JBII shareholder "stu" comments on competative advantages of P2O technology

It's not just the higher yield that contributes to the profitability of P2O here.
. yield 10-15% higher = more oil revenue per ton
. speed of processing 20 tons is a couple of hours (lower staff costs / ton)
. footprint of 60m2 vs. 400m2 = lower warehouse rent/cost
. solid waste toxicity means landfillable, no expensive disposal
. net energy used is negative, some competitors require $500/day for power
. accepting PVC and PET means up to 20% more plastic is available
. fuel quality output should fetch a premium

All of these can add up to a single "site" netting over $1m / year more than a competitor's site. Do your own math and you should arrive at roughly the same number.

And the real kicker is the low up-front costs of the processors, vs. $3-5m from competitors. They pay for themselves within weeks.

And actually that's not even the kicker.. it's their entire JV approach which is made possible because the up-front costs are so low, and this will help JBI establish a huge footprint quickly -- something no other competitor can do!

This is going to be an exciting next few months folks. Hold onto your pants (and shares).

"GWMAN" responds about his resignation from JBI BOD

Though I am no longer on the Board and do not owe anyone anything, I will state the following for the record for the longs here who care about JBI:

I accumulated my postion in JBII in the latter parts of 2009 and the first few days on 2010. On any given day these days, JBII is 70+%ish of my portfolios. Though my JBII holding remains significantly in the green, even at these current share prices, I have NEVER sold a single share. Furthermore, I have no sell orders in and I have no current plans to sell any of my shares.

Somewhere down the road, I will need to sell a few shares of JBII to pay a bill or two and rebalance my portfolios, but I have no schedule in my mind for that at this time and, as long as JBI continues to show progress, I will be holding on to every share I own as long as I can within the constraints of my personal financial needs and risk tolerances associated with being overweight in a single stock.

Though I am not serving on the BOD, I do not know how to express my support of and belief in JBI anymore clearly than that.

JBI CEO speaks from the Congo

http://www.cape-2010.com/html/indexEN.html

Just posted on FB

John Bordynuik Incredible day at the conference. Many government officials are here (Congo, Nigeria, Angola, Egypt, Ecuador, Gabon, etc… . I will now be presenting Data Migration and P2O – not limited to 15 minutes. A reporter interviewed me today for P2O -- the focus of the story is to reduce the plastic garbage problem in Africa.

John Bordynuik . It interesting here because the hydrocarbon ministries need tape data migrated and the environment ministry reps here want a solution to their plastic disaster. There are engineering firm directors here that design equipment to process oil, water, and now environmental concerns.

John Bordynuik They advised me that they had not found a viable plastic to oil solution. I was advised that plastic is a massive problem and there has been no solution to date. Marine P2O appears to be the best way to best service them.

John Bordynuik Media and AGM (email questions): At this time, well over 100 shareholders have booked to tour the P2O plant. I do not believe we could give media the attention to adequately cover the story while we are touring the plant with groups of shareholders. I will be scheduling dates for media to attend with our chemists and PR present to ensure a complete and thorough (not rushed) interview

FB - John Bordynuik - Very bad internet connection
here (2kb/sec) so I will respond to questions when I get back. I have 30 hours of travel coming up. My presentation went really well and I spoke about tapes and P2O. Was interviewed by national tv for p2o. Big problem everywhere and we have the only solution (nice). Can't wait to get back.... It is very challenging here. Had to use my phone for this - no int/landline

Bottled water provides significant P2O feedstock potential

"Use of bottled water is increasing, but it takes three litres of water to produce one litre of bottled water. In the USA alone an additional 17 million barrels of oil per year are used to make the plastic containers. Worldwide, 200 billion litres of bottled water are produced every year, creating an enormous problem of how to dispose of the used plastic bottles. "

http://www.irinnews.org/Report.aspx?ReportId=88520

NewsUSA article on P2O & medical waste

Seeking Solutions for Plastic Medical Waste

(NU) - Recycling efforts tend to center around plastic water bottles and milk jugs, but few people think about the plastics used in hospitals. IV bags, tubing and other types of medical products all contain plastic. And every time a patient enters a medical facility anywhere in the world, they generate waste.

