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Description:
1. The JBI plant is located at 20 Iroquois Street, Niagara Falls, N.Y. The
main building is an existing 12,000 square foot single story steel
industrial building originally used as a gas generation building by
AGA-Burdox Gas and more recently used as a Magnesium Recycling
facility. The building will now be used to produce an oil similar to
diesel fuel from source separated recyclable plastic. An initial
Plastic2Oil process unit was installed and tested during 2010. This
permit action authorizes the construction and operation of three
Plastic2Oil process units.
http://www.dec.ny.gov/dardata/boss/afs/permits/929110034800002.pdf
From the start it was planned to have 3 processors in this 12,000 sqft building processing P2O. I don't understand why to build a 7200 sqft fabrication shop and have 2 units processing. I believe that would get in the way of processing/fabrication and pose a safety issue with fuel and welding/sparks in the same facility. JMO though.
And the Shorts will be on that like flies on Goo!
Well, as an investor, can we look at their revenues to determine if we want to invest. Hmmmmm
Hope this helps. This was in 2010 and our throughput has increased since the premelt and modifications.
“It takes energy to produce energy. The key is to get more energy from the final product than it takes to make it,” said JBI, Inc. CEO John Bordynuik. “Our process has a high positive energy balance of 2.0, while gasoline from crude has a negative energy balance of 0.81.”
http://www.globenewswire.com/newsroom/news.html?d=188631
More from John B: (positive net energy balance)
JG:
John,
There is a lot of talk on the boards about what is meant by this statement: "The energy balance of the process is positive; that is, more energy value is produced than is consumed by the process. Early data suggests that it is by as much as a factor of two."
I am seeing comments like: "Energy value in this case is barrels produced. Their statement says that the energy factor is "as much as two" which means for every 2 barrels created you have to consume 1 barrel. That means 50% of the feedstock is consumed in the process. Their previous claim was 15%."... See More
Please let me know if the following explanation I provided is correct:
Energy Value: "Energy Value is the heat of combustion of a fuel given per gram of fuel. The higher the energy value, the more energy is released, the better the fuel."
From the IsleChem report: "The energy balance of the process is positive; that is, more energy value is produced than is consumed by the process. Early data suggests that it is by as much as a factor of two."
John Bordynuik emphasized this: "Our process has a high positive energy balance of 2.0 while gasoline from crude has a negative energy balance of 0.81."
It takes 340 lbs. of plastic to produce 1 barrel of oil using the P2O process. That 340 lbs. of plastic has an initial energy value, usually expressed in Joules per unit of weight (see the definition above). The barrel of oil produced has its own energy value. Another way of talking about energy value is the amount of heat that can be produced from the potential energy in the fuel being burned.
IsleChem is saying that the energy value of the plastic is about 1/2 that of the oil produced by the process. This is separate from the cost required to go from the plastic to the oil, which John Bordynuik has stated is around $10 per barrel.
A barrel of gasoline has a smaller energy value than the crude oil that it started from. But we don't burn crude oil in our cars, so we need to process it. There is a cost to the process that is separate from the starting and ending energy values. If it cost more to convert the crude to gasoline than the value of the gasoline produced, do you think there would be a business model that makes sense to do that? Clearly there would not be. The oil companies are making lots of money.
Do not confuse energy value with process cost.
John Bordynuik
Hi J. A "positive net energy balance" does NOT mean we consume 1 barrel for every two we produce. I was going to explain what is scientifically meant by "the positive net energy balance" yesterday but I believed some fools would actually think either: "perpetual motion" or "2 at the high cost of 1 barrel" which would then give skeptics and ... See Moreinvestors an idea of who really knows what they are talking about and those that don't. The energy conversion of our process shocked islechem actually. If our net energy balance was highly negative then it would not be worth processing plastic (like our competitors). Our process consumes approx. 4000 BTU of heat (off gas) to convert 1kg of plastic into approx. (0.9046kg) 44,000 BTU of fuel. The positive net energy balance means we get twice the energy out of the fuel than we get in the combination of: (energy in the plastic feedstock plus energy used to convert to fuel). This is independent of the price/barrel because in most cases we get the source energy (that is feedstock) for nothing or paid to accept (tip fee).Therefore, we are not paying for that energy. The off-gas comes from the feedstock. We actually have a surplus of natural gas so we will pipe it to a generator.
