John Bordynuik Hi J. A "positive net energy bal

John Bordynuik

Hi J. A "positive net energy balance" does NOT mean we consume 1 barrel for every two we produce. I was going to explain what is scientifically meant by "the positive net energy balance" yesterday but I believed some fools would actually think either: "perpetual motion" or "2 at the high cost of 1 barrel" which would then give skeptics and ... See Moreinvestors an idea of who really knows what they are talking about and those that don't. The energy conversion of our process shocked islechem actually. If our net energy balance was highly negative then it would not be worth processing plastic (like our competitors). Our process consumes approx. 4000 BTU of heat (off gas) to convert 1kg of plastic into approx. (0.9046kg) 44,000 BTU of fuel. The positive net energy balance means we get twice the energy out of the fuel than we get in the combination of: (energy in the plastic feedstock plus energy used to convert to fuel). This is independent of the price/barrel because in most cases we get the source energy (that is feedstock) for nothing or paid to accept (tip fee).Therefore, we are not paying for that energy. The off-gas comes from the feedstock. We actually have a surplus of natural gas so we will pipe it to a generator.

BTW: The $10 cost/barrel is the result of our P2O FL management team heavily loading up costs on the overhead side (building, staff, utils, maintenance, legal, permitting, capital costs, etc..) +and cutting production in half. We are proceeding conservatively to provide JV's achievable numbers.