Replies to post #68461 on Plastic2Oil Inc (PTOI)

[the big guy]

the phrase "tentatively scheduled" could mean they are waiting on the DEC, but IMO likely not. It more likely means that they scheduled a firm date and targeted being ready for that date. Then if they were not ready, they cancel and set a new date. Best way to be fair to everybody. I don't think the government is in the business of holding up business from being able to operate.

That is how I would handle it if I were managing the project, which is what I do.

On one of my previous projects the lead time for a permit for construction was 6 months. You either got your paperwork in, or you were screwed, and it was no one's fault but your own.

JBI has had lots of time. There is no excuse for them blaming the government for being late to the larty.

[scion]

A minor by-product of the process is an off-gas much like natural gas. The process consumes much less off-gas to operate than is generated when operating at maximum capacity. Further testing at high processing rates proved that all the off-gas could not be burned (temporarily for a stack test) in the process furnace. Flaring the excess off-gas is common in the oil and gas industry but is not environmentally friendly, would waste the fuel value, and would require a separate permit. To avoid flaring the excess gas, the Company purchased a gas compression system to buffer and regulate the off-gas to 1) resell or 2) to cold start the process. The gas compression system and mobile storage tanks were installed on the Company’s 20T Plastic2Oil processor in June 2010.

In July and August 2010, we have been able to run our processor in steady-state. We require a NY DEC simple air permit to enable us to run our Plastic2Oil process in full commercial production. To acquire an air permit we must have a stack test that is conducted by a third party (in our case CRA) and supervised by the NY DEC.

In July 2010, the Company scheduled a tentative date in August for an air permit test for its first production P2O processor. The configuration of the processor is in working condition and has allowed the stack test to be scheduled, contingent upon the availability of testing and regulatory attendees. The Company intends to operate the processor in full commercial capacity upon receipt of the air permit.


p17
10-Q Filing Date2010-08-13
http://www.sec.gov/Archives/edgar/data/1381105/000121390010003178/f10q0610_jbi.htm