The medical waste produced by hospitals, laboratories, research centers, animal testing laboratories, mortuaries and nursing homes can pile up quickly. According to the World Health Organization (WHO), high-income countries, such as the U.S., produce about 13 pounds of medical waste per person per year.

Medical facilities use several methods to dispose of plastic medical waste. Some use incineration, which releases toxins into the atmosphere. Others use autoclaving, or a pressurized steam-cleaning, to disinfect plastics before shredding them. But most medical waste ends up in landfills.

One company, JBI, Inc., has found a better solution -- recycling plastic medical waste into fuel. Its CEO, John Bordynuik, was going through old research archives when he found information about a unique catalyst that can efficiently break down plastic molecules into an oil similar to biofuel.

This technology, now called Plastic 2 Oil (P2O), can extract about one liter of fuel from every kilogram of raw plastics.

JBI Inc., which trades on the OTC under the stock symbol JBII, is buying a U.S. air filtration and custom air ventilation company that has worked with the U.S. Army Corp of Engineers, as well as numerous federal agencies and organizations within the health care industry. This new acquisition will allow JBI, Inc. to recycle medical waste plastic through its P2O process.

The company is looking for facilities that can be converted into P2O factories. Those who allow P2O factories to run on their property will receive extra fuel from the P2O process.

For more information, visit www.plastic2oil.com and www.jbiglobal.com.

"hipichikk" opines on CEO's speaking ability

iHub poster Hipichikk discusses CEO John Bordynuik's credible speaking ability / performance. John is currently in the Congo, where he has been invited to be a guest lecturer at the African Petroleum Producers Association symposium, speaking about JBI's unique tape transaction technology.

She states:
"John did an amazing job speaking at the Mass Storage Conference in September 2008. This was sponsored by NASA and some major players were in attendance, in Baltimore, Maryland, if I recall correctly. It was big and so was he - I mean, they were blown away by his solution to reading legacy computer data and his presentation was factual, comprehensive and presented with alot of class. Imagine being in a room in 100's of scientists, engineers and computer brains, and giving a talk that made everyone wish they could have come up with the solution that John did. It was an awesome experience to be in audience and be part of JBI then. I am certain he will impress everyone in the Congo too. Good luck John! Shine!!!"

http://www.johnbordynuik.com

Some stats on plastic growth

Plastics

Just the Facts

In 2008, the United States generated about 13 million tons of plastics in the MSW (Municipal Solid Waste) stream as containers and packaging, almost 7 million tons as nondurable goods, and almost 11 million tons as durable goods.

The total amount of plastics in MSW—about 30 million tons—represented 12.0 percent of total MSW generation in 2008.

The amount of plastics generation in MSW has increased from less than 1 percent in 1960 to 12.0 percent in 2008.

Plastics are a rapidly growing segment of the MSW stream. The largest category of plastics are found in containers and packaging (e.g., soft drink bottles, lids, shampoo bottles), but they also are found in durable (e.g., appliances, furniture) and nondurable goods (e.g., diapers, trash bags, cups and utensils, medical devices).

Markets for Recovered Plastics

Markets for some recycled plastic resins, such as PET and HDPE, are stable in most geographical areas in the United States and are expanding in many others. Currently, both the capacity to process post-consumer plastics and the market demand for recovered plastic resin exceed the amount of post-consumer plastics recovered from the waste stream. The primary market for recycled PET bottles continues to be fiber for carpet and textiles, while the primary market for recycled HDPE is bottles, according to APC.

In the future, new end uses for recycled PET bottles might include coating for corrugated paper and other natural fibers to make waterproof products like shipping containers. PET can even be recycled into clothing, such as fleece jackets. Recovered HDPE can be manufactured into recycled-content landscape and garden products, such as lawn chairs and garden edging.