BTW: The $10 cost/barrel is the result of our P2O FL management team heavily loading up costs on the overhead side (building, staff, utils, maintenance, legal, permitting, capital costs, etc..) +and cutting production in half. We are proceeding conservatively to provide JV's achievable numbers.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=48949321
Divvy is a premature issue at this time but I see the relevance of flushing out the NS's. Wont an uplist provide that too?
http://www.plastic2oil.com/site/faqs
Does JBI, Inc. pay a cash dividend?
No, JBI, Inc. has never declared or paid a cash dividend nor do we expect to pay any dividends until such time as our cash flow will support it
Since when did P2O output become goo?
A degraded emphasis on the word goo is just an attack on JBI's end product of spec fuel and oil to it's customers.
Clean Fuel Production
One of the most significant differences between our process and any other waste into fuel process we've seen on the market to date is the quality of our fuel. At JBI, Inc., "quality" means "ultra-clean, ultra-low sulphur".
Fuel Analysis Equipment
To support us in producing our high quality fuel products, JBI, Inc. has a fully equipped fuel testing laboratory, which includes:
Molecular Analysis Equipment GC/MS - Gas Chromatograph with Mass Spectrophotometer; GC/FID - Gas Chromatograph with Flame Ionization Detector; ICP-OES - Inductively Coupled Plasma Atomic Emission Spectroscopy; Distillation Unit
Fuel Specifications Analysis ISL Sulfur Analyzer; ISL Silicone Analyzer; ISL Cloud Point Tester; ISL Pour Point Tester; ISL Flash Point Tester; Centrifuge; Lab Furnace; Temperature Controlled Environmental Chamber with Recorder
The Importance of Ultra-Low Sulphur
Ultra-low sulphur diesel is a type of diesel fuel that contains 15 parts per million (ppm) or lower sulphur content. This diesel fuel is often referred to as “clean diesel” because the sulphur content has been reduced by more than 95%. In 2010, the U.S. Environmental Protection Agency (EPA) mandated that 100% of highway diesel imported into or refined in the U.S. must meet this low sulphur standard. The reduction of sulphur in diesel enables and preserves the operation of advanced emissions control systems on light- and heavy-duty diesel vehicles.
The use of advanced emissions controls leads to an environmental benefit where oxides of nitrogen and other pollutant particulates are drastically diminished. Currently, ultra-low sulphur diesel is primarily produced by petroleum. JBI, Inc.’s ultra-low sulphur diesel offers a unique alternative that is high quality, ultra-clean fuel derived from a plastic waste feedstock.
Fuel Comparison
The fuel quality from our P2O process is notably better than the typical boiler fuel purchased by large industrial users, as shown below.
http://www.plastic2oil.com/site/clean-fuel
Now that it's speculated as Solvay NY being an obvious choice site at the Rock-Tenn facility and it being public now from the article, maybe a PR regarding the first RKT site is closer than we think
Rock-Tenn Co Corrugated Packaging
53 Industrial Dr, Syracuse, NY
(315) 484-9050 () ? · rocktenn.com
solvay paperboard · containerboard
.
Is right on the edge of Solvay. Hmmmm
Nice plug for Plastic2oil in the article. Thanks
I mentioned the divorce issue 1 year ago as a factor being that Evan is a major share holder and they are both on their second marriage. Hope that is not the issue and I am sure I will be told that since it does not directly involve Inca to not worry about my investment. Hmmmmm. No. I would worry.
http://marriage101.org/divorce-rates-in-america/
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=57770395
If the Month of December PR trend continues then there is 1 more present hiding behind the tree still. Could it be....
Just Grin'n
OOoops. What I was thinking and what was coming out on the keyboard just didn't come out right late last night. Where is 4? lol
Facilities
The Company plans to move its fabrication unit from the existing facility to the new building shortly after construction is complete. The construction of a secondary location for fabrication was imperative as it will allow the Company to continue manufacturing processors without interrupting operations and fuel production going forward.
I interpret the above as a transition/shift in fab locations.
