NEWS FLASH
March 5, 2013
Plastic worth more than oil!
Landfill bound plastic cost more to use than its worth!
JBI has no way to turn a profit!
As it turns out, waste plastic cost more to make it useable in P2O process than just buying good recyclable plastic. A continuing problem for P2O companies such as JBI because recycle plastic values are greater than the oil value that can be obtained from that plastic. Subsidies provided to plastic recyclers have helped to sustain a growing market value for plastic, yet 97% of waste plastic continues to go to landfills.
In our exclusive interview with Dr, Goldsmith we obtained the following insight- "The problem here is simple, post consumer and post industrial plastic cost much more to recycle that its worth, that's why so much ends up in a landfill every year. If it cost more to separate and decontaminate it than its worth this will continue to happen. Using waste plastic in a P2O process has many technical challenges that prevent it from picking up any slack here. The main problem is the cost, even free plastic incurs significant handling, separating and decontaminating expense not to mention shipping, storage and immense volume manipulation expenses. Most people do not realize the chemistry involved in P2O cracking and the complexity regarding contamination, for example, something as simple as using plastic sheeting from a farm, even the slightest amount of fertilizer or farm related chemicals (or even ink) that comes in contact with the sheeting and then is introduced into a P2O reactor can cause dangerous chemical reactions that can damage the equipment or worse produce deadly toxins that contaminate the oil, the char or the air emissions. You have to be very specific with what you put in a P2O reactor or the consequences can be deadly. This is why this technology has not become commercially viable in the US, because it cost more in sorting and decontaminating to feed the machines than the value that you can get out in oil."
Very insightful information that seems to conclude that Plastic to Oil still has significant technical challenges to overcome before anyone can move into sustained commercial operation.
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