yep .. tho' imo 2019 has been overall *interesting* re: PTOI (stock)
noted *there* back in July about PTOI looking *surgical* to me (that isn't retail imo)
what was interesting about that timing .. pertained to PTOI's Monthly volume seemingly falling off a cliff .. after (volume) maintenance was clearly in play from EO Jan 2019 to early Jun 2019 ..
what would make volume go *poof*?
.. remember one long had a bid of 150000 @ 025 @ bid .. that oddly imo would be filled in 3 days .. when mere weeks earlier 2 longs' bids (about 30000 in size) took over 2 weeks to fill
i have to wonder (pure speculation on my part) if PTOI's volume went *poof* in both June/July because other aspects were being waited on (presuming re: buyer & funding)
which is why i found the timing of RH's 8K on 7.30.19 to be of *significance*
specifically the extension (dates) to 12.31.20
https://www.sec.gov/Archives/edgar/data/13811...-index.htm
i just posted *there* about how (after years of evolution) a private company within this emerging sector is having its first site/install .. funded
=========================
just a reminder of how another (albeit a private company) in this emerging sector is funding its first site/install after several iterations
it will be interesting to see how B&D/Nulixo is funding P2O's processors ..
did some speculation regarding this yesterday ..
4kids
=======================
Brightmark Energy Closes $260M in Financing for Nation’s First Commercial-Scale Plastics-to-Fuel Plant?
April 11, 2019
SAN FRANCISCO – Brightmark Energy, a San Francisco-based waste and energy development company, today announced the closing of a $260 million financing package for the construction of the nation’s first commercial-scale plastics-to-fuel plant, which will be located in Ashley, Indiana. The financing for “Brightmark Energy Ashley Indiana” includes $185 million in Indiana green bonds, which were underwritten by Goldman Sachs & Co. As part of the financing closure, Brightmark has become the controlling owner of RES Polyflow, the Ohio-based energy technology company that innovated the process for converting plastics directly into transportation fuel and other products.
The Ashley facility will be the first of its kind to take mixed waste single-use plastics and convert them into usable products at commercial scale. The facility will initially convert approximately 100,000 tons of plastics into over 18 million gallons a year of ultra-low sulfur diesel and naphtha blend stocks and nearly six million gallons a year of commercial grade wax in a process that is expected to be 93% efficient. Ultimately, the outputs of this technology could also be used to produce the feedstocks necessary for manufacturing plastic again, thus creating the world’s first truly circular economy technology for plastics.
“We are excited about the market’s confidence in the validity of this technology to economically convert single-use plastics for new uses,” said Bob Powell, Chief Executive Officer of Brightmark Energy and of RES Polyflow. “This technology provides a strong incentive for diverting single use plastics away from oceans, waterways, communities and landfills by creating reusable value. Plastic pollution is such a pressing global issue, and we are thrilled at the opportunity to provide a solution.”
RES Polyflow’s plastics-to-fuel process sustainably recycles waste that has reached the end of its useful life – including items that cannot readily be recycled, like plastic film, flexible packing, styrofoam and children’s toys – directly into useful products, like fuels and wax.
According to analysis released this week by Closed Loop Partners, there is an existing $120 billion addressable market in the U.S. and Canada for plastics and petrochemicals that could be met, in part, by recovering waste plastics like those used as feedstock in the Ashley, Indiana facility. The resources recovered from waste plastics could displace fossil fuels being used in these markets today.
Jay Schabel President of Brightmark Energy’s plastics division and of RES Polyflow, said, “I’m excited to be joining a team that has the experience and capability to further the RES Polyflow technology. The Ashley facility provides the next step in realizing our vision to end plastic pollution, and we look forward to partnering with Brightmark
to develop future plastics-to-fuel projects throughout the United States.”
A total of 136 full time manufacturing jobs will be created in Northeast Indiana when all phases of the facility are operational. BP will purchase the fuels produced by the facility, which will be distributed in the regional petroleum market. The Ashley plant will also produce commercial grade waxes for sale to the industrial wax market, which will be purchased by AM WAX.
A groundbreaking is scheduled for next month. Interested reporters can contact the company for more information.
###
ABOUT BRIGHTMARK ENERGY
Brightmark Energy develops, owns and operates waste and energy projects that employ technology solutions including plastics to renewable resources and renewable natural gas solutions for its customers and partners. Brightmark’s mission is to create significant long-term value and a positive global impact by delivering waste and energy solutions. Brightmark’s subsidiary, RES Polyflow, designs, manufactures and implements commercial scale energy recovery systems that offer a responsible end of life solution for non-recycled waste plastic. Learn more at http://brightmarkenergy.com.
=======================
Read More: https://investorshangout.com/post/newpost/633...z64v4HivSj
noted *there* back in July about PTOI looking *surgical* to me (that isn't retail imo)
what was interesting about that timing .. pertained to PTOI's Monthly volume seemingly falling off a cliff .. after (volume) maintenance was clearly in play from EO Jan 2019 to early Jun 2019 ..
what would make volume go *poof*?
