Replies to post #127475 on Plastic2Oil Inc (PTOI)

[loanranger]

"RockTenn shall provide all Plastic Feedstock to JBI at no cost."

I never suggested that the agreement called for RockTenn charging JBI for Plastic Feedstock.



"Thus to the extent that such plastic is "available" at a RockTenn facility at which a JBI processor is present, RockTenn must provide such plastic to JBI (per clause 3.4.1)."

I hope I didn't say anything to the contrary.


That same clause also says:
"Should RockTenn make such Plastic Feedstock available at a landfill or other unit located on a RockTenn Facility, JBI shall be responsible for obtaining all Governmental Authorizations for, and the costs of, removing the Plastic Feedstock from the landfill or other unit, transporting it to the License Area, processing it through the JBI Machines, and paying all other costs and taking all other actions required to convert such Plastic Feedstock into Fuel." (highlight mine)

The above seems to suggest that the RockTenn Facility identified in a given Agreement Addendum will incorporate the License Area within its walls, otherwise ALL feedstock would require some transportation. Is that your understanding? It may have been done already (I'm obviously confused), but I'm trying to firmly establish whether the processor will or will not be kept in the "steel shed" that JBI will be required to construct. I still don't know exactly what the steel shed is for. Can you clear this up?