oil’s patent-pending process converts nearly 90% of the hydrocarbons in reclaimed plastics into liquid fuel, according to JBI. Eight percent is converted into an off-gas that is used to fuel the process itself. The remaining 2% residue has been certified safe for landfill disposal, but subsequent testing found that it has a heating value of 10,600 BTU/lb.

Thousands of pounds of waste plastic are produced at Rock-Tenn’s paper mills and MRFs each day. The company has been storing this waste material by-product for several years. JBI management is focusing on getting the Plastic2Oil technology up and running at MRFs and mills given the ready availability of vast quantities of process feedstock.
Founder John Bordynuik and his team have been continually improving the Plastic2Oil conversion process and equipment since 2009 when Bordynuik began developing it with a laboratory desktop unit.

Today, the Plastic2Oil process produces approximately one liter of liquid fuel from each kilogram of waste plastic. An 1,800 pound load of waste plastic takes less than 1 hour to process and requires “non-contact” water and minimal electricity as the off-gas produced is used to power the process. The company has scaled the process up and is now working with 30-ton units.

“We are honored that RockTenn has chosen JBI to be its long-term partner in this venture and believe this provides further validation that we have a viable commercial process to handle not only the critical issue of waste by-product but also rising energy costs,” Bordynuik stated.

“RockTenn has the industrial relationship and feedstock to support hundreds of Plastic2Oil processors. We anticipate a mutually beneficial relationship for both parties and intend to expand as quickly as possible.

“RockTenn currently has sites that can support clusters of processors. In preparation for this agreement, we have designed our processors to be modular ‘plug and play’ to allow rapid deployment across RockTenn’s locations.”

http://www.triplepundit.com/2011/08/plastic2oil-waste-plastic-fuel
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Friday, August 5, 2011

stocker11 sends special thanks and congratulations to the JBII team and all its supporters

This will be my only post today and I wanted to use it to thank John and the entire team at JBI for bringing this technology to market at such an incredible speed. From a table top model to a 20-30 ton, fully permitted, processor is not an easy accomplishment in such a short period of time.

You'll remember initially that they intended only to make oil for the refinery but as they progressed they saw way past that to where they can now produce nearly any type of fuel in-line. That foresight and the technology around it are incredible. JBI’s processor is far ahead of any competitor and it will take years for them to catch up as they will have to work around pending patents (although the catalyst is the real game changer).

The entire team worked tirelessly through all the obstacles and roadblocks set up by those not wanting them to succeed.

I do not know the entire JBI team but I need to thank those in the local office – the team there is incredible – their perseverance and dedication needs to be commended:

John Bordynuik, Dr. Jacob Smith, Bob Molodynia, Ron Kurp, Allan Barnett, Katie Matkowski, Christine Merrick, Allan Barnett, Brian Seburn, Colin Robbins, Nathan Dobbins and others I have not had the pleasure of meeting yet.

The agreement with Rock-Tenn did not just happen overnight – it took months and months of hard work to strike that first major deal. Others will come more easily now but the next stage (full scale operations) will be equally challenging.

This is just the beginning of what is to come. A number of shareholders have provided their assistance with both monetary support and providing help whenever they could – you too are to be commended and please continue.

Who would have thought that a message board would have such a major influence on shareholder – the followers are now at 689 and I expect it will 10 times that very soon. There are many here that have fought a tough battle over the past 2 years abd I think we all need to thank the core group of supporters from the beginning Rawnoc, Brig88, 4kids9pets, Justice37, Zardiw, Paula - there are so many more.

Special thanks to Islechem for their assistance in making scale-up a reality.

This is a very special company – they will make a difference. They will be helping remove non-biodegradable waste plastic from our landfill and oceans. Their processor is virtually emissions free (no scrubbers needed)and the resulting fuel will replace at least some of the high sulphur, high polluting fuel currently on the market.

Thursday, August 4, 2011

JBII Deal with RKT (NYSE)!!


On July 29, 2011, JBI, Inc. (“JBI” or the “Company”) and RockTenn Company (“RockTenn”) entered into a Master Revenue Sharing Agreement (the ‘Agreement”) for a ten (10) year term with an automatic 5 year renewal term.

In accordance with the terms and provisions of the Agreement, JBI has an exclusive 10-year license to the following:
1. Build and operate Plastic2Oil processors at RockTenn facilities.
2. Process RockTenn's waste plastic from paper mills and material recovery facilities (MRF).
3. Mine and process plastic feedstock from plastic-filled monofill sites.
4. Monofill sites contain years of waste plastic from mills.
5. Waste plastic from RockTenn facilities exceeds thousands of tons per day.

