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DCS??? Read it again. PAK-IT = DCL. = JBI.
It hasn't been paid out yet.
$1,293,939.75. A three day trial. Oops.
Can plastic be made from P2O?
So $7 - 8 million per year based on WTI $97.63 from all of RockTenn based on these numbers. Before expenses, G&A, etc.
Ragger tail composition
The pulper tail is a mixed waste stream that consists of the baling wires, plastics, tapes, rags, and other trash materials. It is made as a way to clean the trash from the vat. The wires that are around the bales are dumped into the vat with the bales. The vat has a swirling motion that causes the wire to become entangled. The plastics and other junk get caught up in the wire. Then a rope with a hood on it is placed into the vat. The wire and trash start to wrap around the rope and hook, and the rope is then pulled out of the vat. The wires hooked on the rope come out also, with the other trash entangled also. As it is pulled out, it is twisted by the swirling of the vat, and forms a very compact tailing (pulper tail), about 8 - 10 inches in diameter. This removes the trash from the vat, which allows the repulping process to continue. This tail is then placed in dumpsters and cut off in about 12 foot lengths and taken to the landfill. This tail is not dried before it is taken to the landfill which adds extra weightThe Cedar River Paper Company produces 142 tons of puiper tails per month. This is 1704 tons per year that is placed in the landfill, and this was before the second plant came on line in April. This new plant is almost twice the size of the original plant, so soon the amount of waste being landfilled will be about 2.5 times the current amount.
This is nearly 4000 tons per year. This tail takes up much space in a landfill ever decreasing in capacity. ln Cedar Rapids the amount of material landfilled must be cut in halt by the year 2000.
This is where my internship came in. l was to find options for reuse or recycling of the pulper tails. This was very hard to do because very little information was known about the waste tail, and it is a mixed waste stream that is very hard to work with. In order to explore these recycling options, the concentrations of the materials making up the tail need to be known. Since these concentrations were not known, much of my time was spent sorting through a 14.125 lbs sample of a pulper tail separating the wire, the plastics, and the pulp material. First the wire was removed and weighed.
Sample weight = 14.125 lbs
Wire weight = 6.25 lbs
Then the plastics and pulp materials were separated.
Plastics weight = 2.9 lbs
Pulp weight = 3.25 lbs
Added together, these do not add up to the 14.125 lbs sample, and it was concluded that some of the water weight must have been lost. This happened during the sorting process which took many hours, some of the water evaporated off the pulp material. In order to compensate for this loss three small samples were rehydrated to the approximate original water content. These three samples were then dried in a drying oven for 24 hours at 65 degrees Celsius weighed, and redried for 72 hours at 65 degrees Celsius in order to find a constant weight of the dried pulp material. This new weight was used to calculate the % weight lost as water and the % weight of each sample that was pulp material. These percentages were then used to extrapolate the weights of the pulp and water in the original sample. The following are the calculations and final concentrations of the original 14.125 lbs sample.
Three sample of approximately the same weight were used to find the average water loss:
[...]
Using the tonnage of waste land tilled per year before the new plant opened, 1704 tons, one can calculate the amount of each component of the pulper tails that is being land filled. The land filling of waste costs the Cedar River Paper Company $35 per ton. This is a total of $59,640 per year, and with the additional plant coming online, the amount of waste land filled will increase greatly. The total to landfill the pulper tails from both plants could reach $150,000 per year, and no one even knew the concentrations of the components of the pulper tails. Since the new plant is now operational, l will now estimate the amount that is paid to landfill each of the components of the pulper tails.
44.2 % wire X $150,000 = $66,300 to landfill the wire, a reusable commodity
20.5 % plastics X $150,000 = $30,750 to landfill plastics and non pulp material
11.5 % pulp material X $150,000 = $17,250 to landfill a product lost in the repulping process
This material is lost profit, because they already paid for it, and are now paying to get rid of it when it is their primary resource used to produce paperboard products.
