Replies to post #102785 on Plastic2Oil Inc (PTOI)

[goodboy2]

Did that come from a chart?

How are they working out for ya?

nice try.

[BRIG_88]

Yeah well JBII doesn't turn plastic into pudding to start with and it doesn't cost them over a 50 bucks a barrel to produce their high grade fuel so in the end there is NO comparison between the two....

[Justice37]

Re: From scratch-- JBI found a catalyst in...? 2006? When exactly? JBI-CAN (original) started in 2006.

Absolutely wrong. JBI started in the tape reading business, this discussion is about the plastic to fuel business, Agilyx started in 2004 and JBI started in April 2009. When I invested in the company in 2008 it was in the tape reading business. I didn't hear about the discovery of the P2O process until the summer of 2009.

Please provide details about the "first round of funding for Agilyx. They got a lot of government subsidies and tax breaks, this is all I could find, is that the first round of investment?

In 2007-08, federal money from CDFI
http://www.sbpac.com/bins/site/templates/subtemplate.asp?_resolutionfile=templatespath|subtemplate.asp&area_2=Story%20Cat%20Pages/Ecological%20Resilience&norelay_place=here&objectid=C14925290&articletitle=Recycling+Gardening+Waste&norelay_ai=CD253AF17D5247EBB849473D72C06280&norelay_reset=false&NC=6714X
http://www.cdfifund.gov/what_we_do/programs_id.asp?programID=9

$100,000 grant from the governor's strategic reserve fund in 2006.
http://www.highbeam.com/doc/1G1-152705127.html

$75,000 grant from the Oregon Department of Environmental Quality in 2006 and tax credits which JBI will be able to access in New York State.

Since the Reclaimed Plastics Tax Credit - which rewarded companies for using recycled plastics in new products - sunset in 2001, no tax credit exists for recycling plastics, outside of the 35 percent Material Recovery Facilities tax credit for buying and installing equipment used solely to recover waste material.

http://www.oan.org/displaycommon.cfm?an=1&subarticlenbr=28

Further requests made in 2009

“The state of Oregon has been a key player in helping us bring this process to market,” said Mary Sue Gilliland,
Agri-Plas vice president operations and business development. “We hope that with financial assistance from the Oregon Business Energy Tax Credit (BETC) we will be able to jumpstart construction of a new facility that will allow the company to increase crude oil production.”

The state of Oregon has made it a top priority to recruit and foster the growth of sustainability-oriented businesses through a variety of financial mechanisms such as BETC, which covers up to 50 percent of a qualifying project’s applicable costs.

http://www.septicert.org/bins/site/content/documents/news/customer/59l-03-16-09%20Oregon-Based%20Plastics%20Recycler%20First%20in%20Nation%20to%20Reclaim%20Synthetic%20Crude%20Oil%20from%20Unwanted%20Plastic%2C%20031609.pdf?_resolutionfile=contentpath|documents/news/customer/59l-03-16-09%20Oregon-Based%20Plastics%20Recycler%20First%20in%20Nation%20to%20Reclaim%20Synthetic%20Crude%20Oil%20from%20Unwanted%20Plastic,%20031609.pdf