No need for me to call, Rawnoc; I don't doubt the veracity of what you've past along. All of it is really good news.
I think John made a smart decision to make getting the other two processors up and running as his top priority. The processor is proven to work. But will JBI be able to find enough buyers for its fuel? Obviously, JBI contends it can. But there is not as of yet a full circle proof of concept in existence in the world. But get those 3 processors running at full tilt with the requisite waste plastic coming in and enough repeat buyers to absorb all the fuel produced thereby, and there you have it: concept proven from start to finish. No more hemming and hawing for would-be JV partners. At that point JBI is a living, self-sustaining, profitable reality.
Waiting to prove this via a successful JV deal would take much longer. It also gives JBI first hand experience of working out the kinks of having multiple processors up and running. Much better to face as many of those challenges right at home rather than trying to resolve them at a distant site. Likewise, the first fuel sales are apt to be the slowest in coming together because of the newest of the product. But get these lined up and it should make it considerably easier to find customers for the much larger out put of fuel that the JV sites will generate. Again, the order of priority seems wise. For I'm sure JBI doesn't want to get a fleet of processors up and running at a JV site and then have to pay to store a bunch of that fuel because they can't find buyers quick enough. The option for such would-be fuel buyers to be able to call an array of existing customers who are pleased, as Coco is, should really help grease the wheel and mitigate such a potential bottleneck.
Anyway, nothing new to you of course--just some ruminations about JB's choice of giving priority to getting the NF plant fully up and running.
Steve
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