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Thursday, December 31, 2009
Great Pacific Garbage Patch
http://www.youtube.com/watch?v=uLrVCI4N67M
John Bordynuik speaks:
The bench top model was filmed months ago beginning in April. Since then we have tested in large batches and now a continuous processor. The process scales nicely.
Our "cost" per barrel was achieved by metering feedstock with output and then loaded up the business model with every possible cost including excessive costs like royalties, excessive staff, etc... We then cut the production in half while maintaining the same overhead (for a conservative approach). No 3rd party chemical firm is going to release a report and allow it to be published (they specifically state so). It comes down to their risk management. We do however provide reports for JV partners for their due diligence.
I suggest anyone who is unhappy with the information I have disclosed not to invest. I suggest investing then when you are comfortable: ie) after coming to the AGM to view a large continuous processor running, when 5 JV's are running, 10, or the P2O ship, or when we send one to the Pacific Garbage patch, whatever. Then pay the difference from what the share price is today.
I have built this business on open communications with shareholders, moreso than 99% of public companies. I won't burn 3rd party labs by releasing their reports in the public domain nor will I disclose trade secrets to the detriment of our existing shareholders. I get $1/year and have not sold a share. I get paid when the company is large and making a lot of money. My management team are only compensated by the highest form of value-based management. Our BOD will only have common shareholders who purchased on the open market for transparency, clarity, and open communications with shareholders . We aren't doing business like other public companies - we are doing business the way they should. We got this way because I did not let in JV or Funds into the company early to mess around with the Board and do the usual P&D.
I have executed 12 out of 12 times, in record time, while maintaining integrity within the company. P2O is a done deal from my standpoint, we are 100% all in. Decide when you are comfortable with it.
Regards,
John Bordynuik
CEO
JBI
Tuesday, December 29, 2009
JBI, Inc. Executes JV LOI With Rick Heddle, Signs LOI for 45 Florida P2O Sites, and Will Apply for ASE Listing (OTCBB:JBII)
The launch of P2O in early 2010 will be an exciting and important harbinger for job creation, environmental clean-up, and oil production. Plastic waste is a huge global problem, contributing heavily to landfill expansion and ocean pollution. The Company has a goal of initially establishing 2500 P2O sites with municipalities/interested parties and launching P2O ships for various countries' plastic waste retrieval and energy production.
Converting plastic to oil has previously been attempted unsuccessfully by other companies as it was not economically feasible. However, the Company's research discovered a unique catalyst that is now proprietary to P2O, as it greatly enhances the efficient and economical conversion of plastic waste to oil, allowing for a 99% recovery rate compared to 45% +/- for competing systems. In essence, the catalyst greatly expedites the cracking of the plastic and allows the Company to select on a tight curve the particular hydrocarbon to produce. Competing methods require much higher heat, considerable energy cost, prohibitively expensive residue disposal, and result in poorer conversion. There is a negative energy cost to operate a P2O processor, since 15% of feedstock weight is converted to gas to run the system. The P2O processor is not a "perpetual machine", 15% of its feedstock is consumed to provide gas to power the processor.
Heddle Marine Service Inc., established in 1987, is the only marine repair firm that operates floating dry-docks on the Canadian side of the Great Lakes. Located on land leased from the Hamilton Port Authority, the site has 160,000 square feet of land, 1,000 feet of wharfage and dock frontage, 30,500 square feet of fabrication shop and 5,000 square feet of machine shop.
This continually expanding, successful company, with 20+ years of expertise in rebuilding ships, converting tanks to cargo and cargo to tankers, will be a valuable and important partner in helping JBI to achieve its eventual goal of attaining a fleet of P2O ships to address global demand for their service. For further information, visit
http://www.heddlemarine.com/Also, JBI has signed a Letter of Intent for the establishment of an Area Development Agreement (ADA) for 45 P2O sites in the State of Florida with a newly formed entity controlled by Al Sousa of Largo, Florida.
Mr. Sousa is a seasoned executive with extensive business experience in both the public and private sectors and has been involved in a wide variety of matters including operational management of multiple entities including acquisitions, marketing, financing and governmental affairs.
In his position with a large publicly held company, he planned and implemented a start-up venture with multiple business units and annualized revenues nearly $150 million. His division had seven business segments in sixteen states with approximately 2,800 employees.
The Company expects that the ADA will be consummated by February 15, 2010.
The Company expects that Mr. Sousa's company will begin to quickly cultivate supply chains and sites for the installation of P2O sites throughout Florida concentrating first on large metropolitan areas and expanding outwards. The "Green" aspects of the P2O process is expected to solve huge problems in the area of plastic waste disposal as well as generate much needed oil for commercial use. Public-Private partnerships are expected and local, state and Federal credits are available for rapid deployment and cost effective development.
An independent lab investigation of JBI's P2O technology revealed the following information: Samples of fuels were created from various plastic feedstocks and were tested (ASTM D 5453) and confirmed a sulphur concentration less than 8.4 ppm (parts per million). Additionally, the water and sediment tests (ASTM D 1796) confirm that its fuel contained less than 0.005% water and sediment. Density tests also placed the fuel in the gasoline range.
P2O produces oil at less than $10 per barrel. In the United States, refineries have indicated that they will pick up the fuel at the price of WTI (West Texas Intermediate) price less $3, currently around $70 per barrel.
JBI's Pak-It division is being positioned for anticipated dynamic revenue growth in 2010. The Pak-It factory in Philadelphia is being completely upgraded to handle high volume retail production for their eco-friendly line of cleaning products. An experienced 5-person national sales force is being hired in January. JBI is in current discussions with a very large, established company that has had great success marketing their consumer cleaning products via television infomercials. This company has indicated a desire to partner with Pak-It in an infomercial marketing campaign. However, if an agreement is not formalized with this potential partner, Pak-It will proceed on its own to have infomercials produced and begin a massive marketing campaign.
