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