Tuesday, March 27, 2012

Recyclingtoday.com Article Features JBI, Inc

JBI Starts up Second Plastics-to-Fuel System
3/27/2012

Headline News

Canadian company says both of its lines are permitted to operate at 4,000 pounds per hour.

http://www.recyclingtoday.com/jbi-plastic-fuel-niagara-falls.aspx


JBI Inc. says it has successfully brought its second Plastic2Oil (P2O) processor online at its Niagara Falls, N.Y., facility.

The design of the company’s Processor No. 2 is based on data retrieved while working with the original P2O processor, which since June 2011 has undergone a number of substantial upgrades, according to the Toronto-based company. JBI also says the second line’s enhancements include “a replicable and deployable modular design that leverages economies of scale [and provides] the ability to cater to specific fuel needs of customers and a reduction of stack emissions.”

Both processors are permitted to operate at 4,000 pounds per hour, the company says in a news release. Currently, the two processors are currently operating at 2,000 pounds per hour. The company expects to operate both processors at 4,000 pounds per hour once the company receives approval on its amended Solid Waste Permit from the New York Department of Environmental Conservation (NYSDEC).

JBI says doubling the plastic feedstock throughput from 2,000 pounds per hour per processor to 4,000 should double the amount of fuel output each P2O processor can produce.

“Bringing Processor No. 2 online represents a significant achievement as well as a milestone for our company,” says John Bordynuik, JBI Inc. CEO and president. “We believe this sets us apart from other plastic into fuel conversion technologies. JBI Inc. is the first company to successfully move from a pilot plant to a multiple processor, full production plant within the industry.”

JBI Inc. says it “transforms unsorted, unwashed waste plastic into clean, ultra-low sulfur fuel without the need for refinement. “

By: Recycling Today Staff

http://www.recyclingtoday.com/jbi-plastic-fuel-niagara-falls.aspx

Tuesday, March 20, 2012

JBII on Discovery Channel

JBII was visited by the Discovery Channel and Greg Wilkenson, Plastics Industry Executive. Mr Wilkenson was amazed, and said 'From non recycled plastic to 'Liquid Gold', it is a beautiful thing'.

You can see the segment here: http://watch.discoverychannel.ca/#clip641572

z

Monday, March 19, 2012

NPR Features JBI's Plastic To Oil Technology


JBI CEO John Bordynuik holds a jar of No. 6 fuel oil, derived from discarded plastic like that seen on a conveyor belt at his plant.









Startup Converts Plastic To Oil, And Finds A Niche
by Daniel Robison
March 19, 2012

http://www.npr.org/2012/03/19/147506525/startup-converts-plastic-to-oil-and-finds-a-niche

Only 7 percent of plastic waste in the United States is recycled each year, according to the Environmental Protection Agency. A startup company in Niagara Falls says it can increase that amount and reduce the country's dependence on foreign oil at the same time.

It all starts with a machine known as the Plastic-Eating Monster. Thousands of pounds of shredded milk jugs, water bottles and grocery bags tumble into a large tank, where they're melted together and vaporized. This waste comes from landfills and dumps from all over the United States.

"Basically, they've been mining their piles for us and sending them here," says John Bordynuik, who heads his namesake company, JBI Inc. He invented a process that converts plastic into oil by rearranging its hydrocarbon chains.

Vying For Mainstream Acceptance


According to tests by the New York Department of Environmental Conservation, JBI's patented technology is efficient, with close to 90 percent of plastics coming out as fuel. Bordynuik says that makes the case for this kind of recycling to go mainstream.
"When there have been attempts in the past to make fuel from plastic, it's been low-quality, low-flashpoint, kind of sludgy," he says. "In this case here, we're making a very highly refined, consistent product that's within specifications of any standardized fuel."

JBI executive Bob Molodynia points to a spout at the other end of the plastic-eating machine, where a thin, brown liquid drips out.

"You could tap this right now and this is ready to go," he says. "That's a No. 6 fuel. That's what a lot of [companies] like U.S. Steel use, a lot of major companies — that's what they pay the big bucks for, right there."

After being delivered to JBI's Plastic2Oil facility, shredded plastic is melted down in a large tank before being vaporized and formed into fuel. John Bordynuik releases some of the substance to check for quality.

Each barrel of oil costs about $10 to produce. JBI can sell it for around $100 through a national distributor. The young company is already producing a few thousand gallons of oil a day. It has signed lucrative deals to set up operations next to companies with large volumes of plastic waste.

But in its rush to grow, JBI has been accused by the Securities and Exchange Commission of overvaluing some of its assets in order to raise more funds.

The Stigma Of An 'Alternative Fuel' Label

And Bordynuik says it has been hard to find acceptance from potential oil buyers because JBI's product has been dubbed a "green fuel."

"We don't make a synthetic 'other' product that has problems," he says. "We make an in-spec fuel like everyone else. If anything, the word 'alternative' has a stigma attached to it, more so because of prior attempts."

