JBII will attend and John Bordynuik will give a presentation at the Air and Waste Management Association Seminar on April 13. Among the attendees are Waste Management Inc, Conestoga-Rovers &Associates, and URS.
The company has signed a letter of intent with a confidential party for the purchase of 144,000 gallons of naphtha per week. Naptha is produced from the Company's Plastic2Oil process and is the technical term for gasoline without the additives that pump gas has. The sales agreement is expected to be signed in April, 2011.
Also extensive improvements have been made to the P2O processor:
Since receiving the Consent Order, JBI has simplified the configuration of the Plastic2Oil process using modular racking. The modular racks are prewired and plumbed, and constructed as complete units to simplify installations and reduce costs at remote sites. Also since receiving the Consent Order, our Plastic2Oil process has been extensively and successfully stress tested to ensure its operational integrity in preparation for operations at remote sites.
2 IHub Shareholders (Brigg and Rawnoc) recently visited the facility and reported their observations and thoughts. Their reports verify that there is an unending supply of waste plastic available, that the machine is running non stop, that employee morale is extremely high, and the quality of the output is everything the company has said it is. In short, both of them are impressed to the nth degree.
Brigg has also tested the gasoline which came straight from the P2O processor. Results: Ran in a lawnmower like a champ!
JBII just fired Ernst and Young for apparently not giving the company the attention that was expected:
we performed only limited audit planning procedures during this period and we did not report on any financial statements of the Company.
Yours truly,
/s/ Ernst & Young LLP
The company has hired MSCM LLP, auditors that will give JBII a higher priority in addressing their needs:
MSCM, LLP has differentiated themselves for JBI by offering a responsive, partner-led audit team that has proven to us practical and timely client services. MSCM, LLP also has the international proficiency to meet the needs of JBI's future growth. MSCM Web Site: http://www.mscm.ca/
1. Commercial Production has been approved by the NY DEC. (Only time in history a company has been given commercial production approval while other permits are pending).
2. The process has been proven to work by at least 3 independent firms.
3. Two NY Senators have endorsed P2O.
4. Each processor will generate 100+ Barrels of fuel daily.
5. 2 more processors are being built.
6. JBII owns an operational Fuel Blending Facility with a storage capacity of 250,000 gallons.
7. Company just signed a 20 year lease on A waste management recycling facility with 1,000 Ton/Day capacity.
8. Colin Robbins recently appointed as Sr. Vice President: Mr. Robbins brings more than 30 years of knowledge and expertise in operations, marketing, and manufacturing of renewable fuels to this key post. He specializes in the blending of ethanol, bio-diesel, butane, and petroleum. He has been engaged in the petroleum and bio-fuels industry in a leadership capacity since 1989 with experience extending across North America--but he is most passionate about producing a profitable, environmentally responsible energy product.
9. Waste Management Inc. is currently doing an audit on the process.
Feast your eyes on this 3 minute clip:
JBII: It's Raining Diesel:
Just listen to the excitement in their voices!
JBII Fuel Output from 20 Ton Production Processor:
Free Plastic Stockpiled and ready for Processing:
Firing up the lawnmower with JBII gasoline! From Techisbest:
My unrehearsed video:
This lawnmower has not been run this season. The smoke you see when I first fire it up is from it sitting idle. Note that the longer it runs the cleaner it runs.
The jar used is the one on the left in this pic:
Fuel Ouput:
Validation:
EMail to Techisbest:
Nice to hear your lawnmower ran well with the fuel tapped directly off our gasoline condenser.
Our gasoline is no different than highly refined gasoline from a refinery. Our gasoline is different than gas found at the pump because we do not inject the additives and low cost cutting agents (butane injection), aromatics, and other additives to artificially inflate the octane thereby reducing the amount of high-cost gasoline. Many additives are injected in pure gasoline to increase the margin on gasoline at the pump. Our fuel was tested in a new engine long ago and the spark plug, head, valve seats and valves were inspected. There was no carbon build up, pitting, burns, or oxidation on those parts. We were quite impressed by how cleanly it burned.
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