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And how much oil has JBI produced since December 2011????
Oh, that's right, there is no documentation from JBI that allows anyone to realistically quantify the output.
How many times have there been breakdowns and reworks since then... hmmm
Wasn't it pointed out in several posts that JBI is using clean, sorted, plastic that they paid for?
Oh, once again, no way to know what JBI has paid for... obscure and conveniently grouped entries in the financials prevent anyone from knowing exactly what expenses or revenues of the P2O process really are... how convenient.
That is simply not true-
JBI, Inc. ("JBI") is an innovative North American fuel company that transforms unsorted, unwashed waste plastic into ultra-clean, ultra-low sulphur fuel without the need for refinement.
Technology Deficient JBI-
In order to clarify why JBI has issues in contrast to Agilyx which is also faced with the same problems and oppression to make P2O commercially viable, as detailed by another post 217104, Agylix is just breaking even with much more advanced patented technology that is well ahead of JBI-
investorshub.advfn.com/boards/read_msg.aspx?message_id=85321980
The contrast here is to Agilyx which has addressed these issues by widening their ability to accept mixed plastic WITH contaminates by adding process and equipment that addresses the chemical reactions that occur during pyrolysis AND they have taken significant measures to reclaim and scrub their stack output so as to prevent emissions and comply with permitting and regulations. They have also designed the reactors and supporting equipment to handle the harsh chemicals that are produced so as to prevent equipment damage, rusting, erosion and fouling caused by the creation of undesired chemicals during pyrolysis. BTW, JBI has non of this!
Even WITH the much more advanced process, wider range of acceptable plastics and method for utilizing contaminated waste plastic Agylix STILL has issues with breaking even or turning a modest profit on the endeavor. JBI is forced to use SPECIFIC types of plastic that has NO CONTAMINATES which much further limits JBIs ability to turn a profit.
When you look at JBI from a technical standpoint and compare and contrast them with Agilyx its like Agilyx is a tricked out 69 Chevy Camaro with some new hybrid battery powered motor and JBI is a 3 year old on a tricycle.
And yet the problem remains that Agilyx, even WITH all of their advancements, is still just barely able to cross the finish line in a respectable time.
JBI is still picking rubber out of its hair and only just thinking about how to peddle the quarter mile....
no shoes, no helmet, no clue
Funny thing about Agilyx though, They seem to be doing well, have several patents, numerous prestigious awards and they have been in much favor with government and local programs that have helped them become a seemingly solid contender to help solve waste plastic issues. Key to their modest and only average success- They are not threatening the oil industry.
JBI on the other hand has no patents, no awards, and no favor with anyone that doesn't have an ulterior motive (such as dump our trash there or take their equipment and oil for free while jbi foots the bill) and they are in no strategic relationship with anyone that holds them in any respectable regard.
JBI has effectively positioned itself as a sleazy company.
Agilyx has managed to make a number of powerful allies and become a respectable business that is quietly doing what they set out to do without over promising and under delivering.
Based on what I have read here it seems that JBI is less than forthcoming on financials and details that are provided to the public and its shareholders.
Is this true?
If so, how will the shareholders know if JBI has purchased plastic and how much they pay for it?
Will it be a line item in expenses?
Will the value be revealed?
Or will it be grouped into some arbitrary category that is easily overlooked or impossible to breakout? (like how they mix revenues in a way that obscures P2O production).
Maybe this has already been done over the last year or two... or four???
The point here is simple-
It is impossible to run a P2O machine at a commercially viable level since the cost of the plastic OR the cost to process FREE plastic is higher than the value of the oil that can be made from it.
Therefore;
JBI is in a position to demonstrate production and report the numbers. In order for them to do this they must SPEND more for feedstock than they COLLECT in oil sales.
So IF they report ANY significant oil production in Q4...
How will anyone know if they did it AND actually made a PROFIT?
With $55,000,000 in expenses so far, is it possible that there are hidden costs for plastic?
Could JBI FAKE profitability??? Commercial viability???
Could JBI have made an assertive effort to wiggle around the numbers in a way that allows them to gain from doing this?