The plastic lumber industry also is beginning to expand. New American Society for Testing and Materials (ASTM) standards and test methods are paving the way for use of these materials in decks, marinas, and other structural applications for both residential and commercial properties.

P2O - Plastic waste feedstock is ABUNDANT

Plastic stats...........
# Americans throw away 2.5 million plastic bottles every hour.
# Every year, Americans make enough plastic film to shrink-wrap the state of Texas.
# Plastic bottles make up approximately 11% of the contents of landfills.
# If all of the plastic drink bottles sent to landfills annually in N.C. alone were lined up side-by-side, they would extend more than 106,250 miles.
# 1-PET plastic recycling rates are down. While the total number of plastic bottles recycled in the US has steadily increased over time, the recycling rate of the most widely sold and collected type, #1-PET, has dropped in the last decade, according to the American Chemistry Council.
# Plastic waste is increasing. The amount of plastic in municipal solid waste has increased from less than 1 percent of the total in 1960 to about 12 percent in 2006, according to the US Environmental Protection Agency.
# Americans buy an estimated 29.8 billion plastic water bottles every year. Nearly eight out of every 10 bottles will end up in a landfill.
# 1500 is the number of plastic water bottles consumed in 1 second in the US!
# Plastic bags are the cause of major environmental concerns. Statistics show that we are consuming more and more plastics every year. It is estimated that an average individual uses around 130 plastic bags per year. Most of them go straight to our landfill and a very small percentage of plastic bags are actually recycled.
# Almost every hour, nearly 250,000 plastic bottles are dumped. It is not surprising that plastic bottles constitute close to 50% of recyclable waste in the dumps.
# The average time taken by plastic bottles to decompose in a landfill is close to 700 years.
# Plastic not only adds to landfill space and takes forever to decompose. Used plastic dumped into the sea kills and destroys sea life at an estimated 1,000,000 sea creatures per year!

P20 WILL NEVER RUN OUT OF SUPPLIES TO FEED THE PROCESSORS!!

"techisbest" shares CEO's email on P2O

John's email and a few notes from him...

I received in an email exchange with him via john@johnbordynuik.com:

Big P2O works. I am very happy with it. I met with islechem on Friday morning and we are in great shape. We are completing the last of the tests for national permitting data. It's residue can go into landfill (ie: TCLP levels all well below for arsenic,barium,cadmium,lead,chromium,
mercury,selenium,silver) and it does not pollute. I am surprised you hadn't come to our facility considering we are so close. I estimate probably 200-300 shareholders have toured... generally explains the strong hands. Our schedule is tight between now and the AGM. I am leaving for the Congo late next week. We have a 10k we are preparing, the end of a Q, the AGM, islechem and bg P2O and retail PakIt.. so the next 4 weeks will be very busy.

At 40,000 barrels/year per processor being conservative... the numbers are quite staggering. That is why we are "all in" with P2O.

A reasonable plastic estimate for industrial and municipal plastic waste is that 70,000 people create enough plastic to support one processor. We will not saturate at 1000 processors. Even 2500 JV's won't make much of a dent in it. Processors will process 20 tons/day (conservative). We cut this in half for our internal use. There will be two processors per site. So conservatively, with one processor running (implying one out of two) we will do 109 barrels/day/site.


It's all good.

techisbest

CEO comments on P2O quality output

Latest JB thread on FB. If you think JB's bluffing at this point you're out of your mind.

LW John, I've been reading claims that the fuel that will be produced with the P2O will not be able to be sold on the streets...Just to clear this matter up, could you describe the type of fuel that the P2O will produce?


John Bordynuik The claims are nonsense. I bought the fuel blending site to produce retail and commercial fuels from our P2O fuel. Our fuel has been EXTENSIVELY tested (as stated in PRs) and we can make whatever we want: diesel, furnace oil, bunker, etc... In worst case, we sell our fuel to a refinery at WT-$3 but in my opinion I would have failed then. Remember, the site we purchased made gasoline, and blended many other fuels...