The foregoing description of the Agreement is not intended to be complete and is qualified in its entirety by the complete text of the Agreement attached as an exhibit to this Current Report on Form 8-K.


z

Wednesday, August 3, 2011

The Imperial Whazoo Speaks The Truth

Bingo. To the key point, mam.

See, JBII does not need, much less want, VC types frolicking around with any degree of control over the company. Frankly, it is amazing to me that people have failed to appreciate the degree to which JB has succeeded in keeping outside control of that type from gaining any kind of toe-hold.

And here's a thought for you: maybe the piling on of bottom feeding type of law firms is evidence that the outside parties are looking for some kind of avenue to insinuate themselves into the control room of the company. They were denied entrance by JB, deliberately, and they resort to indirection as their tactic of choice to punish this little company and its brilliant leader for having had the audacity to kick against the prods.

Look at it like there are parties out there who do not want ordinary people to attain freedom from control mechanisms like the control over our everyday lives the oil companies & OPEC currently possess.

Along comes the guy who shows the world that there is a way to turn the plastic that comes from oil back into usable oil products. If these powers-that-be can continue to control the input of oil into all the world's economies, then they control our everyday activities thru the by-products of the oil they monopolistically control: gasoline, diesel, fuel oil, & so forth.

If they could have insinuated themselves by the innocuous looking avenue of VC style investors who were to some degree beholden to the ongoing unsatisfactory worldwide status quo (under the guise of being only interested in generating an income stream from their venture capital), they could have hoped to begin gradually absorbing the company and its tecnology. A logical plan to have anticipated would have been for them to cyclically put more and more into the company and to eventully have control so they could force the sale of the company to one of the entities who does not want it to become a force for good in the world. Then, that entity could simply "disappear" the technology, and control over the world's economies could have continued unimpeded. JB would have been made a very rich man, they would own the technology, and the benefits to the world as a whole would be "disappeared".

So, it seems to me that it is no coincidence that JBII did not let VC types become the financiers of the company and the next event on the event horizon, after the DEC granted them their license to operate, was a cluster of pestering lawsuits.

I just see it as the strategy of those who want this technology to fail to deliver. There are powers out there who can not allow an escape hatch to come into existence that would allow those they control to have some freedom. I think that, having not been allowed to gain a toe-hold by VC activities, the anti-P2O interests are resorting to the tactic of these lawsuits to stop the economic blitzkrieg the ability to process the plastic and turn it into fuel products represents.

Now, in that the company has the DEC license to go forward, and in that they have interested parties who have stepped forward as either host sites for the processors or buyers of the output, I do not think these parties can prevent JBII from reporting around Aug 15th and they can not stop the release of good deal news. I think these kinds of things will force the price back up from here.

I see a battle in place, but the license and the sales and the interested parties and the governmental advocates (mayors, state senators, ond so on) make me think that JBII is not at the mercy of the huge outside parties who want this technology to disappear, unused.

Watch for more news and watch for timely SEC filings, which are coming out soon. They will revitalize the buzz, IMHO. There are battles that will take place but JBII is not without weaponry.

Thats my view, anyway.

Imperial Whazoo

Friday, July 29, 2011

techieask.com profiles JBI's P2O technology

Plastic2oil to Convert Hazardous Plastic into Fuel
News — 28 July 2011

You may be one of those few people who care for the environment and do you bit to keep it clean and green. You may be avoiding the use of plastic and in case you have to use it, you would send it for recycling. But did you know that most of the plastic that is produced today is non-recyclable, which means that once it is used, and then all it does is pollute the surroundings. But there’s something that would put you at ease. A Canadian company called JBI has come up with a method to convert this toxic substance into a fuel.

The process is called Plastic2Oil and begins with feeding a variety of plastic to a shredder, followed by a granulator, a machine that can be fed with up to 816.5 kg of plastic. Then produce of the granulator is heated in a process chamber, after which it is transferred to the main reactor. A certain catalyst is added to this which breaks down the hydrocarbons of the plastic and converts them in to smaller chains of hydrocarbons that exist in the gaseous phase.


These gases are compressed and stored. The gases that consist of inflammable fuels are separated and the leftover fuel is stored. Methane, ethane, butane and propane are separated and stored separately. The whole process is extremely eco-friendly too. It is believed that the emissions of the process are much lesser than that of a natural gas furnace. The whole process takes approximately an hour to complete and the conversion rate is close to 90%. The rest is dumped as landfill, or even burnt for fuel.

Plastic2Oil is gaining popularity gradually as the US and the UK are planning to install these plants in their respective countries in the near future.

Friday, July 22, 2011

Chrysler Canada Applauds JBI's P2O Technology

Chrysler Canada’s Waste Plastic Turned to Fuel
By Eric Mayne WardsAuto.com, Jul 22, 2011 10:09 AM

Waste plastic from Chrysler Canada’s Brampton Assembly Plant is helping to keep neighboring factories running instead of eating up precious landfill space.