Oh Yes I know they are currently using outside fab. Just trying to say If they do not continue to retain or expand outside fab which is better said based on the below quotes from the 10q
Facilities
The Company plans to move its fabrication unit from the existing facility to the new building shortly after construction is complete. The construction of a secondary location for fabrication was imperative as it will allow the Company to continue manufacturing processors without interrupting operations and fuel production going forward.
Expanding Plastic2Oil Factory in Niagara Falls, NY
Due to the inability to negotiate mutually beneficial sales terms, The Company did not purchase the machine shop it set out to acquire in Q2. Alternatively, the Company is constructing a 7200 square foot building on its existing Niagara Falls, NY property. This building will house the Company’s fabrication operations. The new building will allow the Company to fabricate and assemble processors without disrupting processor operations and fuel production
http://jbii.ir.edgar-online.com/fetchFilingFrameset.aspx?FilingID=8256938&Type=HTML
The Company has retained two fabrication vendors to produce racked modules for Plastic2Oil processors. All modules will be manufactured in the U.S. The Company's management and new hires are working with the fabrication vendors to expedite manufacturing. During the first and second quarters of 2011, the processor was modularized for simplified expedient production and assembly of processors offsite.
http://www.plastic2oil.com/site/faqs
With the plug and play, pre melt, and tweeks made, time is of the essence to get these babies on the product line pumping out 2 or more a week. So even if JB pays a premium in outside fabrication assistance then I hope he does and mans up every RKT site form here to China in a hurry while signing more contracts for P2O sites. But if JB IMO wants to over see and only fabricate at its Niagara facility then my numbers of 1.5 per month from June 2012 stands as my conservative guess. Peace
Trying to stay conservative I am going to say JBI will have a total of 15 processors running by the end of 2012 and that will include the 3 in Niagara. 2 and 3 are complete or near and 5 and 6 are being built. I suspect the first processor to come out of the new fab shop on site will be in around June at a process rate of 1.5 per month there after unless they retain outside fabrication then the numbers would increase I suspect. Just my speculation though.
Excellent news recently on fuel sales. I personnally do not believe JB would ink fuel sales unless he knew he could deliver and that makes me believe processor 2 and 3 are either near or online now. We have a lot coming together now with processors 5 and 6 being built for RKT site and the 7200 sqft onsite fab shop almost complete. I think it would be appropriate for JB to layout the time frame and some details of the P2O rollout after the fab shop is complete with production beginning. 2012 will definately be an exciting year for JBI.
Maybe our next headline will be processor 2 & 3 online. When they do you can just kiss the $1's & $2's good buy and hello $3's and $4's
Nice stocking stuffers for December so far. Ho Ho HO.
Yesterday, December 21, 2011
12:03 PM ET JBI, Inc. Signs Long-Term Fuel Supply Agreement with Indigo Energy Partners, LLCGlobeNewswire
December 19, 2011
16:33 PM ET JBI, Inc. Appoints Matthew J. Ingham, CPA, as Chief Financial OfficerGlobeNewswire
December 15, 2011
13:10 PM ET JBI, Inc. Receives Air Permit ExemptionGlobeNewswire
December 7, 2011
14:30 PM ET JBI, Inc. Successfully Completes Its Final P2O Stack Emissions TestGlobeNewswire
Agree. There's a huge plastic pie out there that we are just beginning to nibble at. Let's see how big of a slice we can get.
When comparing the two their end result goals are the same. Process plastic into oil (spec fuel), sell, make money. The business strategies are different where Agilyx is selling the machines to endusers into the millions of dollars ea. JBI is owning and operating with the plastic supplier incentive of % of revenues or discounted fuel. My feelings are similar too that JBI has the better technology and I am convinced JB has the better business strategy to gain Market Share rather quickly once the roll out fabrication begins. I believe many large investors are sitting idle to hear/see details on the manufacturing side along with RKT's intitial site. The next 2 quarters should be rather interesting and revealing to what a monstor we may become.