Let's face it, if they provide validation to commercial viability it could do wonders for them.
If they get creative on the books and massage the numbers for the reports they could very well FAKE IT for a while and HOW WOULD YOU REALLY KNOW?
MOTIVE-
Time and Reality has forced JBI to PUT UP OR SHUT UP
They know they can not P2O for profit (hence the 4 years of not running and constant excuses)
They now need a LAST HURRAH in order to CASH OUT
What better way to pump the price of the stock, FAKE VIABILITY
How would you know?
Until your investment goes down the tubes once they-
"go on... take the money and run
Hooh hooh hooh!
go on... take the money and run
5x rapid clap
Haaah ooooawoll"
steve miller
A FUNDAMENTAL MISUNDERSTANDING REMAINS.
Plastics destined for a landfill have no significant value.
So what are your thoughts on the fuel agilyx is producing needing to be heated while transporting?
anyone want to ARGUE this point? anyone that touts Agilyx want to argue this point?
JBI is making P20's for world wide distribution.
NEWS FLASH
March 5, 2013
Plastic worth more than oil!
Landfill bound plastic cost more to use than its worth!
JBI has no way to turn a profit!
As it turns out, waste plastic cost more to make it useable in P2O process than just buying good recyclable plastic. A continuing problem for P2O companies such as JBI because recycle plastic values are greater than the oil value that can be obtained from that plastic. Subsidies provided to plastic recyclers have helped to sustain a growing market value for plastic, yet 97% of waste plastic continues to go to landfills.
In our exclusive interview with Dr, Goldsmith we obtained the following insight- "The problem here is simple, post consumer and post industrial plastic cost much more to recycle that its worth, that's why so much ends up in a landfill every year. If it cost more to separate and decontaminate it than its worth this will continue to happen. Using waste plastic in a P2O process has many technical challenges that prevent it from picking up any slack here. The main problem is the cost, even free plastic incurs significant handling, separating and decontaminating expense not to mention shipping, storage and immense volume manipulation expenses. Most people do not realize the chemistry involved in P2O cracking and the complexity regarding contamination, for example, something as simple as using plastic sheeting from a farm, even the slightest amount of fertilizer or farm related chemicals (or even ink) that comes in contact with the sheeting and then is introduced into a P2O reactor can cause dangerous chemical reactions that can damage the equipment or worse produce deadly toxins that contaminate the oil, the char or the air emissions. You have to be very specific with what you put in a P2O reactor or the consequences can be deadly. This is why this technology has not become commercially viable in the US, because it cost more in sorting and decontaminating to feed the machines than the value that you can get out in oil."
Very insightful information that seems to conclude that Plastic to Oil still has significant technical challenges to overcome before anyone can move into sustained commercial operation.
BlowHolePress
A wholly owned subsidiary of BeachedWhaleMedia
THE FUNDAMENTAL PROBLEM STILL REMAINS-
Madison County can give JBI all the FREE contaminated plastic it can all day long... Once JBI processes it to allow it to be fit for its reactors IT IS NOW WORTH MORE ON THE RECYCLE MARKET.
If you can remove the contaminates economically it would already be done... But since it cost MORE to do this than it can gain on the recycle market IT IS NOT.
If you run contaminated plastic in the JBI machines the contamination has to go somewhere... in the fuel, in the char, in the air...
Even the simplest of contaminates can cause deadly results not to mention breaking emissions, EPA and permitting plus fouling and breaking the machines.
Personally, I have come to the conclusion that the RockTenn deal isn't really a deal at all.
You see, we have looked into the possibility of recovering waste plastic from RockTenn from these so called monofills and have found that there isn't any plastic of value in them... why you ask? Simple, RockTenn is quite good at recycling and they profit from it at the top of their class, they do not discard anything of value on the recycle market.
Now I do find it interesting that this rumor has spread to become a central point of redemption for people that try to justify away THE FUNDAMENTAL PROBLEM.