JBI, an Ontario-based company, has developed technology that converts waste plastic to fuel ranging from heating oil to diesel.

“Because plastic is made from the same hydrocarbons that make regular fuel, we can make and blend what we want,” CEO John Bordynuik tells Ward’s. “It can also be used to make plastic again.”

And there is no shortage of waste plastic. The U.S. Environmental Protection Agency estimates some 30 million tons (27.2 million t) of the material is tossed into America’s landfills every year.

JBI’s Plastic2Oil technology heats shredded plastic and collects gaseous hydrocarbons in a reactor. The byproduct of this process then is condensed to liquid fuel.

Plastic2Oil takes less than an hour to process an 1,800-lb. (816-kg) load of plastic, recovering about 86% of the material’s energy content, Bordynuik says.

JBI’s plant in Niagara Falls, NY, generates more than 100 barrels of fuel for every 20 tons (18.8 t) of plastic it processes. All grades of plastic can be accommodated with Plastic2Oil, Bordynuik says.

To date, only polyethylene terephthalate – the plastic used to make soda bottles – is widely recycled. “And Coke buys all that anyway,” he adds. “We’re looking for all the other plastics.”

They contain higher hydrocarbon concentrations. “Therefore, we get a higher yield of fuel.”

Fuel oil appears to have the most market potential. “There’s just so many factories that need fuel,” Bordynuik.

JBI recently inked a deal to deliver fuel to Oxy Vinyls Canada, that country’s sole manufacturer of vinyl resins. c2Oil process recovers about 86% of material’s energy content.

“Transportation fuels have much higher standards, which we can meet,” Bordynuik says. “But they require many more additives and there’s a lot more regulation involved.”

Then there is the prospect of producing more plastic.

“The light naphtha stream that we make can be used by the refinery to make virgin plastic because we’ve broken down the molecules into their virgin form,” Bordynuik says. “If you took plastic and you melted it and created something new with it, the bonds are much weaker.”

Chrysler is mum on its dealings with suppliers but welcomes the environmental benefit of technologies such as Plastic2Oil.

“Chrysler Group is committed to being environmentally responsible and creating a sustainable future,” spokeswoman Jodi Tinson says in a statement. “Being able to divert plastic waste from landfills to processes that provide meaningful solutions is one way that we can demonstrate that commitment.”

JBI has had discussions about taking waste plastic from General Motors plants, Bordynuik says.

The process represents an alternative for plants struggling to reduce their environmental footprint. “It’s not costing money to dispose of it or handle it.”

© 2011 Penton Media, Inc. All rights reserved.

Monday, July 18, 2011

neptune69 presents compelling case for long term investment in JBII

VALUATION ANALYSIS

Conspicuous by its absence on this message board, is a fundamental analysis of the valuation prospects for JBI predicated on an objective basis..not a penny stock short term trading mentality. For those of us who are long term investors, posit the following:

There is approximately 150 million tons of newly generated plastic feedstock per year-worldwide-50 million tons in the US.

JBI's processor produces 109 barrels of fuel per day from 20 tons of plastic feedstock.

The value per barrel is approximately $100.

The marginal cost per barrel is approximately $10.

Assume that JBI gives a $20 per barrel discount to the buyer of such product.

So JBI has an EBITDA of approximately $70 per barrel.

So JBI has a Net Income After Taxes of approximately $40 per barrel.

Each processor produces approximately 40,000 barrels of fuel per year.

Each processor produces $1.6 million in Net Income after taxes per year.

Each processor consumes 7300 tons of plastic feedstock per year.

There is a worldwide capacity for 20,000 processors, based on 150 million tons.

There is a worldwide capacity of $32 BILLION in Net Income After Taxes for JBI processors.

Assuming a PE ratio of only 15X...that is a Market Capitalization potential of 480 Billion Dollars!

All of this EXCLUDES the plastic feedstock that is currently resident in dump sites thoughout the world which is estimated to be 6-7 times the annual generation of new plastic feedstock!

That would be, using the aforementioned assumptions, a Net Income After Taxes of $200 Billion dollars.

This is what LONG TERM investors are focusing on with respect to an investment in JBI.

Predicated on a currently outstanding number of shares of approximately 60 million, the $480 billion market capitalization, excluding the dump sites, would equate to approximately $8000 per share. Given the extraordinary Return of Capital invested, that is $1.6 million in Net Income After Taxes on a capital investment of approximately $600k per processor, the resultant likely future dilution is de minimus, from requisite future equity issuances. Debt financing and internal cash flow should be ample to satisfy the investments in future processor manufacturing.