Plastic2Oil Inc (PTOI)

[SteveF]

in order to produce a million barrels of diesel, would take how much plastic?

Ok, a barrel is 42 gallons. 8 pounds of plastic to a gallon, means 336 pounds of plastic to produce a barrel.

Times a million is 336,000,000 pounds of plastic to produce a million barrels of fuel.

Divided by 2200 lbs/ton is 15,272 Tons of plastic.

That's a very small part of the 50 or so million tons of plastic that goes into landfills every year....

Your math is way, WAY off - by a factor of 3! Not to mention that JBII now claims that their process uses sorted, clean plastic (eliminating landfills as a source).

A 42 gallon volume equals .2079475 cubic yards. A million would be 207,947 cubic yards.

1 cubic yard of granulated PET plastic is 490 lbs.

101,894,030 lbs (50,947 tons) granulated PET plastic for 1 million barrels of output, NOT 15,272 tons.

50,947 "short tons" (not 15,272) = 45,488 "long tons" (not 15,272) = 46,218 metric tons (not 15,272)

Where do you suppose all this feedstock is going to come from and what is it going to cost? The hype for months was that they were going to get feedstock for free, but the 10K says clearly that they are paying for it now and will have to in the future.

(Here is how I arrived at those numbers, but using a 55-gallon drum instead of 42: http://investorshub.advfn.com/boards/read_msg.aspx?message_id=49129498)