Problem is that the alleged 'deal' was actually with a company called SmurfitStone which was acquired by RockTenn. This in itself does not mean that JBI has any 'deal' with RockTenn or if RockTenn can/will honor it under the circumstances.
Second, it is interesting that the new CEO was formerly employed by RockTenn... hmmmm
Seems that a bit of inside communication and a little spin can launch quite a story to help make JBI look good to investors (sounds like a media credit issue revisited to me, how long until the SEC is back in the picture here)
Third, THE FUNDAMENTAL PROBLEM REMAINS, if there was plastic at RockTenn IT WOULD STILL BE WORTH MORE THAN THE OIL THAT CAN BE MADE FROM IT!
I do not know the motives of any one of the alleged very rich people who have invested millions and millions of dollars in this company
Perhaps the story is similar to that of most great philanthropists in their later years... maybe he looks back on something in his life and feels compelled to donate to a cause that somehow makes him feel at peace... Perhaps he crushed the business hopes of someone named John in his early years-
"Hugo, my good man... find me a start-up company with a founder named John and invest heavily... no matter the outcome or the circumstances... just make it so"
or, perhaps he just needs a few idle loser tax toys to play with...
If you chose to refer to the shareholders as 'morons' those are your words...
Personally, I think a clever scam can deceive anyone no matter their wealth or status, it happens all the time...
nonetheless it doesn't change the FUNDAMENTAL PROBLEM THAT PLASTIC IS WORTH MORE THAN OIL!
PUT ANOTHER WAY-
PLASTIC IS MADE FROM OIL
PLASTIC CAN BE MADE FROM OLD PLASTIC
THE PLASTIC PRICE IS IN DIRECT CORRELATION WITH OIL
PLASTIC IS WORTH MORE THAN THE OIL IT IS MADE FROM!
if you can sort plastic from a landfill or a post industrial source-
YOU CAN SELL IT TO MAKE MORE PLASTIC
FOR MORE THAN YOU CAN GAIN MAKING OIL!
Since there is no possible way to make P2O oil from plastic at a profit... If they want to continue this scam they may have to resort to trickery to keep the shareholders happy...
The most obvious ways to do this is to-
1. continue to provide excuses and delays that hide THE FUNDAMENTAL PROBLEM
2. provide convoluted numbers that hide THE FUNDAMENTAL PROBLEM
3. fake the output by using previously paid for or future owed plastic to hide THE FUNDAMENTAL PROBLEM
in any case THE FUNDAMENTAL PROBLEM REMAINS-
THE PLASTIC FEEDSTOCK HAS A VALUE GREATER THAN THE OIL THAT CAN BE PRODUCED.
Yes, no doubt the future reports will either show THAT THE FUNDAMENTAL PROBLEM REMAINS or they will show some convoluted mess of progress that hides the FUNDAMENTAL PROBLEM in a way that allows this scam to continue to live in the minds of those that simply do not understand the basic issues at play.
If there is any show of progress if the future reports it will only be there as a result OF FAKING THE REALITY... that's because the reality is THAT IT IS NOT POSSIBLE TO TURN A PROFIT WHEN THE FEEDSTOCK HAS A GREATER VALUE THAN THE OUTPUT!
IF LANDFILL BOUND PLASTIC could be used it could also be sold FOR MORE MONEY!
PLASTIC GOING TO A LANDFILL IS GOING THERE BECAUSE IT COST MORE TO SORT IT THAN IT CAN FETCH ON THE RECYCLE MARKET!
If it could be reclaimed for ANY use it would not be going to a landfill!
The cost involved in sorting it is MORE than it is worth on the recycle market which is EVEN MORE THAN ITS VALUE AS P2O OIL!
THE FUNDAMENTAL PROBLEM REMAINS-
You can’t turn a profit when the value of plastic is GREATER than the value of the oil that P2O can make from it!
Since the machines require SPECIFIC types of plastic, it cost more to sort the plastic than it is worth.
If you could sort SPECIFIC types of plastic to put in the machines,
YOU COULD SELL THAT SORTED SPECIFIC PLASTIC FOR MORE MONEY THAN THE VALUE OF THE OIL YOU CAN MAKE!
