Plastic2Oil Inc (PTOI)

[dreaminbig]

Looking at the 144,000 gallons per week from the Naptha LOI PR. IMO they can't do that with one 20T processor and have additional sales. Even if they had permission to run and sell fuel from the 30T they would have a hard time meeting that demand.

20T Processor operating 7 days a week/24 hours a day.
gallons
Per hour 215.69
Per day 5,176.49
Per week 36,235.42
Per month 155,294.64

If my math is off, I've only had one cup of coffee.

http://www.plastic2oil.com/news/2011-press-releases/20110316-jbi,-inc-shareholder-update-on-business-activities.aspx


In addition, JBI is pleased to announce the signing of a letter of intent with a confidential party for the purchase of the naphtha produced from the Company's Plastic2Oil process. The term "naphtha" is used when fuel does not contain additives required for gasoline used as transportation fuel. This is very similar to the relationship between fuel oil #2 and diesel fuel. When road-use additives are not present, the petroleum product is referred to as fuel oil #2 and conversely, when road-use additives are present, the product is termed diesel. The confidential party named in the letter of intent has the capacity and interest to purchase up to approximately 144,000 gallons of naphtha per week, as it is available from JBI, Inc., at comparable market rates for such naphtha - rates that fluctuate similar to any other commodity. The Company and the confidential party expect to consummate their naphtha sale agreements in April 2011.