Plastic2Oil Inc (PTOI)

[Artiztic1]

Already checked and without question they need a modification of the permit.


Any modification requires the need to file an application, if they intend to run 3 processors at the new allowed input maximum of 4,000 lbs. per hour, per processor.

Section 8 titled Approved Design Capacity of the SWP states the maximum annual waste receipts shall not exceed 19,500 tons.

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=7993976


If they were to run 3 processors at 2 tons per hour each, continuously 6 days a week would mean they need waste receipts in excess of what is currently allowed.


3 processors = 144 tons per day, with a 6 day week would equal 864 tons x 52 weeks = 44,928 needed tons of waste - more than twice of what is currently allowed.

So they would definitely need to modify the current permit as written via application.

"Written approval and modification of this permit is required before waste receipts may exceed the permitted (quarterly and annual ) tonnage limits"