![](http://investorshub.advfn.com/images/default_ih_profile2_4848.jpg?cb=0)
Monday, February 27, 2012 5:12:30 PM
PrintAlert
Jbi (QB CE) (USOTC:JBII)
Intraday Stock Chart
Today : Monday 27 February 2012
JBI, Inc. (the "Company") (OTCQB:JBII) is pleased to announce that in Q1 the Company has been successful in bringing its second Plastic2Oil® ("P2O") processor (the "Processor No. 2") online at the Niagara Falls, NY facility.
The design of Processor No. 2 is based on data retrieved while working with the original P2O processor (the "Processor No.1"), which since June 2011 has undergone a number of substantial upgrades. The enhancements include a replicable and deployable modular design that leverages economies of scale with our manufacturers, the ability to cater to specific fuel needs of customers and a reduction of stack emissions.
Processor Nos. 1 & 2 are permitted to operate at 4,000 lbs. per hour, however they are currently operating at 2,000 lbs. per hour. The Company expects to operate both processors at 4,000 lbs. per hour, as per the upgraded Air Permit issued by the New York Department of Environmental Conservation ("NYSDEC"), once the Company receives approval on its amended Solid Waste Permit from the NYSDEC.
The Company expects that this amendment will effectively double the plastic feedstock throughput, from 2,000 lbs/hour per processor to 4,000 lbs/hour, which should double the amount of fuel output each P2O processor can produce.
"Bringing Processor No. 2 online represents a significant achievement as well as a milestone for our Company. We believe this sets us apart from other plastic into fuel conversion technologies," states John Bordynuik, CEO and President. "JBI, Inc. is the first company to successfully move from a pilot plant to a multiple processor, full production plant within the industry."
Towers and reactors have been fabricated for the third P2O processor (the "Processor No. 3") and the Company looks forward to bringing No.3 online in the near future.
"It is difficult to get a man to understand something, when his salary depends upon his not understanding it!" - Upton Sinclair
Cannabix Technologies and Omega Laboratories Inc. Provide Positive Developments on Marijuana Breathalyzer Testing • BLO • Jul 11, 2024 8:21 AM
ECGI Holdings Enhances Board with Artificial Intelligence (AI) Expert Ahead of Allon Apparel Launch • ECGI • Jul 10, 2024 8:30 AM
Avant Technologies to Meet Unmet Needs in AI Industry While Addressing Sustainability Concerns • AVAI • Jul 10, 2024 8:00 AM
Panther Minerals Inc. Launches Investor Connect AI Chatbot for Enhanced Investor Engagement and Lead Generation • PURR • Jul 9, 2024 9:00 AM
Glidelogic Corp. Becomes TikTok Shop Partner, Opening a New Chapter in E-commerce Services • GDLG • Jul 5, 2024 7:09 AM
Freedom Holdings Corporate Update; Announces Management Has Signed Letter of Intent • FHLD • Jul 3, 2024 9:00 AM