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  4. Plastic2Oil, Inc. (PTOI) Message Board

I don't understand your anger towards me. John ga

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Post# of 43066
Posted On: 08/27/2014 6:15:32 PM
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Posted By: Westlane
Re: grantg2 #12932
I don't understand your anger towards me. John gave this interview in 2009:

http://www.wallstreetreporter.com/2009/12/jbi...interview/

Quote:
"For P2O, which is one division I haven’t talked it, which is probably the biggest homerun of our company, is really in addition to the fixed cost and the clustering capabilities, we have in-house a catalyst, which is key. So, the catalyst that’s now been optimized and developed here basically allows us to convert waste unwashed plastics to fuel. It’s a low initial cost per machine, which approximates around 80K. It can process about 20 metric tons of mixed plastics everyday. We are still at about 125 barrels a day and at the west, WTI the — I think it’s about $71 a barrel right now today. We clear $68 with delivery charges in and the clear is about $2.2 million per site. We are doing that business plan on a mass of land rush with our management team, which is good at high-growth models. So, our plan is to launch 2,500 sites over the next few years. This doesn’t include the best scenario, which is really installing a cluster of processors into an oil tanker. Our greatest, so our greatest barrier at this time is how to deal with a 35% tax that we will be having to deal with on the Plastic2Oil sites. We are working on that now.

WSR: Who are some of your key competitors and what makes your company unique from some of the other players in your sector?

John Bordynuik: Several things — in the data migration field you have ma-and-pa operators with the off-the-shelf drives. We are slowly driving the mode and again being sole sourced by NASA opens a lot of doors for us. So, there isn’t a lot of competition in the tape industry. For Pak-It, because we own the patent, there isn’t anyone that can distribute chemicals in a water-soluble pack with a liquid. That’s something that’s us — our competitors there are obviously Procter & Gamble and JohnsonDiversey. We are displacing their systems in the big box retailers. So, that’s something about our product and we will continue to grow that business. In the plastic to oil there have been – plastic to oil attempts over a number of years, but without a catalyst their business model is doomed to bankruptcy. The catalyst really is what allows us to essentially convert the plastics to fuel. We get a 15% propane by-product, which goes back into fuel the process, and we don’t have huge pollution problems that the other sites would have. Therefore we don’t really have competitors in the Plastic2Oil business. We are specifically looking at a land rush, so it’s more along the lines of how quickly can we get the individual sites financed with state and tax credits to rollout as many as we can.





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