Cassandra Oil (CSSOF)

[snow]

Zardiw

This company is primarily listed on Firth North in Stockholm in Sweden. I don't think there will be a better listing in the US any time soon. My impression is that a fairly small model was built a few years ago. A commercial model comparable to the current ones of JBII was built last year and it has been tested for several months now. The plan is that it will start commercial production in Spain in September this year. It will process both waste plastics and rubber tires. Another three processors are being built now and they are expected to beging producing during the last few months this year. The ramp-up is very fast and by the third quarter nest year the plan is to put in production one processor per week.
So far there are 7 countries that are interested in the processors. There will be joint ventures that will finance the processors. One partner in the Middle East has already advanced about 2 million dollars. The second processor will be placed in Turkey. Costs are expected to be about 30 US dollars per barrel of marine diesel that will be produced.

In fact it has been calculated that each processor will generate more than 10 million US dollars per processor per year. That may be optimistic in practice.

The way I see it this is a very short term investment compared with JBII. When will JBII put in production one processor per week?
In some ways it may be that the Cassandra Processor is less advanced than that of JBII. My impression is that it can produce only marine diesel, which has nevertheless been used in a car. Moreover, the gas produced is so far burnt as shown in the video. The plan is to handle it in a more sophisticated way in the future.