JBII News. . . Nothing new here, but interestin
Post# of 43064
Nothing new here, but interesting nonetheless. . .
JBI, Inc. (OTCBB: JBII) FULL REPORT
With its revolutionary P2O technology, JBI has pioneered a process that has the ability to change the way the world handles waste plastic and plastic recycling.
JBI is committed to environmental sustainability by diverting plastic waste from landfill and potential incineration. The Company is also committed to the creation of green employment opportunities and a reduction in the cost of plastic recycling programs for municipalities and business.
The Company’s feedstock sources primarily include post-commercial and industrial waste plastic. The P2O processor accepts unwashed, unsorted waste plastic, composites and commingled materials, which are difficult to dispose of and are typically found in industrial waste streams. The Company believes its P2O process offers a cost-effective, environmental solution for businesses and communities.
JBI is also partnering with businesses and municipalities who collect waste plastics. Typically, this waste plastic is delivered to independent Material Recycling Facilities (MRFs), where it is often sent to landfill. Their vision is to help redirect these waste plastic streams, preventing them from entering local landfills.
From a single P2O processor JBI can produce a range of fuel products, which do not require further refining:
No. 6 Fuel is heavy fuel generally used in industrial boilers and ships. No. 6 Fuel produced by the P2O process is the Company’s cleanest product when compared with existing industry standards, containing less than 16 ppm of sulphur in comparison with the maximum of 30,000 ppm allowable in mainstream No. 6 Fuels. Other No. 6 Fuel products are residue products of the refining process and are considered residue fuels, whereas JBI’s No. 6 Fuel is a direct product of its P2O process, meaning it does not require further blending. JBI’s No. 6 Fuel is a clear brown liquid at temperatures of 90º F. It has been tested by major industrial users with positive results.
No. 2 Fuel is a mid-range fuel commonly known as furnace oil or diesel. When No. 2 Fuel is used for industrial purposes as furnace oil, it does not require any additives. If the fuel is to be used as diesel, it must have a lubricity and anti-oxidant additive. 100% of the JBI, Inc. No. 2 Fuel is derived from waste plastic and does not require blending.
Naphtha is a very light fuel that is used as a cut feedstock for ethanol or as white gasoline in high and regular grade road certified fuels. Butane and additives are typically required, along with blending, to make Naphtha road-ready. The Naphtha produced by the P2O process is ultra-clean and ultra-low sulphur.
Petcoke (Carbon Black) is a carbonaceous solid produced as the result of the carbon cracking process. Because of its high BTU (British Thermal Unit) value, the highest industry usage of Petcoke is by steel manufacturers who use it to fire their blast furnaces. JBI produces Petcoke through the P2O process and will be seeking a BUD (Beneficial Use Determination) to sell this product to end-users.
Off-Gases accounts for approximately 10-12% of the output of the P2O process is a range of off-gases, including butane, propane and hydrogen. JBI utilizes these off-gases to run the P2O processor.
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