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Pastimes : Plastics to Oil - Pyrolysis and Secret Catalysts and Alterna -- Ignore unavailable to you. Want to Upgrade?

To: PaperProphet who wrote (25150)	5/27/2012 4:44:13 PM
From: Joseph B. Schmidt	Respond to of 53574

3. Recycling Facility We have an 18,000 square foot recycling facility located on a 9 acre site in Thorold, Ontario that accepts, separates and processes paper, plastics and other materials. The facility houses three bailers, several trailers, and a shredder that JBI purchased in 2010. The solid waste permit that JBI procured through this lease agreement allows for 300 MT of waste material to be processed and stored on-site at any one time, which assists in facilitating the supply of plastic feedstock for the Niagara Falls Facility. In December 2010, JBI executed an agreement to lease this property for a period of 20 years, expiring on December 31, 2030. The lease provides for monthly payments equal to the greater of (i) 20% of revenue generated at the recycling facility, or (ii) an amount between $8,000 and $10,000, as set forth in the lease. sec.gov