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Strategies & Market Trends : Mafia Stock Mobsta's Social Club (Bulls Board) -- Ignore unavailable to you. Want to Upgrade?

To: jmhollen who wrote (6517)	12/16/2010 2:26:47 AM
From: jmhollen	Read Replies (2) \| Respond to of 6687

JBII - JBI, Inc. Plastic2Oil Process Commences Commercial Operation Dec. 15, 2010 (GlobeNewswire) -- THOROLD, Ontario, Dec. 15, 2010 (GLOBE NEWSWIRE) -- Today, JBI, Inc. (JBI) (OTCQX:JBII) announces that it has entered into a formal Consent Order with the New York State Department of Environmental Conservation (DEC) Region 9, which will allow the Company to immediately run its Plastic2Oil process commercially and begin construction of an additional processor at its Niagara Falls, New York P2O facility. Following receipt of the formal emission stack test report in early October 2010, JBI began working with the DEC to complete and submit an application for an Air State Facility permit, which was finalized and submitted in November 2010. On December 2, 2010, JBI was provided with a working copy Draft Air Permit. In addition to the air permit requirement, the Albany division of the DEC advised JBI that they would be required to submit a more specific Beneficial Use Determination (BUD), which JBI successfully completed and submitted to the DEC on October 22, 2010. In a letter mailed on December 1, 2010, JBI was advised by the DEC that a solid waste permit would be required. The Consent Order was offered by the DEC during a meeting on Friday December 3, 2010, where representatives from the DEC, JBI and State Senator George Maziarz convened to discuss permitting of the Plastic2Oil process. It was relayed to JBI by DEC Albany that a solid waste permit was required and would allow JBI's business to expand to include feedstock not covered within the limited scope of a BUD. A Consent Order was executed yesterday. The Consent Order allows JBI to commercially operate the Plastic2Oil factory in Niagara Falls. This Consent Order bridges the time between now and when JBI acquires an Air State Facility permit and a Part 360 Solid Waste permit. "I am very pleased to have had the opportunity to assist JBI with the permitting process with DEC," said Senator George D. Maziarz (R,C – Newfane). "This is a company that is implementing green strategies and innovative recycling methods. Embracing environmentally and ecologically friendly technology such as this will reap long-term rewards." JBI is grateful for the assistance of staff at NYSDEC Region 9 office, Senator Maziarz and Thompson, and the City of Niagara Falls who have been very supportive of the Company's Plastic2Oil initiative. 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