Plastic2Oil Inc (PTOI)

[Arthur Edward Whoof]

More math problems-

Using the SAIC numbers

80% yield per 4000 of plastic = 3200 per hour

75% run time to allow for planned and unplanned system outages = 18 hrs/day run time

3200 of plastic * 18 hours per day run time = 57600 pounds of plastic/day

/9 the number of gal for pound of plastic = 6400 gallons of fuel/day

/31.5 = 203.17 barrels/day

At $90 a barrel = $18285.71

*365 = $6,674,286 per year per reactor

I am led to believe that currently the company is burning $1mill per month in operating cost which = $12mill/year.

If all 3 processors went online at maximum run,
nothing goes wrong,
plastic is free,
a continuous supply of plastic can be shipped, managed and processed with no added overhead,
no added expenditures for more processors, rework, repairs, personnel, legal fees, fuel shipping cost/storage or anything else
the price of oil remains the same
a buyer at $100 a barrel can be consistently secured

In a perfect world based on everything falling exactly into place, I can see that it is possible to break even in a year and possibly turn a profit of $8mill!

So, it will only take 6 years to break even on the $48mill spent so far.

Wonder what the life expectancy of a high temperature reactor is… continuous run for 6 years with no failures, downtime, repair cost, or replacement cost… for 6 years… hmmm

The biggest issue that still needs addressed is the problem with oxidation of synthetic fuel. Just because its in spec doesn’t mean that it’s saturated. When you crack plastic you are breaking the molecular chains, which means that you are missing a hydrogen atom. This makes it prone to oxidation and renders it bad within days of being made.

Ever wonder why they haven’t been running, producing and storing fuel to sell?

Aside from the FREE plastic logistics issue there is a much darker factor at play here that will soon come to light.