JBII - JBI, Inc. Executes 20 Year Lease for a Material Recycling Facility
Dec. 15, 2010 (GlobeNewswire) --
THOROLD, Ontario, Dec. 15, 2010 (GLOBE NEWSWIRE) -- Today, JBI, Inc. (JBI) (OTCQX:JBII) executed an agreement to lease a waste permitted material recycling facility. The 18,000 sq. ft. recycling facility resides on a 15 acre site and accepts, separates and processes paper, plastics and other materials. The facility includes three bailers, several trailers, a shredder and approximately 20 remote bailing machines operating at customer sites. The solid waste permit allows for 300 metric tons of material to be processed on site at any one time.
About JBI, Inc. JBI, Inc. is an alternative Oil and Gas company. JBI developed a process that converts waste plastic into fuel (Plastic2Oil). JBI scaled a 1kg process to a 20MT commercial processor in less than 1 year. For more information please review www.plastic2oil.com
CONTACT: JBI, Inc.
Investor Relations
John Zervas
(877) 307-7067
jpz@jbi-ir.com
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