And if I could reiterate one more thing which I've
Post# of 43066
Posted On: 01/18/2016 12:08:40 PM
And if I could reiterate one more thing which I've been saying since 2010. The math doesn't work on PTOI's process. Sorted plastic has a market value higher than crude oil. Plastic is a value-added product over oil--and even recycled plastic is worth more. Even at 100% conversion efficiency from plastic to oil-and if that oil was worth the price of crude oil, it's a value destroying process. Look at the prices of scrap plastic. Pound for pound, scrap plastic is worth more than oil.
Yes household plastic is routinely thrown away...but sorting that plastic out of the waste stream is prohibitively expensive. You would have to sort out 2,352 empty plastic gallon milk jugs to get one barrel of oil at 100% conversion. Today that would get $30...assuming zero other costs.
Even if PTOI's process could do everything Mr. Bordynuik claimed, it would still lose money.
Yes household plastic is routinely thrown away...but sorting that plastic out of the waste stream is prohibitively expensive. You would have to sort out 2,352 empty plastic gallon milk jugs to get one barrel of oil at 100% conversion. Today that would get $30...assuming zero other costs.
Even if PTOI's process could do everything Mr. Bordynuik claimed, it would still lose money.
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(0)Plastic2Oil, Inc. (PTOI) Stock Research Links
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.