Plastic2Oil Inc (PTOI)

[Artiztic1]

No what's laughable, is that even John on his own JBI webpage explains that the SWP ammendment has to do with the storage of plastic, not a word about throughput.

They are currently allowed to run 4,000 lbs per hour (read below) and are currently allowed to store 400,000lbs of plastic on site. The only thing stopping JBI from running at the new allowed capacity is JBI itself.




NYSDEC Approves Increased Rate

http://www.plastic2oil.com/site/events/1458/

On February 9, 2012, JBI, Inc. received approval from the New York State Department of Environmental Conservation (NYSDEC) for an amendment to its Air Permit that allows the Company to operate Plastic2Oil® (P2O) processors at our Niagara Falls, NY facility at an increased rate of 4,000 lbs per hour.



This rate is two times the rate at which the Company was previously authorized to supply feedstock to the P2O processor.



The approval of the increased rate of operation now permits the Company to amend its Part 360 Waste Permit to reflect the storage of similar plastic volumes, and is a key component to our plans for long term growth.