Plastic2Oil Inc (PTOI)

[Rawnoc]

PTOI "MADE" FUEL AT $10/BARREL LAST YEAR ;)

According to the filings, the average cost to make fuel at the plant was $10.53 per barrel in 2013. The rest of the cost per barrel was freight ($3.34), feedstock ($26.88), and preprocessing ($31.89). Who might be interested in owning a processor that the Engineering Firm perfected its up time and put its seal of approval on? I suppose a waste plastic producer who wouldn't have the preprocessing costs or feedstock costs and possibly even freight costs who could then realize the holy grail $10 per barrel.

The reasons cited for Agilyx's failure is manual labor costs and input energy costs. These costs for PTOI's technology are included in its $10.53 per barrel processing costs in 2013. Was Waste Management supply Agilyx with processor-ready plastic? Despite popular belief, Agilyx processes the same type of plastic that JBII does. It avoids PVC (for example) like the plague. Call them and ask. Since feedstock purchase and processing isn't even worthy of a footnote in any disclosure by Agilyx or Waste Management, and Agilyx processes the same type of plastic as PTOI yet huge bucks were paid for Agilyx's extremely expensive-to-run machine, could PTOI's proven $10.53 per barrel machines find a successful home for mega bucks? We shall see.

Per barrel costs should come down even further with higher volume production.