IF YOU HAVE TO BUY SORTED PLASTIC OF A SPECIFIC TYPE IT WILL COST MORE THAN THE VALUE OF THE OIL YOU CAN MAKE!
If plastic was easy or cost effective to sort, it wouldn’t go to a landfill
IT WOULD BE SOLD FOR MORE MONEY THAN THE VALUE OF THE OIL THAT JBI CAN MAKE
http://www.plasticsnews.com/resin/recycled-plastics/current-pricing#
(currently LLPDE is the cheapest sorted plastic available at $.31 per pound
That is $620 per ton
The best case scenario is that JBI can P2O a ton of plastic to make 6 barrels of oil
At the best possible price of $100 per barrel that only equals $600
That is without any overhead added, just the cost of plastic vs the output value
That means with nothing else counted
-$20 per ton of plastic
The more processors that you run, THE BIGGER THE LOSS!
If JBI can sort plastic, just sell it! Its worth more than the oil!!!
If JBI has access to sorted plastic, SELL IT AND MAKE MORE THAN THE OIL!!!!)
As long as there is a recycle market for plastic and the value of plastic on that market is HIGHER than the value of the oil that JBI can make-
THERE IS NO WAY TO TURN A PROFIT!
And no amount of denying it, twisting it, bs’ing it, or saying that someone will graciously give something of value away can change this fundamental problem.
Aside from the growing mass of errors, problems and issues which have obviously been well orchestrated to delay the admission of the FUNDAMENTAL PROBLEM, it is even more obvious that this has turned into a fiefdom designed to play upon peoples emotions and gain from anyone that is not intelligent enough to know any better and acknowledge that THE FUNDAMENTAL PROBLEM REMAINS!.
Absolute nonsense. JBII's system is a closed loops system. The contaiminates end up the in the residue.
That may be true for a batch system that some other companies showcased in that report use, but based on the rejected patent application and the info that JBI has provided, there isn't a snowballs chance in hell that the JBI machines can handle mixed waste contaminated feedstock without breaking emissions, breaking permits or breaking the machine.
They could have at least copied a good Chinese processor not this outdated, below average, attempt at pyrolsys... then there might have been a chance to maybe break even on the endeavor.
If plastic is so effing valuable....why does RockTenn have MILLIONS of TONS of it in monofills?
And JBII is gonna turn that plastic into GOLD......Cause RockTenn(NYSE:RKT) signed a 10 YEAR CONTRACT with JBII to do just that.......
NAH...way way off old school.....JBI uses any ol plastic.....works great makes fuel like crazy.....just crazyin'
JBI sources it's plastic from industrial sources. The companies involved are in control of the plastics they collect, so the plastics are not mixed in the first place so no sorting is required.
THE REALITY IS THAT JBI NEEDS SORTED PLASTIC
The cost to sort plastic makes it impossible to profit from or there would be no landfill plastic.
and the points in your post directly support this fact
Please explain how plastic destined for a land fill is worth more than it's weight in oil?
Why JBI must Naked Short Sell-
Since it cost more for the plastic than the money that can be made from the oil...
If JBI can find a way to NSS their P2O oil they could turn a profit.
I don't doubt that JBI will find a way (legit or otherwise) to create the impression that this is commercially viable. (legit meaning everyone involved saved and hand sorted all of their trash for the past 5 years)
That doesn't change the fact that the value of the plastic needed to run the machines is worth MORE than the value of the oil that they can make from that plastic.
It doesn't matter how many machines are running at a loss it still adds up to a net loss.
It doesn't matter how great of a catalyst they may (or may not have). You still can not make more money than you put in for any sustainable time.
The ability to fake it for a short time is certainly there.
The long term commercial viability is simply not possible when the price of plastic on the recycle market exceeds the value of the oil that can be made from it.
There are still millions of shares out there that sold for $5 and above, and from what I am led to believe, there are also millions of shares that were given away for free or at a significant discount. Those that bought shares above $5 have a lot of ground to cover just to break even... those that have shares that were free or way below $1 are no doubt going to cash in at some point and cause price instability. I am guessing that this stock is a flippers dream.
