Monday, February 13, 2012
NYSDEC Approves Increased Rate
On February 9, 2012, JBI, Inc. received approval from the New York State Department of Environmental Conservation (NYSDEC) for an amendment to its Air Permit that allows the Company to operate Plastic2Oil® (P2O) processors at our Niagara Falls, NY facility at an increased rate of 4,000 lbs per hour.
This rate is two times the rate at which the Company was previously authorized to supply feedstock to the P2O processor.
The approval of the increased rate of operation now permits the Company to amend its Part 360 Waste Permit to reflect the storage of similar plastic volumes, and is a key component to our plans for long term growth.
This translates into a JBII Production Capacity of 281 Barrels/Day/Processor