You "forgot" to bold your own copy and paste in the right spot:
"others may independently develop"
May develop = future. The 10K doesn't dispute anything, and the very copy and paste you did proves MY point. They don't mention anybody else who has a technology that's better.
In reality....
"Currently, several plastic-to-oil processes are operational globally. These facilities employ a wide range of technologies and yield varying purities of fuel output. We believe that these other processes do not provide a solution that is cost-effective, cannot be scaled for high-volume production and cannot be readily expanded for multi-site or global applications. In contrast, our P2O process requires only minimal capital investment, yields high-quality fuel, requires very little energy to operate and occupies a small footprint of approximately 1,000 square feet of space, which facilitates the construction of multiple processing sites."