Replies to post #195634 on Plastic2Oil Inc (PTOI)

[arvitar]

Businesses that can't earn a profit, fail. This is 100% guaranteed.

JBI loses over $1MILLION/month, and has been doing so since their inception, and will likely continue to do so indefinitely.

It doesn't matter how lovely it is for the environment. JBI isn't even considered a player in this field, since there isn't a single shred of evidence that JBI can actually convert plastic to oil any more efficiently than the dozens of other companies already in the pyrolysis field.

Getting sued for FRAUD by the SEC doesn't exactly work towards giving JBI a wholesome, "clean" image.

[ergo sum]

The U.S. produced 13.2 billion U.S. liquid gallons (49.2 billion liters) of ethanol fuel in 2010.

About 300 million tons of plastic is produced globally each year.