PTOI "MADE" FUEL AT $10/BARREL LAST YEAR ;)
(1) There is nothing "obvious" about the mythical claim that they need to or ever washed plastic especially at the recycling center. Anybody who has been there knows there were no hoses anywhere, certainly none in active use anyway, and the plastic bagged and tagged was always filthy as was the plastic successfully processed into fuel at the P2O plant. The company's "own filings and public disclosures" say nothing about any mythical washing of plastic. Even latest DEC stack test involved filthy, dirty, unwashed plastic. The website says, and even the DEC will confirm to anybody who calls them, "The P2O processor accepts unwashed, unsorted waste plastics." You can't "wash" out fillers, dyes, cotton, ink, and other crap often mixed into waste plastic and often unacceptable by traditional recycling methods. Also, the filings say they "can" process heat transfer fluid, and it helps, but it never says they "need" heat transfer fluid (aka cheap waste oil).
(2) According to the filings, the average cost to make fuel at the plant was $10.53 per barrel in 2013. The rest of the cost per barrel was freight ($3.34), feedstock ($26.88), and preprocessing ($31.89). Who might be interested in owning a processor that the Engineering Firm perfected its up time and put its seal of approval on? I suppose a waste plastic producer who wouldn't have the preprocessing costs or feedstock costs and possibly even freight costs who could then realize the holy grail $10 per barrel.
(3) If waste oil can be obtained for $1/gallon (or $42/barrel) or less as some have stated, any use of waste oil in the process is converted into higher value fuel so it's not a burden but a bonus. Extra bonus if the buyer of a processor produces waste oil.
(4) The reasons cited for Agilyx's failure is manual labor costs and input energy costs. These costs for PTOI's technology are included in its $10.53 per barrel processing costs in 2013. Was Waste Management supply Agilyx with processor-ready plastic? Despite popular belief, Agilyx processes the same type of plastic that JBII does. It avoids PVC (for example) like the plague. Call them and ask. Since feedstock purchase and processing isn't even worthy of a footnote in any disclosure by Agilyx or Waste Management, and Agilyx processes the same type of plastic as PTOI yet huge bucks were paid for Agilyx's extremely expensive-to-run machine, could PTOI's proven $10.53 per barrel machines find a successful home for mega bucks? We shall see.
(5) Per barrel costs should come down even further with higher volume production.