John Bordynuik BTW, so far we have produced (natively) out of the processor: fuel in gasoline range, diesel, and also heavy fuels like furnace oils and very heavy fuels. The configuration of the processor determines what hydrocarbon we produce. We don't have any aromatics (benzene free) in our fuel and no or trace sulphur. Our process has improved a lot and I have a grin ear to ear and can't wait for the AGM.


HR I like it when you grin! :) Great job you and the team are doing.


John Bordynuik I am soooo happy you have no idea. We have a dream-team and executed 100% on this. Now it's all about how fast can we execute on high volume production (revenues)... As stated in our PR's, we already stated the ASTM fuels and conversions we achieve... see you at the AGM for one heck of a party.



John Bordynuik Shareholders deserve this.. there have been too many scams on the OTC. I am really pleased with our results. Value based management certainly has a way to keep everyone working hard for one common goal.

John Bordynuik
Latest answers to help: our fuel can be sold to refineries. We looked into that last year before we knew we could get a fuel blending site. Refineries pay WTI - $3/barrel and pickup is included in that price. They usually pick up crude from stripper wells and other oil wells. They have a 100 barrel minimum pickup. Our fuel is much better than ... See Morecrude for several reasons: 1) no/no sulphur (crude out of the ground has much sulphur in it) 2) low/no water and other particulate junk. 3) higher concentration of light hydrocarbons. Crude from a stripper well is not very clean - only 81% of it generally useful. We are starting with plastic ( is already a highly refined) without sulphur and all the contamination that comes from extracting something out of the ground. A crude barrel is approx. 159 liters so that works out to $0.47 per liter if our fuel is purchased by a refinery. Diesel is selling locally for $1.00/liter so there is a real incentive for us to blend our own and sell direct.

We use 1 processor operating to be conservative. If both processors aren't running then the JV and JBII will be very unhappy. Cleanout and maintenance is minimal -- it is a continuous processor. For cleanout the reactor will reverse (which will cause anything in the reactor to leave into a separate tank) and then continue processing with no cool down.

JBI plans to visit Pacific Garbage Patch!

John on FB:
John Bordynuik
"Aaron, Our staff is really happy with the great t-shirt presents you sent us. It was very kind. Thank you. I had a cc with Rick Heddle, Moneyhan, Scott (p2o) at noon about marine P2O and I have an idea... A well known non profit would like to charter a ship and our captain to go to the pacific garbage patch with a documentary crew and collect ... See Morelarge samples of plastic for research. We would bring a P2O processor and analysis equipment to test. They are fully financed so there is no cost to the us (at this time). We are focused on P2O (for profit) but situations like this clearly benefit the company, shareholders and the environment. Would you have time to create a t-shirt for the PGP and our work collectively (non profit & us)? I see it as a way for them to raise more capital and create awareness.

We are well aware of many patches. Mike Moneyhan has sailed through a few of them in the Caribbean. The Pacific garbage patch offers plastic as deep as 20-30' and it is growing. I wish to emphasize that P2O ships are for supporting International P2O conversion and trade, not the garbage patch. A separate ship would be retrofitted for the garbage patch due to feedstock acquisition (ie: shredded and loaded from a port vs. a mix of junk of varying sizes with salt water from the ocean)."

THAT IS AWESOME GO GREEN!

http://www.youtube.com/watch?v=BWToT-vdU5k

"SuperSquirrel" comments on JBII iHub members' posts

This board mostly reflects two major extreme views of JBII and John B. as if it were a boxing match in which someone must win and someone must lose and I think this is unfortunate as it focuses on the hair-splitting minutia of "he said she said". It does not help when those who are long JBII give off the cuff answers such as, "did you call the CEO?" or make wild speculative guesses to the answer when it is not public knowledge.

I can understand on the surface the reasoning from those who think this is a "scam" as that was my first impression but when you look closer, it is missing several key "scam" ingredients because:

1) The CEO has not been taking money out of the company or selling his stock.

2) The CEO has not been getting a paycheck (ok $1 - lol).