.. remember one long had a bid of 150000 @ 025 @ bid .. that oddly imo would be filled in 3 days .. when mere weeks earlier 2 longs' bids (about 30000 in size) took over 2 weeks to fill
i have to wonder (pure speculation on my part) if PTOI's volume went *poof* in both June/July because other aspects were being waited on (presuming re: buyer & funding)
which is why i found the timing of RH's 8K on 7.30.19 to be of *significance*
specifically the extension (dates) to 12.31.20
https://www.sec.gov/Archives/edgar/data/13811...-index.htm
i just posted *there* about how (after years of evolution) a private company within this emerging sector is having its first site/install .. funded
=========================
just a reminder of how another (albeit a private company) in this emerging sector is funding its first site/install after several iterations
it will be interesting to see how B&D/Nulixo is funding P2O's processors ..
did some speculation regarding this yesterday ..
Quote:
the third aspect has had me puzzled since late January 2019
but the more I speculate .. the more i'm convinced it pertains to P2O's efforts
in regards to their first sale .. remember we have bits and pieces to pull from based on factual time lines:
Canadian Patent Issued
NYSDEC *activity*
Curtis Bramble's Conflict of Interest Statement
PTOI's trading on 1.29.19 (and that massive hidden trade %)
PTOI's *volume* maintenance from Feb 2019 to early Jun 2019
(then it falls off a cliff b4 being *resumed*)
RH's Filing of July 2019 .. significant to some re: date of 12/31/20
and of course the 8K filed on 10.8.19
if the funding for P2O's first sale *aligns* with what is being done elsewhere (private company install) ..
yesterday's surgical efforts .. which have been noted a few times previously *here* (2019) ~
because *imo* they are so unusual .. brings a whole new element into the mix of PTOI's *trading*
4kids
=======================
Brightmark Energy Closes $260M in Financing for Nation’s First Commercial-Scale Plastics-to-Fuel Plant?
April 11, 2019
SAN FRANCISCO – Brightmark Energy, a San Francisco-based waste and energy development company, today announced the closing of a $260 million financing package for the construction of the nation’s first commercial-scale plastics-to-fuel plant, which will be located in Ashley, Indiana. The financing for “Brightmark Energy Ashley Indiana” includes $185 million in Indiana green bonds, which were underwritten by Goldman Sachs & Co. As part of the financing closure, Brightmark has become the controlling owner of RES Polyflow, the Ohio-based energy technology company that innovated the process for converting plastics directly into transportation fuel and other products.
The Ashley facility will be the first of its kind to take mixed waste single-use plastics and convert them into usable products at commercial scale. The facility will initially convert approximately 100,000 tons of plastics into over 18 million gallons a year of ultra-low sulfur diesel and naphtha blend stocks and nearly six million gallons a year of commercial grade wax in a process that is expected to be 93% efficient. Ultimately, the outputs of this technology could also be used to produce the feedstocks necessary for manufacturing plastic again, thus creating the world’s first truly circular economy technology for plastics.
“We are excited about the market’s confidence in the validity of this technology to economically convert single-use plastics for new uses,” said Bob Powell, Chief Executive Officer of Brightmark Energy and of RES Polyflow. “This technology provides a strong incentive for diverting single use plastics away from oceans, waterways, communities and landfills by creating reusable value. Plastic pollution is such a pressing global issue, and we are thrilled at the opportunity to provide a solution.”
RES Polyflow’s plastics-to-fuel process sustainably recycles waste that has reached the end of its useful life – including items that cannot readily be recycled, like plastic film, flexible packing, styrofoam and children’s toys – directly into useful products, like fuels and wax.
According to analysis released this week by Closed Loop Partners, there is an existing $120 billion addressable market in the U.S. and Canada for plastics and petrochemicals that could be met, in part, by recovering waste plastics like those used as feedstock in the Ashley, Indiana facility. The resources recovered from waste plastics could displace fossil fuels being used in these markets today.
Jay Schabel President of Brightmark Energy’s plastics division and of RES Polyflow, said, “I’m excited to be joining a team that has the experience and capability to further the RES Polyflow technology. The Ashley facility provides the next step in realizing our vision to end plastic pollution, and we look forward to partnering with Brightmark
to develop future plastics-to-fuel projects throughout the United States.”
A total of 136 full time manufacturing jobs will be created in Northeast Indiana when all phases of the facility are operational. BP will purchase the fuels produced by the facility, which will be distributed in the regional petroleum market. The Ashley plant will also produce commercial grade waxes for sale to the industrial wax market, which will be purchased by AM WAX.
A groundbreaking is scheduled for next month. Interested reporters can contact the company for more information.
###
ABOUT BRIGHTMARK ENERGY
Brightmark Energy develops, owns and operates waste and energy projects that employ technology solutions including plastics to renewable resources and renewable natural gas solutions for its customers and partners. Brightmark’s mission is to create significant long-term value and a positive global impact by delivering waste and energy solutions. Brightmark’s subsidiary, RES Polyflow, designs, manufactures and implements commercial scale energy recovery systems that offer a responsible end of life solution for non-recycled waste plastic. Learn more at http://brightmarkenergy.com.
=======================
Quote:
PTOI just became interesting again, I hope that was new money entering the stock.
It looked like that to me, as I don't think long term holders would have bid so aggressively after the last few failed contracts.
I reckon longs would be more cautious IMO.
Read More: https://investorshangout.com/post/newpost/633...z64v4HivSj
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