"I believe the technology works....but to what deg
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That's exactly the right question. The answer is somewhere at or between, "No better than regular pyrolysis" to "$10/bbl to produce when loaded up with costs and offers to buy at WTI-$3."
Since the man who founded PTOI is highly dishonest, it would at least be prudent for the CEO to update investors with the real processor results so they can assess the value of the company. Right now PTOI is letting the $10/bbl story for diesel ride.
I can tell you for a fact that PTOI has an immediate customer for a processor if they can prove the $10/bbl cost claims for salable fuel oil or diesel. I will, no kidding, personally buy a processor if they can prove it. Of course I wouldn't be alone--for that 80%-100% annual return on the investment, I would certainly have to wait in a very long line.
So the question is...why doesn't Mr. Heddle just disclose those fantastic results from the processor runs from the second half of 2013 and have everyone beat down his door to buy a processor??
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