News Focus
News Focus
icon url

LazySusan

05/10/11 7:14 AM

#107419 RE: dreaminbig #107418

Are you joking,....214 barrels is two days of operation for the 20T,...I think they got some kind of approval to run that one on Dec. 15th, 2010.

Again, not that great with math, but I think that is around 150 days of potential run. Even if the only ran 50% of that time, there might be a little left over for more sales
icon url

Justice37

05/10/11 11:54 AM

#107514 RE: dreaminbig #107418

JBI can't make enough naphtha from the one unit to meet the demand from whoever the LOI is with. Take it as up to the full amount. As more processors are operating the more naphtha they will be able to make. They do need the newer air permit but that permit can be given at any time.

You should check your own math, the deal with Oxy is for diesel #2 so that takes about 2.5 days, since you were so specific I think it's only fair. It's also the "first" delivery, nothing about only or last in that sentence.

What does this small fuel sale do, it validates the company once again. Not too long ago (two days ago actually) we were still hearing that JBI will never make a fuel sale and that they will never get the same as crude oil or more prices for their fuel, seems they and you were wrong about that one, JBI got higher than crude prices and it was a real bargain for Oxy considering the quality of the fuel.

A multi-billion dollar "petroleum" company bought JBI fuel. It wasn't the Banana Brothers Fuel Inc. that bought it, it was bought by experts who understand and know fuel. This is validation of the process that many said didn't exist and reduces yet again, the number of items that can be used to smear the company.