what about the dude who hired some of those guys????
ya know, the one with over 50% of the control vote????
Quote:Plastic to Oil Conversion Rates
Jeff Good. Leaves me looking for the industrial waste stream flow rate... Always good to have more homework. Also raises a new question. I read this as 15 million tons of stuff go into the processor and XX% of it is plastic. A conversion rate (pints per pound or liters per kilo) is then XX * YY where I have assumed YY is 75% in my conservative markdown of the guidance given. Is this how I should read that?
March 15 at 8:40am
John Bordynuik Jeff (assumed YY is 75%): That is very conservative. On the last run we got 90.47% fuel (derived from industrial plastics).
March 15 at 9:11am
John Bordynuik Jeff: (your first message). 1) A reasonable plastic estimate for industrial and municipal plastic waste is that 70,000 people create enough plastic to support one processor. 2) Your math does not look right. We will not saturate at 1000 processors. Even 2500 JV's won't make much of a dent in it. Processors will process 20 tons/day (conservative). We cut this in half for our internal use. There will be two processors per site. So conservatively, with one processor running (implying one out of two) we will do 109 barrels/day/site.
March 15 at 9:24am
Jeff John, OK. I had assumed 6 2 hour cycles a day at 15 tons per cycle. Obviously some shareholders string together all of the "best case" comments and build unrealistic expectations. At 20 tons/day just the MWS 30 million tons a year support a fraction of 8200 machines at saturation. I assume industrial stream is larger?
March 15 at 9:39am
John Bordynuik Jeff ( all of the "best case" ) -- I don't think so. At 40,000 barrels/year per processor being conservative... the numbers are quite staggering. That is why we are "all in" with P2O.
March 15 at 9:47am
John Bordynuik Well, in a perfect world we'd have a half dozen P2O processors permitted at our blending site so that we can make fuels for direct customer sales. I am excited about this site because it was not simply used just for distribution. It was used to blend gasoline and many other fuels and has a lab to self test and certify the fuel. Timing of full operation this site will depend on how quickly we can obtain permits to install P2O processors.
March 8 at 10:55pm
Aaron John~You said 40k barrels/year/processor, and that each processor should produce 109 barrels/day. Does this mean each processor should run everyday?
If I were to make some guesstimates, do you a problem in these next calculations?
40,000 barrels/year/processor...
80,000 barrels/year/site
Based on $73 WTI, receiving $70 from refineries, and cost to produce is $10.
Wholly Owned Sites:
$4,800,000 Gross
$3,120,000 After taxes(35%)
90/10 JV Sites:
$4,320,000 Gross
$2,808,000 After taxes
65/35 JV Sites:
$3,120,000 Gross
$2,028,00 After taxes
March 16 at 12:23am
John Bordynuik Hello Aaron, We use 1 processor operating to be conservative. If both processors aren't running then the JV and JBII will be very unhappy. Cleanout and maintenance is minimal -- it is a continuous processor. For cleanout the reactor will reverse (which will cause anything in the reactor to leave into a separate tank) and then continue processing with no cool down.
March 17 at 4:31pm
