Here's the math for anyone who needs it. The cu
Post# of 43066
Posted On: 06/23/2014 8:59:58 PM
Here's the math for anyone who needs it.
The current diesel spot price is $2.96/gallon as of a few days ago. The price you see at the pump includes taxes and markup...which the government and gas station get, not the producer.
Diesel weighs about $7.2 lbs per gallon.
So diesel costs about $0.41/lb at market prices.
Scrap prices for HDPE, a hydrocarbon-only plastic, are somewhere between about $0.42/lb and $0.46/lb. The market isn't tight and the quality is different. You can look at various websites and see what's bid and asked. If you see someone asking a price which seems too low while others are bidding way above that, you can assume the low-price plastic isn't up to par.
So if we assume the plastic carbon chains are clipped neatly into the diesel range of maybe nine to sixteen chains, and the extra hydrogen needed comes from one carbon neatly giving up its hydrogen atoms and dropping out as carbon residue, the cost for a lb of theoretical diesel is about $0.45/lb....which you can then sell for the diesel spot price at $0.41/lb.
That assumes perfect conversion with no losses and no operating costs. Perfect conversion costs $0.45 and is only worth $0.41 if converted to diesel. Plastic has a higher value in being recycled into plastic, not diesel.
Pyrolysis of hydrocarbon-only plastic scrap makes no sense and hydrocarbon-only plastics are the only plastics the NYDEC allows JBI to use.
This tidbit of information could save you from buying a stock at $0.10 with a worthless 'technology' which will eventually find its true value of $0.00. If you're hoping for a pump-driven spike, that's a different story.
The current diesel spot price is $2.96/gallon as of a few days ago. The price you see at the pump includes taxes and markup...which the government and gas station get, not the producer.
Diesel weighs about $7.2 lbs per gallon.
So diesel costs about $0.41/lb at market prices.
Scrap prices for HDPE, a hydrocarbon-only plastic, are somewhere between about $0.42/lb and $0.46/lb. The market isn't tight and the quality is different. You can look at various websites and see what's bid and asked. If you see someone asking a price which seems too low while others are bidding way above that, you can assume the low-price plastic isn't up to par.
So if we assume the plastic carbon chains are clipped neatly into the diesel range of maybe nine to sixteen chains, and the extra hydrogen needed comes from one carbon neatly giving up its hydrogen atoms and dropping out as carbon residue, the cost for a lb of theoretical diesel is about $0.45/lb....which you can then sell for the diesel spot price at $0.41/lb.
That assumes perfect conversion with no losses and no operating costs. Perfect conversion costs $0.45 and is only worth $0.41 if converted to diesel. Plastic has a higher value in being recycled into plastic, not diesel.
Pyrolysis of hydrocarbon-only plastic scrap makes no sense and hydrocarbon-only plastics are the only plastics the NYDEC allows JBI to use.
This tidbit of information could save you from buying a stock at $0.10 with a worthless 'technology' which will eventually find its true value of $0.00. If you're hoping for a pump-driven spike, that's a different story.
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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.