Unfortunately time is no longer on JBIs side because it will eventually be revealed that the basic profitability model is flawed... and when that happens the gains will be wiped out with a mass exodus.
Plastic is made from oil
Plastic has more value than oil
Plastic can be made from old plastic
The price to make new plastic from old plastic (recycling) is more than the value of the oil
therefore;
Turning plastic back to oil is not profitable
If it was profitable,
It would be MORE profitable to turn the plastic back into more plastic NOT back into the oil it came from (with losses to do it along the way).
How difficult is this to understand?
If it was cost effective to make oil from waste plastic,
there would be no waste plastic,
because it would all be recycled for MORE MONEY than turning it into oil.
That's good,
But when you look at the hype that was laid on so heavily 4 years ago and then you don't see results that are anywhere in line with what was promised doesn't it make you wonder if you have been had?
Then when you are presented with the facts that it cost more in plastic than the value of the oil that can be made, don't you get a bit upset that you were obviously snookered?
Its a good idea, no doubt... but when the numbers don't add up and the track record proves it... when does it become reality that this just isn't a good investment? Or do you just hold them 'just in case'? I mean wth, loss is a loss, might as well hold out some kind of hope something might one day come of it... right?
So if you were one of the many that invested in JBI back then you are holding a loss today?
Lets say you invested $250,000 at $5 per share…
So today you have lost over $200,000???
AND you have had 3 years to think about it?????
What if you invested $1,000,000?
Does that mean you have lost over $800,000???
Help me understand something here...
It looks like there were millions of JBI shares sold between 2009 and 2010 above $4 per share and for as much as $7.25... is that right?
$7.25 in Dec 2009 all the way UP to $0.92 today!
Only $54,000,000 spent since then and still no significant profits from this great 'invention'
Wow, what a great run....
LMAO
You're Welcome, good luck to you.
On the Recycle market vs. the cost for JBI to MAKE OIL...
YES, THE PLastic IS WORTH MORE THAN THE OIL THAT JBI COULD PRODUCE
THE PLASTIC HAS A VALUE GREATER THAN THE VALUE OF THE OIL YOU CAN PRODUCE!!!!!!!!!!!!
and government recycling subsidies make sure that this holds true
In order to run the JBI machines it is necessary to sort the plastic and obtain a good, contaminate free stream of specific types of plastic. If you can achieve that you now have plastic that has value on the recycling market (more value than the oil that you can make).
If you have a sorted, contaminate free supply of post industrial plastic, it is already worth more on the recycle market than it is worth trying to turn it into oil. (and spending $54,000,000 and 4 years with no results)
PLASTIC IS DIFFICULT TO EXTRACT FOR VALUE
For all of the reasons that it is difficult to obtain plastic from a waste stream for recycling would also apply to obtaining plastic from a waste stream to put it into JBI units.
The single biggest issue that creates the most troubling problem here is that JBI units can not handle mixed plastic or plastic with contaminates. Putting plastic with contaminates into the machine will cause fouling, bad gasses, bad emissions, and variations and contaminates in the fuel output as well as complex changes on a molecular level of the fuel that can render it out of spec.
In order to run the JBI machines it is necessary to sort the plastic and obtain a good, contaminate free stream of specific types of plastic. If you can achieve that you now have plastic that has value on the recycling market (more value than the oil that you can make).
If you have a sorted, contaminate free supply of post industrial plastic, it is already worth more on the recycle market than it is worth trying to turn it into oil. (and spending $54,000,000 and 4 years with no results)
Why the entire premise of JBI’s plastic to oil is FALSE-
The first problem is in the design and permit restrictions…
The JBI machines can ONLY use #2 #4 #5 and #7 plastic (and only a very limited amount of #7).
This means the plastic MUST be SORTED unlike other companies that can handle ALL plastics.
When it comes to SORTED plastic, you get what you pay for.
If you want contaminated mixed plastic that will foul up your machines and break the set emission standards, sure you can get truckloads at (only) $500 a ton.
