Plastic2Oil Inc (PTOI)

[tykundegex]

Did any one else here listen to the GBRC shareholder call yesterday? Their microwave technology for converting tires to oil is still in lab-phase, but it would appear they'll compete with JBI's technology in this space.

Their JV with Phoenix Renewable Energy to process scrap tires into oil in several US states hopes to have the first operating machine up and running in... wait for it... 18 months!

They've been working on this technology since 2002 folks. Furthermore the cost to build the 3-ton-per-hour plant is measured in $ millions, not thousands, and its footprint is measured in acres, not square-feet.

So anyone who'd like to take pot-shots at JBI and accuse them of dragging their heels with commercialising their P2O technology ought to consider how they're doing vis-a-vis their competition.

Stu

P.S. I'm not a GBRC shareholder.