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Joint Ventures - not sales. In the early days the processor worked initially but eventually the stress on the Chinese kiln resulted in failure. They then manufactured # 2 - it too worked initially but clean-out (which worked, but was inconsistent) needed to be addressed thus the creation of # 3.
I suggest that if anyone wishes to buy machines (i.e. Mr. Sousa et al) they can now apply but they might have to wait for some time to fill any pending orders.
Radical change? LOL
Perhaps you should have waited and not sold - I suggest major successes are close at hand No reason to feel horrible - your family and friends will thank you when the share price explodes and they're very very wealthy soon. Glad I'm not a trader
They weren't going to sell processors to anyone in the early days. The business plan changed late last year after they created their flagship processor. If you'll read the AGM you'll discover the reasons for further evolution This is a completely different topic now than what was being discussed - not sure why/how we got here.
As you know the company just recently completed and tested their flagship processor and just recently made them for sale. I expect there will be a very long list of names I can provide you very shortly
what does that have to do with buying a kiln?
There are no changes - this has always been their goal and they've achieved it in 5 short years.
Well we know what happened when JBI bought a kiln from them - it didn't do so well. Only JBI has continuous runs of 30+ days and input of 2000+ lb/hr. JBI has continuous clean out and makes in spec fuel. Can you provide a list of companies that do that.
Your students are going to love what's coming next. Sales sales and more sales. Not to mention an independent BOD and up-listing.
We're finally coming to the end of a couple of mistakes made way back in 2009. I expect if they had to do this all over again they would not have gone public. The opposition to the company's success is something I've never thought possible.
It's business as usual at JBI - I expect they can't wait to resolve these old mistakes.
same thing different day
as has been said many many many times - they are not in the fuel production business anymore - they are manufacturing plastic pyrolysis systems for sale - the best in the world.
self-explanatory
My opinion is opposite to that of yours. To each their own. I believe that there are buyers that are very interested in buying JBI's Flagship processor. It's quite possible that the processor will sell for a little less that the amount you stated but 1st time buyers usually get a break because it is the 1st.
If I was buying I would want to do my own testing of my plastic waste to determine input/output and residual build-up. Those tests would not happen overnight and may take days but the data collected would allow me to make an informed decision.
The evolution of the processor has gone from simple 10/20 ton processors (approx. cost - $85,000) to where we are today. The flagship processor has a pre-melt system, multiple towers and stacks, fuel storage tanks, off-gas storage tanks, a pet coke retrieval system and continuous clean-out that results in long run periods (30+ days). I expect these new additions cost a few more dollars but the added benefits have resulted in longer run times and therefore greater input and fuel production numbers. The cost of these upgrades will pay for themselves very quickly as lengthy shut-downs are no longer required every few days. Awesome evolution. Well done JBI.
I totally agree - anyone wanting to buy machines will want to do a complete run of their products to determine input/output levels and the amound of residual left in the in processor.
That can be worked out - I expect processors will be sold at whatever specs customers want. There will be various needs and uses from the various buyers. The 1st processor wasn't able to run continuously. If interested let me know and I'll get word to JBI. I believe the new processor is 20 ton with pre-melt and continuous clean-out, with multiple stacks, storage tanks, and off-gas storage (which, I believe, they are trying to patent).
Absolutely agree - in fact, with our flagship processor completed we are in roll-out stage - I hope to hear any day now that we've completed our 1st sale - from there buyers will be lined up down the street.
The evolution of the processor has gone from simple 10/20 ton processors (approx. cost - $85,000) to where we are today. The flagship processor has a pre-melt system, multiple towers and stacks, fuel storage tanks, off-gas storage tanks, a pet coke retrieval system and continuous clean-out that results in long run periods (30+ days). I expect these new additions cost a few more dollars but the added benefits have resulted in longer run times and therefore greater input and fuel production numbers. The cost of these upgrades will pay for themselves very quickly as lengthy shut-downs are no longer required every few days. Awesome evolution. Well done JBI.
