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  4. Plastic2Oil, Inc. (PTOI) Message Board

Roth_IRA_3000: Thanks for that.  Have you been ab

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Post# of 43066
Posted On: 11/25/2013 3:32:30 PM
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Posted By: techisbest
Re: Roth_IRA_3000 #5940
Roth_IRA_3000: Thanks for that.  Have you been able to compute how much plastic + HTF was processed to arrive at the meager numbers that were reported?

TSON suggests they are running at 500 lbs. per hour with the target being 3,000 lbs. per hour.  Was that 500 lbs. per hour reported or calculated?

They produced 170,000 gallons for the quarter.  That's 643,520 liters. Assuming 1 liter produced for each kilo of feedstock (?), that's 643,520 kilos of feedstock. Or 1,418,720 lbs.

If I use TSON's 500 lbs. per hour, that works out to  2,837 hours.  Or 118 days.  Given 90 days in a quarter, that isn't too far off.

So 500 lbs. per hour seems to be in the ball park. Seems more like 600 lbs. per hour.

If they can get up to 5X that throughput rate will they be sitting pretty?  Only if the costs are drastically reduced.  It's probably not a great model for making a lot of money just to produce fuel with the costs and resulting revenues.

But it might be enough to make the machines marketable to generators of plastic waste.  And possibly municipalities that find it better than current methods of dealing with the waste.

Well they did go from 44,000 gallons produced in Q2 to 170,000 gallons in Q3.

But they produced 82,618 gallons for the first 23 days of the first run of P3, and only 170,000 gallons for the entire third quarter.  That tells me that they did not ramp up throughput for the second P3 run.  If anything, it was less given that the first run went another week.

The problem is the lack of transparency. We are left to guess what is happening based on the limited data the company is willing to provide.


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