If you want good, sorted plastic you will pay at least $750 a ton.
If you HAVE good sorted plastic you can SELL it for $750 a ton
(more than the value of the fuel you could make from it!)
If it (only) takes 8 lbs to make a gallon
and (on the best days) you get 6 US brls/ton
IT WILL COST $125/brl JUST IN PLASTIC!
OR, another way to look at it- If you just sort and sell the good plastic that is needed
to run the machines, you could MAKE MORE MONEY!
now add your $10 overhead cost (yeah, right, more like $50mill)
and you are selling $110/brl fuel for a $25 loss per barrel!!!
This math is not double dipping, or accounting for ANY of the long list of other issues previously pointed out AND it is the BEST CASE SCENARIO
(meaning min price for good sorted plastic, max yield for the process, round UP to make it juicier, minimum overhead cost, and at a sell price of $110/brl which is NOT what a WHOLESALE buyer would pay btw).
And if I was RockTenn why on earth would I put plastic in a machine (that holds no IP advantage for my business model and could make me the target of an infringement lawsuit) to turn it into anything.... and lose time and money.... when I could sell the plastic on the open market FOR MORE MONEY and do nothing to it? Why does RockTenn landfill plastic now you ask… simple- IT COST MORE TO SEPARATE IT THAN ITS WORTH!
Just another additional added point to all of the other problems....
Landfill plastic cost time and money to extract it,
once its extracted it has MORE VALUE AS RECYCLED PLASTIC than it has turning it into oil.
http://www.plasticsnews.com/resin/recycled-plastics/current-pricing
When you are permitted to ONLY use landfill plastic and you can ONLY put half of the landfill plastic in the machine or you create toxins and deadly corrosive gasses that will rust and foul up your machine and break emission regulations... then you have MORE PROBLEMS.
Once you spend the time and money to extract HALF of the landfill plastic that you can use, what do you do with the other half? Pay to put it in a landfill (ANOTHER UNMENTIONED ADDED COST) and if you actually started doing this on a regular basis or somehow managed to run at maximum capacity, in a years time you will have dumped well over 100,000 tons of UNUSABLE plastic into a landfill! (that would put you on the map as one of the biggest plastic contributors to negative environmental impact in the state of NY if not the country,… talk about bad PR for a company attempting to gain an earth friendly image)
I have not seen or heard of ANY plastic processing equipment or methods mentioned for JBI... if they were doing this it would be a good idea to let them know that they could qualify for recycling status if they sold the plastic that they separated... and between the break even cost of doing this and the recycling subsides they could get, they might just make a buck or two... oh, that's right, that would get used to pay for the dumping license they would need to get rid of that much BAD plastic that they can't use!
In the end it will become obvious why making oil for only $10 a brl on a commercial level is a misguided fraud...
And why waste management companies don’t find it commercially viable to sort and sell recycled plastic headed to a landfill…
and after 4 years and $50mill it should have become even more obvious that...
MAKING OIL FOR ONLY $10/brl IT IS A LIE.
(Why perpetual motion machines don’t work-
energy in = energy out with loss… ($50,000,000 loss and growing)
THERE IS NO WAY TO GET MORE OUT THAN YOU PUT IN!)
THE PLASTIC HAS A VALUE GREATER THAN THE VALUE OF THE OIL YOU CAN PRODUCE!!!!!!!!!!!!
and government recycling subsidies make sure that this holds true
I can't wait to see how the story ends...
I'm betting on either-
them getting caught fudging the production to make it appear that they are finally up and running,
or
them blowing the plant up to collect on insurance.
OBSOLETE SAIC REPORT
Flawed conclusion based on incomplete data back when it may have had any credibility.
SAIC (NYSE) VALIDATES JBII. $10M/Processor/Year!!:
Please do, and tell Myer I said thanks for all of his great philanthropy over the past few years....
Although I personally don't agree with some of his gift choices, like JBI, I'm sure at 87 he has earned the ability to blow his fortune any way he desires.
