Replies to post #310155 on Plastic2Oil Inc (PTOI)

[loanranger]

That report is published by the American Chemistry Council.
The mission of the American Chemistry Council is to promote the interests of corporations of the chemical industry, not to educate you or the public in general.

"This report is an update to an October 2014 report, Economic Impact of Plastics-to-Oil Facilities in the U.S., which was limited to facilities that only convert recoverable plastics into synthetic crude oil".

The ACC has actually scrubbed any reference to that 2014 Report from its website:
https://plastics.americanchemistry.com/PageNotFound/?404;https://plastics.americanchemistry.com:443/Stand-Alone-Content/Economic-Impact-of-Plastics-to-Oil-Facilities.pdf
https://www.americanchemistry.com/News_and_Resources/?topic=&srchtext=&page=10&ref=VGV4dCxlYnR0YXhvbm9teWNhdGVnb3J5LGVidHRheG9ub215Y2F0ZWdvcnklM2ElMjJjb250ZW50K3R5cGUrcmVwb3J0cythbmQrc3R1ZGllcyUyMg==

The WayBack machine grabbed the 2014 Summary, though.
https://web.archive.org/web/20141107104258/http://plastics.americanchemistry.com/Stand-Alone-Content/Economic-Impact-of-Plastics-to-Oil-Facilities.pdf

Here's what the 2014 Exec Summary said:

?38,900 jobs supported by new PTO operations.
8,800 would be directly employed by the facilities.
An additional 17,200jobs would be in supply chain industries that are related to the plastics recovery industry and supporting the facilities.
Another 12,900 payroll-inducedjobs would be supported by the spending of the earnings of workers in new PTO plants and throughout the supply chain.

?$2.1billion in annual payrolls generated by PTO facilities.

?$6.6billion in capital investment by the plastics-to-oil industry to build new facilities.

?$8.9billion in U.S. economic output from PTO operations.
$3.7billion related to increased oil production.
$5.2billion in additional supplier and payroll-induced impacts.

And here's what the 2019 Exec Summary says:

•38,500 jobs supported by new advanced plastic recycling and recovery facilities, including:
9,400 directly employed by the facilities.
15,100 jobs in supply chain industries that support these facilities.
14,000 payroll-induced jobs supported by workers in these plants and their supply chains spending their earnings.

•$2.2 billion in annual payrolls.

•$9.9 billion in U.S. economic output from new plastics recycling and recovery operations,including:
$4.1 billion related to increased products generated by the facilities.
$5.8 billion in additional supplier and payroll-induced impacts.

Five years later and they're expecting whatever technology they're pumping to generate a few less jobs(!) and another billion in economic output.


In 2014 the American Chemistry Council’s Plastics-to-Oil Technologies Alliance included Agilyx Corporation, Americas Styrenics (affiliate), Cynar Plc, RES Polyflow, and Sealed Air (affiliate).
The 2019 Summary doesn't say who is in the Alliance. Maybe because it changed its name that year to changed its name to The Chemical Recycling Alliance (TCRA) and changed its focus as well. Notice how the 2019 Summary eliminated all 4 of the 2014 references to "PTO".


None of which matters much though, because the Company that you're invested in is "Dark or Defunct". "Pink No Information companies may not be able or willing to provide disclosure to the public markets - either to a regulator, an exchange or OTC Markets Group."

What we do know about Plastic2Oil, Inc. is that they aren't converting any plastic to oil, nor are they able to sell any of the equipment that they say has the capacity to do that.



Heddle needs to break out the white flag and so do you.