Lets try the general public via new movement toward the greening of America and Municipalities to reduce the amount of waste heading to the land fills and the number of...
94.5 per ton of plastic waste now being sent to the dump, from my local recyclers rather than to JBI, Inc.
flptrnkng: Very funny. Nobody said anything about having a contract for all the future sites that are a goal for expansion.
Further, I believe that the future sites include a global expansion, not just the U.S./Canada (is that number for all of N.A. or just the U.S.?).
I do believe that the earlier sites will find it easiest to acquire plastic waste streams. But the later sites will have the advantage of experience and further development of the process.
I would guess the trend for JV's to be co-location of processors at waste-management facilities where there is already an established waste stream.
If we don't get it for free then I don't want it and they can continue to pay trucking and dump tipping fees. I tell any potential supplier of plastic that we are not paying anything for it in advance to avoid senseless discussions of pricing junk plastic.
Our FL group has run into some of that but it doesn't last long... Bottom line is I will then save their competitors money by processing their plastic and reducing their costs. A supplier came to our site here and wanted to get paid a couple cents a pound and we sent them away. They came back a week later willing to give us the plastic for free when they realized we are not going to let dirty mixed plastics become a commodity.
80% of all plastic goes to landfill and that is the plastic we are acquiring -- NO ONE buys it now and it is expensive to discard. I don't want the other 0-20% of high quality, highly sorted, super clean plastic that some (few) pay for. The Chinese control that market and it is very cyclical.
That's from 2008 figures. By the time we have 2500 processors, those numbers are gonna be a lot higher.......and remember that JBII is a Global Company..
And he didn't exactly say he had a contract to feed 2500 processors....now did he.
But if he has contracts to feed only 5 processors, that's $20M/year revenue...............z
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