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Friday, October 02, 2015 7:59:54 AM
Someone asked me the other week why I sold all my shares and what made me trigger my sell. I thought about it and I think by far this is my best explanation of why Plastic 2 Oil will never work.
P2O processed 1,000,000 lbs of plastic in 2012 lets says. Sold the fuel for $300,000 lets say. Broke even lets say......
IF they would have sold the 1,000,000 of plastic (PE and PP only for average of $0.20 - $0.25per lb) instead of processing it, they would have made a clear $200,000 - $250,000. I expect they could have sold the plastic for a lot more fyi.
http://scrap-plastic.net/
http://www.recycleinme.com/
http://www.recycle.net/Plastic/index.html
And the list goes on, and on, and on of people buying and selling SCRAP PLASTIC! P2O CAN NOT PROCESS PLASTIC THAT IS BOUND FOR LANDFILL.... AND THAT IS WHY THEY WILL NEVER SELL A MACHINE!
The only change in transport may be the destination. The material would otherwise be transported to a landfill. 1,350 truckloads looks to be correct and works out to less than four inbound fully loaded transport trucks per day. I think that is entirely manageable. I suppose that would also result in four outbound fuel loads per day as well. So traffic of one truck per hour over an eight hour period.
I will have to double check on the plastic bumpers. My recollection may be faulty, but from memory I believe bumpers were accepted and processed.
I think sales will occur.
Others have reported regular activity at the plant recently. I don't know if that means a pilot will occur by the end of the month or not, but I would not dismiss it.
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