(1) Apparently the diesel fuel and gasoline are able to be easily separated now and will be sold individually as diesel fuel and gasoline.
(2) Two new P2O processors are bigger (30 tons???) than the 20 ton version currently awaiting permitting. Two 30 tons can obviously handle 50% more plastic and therefore likely create 50% more yield (fuel).
(3) They've been busy lately closing deals for sources of plastic and selling low sulfur fuel back to some of these sources providing them free plastic.
(4) The plastic was mixed, multi-colored of various types of waste.
(5) In this report, the shareholder reported the processor had been running uninterrupted for 5 days and that fuel is already being transported to the blending site for storage.
(1) JBII has obtained and begun full scale commercial operations with permission from the New York Department of Environmental Conservation their first Plastic2Oil processor for which they plan to turn free freedstock into high value diesel fuel. It only takes two modestly-paid employees to run a P2O machine, the energy from the free feedstock runs the machine, and the machine is relatively cheap to build and can be duplicated fairly quickly. For these reasons, it appears that JBII's fuel margins on their fuel will be obscenely high from such low costs and low capital investment. JBII has also gotten permission to begin installing its 2nd P2O processor.
(2) It's my opinion that JBII's P2O processor is about to prove to be the most viable alternative energy producer that's clean to come around in decades. Nothing else that I nor any others whom I have challenged, can think of another example that possesses these three key characteristics: (a) Doesn't pollute and is green (certified by Islechem, the NYSDEC, and CRA) (b) Has a high return on capital (around $200,000 per machine that should make at least $4 million in fuel per year) (c) Makes energy cheap at high margins (estimated cost $10 per barrel of fuel that can be sold for up to $100 or more per barrel)
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