According to the Islechem report summary filed with the 8K, Islechem only tested the process - they are not involved with improving the catalyst or eqpt efficiency improvements as we were all led to believe.
Posted by: SteveF Date: Thursday, April 15, 2010 10:48:19 AM
In reply to: Estimated_Prophet who wrote msg# 37639 Post # of 37658
According to the Islechem report summary filed with the 8K, Islechem only tested the process - they are not involved with improving the catalyst or eqpt efficiency improvements as we were all led to believe.
sec.gov
Quote:
JBI, Inc retained IsleChem in Dec 2009 to analyze their plastic to oil solution and assist with preparing documentation required for state permits.
We modified JBI's P2O processor to collect data from sensors, residue, and off gas for analysis.
Until they release the actual report we have no idea if the secret catalyst had any effect (or if it was even tested at all). It sounds like they simply tested the Blest/Donghe machine as-is. Those mfgr's make this same data available (as their other customers require the same permits) so I can't figure out why Islechem was even hired (except to sell more stock).
siliconinvestor.com
Posted by: SteveF Date: Thursday, April 15, 2010 10:59:46 AM
In reply to: clu82 who wrote msg# 37642 Post # of 37658
I'm talking about the portion Islechem provided on their own letterhead. They appear to be distancing themselves from the claims being made about their involvement here.
They were hired to gather data required for permits. The only modifications they've made to anything were to collect such data (adding sensors, etc...). No mention whatsoever from Islechem that they've ever even heard about JBII's secret catalyst.
sec.gov
Quote:
JBI, Inc retained IsleChem in Dec 2009 to analyze their plastic to oil solution and assist with preparing documentation required for state permits.
We modified JBI's P2O processor to collect data from sensors, residue, and off gas for analysis.
Also, JBII's PR Tuesday about Islechem says nothing about them helping to improve anything. Islechem was simply hired to test. This is not at all what JBII associates and supporters on this message board have led us all to believe.
Quote:
Other Events, Financial Statements and Exhibits
Item 8.01 Other Items
On April 13, 2010, JBI, Inc. (the "Company") announced that IsleChem, a state certified laboratory, has validated its P2O process. Since December 2009, IsleChem has conducted extensive chemical, analytical and process engineering testing for JBI's P2O technology on a diversified range of plastic feedstock's. A wide variety of plastics were tested and all produced residue of only about 1%, which is allowed in landfills.
In their continuing efforts to analyze the P2O process Islechem has performed more than 40 small scale runs of various multicoloured, mixed plastic feedstocks through the process. After analyzing the energy consumption, residue, off-gas, and material balance in the process, Islechem has determined JBI's P2O process to be repeatable and scalable in addition to the confirmed validity of the overall process.
If Islechem has now officially validated the P2O process, why does another testing company need to be hired to validate it again?
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