Perhaps the story is similar to that of most great philanthropists in their later years... maybe he looks back on something in his life and feels compelled to donate to a cause that somehow makes him feel at peace... Perhaps he crushed the business hopes of someone named John in his early years-
"Hugo, my good man... find me a start-up company with a founder named John and invest heavily... no matter the outcome or the circumstances... just make it so"
or, perhaps he just needs a few idle tax toys to play with...
Yes, I have looked very long... too long in fact at JBIs stock, company, business model and utter devout insanity...
Along with the timeframes, the non deliveries on any previous agreements, and the complete lack of managerial accountability for any of the unfulfilled milestones...
I have studied at length, the implications of their past, present and future implications with regard to their lack of IP...
I can see that the changes alone to the story, design and MO render any and all previous claims, assertions, third party findings, and business agreements invalid, obsolete and frankly moot.
I can see clearly that when you apply a baseline such as another similar company in P2O that JBI has clearly not measured up to the amount of external embodiments of goodwill such as participation in alignment with events, awards, media opportunities or ACTUAL BUSINESS. The only outward signs of life are a continuous stream of repeats of excuses, delays and empty promises.
Yes, Sir, I have seen all that needs to be seen...
and I have concluded, just as any rational business mind would conclude...
THAT JBI IS A COMPLETE AND 100% SCAM WITH NO POSSIBILITY OF DIGGING ITSELF OUT OF THE MASSIVE SINKHOLE THAT THEY HAVE DUG THEMSELVES INTO!
The most significant issue (only addressing the patent situation, there are far more significant issues with JBI) is the fact that JBI can not license any IP (intellectual property) because they don’t have any Intellectual Property.
JBI attempting to do business with another company, such as let’s say RockTenn, is in a dire position when they have no IP. Companies do not want to risk time or money on companies that have no way to protect or assure delivery on an empty agreement.
Without any IP there is nothing to license or sell.
Without any IP in a technology field, JBI is at much greater risk of receiving a cease and desist order that renders them unable to deliver on an agreement made with another company such as RockTenn.
Without any IP RockTenn, having an agreement with JBI, can be directly motioned for joinder in an infringement suit and can be held to the same accountability as JBI due to RockTenns negligence in proceeding with obvious recklessness. This is because in many infringement cases the court finds it to be incumbent upon the receiving party to do their IP homework. (its kind of like getting charged with receiving stolen property in more layman’s terms).
Without any IP JBI essentially becomes rendered a ‘lame duck’ in a field that has so many players that do posses valid IP. There is not a single credible company that would want to do business with JBI based on their lack of protection and for more obvious reasons-
NO SIGNIFICANT COMPANY OR MUNICIPALITY OR ASSOCIATION WOULD WANT TO BE ASSOCIATED WITH A POTENTIALLY HIGH PROFILE ALIGNMENT WITH JBI WITH THE OBVIOUS RISK OF IT TURNING INTO A HIGH PROFILE EGG ON THEIR FACE.
Perhaps this explains why there are no new deals being struck, no partnerships being formed and no strategic allegiances being established. (in a manner that would obviously apply… meaning that as something this epic comes to validity the number of deals begin to multiply at an exponential rate, not one a year… old news of iffy deals and unfounded claims don’t meet the criteria of exponential rate).
When there are hundreds of pyrolysis companies in Asia for nearly 20 years now and only a few struggling ones in Europe and America it begs the question WHY?
When anyone can buy a PATENTED machine from China or India for under $100,000 and it even comes with company reps to set it up and run it for a month while they teach you how to use it... it begs the question WHY?
When a company is at it for 4 years and they spend $50,000,000 and still do not have a commercially viable operation it begs the question WHY?
The answer to all of the questions is simple,
There is a concerted effort to prevent the production of oil through any company that is not directly tied to the oil industry.
Every time someone gets even close there is a magic shift in law, emissions, or, in the case of P2O, recycling subsidies that keep the goal just out of reach.
Obviously not true in Asia for many reasons...
but in the US and Europe it will not happen.
If you want proof, review history
If you want more proof, look at the present (4 years and $50,000,000)
More proof... watch and see