Replies to post #87085 on Plastic2Oil Inc (PTOI)

[Bangkok Bob]

Hey joby Im not going to waste too much time here with ya, but I bet WM has already made a decision about whether it can be profitable.

Considering they have to pay to bury almost all of their plastic in a landfill site, I think it would become clear even to the ones with most dimmest of lights on, that diverting plastic into a unit that can convert it into fuel, is beyond being an obvious awesome solution to a huge problem.

I'm not going debate whether the fuel is acceptable as it already has been tested and proven to be so.

So what if they decide they need money in the future? Perhaps the folks interested in JVs and I bet there will be many, will foot the bill. I know now, a very interested party in that very thing. t? lol How do know anything about the future? Your presumptions and predictions all have a noticeably negative slant day in and day out 24/7 ...

[Justice37]

I didn't say Joint Venture. A Joint Venture would be fine, certainly it's not unreasonable to think WM would look at this while they are conducting their audit of JBI now.

What I referred is related to the business plan as discussed on the CC. Three options. JBI installing P2O Processors at a waste site, JBI installing P20 Processors at a recycling facility, and the third were joint ventures where more of business aspect of the P2O is dealt with by others. In the first two scenarios the partner would provide building space, have access to inexpensive fuel, and not have to either pay to have plastic sent to a landfill or greatly reduce the amount of plastic in a landfill they own, greatly extending the life of the landfill. JBI would own the machine, get access to free feedstock, and from what I got from the CC, would get most of the profits from the selling of fuel. It would depend on individual agreements with the partners.

As I understand it, a Joint Venture would be more along the lines of what is happening with Al Sousa, he has the rights to certain areas, has the buildings and overhead, JBI provide the machines, catalyst, and maintenance, contracts are negotiated for feedstock and sales of fuel by the JV partner. My understanding of the deal with Sousa is he is going to have 45 factories in Florida with two P2O machines at each. According to the CC he going to be up at the JBI site in January, 2011. His deal was dependent on JBI starting commercial operations. That is why it is game on for Al Sousa.