"are these the machines that DIDNT exists before J
Post# of 43066
Posted On: 08/05/2014 10:52:08 AM
"are these the machines that DIDNT exists before John designed and built them? LMAO"
- A1ias
A1ias' posts indicate he's relatively new here so he doesn't remember JBI's beginnings. The real story is that JBI was started by John Bordynuik who claimed he found the recipe for an amazing catalyst on a tape drive and this catalyst, Mr. Bordynuik claimed, would allow him use ordinary pyrolysis to make crude oil for under $10/bbl which later he said Somerset offered him near West Texas Intermediate crude oil prices.
Mr. Bordynuik then purchased (not designed and built) processor #1 from a company called Donghe in China. Since the catalyst was the key, that catalyst was fully tested in a 1-kg and 1-ton processor and Mr. Bordynuik stood by and reiterated his fantastical claims, there was no problem scaling up to the 20-ton Donghe processor. After fully testing his catalyst in the 20-ton Donghe processor, Mr. Bordynuik continued to stand by his $10/bbl and WTI-$3/bbl claims. With those claims at the forefront, Mr. Bordynuik announced full-production commercial operations of the Donghe processor with his secret and supposedly amazing catalyst.
It was only much later that it became obvious to the more observant that Mr. Bordynuik's claims of $10/bbl cost and WTI-$3 offer were bald-faced lies intended to defraud investors. But by that time Mr. Bordynuik rolled out processor #2 which was presented to investors as the cat's meow and that kept investors appeased. Other than Mr. Bordynuik's mysterious tinkerfarking with processor #2, there's no evidence that Mr. Bordynuik did any designing on processor #2...nor processor #3 for that matter. All the public knows is that Mr. Bordynuik paid himself enormous sums of money out of investors' funds and they can guess that most of that paid money was capitalized into the plant and equipment.
.
- A1ias
A1ias' posts indicate he's relatively new here so he doesn't remember JBI's beginnings. The real story is that JBI was started by John Bordynuik who claimed he found the recipe for an amazing catalyst on a tape drive and this catalyst, Mr. Bordynuik claimed, would allow him use ordinary pyrolysis to make crude oil for under $10/bbl which later he said Somerset offered him near West Texas Intermediate crude oil prices.
Mr. Bordynuik then purchased (not designed and built) processor #1 from a company called Donghe in China. Since the catalyst was the key, that catalyst was fully tested in a 1-kg and 1-ton processor and Mr. Bordynuik stood by and reiterated his fantastical claims, there was no problem scaling up to the 20-ton Donghe processor. After fully testing his catalyst in the 20-ton Donghe processor, Mr. Bordynuik continued to stand by his $10/bbl and WTI-$3/bbl claims. With those claims at the forefront, Mr. Bordynuik announced full-production commercial operations of the Donghe processor with his secret and supposedly amazing catalyst.
It was only much later that it became obvious to the more observant that Mr. Bordynuik's claims of $10/bbl cost and WTI-$3 offer were bald-faced lies intended to defraud investors. But by that time Mr. Bordynuik rolled out processor #2 which was presented to investors as the cat's meow and that kept investors appeased. Other than Mr. Bordynuik's mysterious tinkerfarking with processor #2, there's no evidence that Mr. Bordynuik did any designing on processor #2...nor processor #3 for that matter. All the public knows is that Mr. Bordynuik paid himself enormous sums of money out of investors' funds and they can guess that most of that paid money was capitalized into the plant and equipment.
.
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