It's as meaningless as the Rock Tenn agreement anyway.
- No one still knows how much of each output can be produced (based on last quarter, the answer is "far less than predicted")
- There's no indication that any products can be produced profitably for JBI. Quite the opposite in fact.
- JBI will need to purchase refined fuels to blend with their output to sell some of it.
- #6 fuel oil is a residual oil that's left over from oil refining. It's worth far less than any other oil-based fuel. It's extremely viscous and needs to be pre-heated to over 220 degrees to burn. Yet JBI's first sales agreement was for this goo.
There are no details on the purchase agreements. Anything is possible. The companies could have been offered a 50% discount to current wholesale price. They could have been given stock in the company. IMHO, you can bet none of these agreements commit the purchasers to more than Rock Tenn, which is virtually nothing. They simply provide a good PR opportunity for JBI, which needs as many of those these days as they can get. The proof of any value from these agreements is at least a year away. Until then, you'll hear nothing but "Wait until..." and "Next quarter..." and the ubiquitous "Here's why JBI missed...".
Market Data 
Markets 
AI
