Plastic2Oil Inc (PTOI)

[Artiztic1]

You would think the petcoke issue would have scaled up equally as well, and not come as a surprise to anyone. You would think this would have already been accounted for, since they had already previously made runs at the higher rate.

In December they ran the Stack test at up to 3958 lbs per hour, so they should have been aware of the amount of petcoke produced at those rates.





"The stack tests were conducted at feed rates of 3,258 lbs/hr, 3,233 lbs/hr and 3,932 lbs/hour respectively. Ultimately, the test results proved that emissions decreased with increased feed rates, further validating that P2O is a highly "green," clean and scalable process. The addition of the pre-melt system, which was designed and installed in Q3, greatly improved feed rates for the process."

http://www.plastic2oil.com/site/news-releases-master/2011/12/07/jbi-inc-successfully-completes-its-final-p2o-stack-emissions-test




John signed the 10K which on March 13th said:

"The second processor was fully assembled from rack modules in approximately 8 weeks. The second processor was debugged within two weeks of assembly. Remarkably, only two components required replacement during debugging, due to the fact that these components were deemed non-functional upon arrival. The second processor has been converting plastic at 2000 lbs/hr and producing fuel since it was initially debugged. The processor does not require further modifications and therefore our focus going forward is to maximize fuel sales and build more processors."


http://www.sec.gov/Archives/edgar/data/1381105/000121390012001206/f10k2011_jbi.htm



"The processor does not require further modifications"

They previously ran it at over 3900 lbs. per hour in December.

Why didn't they know in advance that it needed further modifications to produce at the rates they were trying to get approved, with all their experience scaling up?

This is a huge surprise to me that further modifications are needed, and another huge dissapointment/delay.

At that point JBI built a 1 ton per day machine using the catalyst to demonstrate that the process and catalyst would scale up.