I am well pleased with the progress of JB and know the pps will soon reflect for a monetary reward. I have 2 Roth IRA accounts, 2 children's accounts and then 3 separate personal accounts with an A$$ load of JBI. Just seeing how JB is laying everything out for huge long term growth is exciting to be part of in the stage that we are in. GLTA
Processor Enhancement
Q1: The Company’s CEO designed further enhancements to the P2O processor in early 2011, including two columns supporting 4 catalyst trays. In addition, he added significant technology to guarantee fuel quality, along with installing an inline fuel additive injection system on both heavy and light fuel condensing systems. He has also engineered a hot-tap residue removal process. Quality control includes two columns for control and specificity of fuel fractions, a cyclone (particulate removal in vapor), fuel filters (particulate removal in liquid), and a centrifuge (additional redundant particulate trap), as well as column enhancements to guarantee particulate free fuel. Fuel additives are injected inline while fuel is being produced to increase their effectiveness. The new residue removal system works while the processor is running, so the reactor does not have to be cooled down or stopped to remove residue.
Q2: During the second quarter of 2011, the Company built a fully equipped fuel testing laboratory at the Niagara Falls, NY site to facilitate instant certification of fuel products. The P2O processor is capable of producing #6 fuel, #2 fuel, diesel, and light naphtha. The Plastic2Oil processor has been tuned to reduce naphtha production to less than 2% because the market price for naphtha is significantly less compared to #2 or #6 fuel and therefore the Company does not intend to make Naptha contracts a priority. The Company’s management has invested much time, testing, and production efforts towards large companies to execute significant contracts such as RockTenn. During the first quarter of 2011 the processor was primarily used to test feedstock from large sources of free waste plastic in order to pass "Cradle to Grave" audits from feedstock to end user fuel. During the second quarter of 2011 the Company designed and engineered a premelt loader for the Plastic2Oil processor to eliminate handling, shredding, and bagging of waste plastic. During the modularization of the processor, the CEO was able to eliminate the off gas compression system in favor of a simplified low-cost off gas handling rack (4’ x 4’ x 4’) for better control and at 1/5 of the cost. The cost savings through modularization has been used to offset the cost of the premelt loader.
Q3: The Company successfully designed, engineered and fabricated a plastic premelt system. The premelt system is now capable of accepting mixed, un-shredded plastics in addition to plastics that are comingled with various metals. The premelt system operates from the waste heat of the original P2O reactor system and has the ability to separate the comingled metals from the plastic. This capability became especially critical for processing RockTenn material such as raggertail, as well as other large bales of compacted plastic. The raggertail was demonstrated to be successfully processed during a visit by RockTenn representatives and will significantly increase process efficiency at RockTenn sites, as well as alleviating a great deal of sorting efforts from many of the Company’s current and future plastic feedstock suppliers. In addition to the completion of the premelt system, the Company further enhanced the New York processor by installing Low Nox (Nitrogen Oxide) burners. This addition will further reduce emissions and was important when seeking permit exemptions in other States. This improvement enabled the Company to seek an air permit exemption in another State, eliminating many months of extra work and cost.
http://jbii.ir.edgar-online.com/fetchFilingFrameset.aspx?FilingID=8256938&Type=HTML
http://www.cocogroup.com/
Phone: 416.633.9670
Email: paving@cocogroup.com
Priorities
The Company focused resources in Q3 on finalizing and completing the construction of the premelt system, ordering components for and fabricating processors #2 and #3, and initializing site preparation for the rollout of processors at the first RockTenn site. The premelt system is now complete. In addition to these priorities the Company also continues to develop long term relationships with multiple feedstock sources as well as negotiating and finalizing large fuel supply agreements. The Company expects to finalize fuel supply agreements as soon as anticipated fuel demand from prospective customers can reasonably be met. Management’s highest priority continues to be bringing processor #2 and #3 online so the Company can become cash flow positive
http://jbii.ir.edgar-online.com/fetchFilingFrameset.aspx?FilingID=8256938&Type=HTML
Investor Relations Contacts
Investor Relations Manager
John P. Zervas
Email: jpz@jbi-ir.com
US & Canada: 1.877.307.7067
International: (001) 561.922.6750
Transfer Agent and Registrar
Pacific Stock Transfer Company
4045 South Spencer Street, Suite 403
Las Vegas, NV 89119
Telephone: 702.361.3033 / Fax: 702.433.1979
Independent Auditor
MSCM LLP
701 Evans Avenue 8th Floor
Toronto, Ontario M9C 1A3
Telephone: 416.626.6000 / Fax: 416.626.8650
Legal Counsel
Anslow & Jaclin, LLP
195 Route 9 South
2nd Floor
Manalapan, NJ 07726
Or you can write:
20 Iroquois Street, Niagara Falls, NY 14303-2164
I do not believe anything I post will appease you. If you would kindly contact the above for more info or possibly a tour I feel you would be satisfied.
