You should really learn to read the whole document before posting something:
"Raw plastic materials can be acquired in many forms at little or no cost." ~page 4
"Additionally, gross profit will be affected by the way in which we manage the commercial launch of Plastic2Oil and the varying cost, if any, to acquire plastic feedstock." ~page 18
More info for the masses:
"Plastic2Oil
Plastic2Oil (“P2O”) was discovered by President John Bordynuik while mining through tape drive research archives. Mr. Bordynuik found the solution to a process involving breaking down plastic molecules. This research was conducted when plastic was in its infancy and oil prices were very low. It appears to our management that the research was conducted for non-commercial purposes and had no commercial value at the time.
Mr. Bordynuik explored plastic recycling when employed at the Ontario, Canada Legislature but there was no research available at that time to make the conversion commercially viable. Mr. Bordynuik's research was triggered when beverage companies began to phase out returnable glass bottles, in favor of plastic. JBI's research has revealed that this process and catalyst is not presently commercialized. By integrating this technology into a large batch processor the Company believes that it can accomplish the following:
· Approximately one liter of fuel is extracted from a kilogram of plastic
· The gas byproduct provides the energy necessary to fuel the process thereby eliminating energy costs
· Due to our catalyst and a highly optimized process, fuel can be extracted in four hours from a large source of raw unwashed, mixed plastics
· Raw plastic materials can be acquired in many forms at little or no cost.
· This technology has significant advantages over biodiesel operations due to biodiesel's high operating costs, the high costs of raw materials, and the high energy requirements by their processes.
4
Alan Barnett, JBI's Head Chemist, will oversee the optimization and deployment of JBI's first volume Plastic2Oil processor. Alan’s experience includes over 25 years as a chemist and the key to the P2O process involves a chemical catalyst that is used to break down the plastic most efficiently.
It is important to note that technology exists to convert plastic to oil; however the processes presently utilized require excessive amounts of energy, have low yields, and in many cases cause dramatic emission pollutants. In addition there are alternative fuels being produced that do not appear to be economically viable. For instance, many biodiesel facilities have filed bankruptcy because their energy conversion costs exceed the value of the diesel product they produce.
In particular biodiesel producers have the following challenges:
· High-energy requirements;
· Very poor energy return;
· As oil prices rise, biodiesel won't necessarily become more viable;
· Large biodiesel plants incur high transportation costs of raw and processed materials;
· Algae biodiesel presently costs $32/gallon to produce;
· Biodiesel factories are heavily dependent on commodity prices of raw materials and energy prices
Management intends to exploit its technology to overcome the challenges facing alternative energy corporations."
AI
