Wednesday, April 27, 2011

CEO John Bordynuik on BNN - The Pitch

High Points. Links to show at bottom


. $587K/processor
. $2-3M RD costs
. Being innundated with requests to bolt down machines at high waste plastic feed sources
. Filing prospectus with TXS next week
. Upgraded to an accounting firm that can file both Canadian and US.
. Agreements gone through legal with a large cardboard recycler that generates a huge amount of plastic. 30 Tons/day.
. Make spec fuel. Comes out of the machine that way. Directly to commodity price.
. Sales this week.
. Filling tankers now.
. Revenues Q2.

View Videos:







z

Friday, April 15, 2011

Overheard at the Conference - From Howto

I was there in person. Talked to the guys from JBI who were at the booth. There are such big things coming I can't even tell you them all and I want to make sure I get it right.

There are company's out there who have 120 to 180 tons per day.
Thats righ 120 to 180 tons a day who want to get into a JV with
JBI.

No names, I didn't ask for them . One company could save something like $8 million a year on tipping fees, they would need 5 or 6 processors and they would get a discount on their fuel.

Is that a deal or what.

z

JBII on TV? - From Howto

JBI on TV. Coming to the big screen in your home. I think I overheard something about John appearing on a business TV program in the near future. There will be information about it before it happens. Nothing further said. What a kick in the stock that will be. I have purchased a number of stocks after hearing about them on a business TV program.


z

Mayor of Niagara Falls Speaks - From Howto

The Mayor of Niagara Falls spoke at the conference today. One of the things he told us about was the Green movement. We all know, and he spoke about the LOVE Canal problem. He now has companies coming to him to locate in the city. He talks about them looking for cheaper hydro rates, as that is one of the advantages of N F.
He also told us that besides the cheaper rates the companies are looking for GREEN ENERGY PRODUCTION. It is not enough to get cheap hydro rates it is of paramount importance that the energy was produced in a GREEN way. The water from the Niagara river of course is a green way to produce hydro. In time, not long from now I believe that we will not just get the current price for our fuel. We will get a premium simply because we are very GREEN in producing it. Further it is better fuel, double up punch. The Mayor appears to be very appreciative of JBI choosing Niagara Falls as a location.

Thursday, April 14, 2011

Rikkitik's Report from the Conference

The presentation was indeed geared towards the industry professionals, and JBI is a hit here at the seminar! No new material information was presented, but there was much interest in the form of questions and post meeting discussion by the attendees. John did mention that the shareholder base has more than doubled since the last AGM, and applauded the grassroots efforts and support of JBII shareholders.

My impression from the seminar is that the JBI P2O initiative is poised for imminent expansion with large waste plastic stream customers that cannot wait to partner with JBI! Not only will it save them landfill costs, but also allow them the opportunity to share in the fuel sales.

That the modular design is almost complete, large waste plastic streams are more-than-ready to have a processor or two on their property, and that the company is gearing-up to support a land-rush in the near future. I ask John specifically if the financials would be filed and time, and his response was yes, as the whole company was very busy with the audits.


z

Wednesday, April 13, 2011

Report from the Conference by Justice

Rikkitik, was great meeting you at the conference.

The presentation was well received and you were right, no material information was disclosed.

I have a few notes I want to share as there was some new information. Another company has tested the fuel, the Alberta Research Council. They are the Gold Standard in Canada when it comes to testing fuel. Guess what, just like we have been told all along, JBI produces light naphtha (pure unblended gasoline) and diesel #2. There is one difference, the fuel is even cleaner now. Previously the sulfur content was 8 parts per million, it now has 0.5 parts per million (500 parts per billion) and no sediment or water content. The ratio of diesel and gasoline is 70% and 30% (and yes the fuel is separated during the P2O process). John is still reporting that the fuel is produced for less than $10 a barrel.

One of the questions after the presentation was if a car used the JBI fuel would it void the warranty. The answer was JBI fuel would absolutely not void a warranty, the fuel is no different than what you would get from a refinery. It started out as fuel and is converted back into fuel.

John was asked about how much a recycling facility would save if they had a P2O processor and the answer was that some large facilities send 170 tons of plastic to landfill per day. Smaller facilities send 120 tons per day.

Now I figure that for a large recycling facility, if JBI only processes half that amount, just to be extremely and overly conservative, using the average tipping fees in the states as a base, $43 per ton, a large facility saves $3655 a day in tipping fees and that does not include transportation costs. Taken to a five day work week, it's just under a million dollars a year, again this does not include transportation costs (truck, fuel, driver).