The Company receives free waste plastic for our Plastic2Oil processor(s) from Chrysler, General Motors, major food packagers, dairy companies, agricultural plastics, and many other sources. The company is recycling thousands of gas tanks, bales of plastic film and many other free plastics that are usually sent to landfill. The Company does not pay for any plastic. None of the plastic that the Company has received to date at the P2O factory has required sorting. The Company continues to receive large supplies of plastic feedstock at both its Niagara Falls, NY and Thorold, Ontario facilities, and retains a significant backlog of feedstock. The Company anticipates continuous processing of this supply upon completion of the second stack test and assembly of processors #2 and #3.
http://jbii.ir.edgar-online.com/fetchFilingFrameset.aspx?FilingID=8256938&Type=HTML
The following labs have validated our technology: IsleChem, LLC (process), Conestoga-Rovers and Associates (Stack Test), Intertek, Petrolabs, Alberta Resource Council, and Southwest Research Institute (fuel testing). Islechem determined our waste plastic solution to be repeatable and scalable, converting 85-90% of the hydrocarbons into low sulphur fuel, with no evidence of air toxins or toxic residue.
In addition, the Company’s fuel has been tested by customer labs and their 3rd party tests including Coco Paving, Oxy Vinyl, and numerous others. In addition, a rigorous permit process with the New York State Department of Environmental Conservation (NYSDEC) was conducted and operating permits were issued. Chrysler conducted an extensive audit and continues to ship free plastic to our factory. After months of comprehensive due diligence, RockTenn (NYSE:RKT) executed a 10-year exclusive agreement for conversion of their waste plastic into fuel which has been measured at thousands of tons per day. In addition to many other local plastic feedstock sources, General Motors also continues to provide free waste plastic to our P2O facility.
http://jbii.ir.edgar-online.com/fetchFilingFrameset.aspx?FilingID=8256938&Type=HTML
Department of Code Enforcement
--------------------------------------------------------------------------------
745 Main Street, P.O. Box 69, Room 306
Niagara Falls, NY 14302
Telephone: (716) 286-4450
Fax Number: (716) 286-4454
Hours: Monday-Friday
8:00 a.m. – 4:00 p.m.
Including Noon Hour
Processor Production
The Company has contracted two fabrication shops to manufacture the reactors and towers in racks. The Company has also ordered a prefab building for its P2O factory property for fabricating proprietary and trade secret components for the racks. The racks have been standardized to limit the number of parts and vendors in the supply chain that the Company must depend upon. Transient delays in Q3 were related to supplier companies being bought out, moving, or ceasing operations. The Plastic2Oil processor system is now 10’ wide by 120’ long. On November 15, 2011, the Company was granted Honeywell Maxon OEM (Original Equipment Manufacturer) status. This certification will allow the Company to order and receive key processor parts on a priority basis. It is anticipated that this will save the Company significant time and money moving forward.
http://jbii.ir.edgar-online.com/fetchFilingFrameset.aspx?FilingID=8256938&Type=HTML
Expanding Plastic2Oil Factory in Niagara Falls, NY
Due to the inability to negotiate mutually beneficial sales terms, The Company did not purchase the machine shop it set out to acquire in Q2. Alternatively, the Company is constructing a 7200 square foot building on its existing Niagara Falls, NY property. This building will house the Company’s fabrication operations. The new building will allow the Company to fabricate and assemble processors without disrupting processor operations and fuel production.
http://jbii.ir.edgar-online.com/fetchFilingFrameset.aspx?FilingID=8256938&Type=HTML
In August 2011, China implemented regulations that greatly limit waste plastic importing. The regulation strictly limits waste import licenses and the waste plastic product must be used as a raw material in a new product. This regulation was implemented to curb pollution caused by burning waste plastics. As of November 2011, the regulation was tested and enforced in Guangzhou province and it successfully resulted in reducing waste plastic imports by 80%. China warns that strict enforcement of the new regulations will soon be extended to the entire country. The Company expects this regulation to be very beneficial in securing long term feedstock supply.
