"JBI is paying for the sorting and pre-processing
Post# of 43066
Posted On: 05/19/2014 11:48:56 AM
Re: techisbest #8164
"JBI is paying for the sorting and pre-processing of the waste plastic that they need."
The problem of sorting by type of plastic is why we see 94% of all plastic end up in landfills. If sorting was cheap and easy most of that landfilled plastic would instead be scrap plastic sold to recyclers at around $800/ton. Try to collect 16,000 empty HDPE gallon milk jugs weighing 2oz each to make a ton for that $800 and I suspect you'll see the labor cost involved. A $800/ton cost would virtually guarantee that JBI's process is worthless.
Pre-processing--is that shredding? Shredding is actually cheap...and whatever happened to JBI's new fangled "ram feed" system with which Mr. Bordynuik regaled shareholders a few years ago?
But it still comes down to whether a processor can convert some type of feedstock into a fuel which is worth more than that feedstock. The company stays inexplicably silent on that topic despite having data from actual testing and runs...even though providing evidence of that supposed value would send the stock skyrocketing and make financing cheaper...or they could use that evidence of value to actually fire up a processor and start baling money.
The problem of sorting by type of plastic is why we see 94% of all plastic end up in landfills. If sorting was cheap and easy most of that landfilled plastic would instead be scrap plastic sold to recyclers at around $800/ton. Try to collect 16,000 empty HDPE gallon milk jugs weighing 2oz each to make a ton for that $800 and I suspect you'll see the labor cost involved. A $800/ton cost would virtually guarantee that JBI's process is worthless.
Pre-processing--is that shredding? Shredding is actually cheap...and whatever happened to JBI's new fangled "ram feed" system with which Mr. Bordynuik regaled shareholders a few years ago?
But it still comes down to whether a processor can convert some type of feedstock into a fuel which is worth more than that feedstock. The company stays inexplicably silent on that topic despite having data from actual testing and runs...even though providing evidence of that supposed value would send the stock skyrocketing and make financing cheaper...or they could use that evidence of value to actually fire up a processor and start baling money.
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(0)Plastic2Oil, Inc. (PTOI) Stock Research Links
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.