Plastic2Oil Inc (PTOI)

[Artiztic1]

Exactly, from what's been announced they haven't even made a dent in selling the capacity of the first processor, coupled with the price of fuel falling rapidly right now the last agreement signed may very well become worthless. The last agreement with Coco gave Coco the option of purchasing the fuel for 109.80 per barrel this doesn't bode well when the price of oil is currently collapsing from the earlier highs when the option to purchase was signed.


Petroleum Distillate /Diesel Purchases:
JBI INC will start providing a Petroleum Distillate product to Coca Asphalt Engineering- A division of Coco Paving, to be used in it's manufacturing division ( emulsion ) starting June 10th. 2011, at a discount price of $0.69/litre for a one (1) year period with first option of renewal and purchased solely on Coco's approved weekly/biweekly/monthly demand basis.

http://www.sec.gov/Archives/edgar/data/1381105/000121390011003196/f8k061011ex10i_jbi.htm

On June 10, 2011, JBI, Inc. (“JBI” or the “Company”) and Coco Asphalt Engineering, a division of Coco Paving, Inc. (“Coco Asphalt”) entered into a Supply and Service Agreement (the ‘Agreement”). Pursuant to the Agreement, the Company has agreed to supply Coco Asphalt on a weekly, per demand basis with petroleum distillate at a cost of $109.80 per barrel.

http://www.sec.gov/Archives/edgar/data/1381105/000121390011003196/f8k061011_jbi.htm



need to give this a rest...its becoming boring. It will happen when JB is ready, not before. First, the company needs to secure more fuel contracts so we have some place to actually put all that fuel from the JV's. The company that we JV with does not have to purchase the fuel (although I hope the first JV's will) they may want to acquire 20% from SALES. Kind of got to have those contracts first.

Anybody close seen if those 30 tonners are up a running? I figure they may be up, but not being ran(other than test batches). Why would they be, we haven't even stressed the 20-ton run capacity with the contracts in hand. The 30-tons will definitely be needed for the Naptha contract if it ever happens. IMO