If JBI has its way, plastics will become a significant source of domestic fuel that reduces the U.S. dependence on foreign oil. But just how "green" is JBI's recycling, when it produces a fossil fuel that pollutes just like any other?

"To enter themselves into this industry, I think that they've all bought into the idea of producing a fuel," says Carson Maxted of Resource Recycling, the plastic recycling industry's trade journal.

Maxted says he's not sure whether converting plastic to oil can be considered recycling, or even environmentally friendly. But he says JBI's methods can co-exist, and even complement, current recycling practices.

"They're getting value from something that would otherwise go to the landfill," he says, "because the plastics most of them are looking for, the plastics that are not easily recycled, they're of low quality or mixed-plastic types, or they're dirty — things that wouldn't be accepted into a recycler."

And because there's no lack of waste-plastic supply, and no lack of demand for oil, Maxted says the technology has the potential to transform both industries.

http://www.npr.org/2012/03/19/147506525/startup-converts-plastic-to-oil-and-finds-a-niche

Thursday, March 1, 2012

JBI Investor Applauds Company's Progress

finally had a chance to listen (in total) to the CC
without any interruptions :)

first let me stress each and every person does themselves
a disservice if they don't listen to the CC >> imo JB gave
input on exactly where aspects stand specific to P2O and http://www.blogger.com/img/blank.gif
clearly *explains* the time line and evolution since 2010

just a couple of things i noted from the CC >> foundation
has actually been added to >> NF is a full scale multi processor
plant and is now *the standard* for JBI going forward

first >> feedstock >> not an issue based on sourcing in 2009
mgmt has worked with officials on the NY side (hierarchy noted
with JBI being a tier above waste energy plants) on the Ontario
side >> example used re: Ontario Auto Recycling specific to
JBI/P2O effectively eliminating (auto) waste gas tanks which
could not be land filled

second >> design >> i'm in awe of the brilliance shown via the
slides >> and the explanation contained in the CC >> bottom line
is to use the word *tweak* is just wrong >> it's a complete
evolution of design change >> across all levels of the P2O
from the reactors to the towers to the ability to change out
in essentially real time the ability to produce whatever fuel
provides the most bang for the buck

third >> infrastructure >> name it >> it's been thought of and
addressed >> whether trucking or shipping by rail >> on site
labs >> *redesign* of how the beast is fed >> or the bldg
used for fabrication >> 2 purposes >> LT and ST goals >>
serves as a prototype for housing a 3 proc cluster as JBI rolls
off off site installations >> provide real templates for the
operational aspects of P2O roll out such as cost and time lines
and labor >> same bldg as would be erected >> footprint for future
growth

fourth >> distribution >> established courtesy JBI's agreement
with INDIGO >> this imo is another brilliant move by mgmt
re: fuel brokers >> on a national basis (continental united states)
(first let me note i spent over a decade in sales and marketing)
what JBI has done is find a wholesale distributor >> who does all
the leg work and most of the expense (essentially mgmt isn't spending
time and money recreating a wheel already well established) this
would include taxes

2nd ~ XTR >> fuel retailer >> home for naphtha fuel >> blending site
fully permitted >> spec'd for road transport fuels demand for *green* product

3rd ~ direct to end user >> channel provides biggest profit margin
for JBI >> extremely competitive >> past stigma gone re: alternative
energy fuel >> direct sales customers came to the plant >> chemists
tested and audited >> PO has been signed with a fortune 100 company
for initial volume of 500,000 liters and in excess of 85,000 has
been delivered >>

bottom line is demand outstrips JBI's ability to supply *current*
customers requiring mgmt to round robin fills for orders


fifth >> financing >> over the last 11
months >> 3 high net worth individuals have made
INITIAL investments of 1M$ or more >> with proc 2 online >>
JBI is now ready to seek alternative financing >> mgmt will
elaborate more on this issue in the upcoming K

sixth >> rock tenn update >> rock tenn exceptionally helpful
specific to expertise locally re: first site >> a joint announcement
re: time lines when permitting in first site's jurisdiction is done
JBI's highest priority is getting first installation completed
at this rock tenn site ~ intent with financing >> is multiple sites
(procs) going forward 12 mos

Quote:
________________________________________
has created an organization (business model) that is building
itself >> many statements in this CC will be reflected in the co.s
upcoming annual report >>
______________
__________________________

in continue to be in awe of 2 things >> proc no. 2's *explanation in detail*
(how achieved using data collected from no. 1 and imo feedback given
from clients specific to the re-design) and mgmt's continued ability
to bypass the toxic aspects pertaining to *traditional* financing
re: OTC co.s >> i'll state it again ~ based on the privilege
i've had of interacting with *PIPE* investors >> which now includes
2008 but mostly folks from 2009 ~ i have to say based on this CC
>> every word used to describe JB is showing *true* >> driven/curious
passion/brilliant/loyal/determined >> and i'll add tenacious >> something
i too can relate to :)

there is more but each person is responsible for their DD

happy as hell to be in on the ground floor of a co. i expect
will have a product (P2O) be a household name b4 this decade
comes to an end >>

as always best to JBI investors

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=72724102