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Wednesday, April 25, 2012 6:38:43 PM
"... Our current technology allows us to produce approximately one gallon of liquid fuel from approximately ten pounds of waste plastic..."
68.3% conversion rate. This matches almost exactly with my prior estimate of 67.6%
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=74667179
The math gives the same answer using 2 different inputs. Now that's validation confirmed by both the company SEC filing and the engineers report.
Item 2: The amount of liquid product produced from 6/14/2011 through 12/31/2011 is as follows:
No. 2 Diesel Oil- 32,045 gallons (or 229,122 lbs / 36.3%)
No. 6 Oil ------- - 20,047 gallons (or 237,175 lbs / 22.7%)
Light Naphtha - 36,156 gallons - (or 216,936 lbs / 41%)
Total Production — 88,248 gallons
Naphtha = 6 lb/gal x 41% = 2.46 lbs
Diesel = 7.15 lbs/gal x 36.3% = 2.60 lbs
#6 fuel oil = 7.8 lbs/gal x 22.7% = 1.77 lbs
Total 6.83 lbs
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