http://jbii.ir.edgar-online.com/fetchFilingFrameset.aspx?FilingID=8256938&Type=HTML
Shortly after completing the backend refining of the plastic2oil processor, the company sought protection of its intellectual property for its plastic2oil process by filing for international patent protection. The Company's management is working with its IP council at Osler and anticipates filing more applications in the near future for various aspects of the plastic2oil process. The Company has filed confidential patent applications with the USPTO to protect its intellectual property.
http://jbii.ir.edgar-online.com/fetchFilingFrameset.aspx?FilingID=8256938&Type=HTML
Plastic Feedstock Supply
The Plastic2Oil process accepts a wide range of difficult-to-recycle, unwashed, unsorted waste plastic.
Although many sources of feedstock are compatible with our process, at our Niagara Falls, NY facility the initial focus is on post-commercial and industrial sources. Waste plastic from these sources is readily available in large supply and the opportunity to partner with JBI, Inc. offers a cost-effective solution for companies who currently have to pay to dispose of this plastic waste.
JBI, Inc. is also partnering with businesses and municipalities who collect waste plastics. Typically, this waste plastic is delivered to independent Material Recylcling Facilities (MRFs), where it is often sent to landfill. Our vision is to help redirect these waste plastic streams, preventing them from entering local landfills.
Examples of industrial waste plastic currently being processed are:
Patent Pending Process
JBI, Inc.'s Plastic2Oil (P2O) process accepts mixed sources of non-recyclable plastic. Although many sources of feedstock are available, we are focusing initially on post-commercial and industrial sources, since these are readily available in large supply, and present a cost-effective solution for companies who currently have to pay to dispose of this plastic waste. We currently have several companies providing plastic feedstock.
The hopper is loaded with approximately 1,800 pounds of waste plastic using a forklift. The plastic is loaded into the processor by a continuous conveyor between the hopper and reactor. The plastic is then passed into the processor chamber where it is heated using its own previously made off-gas. P2O achieves internal recycling, which adds to efficiency and cost reduction.
In the reactor, the plastic hydrocarbons are cracked into various shorter hydrocarbon chains and exit in a gaseous state. JBI, Inc.'s proprietary catalyst and unique process engineering enables us to capture nearly 90% of the hydrocarbon content of plastic. Any residue or non-usable substance (approx. 2%) remains in the processor chamber and is automatically removed while operating. From the processor, the gasses that are fuel oil and diesel are condensed and separated, then proceed into temporary fuel tanks. All of the gaseous "light fractions" (off-gas), such as methane, ethane, butane and propane, exit the temporary fuel storage tank and are used to fuel the process.
The fuel output is transferred to additional tanks for storage automatically by the system. Our automation system controls the conveyor feed rate, manages system temperatures and the off-gas compression systems, as well as periodically pumping out the newly created fuel to storage tanks. The P2O process is closed-loop.
The entire cycle for one 1,800 pound load takes less than one hour to process into fuel.
John Bordynuik designed further enhancements to the P2O processor in early 2011, including two columns supporting 4 catalyst trays. In addition, he has added significant technology to guarantee fuel quality, along with installing an inline fuel additive injection system on both heavy and light fuel condensing systems. He has also engineered a hot-tap residue removal process. Quality control includes two columns for control and specificity of fuel fractions, a cyclone (particulate removal in vapor), fuel filters (particulate removal in liquid), and a centrifuge (additional redundant particulate trap), as well as column enhancements to guarantee particulate free fuel. Fuel additives are injected inline while fuel is being produced to increase their effectiveness. The new residue removal system works while the processor is running, so the reactor does not have to be cooled down or stopped to remove residue.
In Q2 2011, the Company modularized and standardized the system to racked reactors, feeders and towers. This reduced the system footprint to a few unique modules, making fabrication and installation for deployment simpler.
Many of these process variations are unique to JBI, Inc. and we have started the patent protection process. We will continue to seek patent protection on subsequent innovations as they develop and need protecting
http://www.plastic2oil.com/site/process