Posted On: 05/19/2014 9:27:20 AM
Post# of 43065
Re: techisbest #8154
Under the original business plan, JBI *was* going to get paid to take the waste plastic needed for the process. So the scenario was that the customer producing the waste plastic would be indifferent as to whether they paid a disposal firm to pick up the waste plastic or whether they paid JBI to pick up the waste plastic. I agree with that in principle.
And we're on the same page that the same 'waste' plastic can be turned into the exact same fuel with the same value regardless of whether it's processed with JBI's processors at a customer facility or at JBI's facility, right?
Transportation costs: yes, that's the one difference. But do those relatively small costs make the difference between being unprofitable and being profitable? On the other side, JBI has 'expertise' and also could aggregate plastic so it doesn't require any one company to produce around 20 tons of waste plastic per day. Virgin HDPE/LDPE plastic is currently around $2,000/ton so if a company wastes up to $40,000/day making waste plastic, that company might have other problems they need to fix.
"We wait to see if there are ANY customers who believe it makes sense."
If we can agree on the economic equivalency, it seems unlikely that any such customer exists since a joint venture or processing in-house can't make a profit.
And we're on the same page that the same 'waste' plastic can be turned into the exact same fuel with the same value regardless of whether it's processed with JBI's processors at a customer facility or at JBI's facility, right?
Transportation costs: yes, that's the one difference. But do those relatively small costs make the difference between being unprofitable and being profitable? On the other side, JBI has 'expertise' and also could aggregate plastic so it doesn't require any one company to produce around 20 tons of waste plastic per day. Virgin HDPE/LDPE plastic is currently around $2,000/ton so if a company wastes up to $40,000/day making waste plastic, that company might have other problems they need to fix.
"We wait to see if there are ANY customers who believe it makes sense."
If we can agree on the economic equivalency, it seems unlikely that any such customer exists since a joint venture or processing in-house can't make a profit.
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Yes, I understand your penny stock also is the real deal, created with the inventiveness of Edison and destined to be the next Microsoft. Yes, I understand that the delays are also only because your company is making their product and/or technology even more revolutionary.
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