I expect a large part of the Crayola number was a result of the COLORCYCLE program - nice
awesome news - another year of diverting plastic away from landfill. The increase will be exponential when processors are sold around the world - well done JBI.
last I heard (December 10, 2013) the company was testing the petcoke and believed it will have great value in the future upon completion of the tests.
Yeah, can you believe they've come so far so quick and to think they've been operating 5 years and have only spent 60M. They had a staff of 40+ for most of that time and have created their flagship processor. They have 3 completed machines and 2 others 75% complete and have interested buyers. JBI will be moving up to the next level of evolution within the next 60-90 days IMO.
that wasn't to be a sale.
No sales in 5 years? Processors have only been for sale for 5 months.
Yep - no surprise - in fact, expected
JBI's process runs off its own off gases.
totally agree.
Just in case anyone missed this JBI argument, its worth reading again:
"... in order to believe many of the fictional arguments about JBI, one would also need to believe most, if not all of the following:
1-- Islechem, LLC got the initial testing all wrong
2-- The NYSDEC got it all wrong by issuing increasing permits for the processors over a 2+ year period of testing and evaluation
3-- The SAI Corp. 3 day continuous audit was not performed scientifically (notwithstanding the necessary boilerplate disclaimer after the leak of the face sheet was discovered)
4-- The American Society of Mechanical Engineers (ASME) does "faux science" and does not peer-review what they publish (Bordynuik paper)
5-- All of the outfits that have tested JBI end-product fuels are mistaken about their measurements and fuel quality
6-- Processor 3 has not really undergone two extended/continuous runs of about 30 and 42 days
7-- Crayola got it wrong and their partnership with JBI is beneficial to neither party
8-- Reports of fuel sales to US Steel on more than one occasion are all false
9-- If the processors are running well, then JBI should be bragging about it. If they are not bragging, it signals the worst
10-- When Heddle says he is negotiating processor sales, he is really just dissembling like Richard Nixon and blowing smoke.
Common sense tells me otherwise..."
I can't take credit for the above argument, but the positive sequence of JBI events implied by it cannot be denied. I would even add to it:
11. Heddle never invested millions of his own money recently and for several years previously.
12. R. Banerjea, JBI's new, world class CFO, actually has no idea how to evaluate start-up companies.
13. When Heddle said a couple weeks ago that JBI's current "defined strategy" now includes upcoming additions to the Board of Directors, he's just blowing smoke. ROFL!
I assume Mr. Sousa is now on the buyers list.
What are the names of insiders who don't own shares.
All is good here. No one needs to worry about JBII. Everyone should look at Koolmoto's matrix - it will give you at least a minimal outlook about where we're going.
not in the Niagara Falls area - south of London - about a 2 hour drive from Niagara Falls
What complete bullshit.
Well, to repeat your words, I'm "reasonable certain", he meant the processors were 75% complete. Anyone can interpret that to mean whatever they want. And yes, I expect that 25% of the cost will be installing the mentioned items at the buyers site.
It's being moved to a museum in Port Burwell, Ontario
and # 5 is 75% complete as well
Perhaps because 4 is 75% complete. I suspect that the remaining 25% is hooking up the processor at the buyers site (plumbing, electrical, gas lines, tanks, computer system etc.).
Nice Heddle Marine feature on the daily planet, http://watch.discoverychannel.ca/daily-planet/march-2014/daily-planet---march-7th-2014/#clip1072917
Wasn't RKT suppose to provide JBI with free plastic. Didn't an x-employee of RKT who was hired by Rauber sell tons of contaminated RKT plastic to JBI.
JBI started from scratch with a new company and in 5 short years they've created a flagship processor with continuous clean-out. They have evolved from a tabletop to three completed processors with processors 4 & 5 75% complete. All with minimal costs. Unbelievable.