Plastic2Oil Inc (PTOI)

[Ranb2khz]

After a thorough review of the JBI, Inc. Conference Call (CC) material I have come to the conclusion that this one presented the greatest information of the current and future well being of the company to date! The paraphrased statements that follow is what leads me to believe in the imminent success of JBI, Inc. I have grouped them according to the relevance of each to one another, and listed the corresponding time frame of the CC in which the statements occurred.

The complete CC recording is available from the following link:

https://johnbordynuik.webex.com/johnbordynuik/lsr.php?AT=pb&SP=EC&rID=3069357&rKey=aa8952a718d0af18

Major Recent Events:

* NYDEC Consent Order issued and Commercial Operation commences – December 15, 2010

* JBI, Inc. executes 20 year lease on a Materials Recycling Facility (MRF) – December 15, 2010

* Appointment of a gasoline/petroleum expert to manage fuel enhancement and distribution of the P2O initiative – December 22, 2010

What the NYDEC Consent Order has allowed to Company to do:

* P2O has transistioned to an Oil & Gas Company – 02:17

* Complete a "new" air permit to run multiple machines – 22:41

* Allows the operation of 1 processor and construction of another processor – 22:50

* Sell the fuel generated from the P2O processor – 22:56

* Allows the process of "mixed" waste plastics – 23:20

* Allows the P2O Launch initiatives to commence – 32:07

* Meet with numerous large feedstock source companies and fuel industry professionals to prepare for the commercial operation – 39:22

MRF and Blending Facility:

* In house MRF does not pay for waste plastic that it collects – 08:56

* Ability to "lock up" source to supply to fuel sale within the Company in order to eliminate external assistance/resistance and to mitigate risk factors – 29:56

* Additionally the MRF (with the 300 MT solid waste (SW) permit) allows the completion of SW permits required by large waste plastic sources – 31:01

* Blending Facility can blend fuel to customer specifications – 31:47

P2O Launch:

* Three roll-out scenarios – 32:31

(1) Locate, own & operate machines on large plastic source customer's (carpet manufacturers, mills, automotive and other waste streams that normally go to landfills) property.

(2) Locate, own & operate machines at Plastic MRF's of commercial waste management companies where permitting is readily available.

(3) JV structures where JBI would own/operate machines on the partner's property. The partner would provide financing and secure plastics feedstock.

* Typical deal for a large plastic source customer is very lucrative – 33:30

* Most large plastic source customer facilities run industrial boilers and fuel-consuming vehicles – 34:21

* Potential overhead and fixed costs savings to large plastic waste source industries will be tremendous – 35:10

* Will be pursuing JV's with Al Sousa. Meeting in January 2011 to plan for path forward – 36:50

Next Steps:

* Large industrial clients that require environmental audits can now complete the audits in preparation to sending plastic streams to P2O – 40:33

* Build more processors at the NY P2O Factory – 40:33

* Waste Management, Inc. to complete the environmental audit in order to start accepting waste plastic streams from their customers – 41:20

* JV's to proceed – 41:20

P2O Processor:

* Handles mixed plastics "very well" – 11:26

* Residue is inert carbon (black powder) and other hardened material – 14:17

* Toxicity characteristic leaching procedure (TCLP) levels are well below anything currently allowed to go to landfills. Local (Niagra Falls, NY) fee is currently $30/ton – 14:55

* Onsite storage of excess processor generated gases allow for the 'cold start' of the processor. City natural gas is available for backup purposes – 16:02

* Electricity consumption is approximately 67 kW/hr, or $5/hr currently for Niagra Falls, NY – 17:11

* P2O processor emissions are cleaner than those found on common natural gas furnaces – 20:29

* Fuel tested by InterTek and Petrolabs – 24:57

* Near-diesel product eliminated with the addition of multiple condensers which seperate out the diesel, gasoline and butane fractions – 37:45

* Processor can be tuned to provide specified fuel requirements of the end-user – 38:08

* Modified plastics feeder eliminates the need for shredding and/or granulating – 38:40