Plastic2Oil Inc (PTOI)

[tykundegex]

To pay or not to pay (for plastic)

All this discussion of paying for plastic, or not. When you consider that it takes $10 to product a barrel of oil using JBI's process (all costs in: staff, real-estate, equipment, etc.), and oil sells for $85 a barrel today, that's $75/barrel PROFIT.

1 ton of plastic = 1000 litres of oil = 6.3 barrels = $472 profit

That still leaves plenty of margin to pay for plastic, should they have to. Even paying $100 per ton would net them almost $400 per ton, and $100-per-ton plastic is market price for 1 ton of many types of the lovely cleaned, sorted & shredded stuff.

Consider that tipping (dumping) fees are > $50/ton (at least in the UK), and that mixed unwashed plastic are not sellable today, it seems unlikely that JBI will have to pay for plastic at all.