Tuesday, September 07, 2010 5:53:13 PM
$70 oil - $10 cost to produce = $60/bbl profit
$60/bbl = $377/ton of plastic
Now check the spot price on plastic on the market (the washed, sorted stuff), and you'll find plenty of it available lower than that.
and regarding:
Indeed, the scrap/waste plastic isn't given away -- they pay a $90/ton tipping fee to landfill it.
What do you prefer: free or -$90?
Mass Megawatts Announces $220,500 Debt Cancellation Agreement to Improve Financing and Sales of a New Product to be Announced on July 11 • MMMW • Jun 28, 2024 7:30 AM
VAYK Exited Caribbean Investments for $320,000 Profit • VAYK • Jun 27, 2024 9:00 AM
North Bay Resources Announces Successful Flotation Cell Test at Bishop Gold Mill, Inyo County, California • NBRI • Jun 27, 2024 9:00 AM
Branded Legacy, Inc. and Hemp Emu Announce Strategic Partnership to Enhance CBD Product Manufacturing • BLEG • Jun 27, 2024 8:30 AM
POET Wins "Best Optical AI Solution" in 2024 AI Breakthrough Awards Program • POET • Jun 26, 2024 10:09 AM
HealthLynked Promotes Bill Crupi to Chief Operating Officer • HLYK • Jun 26, 2024 8:00 AM