Plastic2Oil Inc (PTOI)

[Rawnoc]

JBI, Inc. Signs Multi-Year 'Transport Fuel' Take-Off Agreement With XTR Energy

THOROLD, Ontario, Dec 23, 2011 (GlobeNewswire via COMTEX) -- JBI, Inc. (the
"Company") (otcqx:JBII) is pleased to announce today the signing of a multi-year
transport fuel supply agreement with XTR Energy Company Limited ("XTR Energy").

XTR Energy is one of the largest and fastest growing independent retail petroleum
brands for regular and premium gasoline and diesel products in Canada. XTR Energy
focuses on well-priced products, timely deliveries and innovative customer
retention programs. This focus has enabled XTR Energy to establish network
locations in Ontario, Nova Scotia, New Brunswick, P.E.I., Manitoba and
Saskatchewan.

XTR Energy will be purchasing Regular Transport Gasoline, Premium Transport
Gasoline, Diesel Ultra LS Clear and other acceptable road transport products from
JBI, Inc. These products are the fuel output of JBI, Inc.'s Plastic2Oil(R)
("P2O") process, which will then be blended and made available through the
Company's Blending Site in Thorold, Ontario ("Thorold Terminal").

"XTR Energy looks forward to acquiring products from JBI, Inc. in Ontario and
across Canada. This new relationship is directly aligned with XTR Energy's
strategic objective to have a diversified secure supply of quality petroleum
products from a variety of sources to meet the growing demands of the XTR Energy
network and preferred customers," stated Ken Wootton, President of XTR Energy,
upon signing the agreement.

"We were attracted to XTR Energy because of their corporate values and
distribution reach across much of Canada," commented John Bordynuik, CEO of JBI,
Inc. "They are committed to green alternatives, high operational standards and
maintaining long-term winning relationships with both their customers and
suppliers."

The agreement with XTR Energy is a step forward in achieving the Company's vision
of becoming a vertically integrated plastic recycling, fuel processing and fuel
distribution company. It allows the Company to utilize the value of one of its
key assets, the Thorold Terminal, a registered and licensed TSSA fuel blending
and distribution facility with fuel storage capacity in excess of 250,000 U.S.
gallons.

About JBI, Inc.

JBI, Inc. is a domestic green Oil and Gas company. JBI, Inc. developed a process
that converts waste plastic into fuel (Plastic2Oil), without the need of further
refinement. JBI, Inc. scaled a 1kg process to a 20MT commercial processor in less
than 1 year. For further information please visit http://www.plastic2oil.com and
review our SEC filings, including without limitation our Form 10-K, as amended,
filed with the SEC on July 18, 2011.

Forward Looking Statements

This press release contains statements, which may constitute "forward looking
statements" within the meaning of the Securities Act of 1933 and the Securities
Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act.
The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several
significant substantive changes affecting certain cases brought under the federal
securities laws, including changes related to pleading, discovery, liability,
class representation and awards fees as of 1995. Those statements include
statements regarding the intent, belief or current expectations of JBI, and
members of its management as well as the assumptions on which such statements are
based, including the expected timing of the Company's Form 10-K, execution of the
proposed agreements described above and consummation of the transactions
contemplated by such agreements. Prospective investors are cautioned that any
such forward-looking statements are not guarantees of future performance and
involve risks and uncertainties, and that actual results may differ materially
from those contemplated by such forward-looking statements. Such risks include,
but are not limited to: (1) JBI has a history of net losses, and may not be
profitable in the future; (2) JBI may not be able to obtain necessary licenses,
rights and permits required to develop or operate our Plastic2Oil business, and
may encounter environmental or occupational, safety and health conditions or
requirements that would adversely affect its business; and (3) JBI may experience
delays in the commercial operations of its Plastic2Oil machines and there is no
assurance that they can be operated profitably. For a more detailed discussion of
such risks and other factors, see the Company's amended Annual Report on Form
10-K, filed on April 20, 2011, with the Securities and Exchange Commission, and
its other SEC filings. The Company undertakes no obligation to update or revise
forward-looking statements to reflect changed assumptions, the occurrence of
unanticipated events or changes to future operating results.

This news release was distributed by GlobeNewswire, http://www.globenewswire.com

SOURCE: JBI, Inc.
CONTACT: JBI Inc.
Investor Relations
1-877-307-7067


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