Replies to post #213714 on Plastic2Oil Inc (PTOI)

[arvitar]

Do the lies on which Bordynuik founded JBI and raised tens of millions of dollars, become obsolete, just because time has passed?


Here's what Bordynuik was purported to have said in 2009:

"I called the CEO John Bordynuik and talked to him for quite a bit. Here's what he told me.

There's a machine in China they use to burn plastic as fuel.

They don't have an EPA like we do and they don't care about costs either.

John has taken this machine and modified it and added a proprietary catalyst to it to extract oil from plastic.

Plastic is basically oil to start with.

In the past to extract oil from plastic it typically took 4 hours and more energy to extract it than you ended up yielding.

With John's method that time is reduced to 1 hour and you end up with oil and the gas emitted as a byproduct is used to power the machine.

Now comes the good part.

This machine can be operated on a zero cost in basis.

In fact you make money taking in the very plastic you want to extract oil from.

A city will typically pay 80 dollars a ton on plastic to dispose of it in a land fill and 1 dollar a tire.

So you are being paid to take the fuel you will use.

I kilogram of plastic yields 1 liter of fuel.

A tire is a bit harder to process but it will yield 1 gallon of fuel plus carbon and steel.

The company is going to franchise these machines across the country.

A franchise with the machine is 300k plus you pay part of your profits to the company.

This will enable the company to rapidly expand.

A bigger machine is being ship from China right now and will be fired up in Niagra Falls New York.

The company will be producing diesel fuel as it is easier and cheaper to process.