3) The CEO brought in his personal business that took years to build and only charged JBII for the price of equipment (and it looks like the best year ever for the tape reading business).

4) The CEO has not had a past record of fraudulent activities or fleecing of investors.

5) The CEO is more interested in "stock voting rights" to maintain control of the company than he is in holding millions more in personal shares.

6) The CEO has been good to past JBII shareholders and if it was a scam don't you think the CEO would have cashed in some or all on the $.10 to $7 plus run?

7) Deals are actually being completed. This started with one company and is now four.

All of the above elements added together make a strong case to me that John B. really believes that he has the key to turn plastic into oil. Islechem tests should provide a clearer picture when they are published and I believe we will get that report before the shareholders meeting just as John B. has said.

While it is very good to be skeptical, I tend to give John B. the benefit of the doubt because of the above.

The stock has had a major run over many months and it has been in pullback mode since the last PR's so it may drift lower on low volume and no news. I admit that it is hard to value JBII as the market cap obviously got ahead of itself at $7 and even if JBII can do everything he claims, some of that is currently baked into the market cap and it will take time (it always takes longer than it takes).

John B. is not a typical CEO and there is good and bad in that which probably has caused some of those "red flags". He is unpredictable and yet very responsive. Some shareholders may not like that but most will. Some lessons are only learned by experience and he is still new to the publicly traded CEO role, so there are bound to be some mistakes. Outside the box thinking can be a real asset as long as he also seeks wise counsel and does not let his position go to his head. You never know what will happen next or when solid validating information will be released but the shareholders meeting is not that far from now so it could get interesting really quick. Time will tell.

Everything I state is just my own opinion so do your own DD.

Buying great stocks is important but buying great stocks at a great price is even more important.

P2O technology has major advantages

The process of breaking down hydrocarbons from plastic is well known and a youtube search will give you enough clips to watch. The process outputs a synthetic oil black liquid and is heavy polluting. EPA has closed a few, if not all, of those facilities in the US. It is the technology currently used in China and elsewhere in third world countries.

The catalyst we use reduces the pollution bellow EPA regulations and produces gasoline or diesel, not synthetic oil. It also processes all types of plastic, requires no sorting, mixed with metals, mixed with food, mixed with any other type of components.

More answers from FB by John:

John, I've been reading claims that the fuel that will be produced with the P2O will not be able to be sold on the streets...Just to clear this matter up, could you describe the type of fuel that the P2O will produce?

The claims are nonsense. I bought the fuel blending site to produce retail and commercial fuels from our P2O fuel. Our fuel has been EXTENSIVELY tested (as stated in PRs) and we can make whatever we want: diesel, furnace oil, bunker, etc... In worst case, we sell our fuel to a refinery at WT-$3 but in my opinion I would have failed then. Remember, the site we purchased made gasoline, and blended many other fuels...


Disclosure: I'm a shareholder since day 1 and currently a JBI Senior PA

CEO explains P2O benefits

"Brig" e-mailed John and asked him what kind of scrap works in the P2O machine....here was his reply:

Initially in April 2009, we believe we would be limited to processing certain kinds of plastics (somewhat sorted). That has changed significantly since building several continuous processors (small and big).

At this time we can process dirty plastics without any difficulty. We do not need sorted clean plastic. The lab results show little difference between running PP, PE, HDPE, LDPE, or pvc for that matter (PVC is preprocessed before entering the reactor) sorted/combined/cleaned or for that matter a composite, when run in our processor and I have that data to back it up. It's the classic what you put in you get out. If I process 1 lbs of plastic and half of it contains rocks then I am really processing 1/2 lbs of plastic (converted to fuel, propane and possible some residue from colour additives) and the 1/2 lbs of rocks stays in the reactor. If we process a unique plastic that is made up of 25% metal then the metal stays in the reactor.