The JBI staff at the presentation were extremely upbeat and enthusiastic about what has been happening recently and look forward to when they can let us know what all the new developments are.

z

P2O Processor Improvements

From GWMAN:

This may be the single, most important and informative paragraph I have ever read in the 18 months I have had my shares:

In addition, he has added significant technology to guarantee fuel quality, along with installing an inline fuel additive injecting system on both heavy and light fuel condensing systems. He has also engineered a hot-tap residue removal process. Quality control includes two columns for control and specificity of fuel fractions, a cyclone (particulate removal in vapor), fuel filters (particulate removal in liquid), and a centrifuge (additional redundant particulate trap), as well as column enhancements to guarantee particulate free fuel. Fuel additives are injected inline while fuel is being produced to increase their effectiveness. The residue removal system now works while the processor is running, so the reactor does not have to be cooled down and stopped to remove residue.

Everytime I read it, I cannot help but agree with some of the higher share price targets others here have posted.

BTW, I also think this paragraph clearly explains some of what has been happening in the four months since JBI was granted permision for commercial production and since JC came on board.

z

Tuesday, April 12, 2011

Thoughts - From Rawnoc

JBII = first self-viable (doesn't need government help) green energy process is history.

Trilions of dollars has been pissed away on unviable green processes, and they've all failed to date. Electric cars, hybrid cars, wind power, solar power, geothermal, nuclear, ethanol, biodiesel -- all failures and are only profitable of viable with government handouts and are all failures on their own.

JBII has the only process I'm aware of that actually works -- that is, it makes energy for less than the economic cost of producing it while being a net benefit to the environment vs. traditional means. Nobody else, after trillions of dollars worldwide, has successfully developed Jack Ship.

Some say JBII isn't a threat to big oil because the most they could even hope to produce would still only be a tiny percentage of the world oil needs. I disagree. The price of oil is largely determined by speculation and emotion and fear. JBII is a threat to that very emotion that is a large component of oil prices. By potentially giving people hope and calming down fear by showing the world that it is possible to create an alternative means of fuel, cheap, that can support itself without the aid of wasted taxpayer dollars, then that gives the people hope. It gives them calm. It has the potential effect of hurting the psychological portion of oil prices bad.

The solution, IMO, for big oil is to be the first one to buy out JBII. Instead of pissing away $700 million on algae fuel which still costs $32/gallon to make, Exxon could buy JBII for say $100 per share, costing them only $5 billion, and have a great green image without wasting their money on crap because they have the power and muscle to turn this technology into a mega profit center that makes their $5 billion buyout investment a very profitable investment. Everybody wins. But I digress...

The point is simply that there's a massive value in JBII's technology. Trillions have been spent on others just trying to attempt to do what JBII has already done. That is, creat a green process -- any green process -- that isn't a wasted money pit. JBII is the opposite of a money pit. It's a cash making machine. Free garbage plastic is literally dumped into a hole, and they're done. The process is so automated it does everything for almost no cost and makes super premium fuel better than what is available at the pump (as opposed to ethanol which is crap and must be blended with real fuel).


z

Monday, April 11, 2011

New Updates to the JBII Website:



Plastic2Oil Why Us

We are a domestic alternative fuel company that developed, scaled, enhanced, and commercialized a process that converts difficult-to-recycle waste plastics into separated, refined fuels. We have successfully overcome significant barriers in this field, namely:

* Our process accepts mixed waste plastics.
* Our process is continuous, 20T/day and small (less than 1000 sqft)
* Residue is removed automatically without shutdown.
* The product is refined and separated fuels without the high cost of a distillation tower.
* Our equipment is not susceptible to costly pinhole leaks.
* Our process operates at atmospheric pressure.
* Our process is permitted to use its off-gas as fuel (8% of feedstock) therefore conversion costs are very low: 67kWh electricity for motors, and pumps, and approx. $7/hr for natural gas top up (if required).
* Significant labs have validated our technology: IsleChem (process), CRA (Stack Test), Intertek and Petrolabs (fuel testing), and a rigorous permit process with the NYSDEC (NY State).
* Our emissions are less than a natural gas furnace. We are not required to monitor our emissions or install scrubbers.
* Fuel additives are injected inline while the fuel is produced.
* We have significant downstream technology to ensure fuel quality control.