Final Report From Recent Plastic2Oil Stack Test Reconfirms Process Viability
January 20 2012 - 10:22AM
After completion of audit and peer reviews of the stack test
conducted on December 5-6, 2011 by Conestoga-Rovers &
Associates ("CRA") on its Plastic2Oil ("P2O") processor, JBI, Inc.
(the "Company") (OTCQB:JBII.PK) has received the final emissions
report from CRA. This report further validates the viability of the
P2O process and allows the Company to apply to the New York
Department of Environmental Conservation ("NYSDEC") for a
modification to its Air Permit to run at significantly higher
feedstock rates.
In December 2011, three separate stack tests were performed on
the existing P2O processor with a pre-melt system. Only unwashed,
unsorted waste plastics, including various industrial plastics
(buckets & barrels, waste meat packaging, bags, etc.) and gas
tanks from scrap cars, were used as feedstock for the test,
consistent with the feedstock the processor is currently converting
into ultra-clean, ultra-low sulphur fuel.
The three tests were conducted at feed rates of 3,258 lbs/hr,
3,233 lbs/hr and 3,932 lbs/hr, respectively. Ultimately, the test
results proved that emissions decreased with increased feed rates.
Emissions were considerably reduced through the addition of the
pre-melt system (Q3) and more efficient and higher combustion of
the off-gas generated by the P2O process.
Residue was not removed from the pre-melt reactor so that the
internal walls could be examined. When the reactor was opened, the
inside walls were remarkably clean. Two small "tumbleweeds" of
clean dense bailing wire bunches were present from processing some
paper mill ragger tail waste. Normally, residue and metals would be
removed from the pre-melt periodically during operation.
The final report included particulate matter (PM) and hexane
testing, both of which showed exceptionally low results.
Comparative emissions results from all of the stack tests
performed on the Company's P2O processor were as follows:
Emissions |
Units |
Original Stack Test (2010) |
Final Stack Test (Dec
2011) |
O2 |
% |
14.87 |
15.97 |
CO |
ppm |
3.16 |
3.1 |
SO2 |
ppm |
0.23 |
0.02 |
NOx |
ppm |
86.4 |
15.1 |
TNMHC |
ppm |
0.25 |
3.92 |
PM |
lbs/hr |
0.016 |
0.002 |
Hexane |
lbs/hr |
Not tested |
0.00001 |
"In-spec" end-user fuels produced (Fuel No. 6, Fuel No. 2, and
Naphtha) were also tested and verified as ultra-low sulphur,
consumer-ready fuel. The conversion ratio for waste plastic into
fuel averaged 86%.
"This report is very exciting for the Company as it allows us to
apply for a modified Air Permit from the NYSDEC which should enable
us to effectively double the capacity of our P2O processor," notes
John Bordynuik, CEO and President. "Increasing the feedstock supply
rate to almost 4,000 lbs/hr will significantly increase the rate at
which we are able to produce fuel from waste plastic."
About JBI, Inc.
JBI, Inc. is an innovative North American fuel company that
transforms unsorted, unwashed waste plastic into ultra-clean,
ultra-low sulphur fuel without the need for refinement. JBI, Inc.'s
patent pending Plastic2Oil® (P2O) process is a commercially viable,
proprietary process designed to provide immediate economic benefit
for industry, communities and government organizations with waste
plastic recycling challenges. JBI, Inc. is committed to
environmental sustainability by diverting plastic waste from
landfill and potential incineration. For further information,
please visit www.plastic2oil.com and review our SEC filings,
including without limitation our Annual Report on Form 10-K/A filed
with the SEC on July 18, 2011.
Forward Looking
Statements
This press release contains statements, which may constitute
"forward looking statements" within the meaning of the Securities
Act of 1933 and the Securities Exchange Act of 1934, as amended by
the Private Securities Litigation Reform Act. The Private
Securities Litigation Reform Act of 1995 (PSLRA) implemented
several significant substantive changes affecting certain cases
brought under the federal securities laws, including changes
related to pleading, discovery, liability, class representation and
awards fees as of 1995. Those statements include statements
regarding the intent, belief or current expectations of JBI, and
members of its management as well as the assumptions on which such
statements are based, including the expected timing of the
Company's Form 10-K, execution of the proposed agreements described
above and consummation of the transactions contemplated by such
agreements. Prospective investors are cautioned that any such
forward-looking statements are not guarantees of future performance
and involve risks and uncertainties, and that actual results may
differ materially from those contemplated by such forward-looking
statements. Such risks include, but are not limited to: (1) JBI has
a history of net losses, and may not be profitable in the future;
(2) JBI may not be able to obtain necessary licenses, rights and
permits required to develop or operate our Plastic2Oil business,
and may encounter environmental or occupational, safety and health
conditions or requirements that would adversely affect its
business; and (3) JBI may experience delays in the commercial
operations of its Plastic2Oil machines and there is no assurance
that they can be operated profitably. For a more detailed
discussion of such risks and other factors, see the Company's
amended Annual Report on Form 10-K/A filed on July 18, 2011 with
the Securities and Exchange Commission, and its other SEC filings.
The Company undertakes no obligation to update or revise
forward-looking statements to reflect changed assumptions, the
occurrence of unanticipated events or changes to future operating
results.
CONTACT: JBI Inc.
Investor Relations
1-877-307-7067
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