Plastic2Oil Inc (PTOI)

[tykundegex]

Mr. Diamond, this has been covered a lot in the past -- I know there is a massive amount of messages on this board, so here's a summary:

JB has stated oil from plastic costs about $10/barrel to produce, which includes all the staff to operate the site (one past post details what it covers, and it seems very conservative). A site hosts 2 10MT processors, and can do (minimum) one batch each / day = 20 tons (batch takes < 2 hours).

That means each site produces 126 barrels of oil per day. This oil fetches WTI-$3 / barrel, or roughly $70.

So each site will gross $2.2m / year (assuming 260 working days / year) at current oil prices.

Of course a processor can do more than a batch per day, even considering cleaning, maintenance, and down-time. Oil prices can rise or drop too. But that's the general math.

Stu