Plastic2Oil Inc (PTOI)

[tykundegex]

JBI believes that permits will not take nearly that long.

Jagman said: "I'd guess a minimum of a year before operations start even with a small operation like this one"

I think they have a very solid idea of what it will take. Recall that his new mgmt team has extensive experience with setting up industrial operations via a franchise model (i.e. all the complications of getting established in multiple geographies). Pak-It Canada will soon be operational too!

I received an e-mail from JB 2 days ago.

Question: What is the estimated timeline for franchise applications & grants,and receiving of the processors themselves?

Answer: "Full roll out first Q 2010. We are already in third party validation and testing. We retained a state-certified chemical analysis company that is providing engineering analytics and results for chemical, mechanical and environmental data. They are doing extensive analysis,material balances with all the variables present in many plastics, feedstock and output analysis, safety systems and permitting. This data and documentation will allow us to deploy these processors quickly. It is easy to get our one large processor up and in production however that will not help us get these machines running in volume in various states and countries where we need varying documentation."


So the delay (hardly) of getting the big P2O up and running is intentional -- they don't want to have to do it twice. It shows again that JBI is intent on moving forward on the larger-scale, and not concerned with proving anything to anyone by demonstrating "quick wins".

It will be covered in more detail on the CC.

S.