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Thursday, May 06, 2010 11:59:15 PM
"Well, in a perfect world we'd have a half dozen P2O processors permitted at our blending site so that we can make fuels for direct customer sales. I am excited about this site because it was not simply used just for distribution. It was used to blend gasoline and many other fuels and has a lab to self test and certify the fuel. Timing of full operation this site will depend on how quickly we can obtain permits to install P2O processors."
~John Bordynuik (2010)
any updates about this site that john was so excited about?
NIAGARA FALLS, Ontario, Feb. 12, 2010 (GLOBE NEWSWIRE) -- JBI, Inc. (the "Company") (OTCBB:JBII - News) announces that it has purchased a New York property for business expansion. The facility will be used for P2O processing and consists of a warehouse, processing building, weigh station and office space located on 10 security-fenced acres with parking availability for 27 trucks. The property, located in New York, was purchased for $100,000 down with a $270,000 loan and will serve as a primary P2O site. Additional details will be provided at the Annual Shareholders' Meeting
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