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Pastimes : Plastics to Oil - Pyrolysis and Secret Catalysts and Alterna
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To: scion who wrote (1857)8/13/2010 12:28:51 PM
From: scionRead Replies (1) of 53574
 
The Company currently owns five P2O processing machines including the original desk-top unit, a 1-ton unit which will continue to be used for research and development purposes as needed, a 20T processor located at the Company’s Niagara Falls location, as well as component parts that have been procured to assemble two additional production size processors.

The Company believes that these machines are capable of converting waste plastic to oil through a process using a chemical catalyst. The currently operating machine is a 20 metric-ton processor intended for commercial use.

The Company intends to assemble more of these machines, which it will own and manage itself, or license to commercial operators in the United States, Canada and elsewhere.

Through a joint venture with a third party, the Company plans to install machines intended for international use on ships that will travel overseas.

The machines have undergone extensive testing to determine whether, among other things, they satisfy air quality standards enforced by the New York Department of Environmental Conservation (“DEC”). To date, test results indicate that the machines comply with these standards. The Company is operating its 20T processor to gather data for a DEC air permit to allow full commercial production.


JBI, INC - 10-Q Quarterly report Filing Date 2010-08-13
sec.gov
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