23.7% water X $150,000 = $35,550 to landfill water
Each of these components of the mixed waste stream of pulper tails could be reused or recycled, but since they are commingled, the handling costs to separate them would be extremely high. This waste stream being mixed seems to cause the largest problem. If they were separated, it would be easier to recycle them.
l have been in contact with many other recycling miiis around the country, and they just landfill their pulper tails also. Some time has been spent by these mills trying to find ways to reduce the pulper tails, but as of yet nothing has been worked out. Most of the mills say that it is cheaper to landfill the waste instead of trying to reuse or recycle it. In many areas there is no limit to the amount of waste that is landfilled, and so the mills will continue to landfill the waste until they have an economic incentive to discover alternative methods of disposal.
l have been looking into the possibility of salvaging the wire from the tail. Most scrap metal salvaging will not accept the tail because it is hard to handle, and it is not very economically worthwhile. They claim that the steel (wire) concentrations are not high enough for them to go through the work of separating the wire from the other wastes in the stream.
Trying to find a use for the tail seemed backwards to me, but it is the direction the industry wanted to go. To me it would make more sense to eliminate the mixed waste stream before it is made. The waste stream would be much easier to handle if it did not contain so many different components. The wire would be much easier to salvage, and there are possible uses tor the remainder of the tail. One such use for the plastics and the pulp material is pelletization for use as burning fuel. Industrial paper waste is bought, pelletized, and sold by General Fuels Corporation in Neenah, Wisconsin. This fuel can be used to heat buildings or burnt instead of coal in electrical power plants.
There are a few problems with removing the wire before repulping though. The wire is what allows the pulper tail to form, which is the cleaning process that removes the trash from the pulping vat. Without this tail, a new process must be created. One possible solution to this is a pulper scavenger. It is a new type of vat that can separate the wastes from the pulp fibers without a tail. These vats are in the developmental stages now, but it would cost the industry large amounts of money to install these new vats, and remove the old ones. The mills operating today would most likely be against a complete shift to these pulper scavenger vats because of these tremendous costs. This new vat also brings about another problem. if the wire is not needed to form the tail, how does one remove it from the bales before it enters the vats. The industry is developing prototypes of a bale dewirer to solve this problem. There are still glitches in the process though, and the prototype misses wires, which is unacceptable to the mills. Each prototype also costs $250,000 to make, and the upkeep would be large.
l also investigated other methods of wire removal, including a magnetized conveyor belt. Since the wires are cut, a magnetized conveyor belt could separate the wire and cardboard and paper as it fell into the vat. This solution has its flaws also. One is that a magnetized conveyor belt has not been developed to this scale. Another problem is that the bales are so heavy and bulky that they would just pull the wires into the vat even if a magnet was holding them.
Extract -
Cedar River Paper Company and Pulper Talls
http://www.rrttc.com/index.php?option=com_docman&task=doc_view&gid=19
or
http://docs.google.com/viewer?a=v&q=cache:iflwNRqVZjAJ:www.rrttc.com/index.php%3Foption%3Dcom_do...
Yep It's been confirmed by RockTenn that JBI will be mining for ragger tail in the monofills.
Typically our mills generate 30 to 40 dry pounds each of ragger tail and miscellaneous plastic rejects per ton of OCC recycled. Currently some of our mills dispose these materials through third parties, while others have on-site monofills. Trial loads of ragger tail have been processed at the JBI Plastic-2-Oil facility in Niagara Falls.
So of 3.5 million tons that equates to 70,000 tons of ragger tail and miscellaneous rejects. Does anyone remember what percentage of the ragger was metal? paper? plastic?
Have you read your summary DD lately?
We'll know when the 10Q comes out. Truth?
I don't use the data here or on otcmarkets or otcbb. I use the sec site.
The data on ihub is outdated on the financials tab. Very.
Non-Accelerated Filers:
* 10-Q: for Quarterly Period Ended 09/30/11 due Monday, November 14, 2011
MONDAY......(insert JAWS music here)
RockTenn Recycling and Waste Solutions We do not know the number of tons located in our monofill but we have been burying plastic for several years.
one monofill? The agreement only says landfills. RockTenn's website only says landfills.