Do we must have to pay for plastic? No we don't. I have a contract for mixed plastics, free, for ten years and that is no big deal because I don't have any difficulty acquiring plastic. We are happy to receive dirty plastic (ie: mixed, composites, etc..) . What you have to remember is we get out what we put in.. so if a unique plastic contains 5% heavy metals then the heavy metals stay in the reactor and we get 95% of the remainder converted to fuel, propane, and then up to 2% additional residue.

You haven't brought the argument of well "JBI will create a commodity out of dirty plastic" . No we won't -- we only would if we let JV's bid for feedstock. If we don't get it for free then I don't want it and they can continue to pay trucking and dump tipping fees. I tell any potential supplier of plastic that we are not paying anything for it in advance to avoid senseless discussions of pricing junk plastic. Our FL group has run into some of that but it doesn't last long... Bottom line is I will then save their competitors money by processing their plastic and reducing their costs. A supplier came to our site here and wanted to get paid a couple cents a pound and we sent them away. They came back a week later willing to give us the plastic for free when they realized we are not going to let dirty mixed plastics become a commodity.

80% of all plastic goes to landfill and that is the plastic we are acquiring -- NO ONE buys it now and it is expensive to discard. I don't want the other 0-20% of high quality, highly sorted, super clean plastic that some (few) pay for. The Chinese control that market and it is very cyclical.

Annual Meeting shareholders will see an operating P2O processor

Attendees at the Annual Shareholders' Meeting will be invited on a tour to see a large P2O processor spewing out oil. See the following message from CEO John Bordynuik:

From John on Facebook:

JBII: I will be issuing a release soon but we need to schedule tours through our P2O factory on Sunday April 25, 2009 (Annual Shareholders Meeting weekend). Please advise christine@johnbordynuik.com if you would like to attend. The site is industrial and we do have to supply safety gear so we must schedule small groups.

"...and we are not disclosing the location of any of the sites until Saturday at the Annual Shareholders Meeting. The purchase of both sites falls under the material reporting threshold."

John Bordynuik JBII from FB: We are scheduling tours of the P2O factory on Sunday April 25, 2010. We will not be scheduling tours of the fuel and blending site because it is approx. 30 minutes away from the P2O factory and it will take about 3 months to get permits to install P2O processors. Any shareholders wishing to tour the blending & distribution site can arrange to do so this summer when we have machines installed there.

John confirms OS & AS numbers

From John on Facebook:

On April 23, 2009, I acquired JBII with 63.7M issued and outstanding shares. The TA has now confirmed that a total of 31M of my shares (as stated in our PRs) have been cancelled. The company now has PakIt, Javaco, P2O, and the tape business, cash, all accretive to JBII with an issued share count of 50,102,200. The outstanding unrestricted is the same count when I bought the company.

...and we still have 13M shares we can issue for accretive investments or acquisitions before we match the original issued shares of the company.

JBII: The TA states we have 23,450,000 unrestricted shares as of yesterday. If you look at the shell company filings (page 5), as of Dec 2008, 310 Holdings Inc had 21,000,000 + 2,450,000 unrestricted shares = 23,450,000 unrestricted shares. No common stock has had the restricted legend removed in the last year.
http:/.../www.sec.gov/Archives/edgar/data/1381105/000118518509000498/holding310-10q33109.htm

Patent expert opines on P2O catalyst

iHub poster "Scandle34" shares his opinion on patenting JBI's P2O catalyst:

"“ regarding the catalyst. Looks to me like something that you would want to keep as a trade secret if that is possible. Reason being that if you patent it you will have to disclose it to the world, you will gain control over it but since you cannot tell if anyone else is using it what good would that control be? You just need to investigate whether or not keeping it as a trade secret is commercially and contractually feasible given that you want to allow others to use the catalyst.”

Rules of patenting:
* If you can't prove infringement then don't patent it, unless the only point of the patent is to brag about the patent.

* If someone cannot easily reverse engineer it and then do it cheaper, don't patent it.

* If you are using something that aleady exists in a new way, you might not get the patent so don't disclose it.

This from someone that has filed 3 patents a year for the past 7 years and has (so far) a 100% issuance rate.