Replies to post #180906 on Plastic2Oil Inc (PTOI)

[dreaminbig]

Just for petroleum distillates and knowing they had to shut down number 1 to install number 2 and thinking number 2 was probably being tinkered with for a while after they moved it into the old building. Maybe 127,493 for revenue, not profit.

But that's never been the premise of P2O. The premise from day one was the catalyst that would make it possible to make huge profits because they could make OIL at 10 dollars a barrel. Are they turning plastic into OIL for 10 dollars a barrel?

Lots of companies are turning plastic into fuel. Nothing new. Will John use some of his money or shares to invest in the company if it needs it?

[loanranger]

When you say "p2o revenues alone" are you saying that it is your understanding that the estimate called for in the contest is for plastic to fuel revenues alone?

I see that you are inquiring about other estimates yet you have not submitted one of your own. You're in good company. I'm not sure why other individuals are noticeably absent from the list of guessers, perhaps they would like to avoid a repetition of past embarrassments, but I believe that the company may have announced a policy change by example in their 10-K that they no longer intend to provide a separate plastic to fuel revenue number. In which case, my estimate would be ZERO, which would clearly not be the real case, or UNKNOWN, which doesn't fit very neatly in the table. It's too bad, because I'd like nothing more than to take some of the sponsors cash. If he's reading this, maybe he'll find a way to accept one of those answers.

What's your estimate, Frank? Do you share my understanding that the meaning of P2ORevenues in the JBII Q1 P2ORevenues Contest is plastic to fuel revenues only?

[Zardiw]

What does JBII do with unwanted, unsorted and dirty plastic?


They make End-User Fuels like this. To the tune of 281 Barrels/Day per processor potential production. This works out to about $10M/Year/Processor revenues.

Bingo Baby. And the output of JBII's P2O processor(S) is absolutely beautiful:



JBII Fuel Products and Specifications:





Firing up the lawnmower with JBII gasoline! From Techisbest:

My unrehearsed video:

This lawnmower has not been run this season. The smoke you see when I first fire it up is from it sitting idle. Note that the longer it runs the cleaner it runs.

The jar used is the one on the left in this pic:

Fuel Ouput:



EMail to Techisbest:

Nice to hear your lawnmower ran well with the fuel tapped directly off our gasoline condenser.

Our gasoline is no different than highly refined gasoline from a refinery. Our gasoline is different than gas found at the pump because we do not inject the additives and low cost cutting agents (butane injection), aromatics, and other additives to artificially inflate the octane thereby reducing the amount of high-cost gasoline. Many additives are injected in pure gasoline to increase the margin on gasoline at the pump. Our fuel was tested in a new engine long ago and the spark plug, head, valve seats and valves were inspected. There was no carbon build up, pitting, burns, or oxidation on those parts. We were quite impressed by how cleanly it burned.

Regards,

John Bordynuik

And they sell it to these (more customers on the way):

1. Coco Paving:

Coco Asphalt Engineering, a division of Coco Paving, Inc., entered into a Supply and Service Agreement for the Company’s ultra-clean, ultra-low sulphur fuel.


2. Oxy Vinyl:

Oxy Vinyl Canada, a wholly owned subsidiary of Occidental Petroleum (NYSE: OXY - News), has agreed to purchase JBI's low sulphur heating oil for $109.80 per barrel.

3. Indigo Energy:

long-term fuel supply agreement with Indigo Energy Partners, LLC (“Indigo Energy”).

“We are very impressed with JBI, Inc.’s proprietary technology and the quality of their fuel products,” stated Martin N. Underwood, Jr., COO of Indigo Energy



4. XTR Energy:

the signing of a multi-year transport fuel supply agreement with XTR Energy Company Limited (“XTR Energy”).



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