Airdale1 discusses global plastic waste problem, JBII, and P2O solution

Throwaway plastic is everywhere. Virtually every package and part imaginable is plastic based. The petroleum based miracle product of the 60's is the bane of the 21st century. We are drowning in plastic. It's a problem for landfills, dumps, the ocean, recyclers, and large cities who have to haul it away. It's an issue for the EPA and every city manager in any environmental based high tech country. We've all had two or more garbage receptacles for decades. One for "garbage" and one for recyclables, and they are both becoming a huge problem. Where do we keep putting it all?

JBII and probably others are on the right tack. Take those petroleum based plastics and return them to petroleum. Problem solved. No one company will have all the solutions. It's going to take more than just JBII to cure the enormity of this issue IMO so that argument is moot. Bring them all on.

You can argue which company or process is the best but it will be the engineers and their fancy tests for governing agencies that make the final decisions. The firm with the cleanest process, that is most efficient and that is cost effective will win the majority of contracts.

Successful companies in this niche could be anywhere from the DOW to a Pinky and they will make their shareholders a ton of money. The need for this process cannot be argued by reasonable beings, it is essential.

Islechem LLC., a highly reputable firm, has already given the green light to JBII. If the DEC issues the permits to process then JBII has a huge lead in the U.S.A. for plastic to fuel. The stringency of New York's permitting process will enable JBII to replicate quickly, country wide. They will also pave the way for others to follow their process. Big deal, there is plastic enough for a lot of competition.

We all need this process to work, we, and our children will be grateful for those who make it happen.

Steady_T justifies $10 / bbl cost estimate for P2O

All the needed information has been disclosed to support the claims of profitability.

The cost of the input material has been described as free.

That leaves the operational costs of the processor and the amortization costs to be computed.

The cost of the processor has been quoted at $200,000. Estimates by others have the cost of the building site prep etc in the vicinity of $1,000,000 for the first processor and little more for the second one.

Operational costs will be low since the process itself provides the heating gas, so the operational costs will be most personnel and maintenance.

Production has been quoted as 109 bbl / 24hrs. Twice that for 2 machines. 218 bbl /24 hrs. Assume selling it at current WTI price of $85 / bbl = $18,530 per day income.

At a cost of $10 / bbl that results in $2180 per day for salaries, operational expenses, maintenance, and amortization.

Lets say 2 employees @ $30/hr ,including benefits etc., X 24 hrs a day = $1440/ day leaving $740 / day for operational expenses, amortization, and maintenance.

Amortization of $1.5 mil over at 10 year period is $410 / day.

Leaving $330 / day for maintenance and misc operational expenses.


Yeah.... I think that there is a legitimate basis for a $10 / bbl cost estimate.