Do a search of the word mono or monofill in the Master Revenue agreement. Does anything come up in the agreement? Search on the word "landfill". Comes up numerous times.
http://www.sec.gov/Archives/edgar/data/1381105/000121390011004040/f8k072911ex10i_jbi.htm
RockTenn shall provide to JBI such Plastic Feedstock, including ragger tail, generated by the RockTenn Facilities as is available. Notwithstanding the foregoing, the Parties agree that RockTenn does not guarantee a minimum or maximum amount of Plastic Feedstock to JBI. RockTenn shall provide all Plastic Feedstock to JBI at no cost. Should RockTenn make such Plastic Feedstock available at a landfill or other unit located on a RockTenn Facility, JBI shall be responsible for obtaining all Governmental Authorizations for, and the costs of, removing the Plastic Feedstock from the landfill or other unit, transporting it to the License Area, processing it through the JBI Machines, and paying all other costs and taking all other actions required to convert such Plastic Feedstock into Fuel. The Parties agree to cooperate with each other to obtain the approval of Governmental Authorities and accomplish such other actions as may be necessary to beneficially re-use Plastic Feedstock from a RockTenn Facility landfill or other unit so that the same can be converted into Fuel in compliance with all applicable Laws. JBI may accept and process plastic feedstock provided by third party sources; provided that, JBI shall not accept any third party feedstock until all Plastic Feedstock provided by RockTenn has been processed. JBI shall be required to accept and process all Plastic Feedstock that RockTenn shall make available to it.
Makes absolutely no sense at all. Where does it say in ANY printed document there is no ragger tail in the monofills?
Bales of film are not the same as ragger tail or product in the monofills.
Wonder if any of these sites is a "plastic-only" monofill?
From the Rock-Tenn annual report.
We have been identified as a potentially responsible party (“PRP”) at six active “superfund” sites pursuant
to Superfund legislation.
http://phx.corporate-ir.net/External.File?item=UGFyZW50SUQ9NDA3OTU0fENoaWxkSUQ9NDE3NTA4fFR5cGU9MQ==&...
Specific sites
http://scorecard.goodguide.com/smart-search/one-word.tcl?query_string=rock+tenn&x=0&y=0
was that a facebook post too?
"super excited" post on Facebook? LOL
RockTenn is a NYSE trading company. They are required to disclose material public information that could affect their stock. Do you think a 10 year exclusive agreement that supposedly will make a huge financial difference to that company is material?
Immediate public disclosure of material information—A listed company is required to make immediate public disclosure of all material information concerning its affairs, except in unusual circumstances.
http://usequities.nyx.com/amex-equities-regulation/listed-company-compliance/public-disclosure
Original investors also believed that after the tapes were read they would be fed into the P20 machine and make oil. Along with tires, etc. And this would all be PR'd using the media credits that were worth 10 million dollars. Pakit was supposedly being used by thousands of stores for cleaning and it would be easy to go from that to retail.
What is "PTC"?
PTC is set for 11/9/11 at 9:30am.
No tour - sorry. A cocktail reception and a dessert bar that is out of this world.
http://www.nysar3.org/docs/22nd-Annual-Conference-Registration-Packet.pdf
So the agreement does NOT say 'hundreds of processors'. JBI's PR said that RockTenn COULD support that many. But we really don't know that from the agreement.
Where does it say 'hundreds of processors' in the agreement? Is that an assumption?
Thanks. Time to up the diopter on the old reading glasses.
June PIPE $4,528,000 PIPE
http://www.anslowlaw.com/showdeal.aspx?Type=38&Year=2011
Tankers filled YTD:
For the three and six month period ending June 30, 2011, revenues of P20 include fuel sales from the Niagara Falls, New York facility of $47,480 revenue from sale of processed waste product (primarily paper fibre) of $33,621 and incidental revenue from sale of products of $4,914.
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=8113017
page 27
"Honest John" mentions a lot of things . like "filling tankers as we speak" back in April and No more pipe financing etc. Wonder why there is no Video of the last AGM? Surely "Honest John" knew that not every shareholder would be able to attend. Shouldn't all shareholders have the same information?
JBI has a history of filing later than the posted deadline date.
They have 5 days past Tuesday, November 15th to file the 10Q.
They have to file the NT-10Q by Wednesday, November 16th.
The have to file the 10Q by Monday, November 21st.
http://www.secfile.net/SEC_calendar.htm
They're already in trouble with the SEC. If they had good news, it would have been released.
It's Quiet Period time. Companies don't want to be accused of price manipulation when a filing is due.
IMO there will be no news of value prior to the 10Q.
I'm sure there will be time. There are only 8 vendors exhibiting. And the speaking sessions are concurrent - meaning there is more than one session going on at the same time in a different room.
