Replies to post #72493 on Plastic2Oil Inc (PTOI)

[BRIG_88]

JBI, Inc. Announces That IsleChem Validated Their Plastic to Oil Process

NIAGARA FALLS, Ontario, April 13, 2010 (GLOBE NEWSWIRE) -- JBI, Inc. (the "Company") (OTCBB: JBII) announces that IsleChem, a state certified laboratory, has validated its P2O process. Since December 2009, IsleChem has conducted extensive chemical, analytical and process engineering testing for JBI's P2O technology on a diversified range of plastic feedstocks. A wide variety of plastics were tested and all produced residue of only about 1%, which is allowed in landfills.

In their continuing efforts to analyze the P2O process, Islechem has performed more than 40 small scale runs of various multicoloured, mixed plastic feedstocks through the process. After analyzing the energy consumption, residue, off-gas, and material balance in the process, Islechem has determined JBI's P2O process to be repeatable and scalable. In addition to the confirmed validity of the overall process, Islechem has provided the following statistics regarding the fuel product composition and process emissions:

JBI's P2O solution is repeatable and scalable.
Approximately 85-90% of the hydrocarbon composition in the feedstock is converted into a "near diesel" fuel.
Approximately 8% of the hydrocarbon composition in the feedstock is converted to a usable off gas much like natural gas.
Approximately 1% of the feedstock remains in the processor as a residue.
This analyzed residue contains various metals from coloring agents and other plastic additives that were originally in the feedstock plastic and a small amount of carbon.
The fuel product was analyzed with a gas chromatograph and the chromatogram is similar in many respects to diesel fuel.
The fuel product viscosity is approximately 2 cst @ 40 degrees C, and is an amber fuel.
The fuel product contains only trace amounts of sulphur.
The fuel product centane number exceeds 40.
The residue does not appear to contain any highly toxic or difficult to dispose of components.
There is no evidence of air toxins in the emissions.
The energy balance of the process is positive; that is, more energy value is produced than is consumed by the process. Early data suggests that it is by as much as a factor of two.
IsleChem's results confirmed the Company's results. Furthermore, the process is proven to be scalable to 20 T or larger processors and promises to be free of any harmful emissions or toxic residues, and a high positive energy balance, thus maintaining compliance with the "green" efforts of JBI.

The Company currently has two small scale processors including a 1 kg processor, a 1 ton mobile processor, and a large scale 20 ton processor that will be demonstrated at the Company's P2O factory tour.

The "near diesel" fuel is diesel with some extra light fuel fractions (gasoline range fuel). The extra gasoline can be separated at the Company's fuel blending site or our fuel can be sold to a refinery. The Company is working with Islechem to add an additional piece of hardware to the P2O processor to separate the extra light fuel (which is valuable) from the output fuel. The company has been able to shift the output fuel range from light hydrocarbon gasoline fuels to heavy oils.

CEO John Bordynuik stated, "It takes energy to produce energy. The key is to get more energy from the final product than it takes to make it. Our process has a high positive energy balance of 2.0 while gasoline from crude has a negative energy balance of 0.81.Our fuel is light, flows like diesel and is of high quality. Unlike competitors, our fuel is not solid state, sludge, or slurry, not furnace oil and the residue is non-toxic. I was very pleased to receive IsleChem's detailed P2O reports. Their analytical expertise, industrial knowledge, and ability to work at the molecular level have enabled our company to further improve P2O's efficiency and hydrocarbon output. Interested shareholders, who desire to see a large operating, continuous-feed P2O processor during our AGM weekend, are encouraged to sign up for the tour at ."

[Zardiw]

The permit is imminent, and pretty much a foregone conclusion with the PR of the stack test results. Volume surged, but there was still thick resistance of hangover.

The overhang of selling pressure, as a group collective, has probably now shifted out of the:

I have a buttload of shares I need to unload, and it's a must to get down to the business of unloading them

to

Ahhhhhhh, ok, I have a huge chunk converted to cash, and can probably start to piece out the remaining load I have, and maybe hold on to a little.

but now there is still the

I have a boatload of shares still, because I believe, AND the new people who are taking the chance who can turn into the whole other new bear target if JBI doesn't progress in the way the market believes it should. We also still probably have a couple million shares from Thomas Kidd that COULD possibly be freed up at some point and hit the market.

JBI has to prove their claims in the 4th quarter of 2010, or it will drop precipitously below $.50, IMO.

I would caution a possible permit hangover feeling as the stock may not go as ballistic as everyone thinks. THE BIG EVENT is selling the fuel. Selling the fuel under a permit forces everyone to pay attention, and big money will begin to price the new risk/reward with that information. It has to be sold to a refinery, or the JV business model is destroyed. In my opinion, the market will have to price JBI at $3 or more upon knowing JBI can sell the fuel to a refinery(assuming in the vicinity of WTI).

If we are told JBI has to blend it themselves, and sell it to a few select gas stations or even gas stations owned by JBI, then we have much further to wait and see.

So, don't be surprised if the permit doesn't do all you hoped and thought. It's selling the fuel that is huge.

Once selling fuel, the stock would be much higher than these levels, but there would still be much to prove. Easier to wait on those proofs at $3 or more, and many shouldn't take too long.

Those next proofs would be adequate "low hanging fruit" plastic that JBI can be permitted to use. Can JBI produce 109 barrels of fuel/day at a $10/barrel cost? How much does the cost structure change with "higher hanging fruit" plastics, or sorting, cleaning and grinding the feedstock themselves, and how much will the price of those feedstocks rise? Will JBI receive good and adequate funding? Will JBI hire the proper key management to execute the business plan and team up with the entities to execute P2O on a large scale?

As each of those questions are answered, the stock will move accordingly.

In my opinion, many of these questions can be proven in the next 3-6 months, and if they do, a stock price of $20 is within reach.

We all know that if those questions are answered, the media involvement, and especially if there is a green bubble from oil reaching $100 again, would, not could, make this the Hottest Stock On Wall Street.

I've got my ticket, I have my popcorn, and about all I have to say now is...Put the critics in a body bag, Johnny!

z