Plastic2Oil Inc (PTOI)

[jjsmith]

Never said the company said they didn't need one, but the fact that they announced they would deploy the large processor in July of 2009 yet they hadn't even applied for a permit is a good indication that they didn't know they needed one. There were many posts by the moderators and assistants of this board claiming no permit was needed because it allegedly doesn't pollute.

It's real hard to figure out what the company says because there are so many facebook posts, private emails, etc company from people that it is hard to determine if the company said or did something or if a poster said or did something, especially when some posters are board members, family members, employees, etc.

From below press release "Alan Barnett, 310's Head Chemist, will oversee the optimization and deployment of 310's first volume Plastic2Oil processor anticipated in July, 2009.
"
310 Holdings Inc. Commences Operations With Plastic2Oil Processor
NIAGARA FALLS, Ontario, June 16, 2009 (GLOBE NEWSWIRE) -- 310 Holdings Inc. (OTCBB:TRTN) announced today that it will commence operations with Plastic2Oil, a process and service that extracts fuel from plastic.

John Bordynuik purchased 63% of the issued and outstanding shares of 310 Holdings on April 24, 2009. Subsequently, Mr. Bordynuik was appointed President and CEO of the Company. The revised Company objective is to develop new technologies and to acquire assets. During the past month, Mr. Bordynuik has injected personal funds into the company to establish new bank accounts, inject assets and technology, and ready a team to launch 310 Holdings Inc.'s first intended profit center.

Management is transitioning 310 Holdings Inc. to become a global technology leader whose purpose is to mine data from the world's largest information archive, find under-productive entities to inject our superior proprietary technologies into, and enjoy increased productivity and profitability, beginning with Plastic2Oil.

Mr. Bordynuik designed hardware and software to recover planetary and sensor data from old magnetic media for various government and institutional archives for more than 20 years. The Company has access to terabytes of this normalized earth sensor data, algorithms, a massive research archive, and other related information. Management believes that most of this information was inaccessible until recently because the data was stored on old, previously unreadable computer backup tapes from the 1960s through 2000.

While mining through the research archive, 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.

Our research has revealed that this process and catalyst is not presently commercialized. By integrating this technology into a large batch processor we believe that we 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.

Alan Barnett, 310's Head Chemist, will oversee the optimization and deployment of 310's first volume Plastic2Oil processor anticipated in July, 2009.
"We hit the ground running with this technology and will soon be well positioned to grow this profit center by clustering Plastic2Oil processors in communities while enjoying the benefits of reduced fixed costs through shared resources," said Mr. Bordynuik, 310 Holdings Inc.'s President and CEO. "I look forward to reporting our successes in the near future with our Plastic2Oil processor."

Do you have a link that shows the company ever said that they don't need an air permit?

Seems like a ridiculously false allegation unless you can prove otherwise.