Turned out to be a PIPE prospectus LOL.
www.jbiglobal.com goes to CMS
http://www.jbiglobal.com goes to CMS
http://jbiglobal.com goes to P20
45 sites. $7.70 a share. NASDAQ filing fee paid. 30 ton processor on site. 4 business units.
2 years ago it was on the cusp.
It's on the brink of something.
When do you think they'll be done with the "foreplay"?
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Thursday, January 21, 2010 12:35:55 PM
Re: Bullishfrombirth post# 38598
Post # of 44884
My first JBII post here at $1.01
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=40872634
The move to $7.70 was just foreplay.
Facebook is such an accurate source of information. Thanks for that! Anything more current?
RockTenn closing another facility. On Christmas Eve.
http://www.martinsvillebulletin.com/article.cfm?ID=30653
Officials: RockTenn to close plant
About 100 workers to lose jobs
Click to Enlarge
Area officials have been notified that the RockTenn plant at 588 Industrial Park Drive (above) will cease operations and terminate all employees on or after Dec. 24. (Bulletin photo)
Friday, October 28, 2011
By PAUL COLLINS - Bulletin Staff Writer
RockTenn Co. has told local and state officials that it plans to permanently close the former Smurfit-Stone Container plant at the Martinsville Industrial Park in Henry County.
One hundred employees will be impacted, several local and state officials said they were told.
Martinsville City Manager Clarence Monday said he received a letter Thursday from William Kuntz, project team leader with RockTenn. The letter says the plant at 588 Industrial Park Drive will cease operations and terminate all employees on or after Dec. 24.
An attachment to the letter lists the affected job classifications and the number of employees in each classification: administration, two; craft worker, five; first/mid-management, six; laborers, 26; operatives, 64; professional, four; and technician, three.
Those numbers add up to 110. The reason for the difference between 100 — the figure given to local officials — and 110 could not be determined Thursday.
Kuntz and George Melvin, area employee relations manager and human resource contact person during the closure, referred all questions to John Stakel, RockTenn vice president-treasurer. Stakel did not return phone calls Thursday.
Monday said he was contacted by another representative of RockTenn earlier this week about the closing. He said he was told the closure does not affect other RockTenn plants. RockTenn also has a plant on Frith Drive in Ridgeway.
Henry County Administrator Benny Summerlin, who said he got a phone call about the closure Tuesday from RockTenn’s corporate office, said his first concern is the employees. Due to the high unemployment rate, it will be more difficult for them to find other jobs, he said.
Martinsville Mayor Kim Adkins, who also is executive director of the West Piedmont Workforce Investment Board (WIB), said, “Whenever there is a closing, it does have an impact. We do have a strong infrastructure to help employees and their families get assistance right away.”
Adkins said that after learning about the closure, “we immediately contacted” the Rapid Response coordinator for the western region of Virginia, Beckie Cox.
Cox then contacted RockTenn officials requesting that Rapid Response meetings be scheduled, first for a management briefing and second, for the employees, according to information from Adkins.
Cox said Melvin indicated he will contact officials when the company is ready for the Rapid Response team to come in.
The Rapid Response program assists dislocated workers.
Cox said the Rapid Response team will include state and local officials, including representatives of the Virginia Employment Commission, the Workforce Investment Act dislocated worker unit, the one-stop work force center and perhaps other partners, depending on the needs expressed by company officials and employees.
For example, people may request information and services on training, medical insurance or medical care available to them, relocation possibilities, other companies hiring or job fairs, and veterans services, she said.
Cox said she is waiting for a response on whether the company will request Trade Act assistance.
If the company requests and receives Trade Act assistance, it could help with such things as training, relocation and re-employment, Cox said.
Adkins said that even if the company doesn’t request Trade Act assistance, employees can request it. Typically the Virginia Workforce Center would seek Trade Act status on their behalf, she said.
Adkins said she toured the plant once, and it makes cardboard packaging.
According to the company website, RockTenn manufactures corrugated and consumer packaging and recycling solutions, with annualized net sales of approximately $10 billion. RockTenn employs about 26,000 people and operates more than 245 facilities in the United States, Canada, Mexico, Chile, Argentina and China, the website said.
In late January, RockTenn Co. and Smurfit-Stone Container Corp. announced that the boards of directors of both companies had approved a “definitive agreement under which Smurfit-Stone will become a wholly owned subsidiary of RockTenn,” according to a news release.
That agreement was approved by shareholders of both companies in late May, a release states.