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Re: mikevel post# 123271

Sunday, 07/24/2011 11:19:03 AM

Sunday, July 24, 2011 11:19:03 AM

Post# of 312030
Thanks for the post. It answers the question from yesterday on who is going to build the processors.

The contemplated structure of a Joint Venture with JBI is:
JBI will build and operate a Plastic2Oil processor at the source of the plastic waste.
JBI will receive plastic waste at no cost.
JBI will share in the revenue from the sale of fuel generated by the machine, 80% / 20% (JBI receives 80%).
As JBI staff will operate the process, JBI will assume all risks.