Replies to post #184241 on Plastic2Oil Inc (PTOI)

[Toxic Avenger]

Here's an interesting exercise.
At the quoted rate, a single processor would use between 10 (250 days) and 14 (365 days) million pounds of plastic per year.

In 2010, the U.S. generated 31 million tons of plastic waste http://www.epa.gov/osw/conserve/materials/plastics.htm

That means to feed a single processor would require 1.6/100ths of a percent (.00016) of all the waste plastic generated in the U.S.

Sounds small enough, right?
1.6/100ths of a percent of the U.S. is about 500 square miles.

So 1 processor, running only 250 days/year, would require ALL the waste plastic GENERATED in an average 500 square mile area. If JBI can "only" get 20% of the waste plastic generated, the area goes up to 2,500 square miles per processor.

Hence, unless my math is wrong (or your SAIC information), I don't expect to see a big jump in revenues anytime soon.