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Post# of 43064
Some of us feel that the company's goose was already cooked when it started as a shell over seven years ago. Plastic is a value-added product over crude oil and, pound for pound, even scrap plastic is worth more than crude oil. Plastic has positive value being recycled once the usually prohibitive large cost of sorting plastic out of the waste stream is overcome. Turning plastic of any sort into oil is a business plan with a fatal flaw.
If anyone thinks that's not the case, they can either pretend that 'waste' plastic can be obtained for free and try to convince other investors that PTOI is just in its infancy...or they can contact CEO Mr. Heddle and ask what results PTOI has been able to achieve by running the processor, including the cost of the feedstock and the market price of whatever was produced.