Replies to post #249740 on Plastic2Oil Inc (PTOI)

[Rawnoc]

$440 million for a waste-to-energy plant that makes fake Petcoke that has to be mixed with real Petcoke
http://biomassmagazine.com/articles/3078/us-virgin-islands-to-develop-2-waste-to-energy-plants

Is that profitable? Of course not.

This is just one of thousands of examples of investments in alternative energy that is NOT motivated by profit. Petcoke already doesn't have a lot of value. How much value is there in FAKE petcoke? Yet here they are investing $440 million in a clearly unprofitable waste-to-energy idea.

Meanwhile, JBII's process (not the company) had a tiny profit last quarter despite still working off very overpriced inventory, far greater than what they currently pay. To me, they just need to show greater feed rate and up time, and they'll really get big bucks. $365,000 last quarter in production is a decent start. $500,000 to $1 million would be better.

While I am in no way suggesting JBII's processors will sell for $440 million, I do believe they will be sold for several million bucks a piece greater than cost. If they can't show much profit, they will still be sold. If they can increase the volume of fuel AND increase the volume of profit? It's going to be an out of the park home run since people, companies, and governments are willing to buy alternative energy that is unprofitable never mind what they might pay if it's profitable too.