Successful infomercials have proven to be a very effective method to rapidly attain major consumer awareness and often generate a significant increase in sales revenue. The patented, cost-effective Pak-It product line clearly appears to have all the attributes for a successful infomercial launch.
JBI will soon establish a Board of Directors consisting of key talent within the Company, including the CEO, and on their Advisory Board, as well as some dedicated open market shareholders to adequately represent our anticipated large shareholder base. Unlike many other BOD's, the Company wants to have a proactive Board that is committed and focused on the continued future growth of the Company for the benefit of all shareholders.
Additionally, the JBI websites are currently being redesigned by a group of loyal, tech-savvy shareholders. The new cutting-edge site will better reflect the Company's achievements and unique technologies. On-site videos will provide the world with a clear view and understanding of the Company's important technologies.
John Bordynuik, CEO/President of JBI, Inc., will be flying to New York the first week in January to meet with exchange officials and begin the application process to up-list JBI on the American Stock Exchange. Furthermore, at the end of January, Mr. Bordynuik will be traveling to China to meet with P2O processor manufacturers, and establish production requirements and volume agreements. The Company has previously been advised that its Chinese manufacturer could produce one P2O processor every day, with a 15-day lead time for each batch.
Furthermore, to avoid dilution, Mr. Bordynuik will be returning an additional 9 million of his personal common shares to treasury on Dec. 29, 2009. Therefore, as of that date, total outstanding common shares will remain at 46,725,106.
John Bordynuik commented, "All of JBI's dedicated team members have been working long hours and very hard to ensure an extremely successful future for our Company. I am most appreciative of all the loyal supporters who have stepped up and committed their valuable time and efforts to our shared vision of growing JBI into an extraordinary, successful company and maximizing share valuation. I wish everyone a most joyous holiday season and a very prosperous New Year."
John Bordynuik, CEO of JBI,Inc., is a technology genius.
The following links will provide investigative information on John Bordynuik, and JBI's technology.
www.johnbordynuik.com
www.jbiglobal.com
www.plastic2oil.com
www.pakit.com
http://www.canadianmanufacturing.com/plasticsincanada/news/industry/article.jsp?content=20090924_110713_6584
http://storageconference.org/2008/presentations/3.Wednesday/5.Bordynuik.pdf
http://www.johnbordynuik.com/BusinessNiagaraMagazine.pdf
Wall Street Reporter, Inc, interview http://www.wallstreetreporter.com/2009/12/jbi-inc-otc-bb-jbii-ceo-interview/
Recent press release http://www.globenewswire.com/newsroom/news.html?d=180793
Dirty Bomb patent http://www.google.com/patents?hl=en&lr=&vid=USPATAPP10731136&id=1SaTAAAAEBAJ&oi=fnd&dq=John+Bordynuik&printsec=abstract#v=onepage&q=&f=false
Monday, December 14, 2009
Massive Land Rush in 2010 for P2O Sites
Mr. Bordynuik has a registered IQ of 170 (higher than Albert Einstein's) and is considered by many to be a technology genius. His tape-reading data recovery technology has resulted in JBI having the world's largest engineering information archive. His tape-reading clients include the United Nations, the U.S. Army, MIT, Harvard, a large oil company, and importantly, JBI is sole-sourced by NASA to read all of their tapes.
The launch of P2O in early 2010 will be an exciting and important harbinger for job creation, environmental clean-up, and oil production. Plastic waste is a huge global problem, contributing heavily to landfill expansion. JBI has a goal of initially establishing 2500 P2O sites with municipalities and interested parties.
Converting plastic to oil has previously been attempted unsuccessfully by other companies, as it was not economically feasible. However, JBI's research discovered a unique catalyst that is now proprietary to P2O, as it enhances the efficient and economical conversion of plastic waste to oil, allowing for a 99% recovery rate compared to 40% for competing systems. In essence, the catalyst greatly expedites the cracking of the plastic and allows JBI to select on a tight curve the particular hydrocarbon to produce. Competing methods require much higher heat and result in much poorer conversion. There is a negative energy cost to operate a P2O processor, since 15% of feedstock weight is converted to gas to run the system,
Samples of fuels were created from various plastic feedstocks and were tested (ASTM D 5453) and confirmed a sulphur concentration less than 8.4 ppm (parts per million). Additionally the water and sediment tests (ASTM D 1796) confirm that its fuel contained less than 0.005% water and sediment. Density tests also placed the fuel in the gasoline range. Refineries have indicated a desire to take as much fuel as JBI can produce, due to its high quality, "pre-refined" nature in contrast to wells' oil which requires much more refining.
P2O produces oil at less than $10 per barrel. Refineries will pick up the fuel at the price of WTI (West Texas Intermediate) price less $3, currently around $70 per barrel.
The Company plans to process a minimum of 20 tons per day per site. Each P2O site is able to process a 20 ton batch of plastic feedstock in two to three hours. However, JBI will have a continuous feed function that could enable 24/7 production, resulting in much higher output. Processing 20 tons of plastic produces 20,000 liters of fuel or an equivalent 110 barrels of oil. One P2O site produces (assume 6 production days/week) 20,000 x 300 = 6,000,000 liters per year = 37,739 barrels / year
Over 16 million tons of plastic waste is generated annually in the U.S. alone and about 2.2% of all plastics is currently recycled. Worldwide, it's a huge problem! JBI offers a viable solution with its revolutionary P20 technology.
Further information is available at http://www.jbiglobal.com