-- low emissions were validated by the series of stack tests, necessary for permitting and commercial operation in NY State.
-- the in-spec fuel product has been validated by several third-party testing companies and also by customers, who apparently are very pleased with the product.
-- processing 3,500+ pounds of mixed feed stock per hour continuously over 3 days was proven by SAI Corp. audit.
-- front end densification with HTF and backend continuous removal of carbon black are apparently the final technical issues, and we have heard the latter was performing well as of the end of August.
-- companies supplying feedstock such as Crayola and customers such as US Steel have given further validation, imo.
-- the next step in PoC validation would be seeing sharply increasing revenues combined with op. ex. reductions. We’ll know about this in a few days.
-- the final PoC would be machine sales/licensing agreements.
These last two achievements and the distinct possibility that JBI might accomplish them is why I am being patient.
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