Replies to post #243630 on Plastic2Oil Inc (PTOI)

[Rawnoc]

The more relevant question is how much does it cost to operate a truck and pay a driver to collect used oil in relatively small quantities?

US Steel (NYSE: X) was mentioned as one of the suppliers of waste oil. I'm thinking they don't have to drive around very much to collect it. I hear their operations are slightly bigger than the local Jiffy Lube.

[Rawnoc]

WASTE oil (not used) from US Steel (NYSE: X):

Waste oil will be sourced from NOCO, U.S. Steel and other
sources meeting the requirements of 6NYCRR Part 225-1 and
225-2. NOCO pre-tests its waste oil shipments and will
provide certifications with the waste oil trucks. U.S.
Steel does not have an in-house laboratory. Therefore
waste oil shipments will be screened/analyzed prior to
usage. If a supplier does not supply a certificate of
analysis upon arrival, the trailer will be unloaded into a
tank and segregated in that tank until the material can be
sampled, analyzed and certified that it meets the
requirements of 6NYCRR Part 225-1 and 225-2. Unacceptable
loads will be either returned to the generator or shipped
to an approved waste disposer.

(that's from the DEC)

[jcoukr]

I would refer you to your prior statement..

I'm familiar with a local start-up fuel distribution company that hit $22 million in revenue in three years. They are struggling in an industry that operates on razor thin margins...something that JBI has not, is not and will never be suited to deal with as an oil recycler.

seems affordable to me if companies can do 22 mil in rev but not afford to keep the doors open.