- Initial Statement of Beneficial Ownership (3)

FORM 3	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES	OMB APPROVAL OMB Number: 3235-0104 Estimated average burden hours per response... 0.5
	Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

1. Name and Address of Reporting Person ^*

Dorrell Michael B.

2. Date of Event Requiring Statement (MM/DD/YYYY) 5/15/2012

3. Issuer Name and Ticker or Trading Symbol

JBI, INC. [JBII.PK]

(Last) (First) (Middle)

717 FIFTH AVENUE, FLOOR 14,

4. Relationship of Reporting Person(s) to Issuer (Check all applicable)

_____ Director ___ X ___ 10% Owner
_____ Officer (give title below) _____ Other (specify below)

(Street)

NEW YORK, NY 10022

(City) (State) (Zip)

5. If Amendment, Date Original Filed (MM/DD/YYYY)

6. Individual or Joint/Group Filing (Check Applicable Line)

___ Form filed by One Reporting Person
_ X _ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1.Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock ⁽¹⁾ ⁽²⁾	2321429	D
Common Stock ⁽¹⁾ ⁽³⁾	625000	D
Common Stock ⁽¹⁾ ⁽⁴⁾	125000	D
Common Stock ⁽¹⁾ ⁽⁵⁾	125000	D
Common Stock ⁽¹⁾ ⁽⁶⁾	187500	D
Common Stock ⁽¹⁾ ⁽⁷⁾	250000	D
Common Stock ⁽¹⁾ ⁽⁸⁾	1375000	D
Common Stock ⁽¹⁾ ⁽⁹⁾	327000	D
Common Stock ⁽¹⁾ ⁽¹⁰⁾	125000	D
Common Stock ⁽¹⁾ ⁽¹¹⁾	2500000	D

*Table II - Derivative Securities Beneficially Owned ( e.g.* , puts, calls, warrants, options, convertible securities)**
1. Title of Derivate Security (Instr. 4)	2. Date Exercisable and Expiration Date (MM/DD/YYYY)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
1. Title of Derivate Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	4. Conversion or Exercise Price of Derivative Security		6. Nature of Indirect Beneficial Ownership (Instr. 5)
Warrants ⁽¹⁾ ⁽²⁾	12/30/2011	6/30/2013	Common Stock	750000	$2.00	D

Explanation of Responses:
( 1)	For the purposes of this Form 3, each Reporting Person disclaims beneficial ownership of the shares of common stock owned by the other Reporting Persons except to the extent of their pecuniary interest therein. This Initial Statement of Beneficial Ownership of Securities on Form 3 should be read in conjunction with the additional Form 3 filed by Kenneth T. Friedman and certain other Purchasers on May 25, 2012.
( 2)	Consists of 2,321,429 shares held directly by Mr. Dorrell, and warrants to acquire 750,000 shares held directly by Mr. Dorrell.
( 3)	Consists of 625,000 shares held directly by Mr. Bleach.
( 4)	Consists of 125,000 shares held directly by Mr. Bruce.
( 5)	Consists of 125,000 shares held directly by Mr. Coulton.
( 6)	Consists of 187,500 shares held directly by Mr. Dietrich.
( 7)	Consists of 250,000 shares held directly by Ms. Doering.
( 8)	Consists of 1,375,000 shares held directly by Mr. Dunn.
( 9)	Consists of 327,000 shares held directly by the Glikbarg Revocable Trust.
( 10)	Consists of 125,000 shares held directly by R. N. Gold & Company, Inc. Profit Sharing Pension Trust.
( 11)	Consists of 2,500,000 shares held directly by the Meyer & Doreen Luskin Family Trust.

Remarks:
Please see Exhibits 24.1 through 24.9 and Exhibit 99 for powers of attorney for each Reporting Person.
Between May 15, 2012 and May 18, 2012, JBI, Inc. (the "Issuer") entered into Subscription Agreements (the "Purchase Agreements") with several accredited investors (collectively, the "Purchasers"), including the Reporting Persons in connection with a private placement of shares (the "Shares") of common stock. As a condition to the closing of the transactions contemplated by the Purchase Agreements, the Purchasers required John W. Bordynuik to enter into a letter agreement, dated as of May 15, 2012 ("Letter Agreement"), pursuant to which Mr. Bordynuik made certain agreements regarding the voting of his shares of Common Stock and his one million shares of the Issuer's Series A super majority voting preferred stock, $0.01 par value per share. Mr. Bordynuik is the current Chief of Technology of the Issuer and the former President and Chief Executive Officer of the Issuer.

As a result of agreements related to the private placement, including but not limited to the Letter Agreement, the Reporting Persons and the other parties to the Letter Agreement (other than Mr. Bordynuik and the Waiving Purchasers) may be deemed to comprise a "group" within the meaning of Section 13(d)(3) of the Exchange Act and may be deemed to beneficially own in excess of 10% of the outstanding shares of common stock of the Issuer, although neither the fact of this filing nor any information contained herein shall be deemed to be an admission by the Reporting Persons that a "group" exists.

The foregoing summary of the private placement and the Letter Agreement is qualified in its entirety by reference to the Issuer's Current Reports on Form 8-K filed on May 17, 2012 and May 22, 2012, and the Schedule 13D filed by the Reporting Persons regarding ownership of shares the Issuer's common stock on May 25, 2012.

Reporting Owners
Reporting Owner Name / Address	Relationships
Reporting Owner Name / Address	Director	10% Owner	Officer	Other
Dorrell Michael B. 717 FIFTH AVENUE, FLOOR 14 NEW YORK, NY 10022		X
Bleach Murray E 28 ARNOLD STREET KILLARA, C3 NSW 2071		X
Bruce Peter J 125 W. 55TH STREET NEW YORK, NY 10019		X
Coulton Michael R ONE CURZON STREET LONDON, X0 W1J 5HD		X
Dietrich Henry M 55 E. 52ND STREET 34TH FLOOR NEW YORK, NY 10055		X
Doering Melissa Bridgeford 135 EAST 57TH STREET NEW YORK, NY 10022		X
Dunn Richard PIAZZA D ARACOELI 3 ROME, L6 00186		X
Glikbarg Revocable Trust 200 W. VICTORIA STREET SANTA BARBARA, CA 93101		X
R. N. Gold & Company, Inc. Profit Sharing Pension Trust 19 ROWAYTON AVENUE ROWAYTON, CT 06853		X
Meyer & Doreen Luskin Family Trust 1884 MANGO WAY LOS ANGELES, CA 90049		X

Signatures
/s/ David I. Meyers, attorney-in-fact for Michael B. Dorrell		5/25/2012
^** Signature of Reporting Person		Date
/s/ David I. Meyers, attorney-in-fact for Murray Edward Bleach		5/25/2012
^** Signature of Reporting Person		Date
/s/ David I. Meyers, attorney-in-fact for Peter Bruce		5/25/2012
^** Signature of Reporting Person		Date
/s/ David I. Meyers, attorney-in-fact for Michael R. Coulton		5/25/2012
^** Signature of Reporting Person		Date
/s/ David I. Meyers, attorney-in-fact for Henry M. Dietrich		5/25/2012
^** Signature of Reporting Person		Date
/s/ David I. Meyers, attorney-in-fact for Melissa Bridgeford Doering		5/25/2012
^** Signature of Reporting Person		Date
/s/ David I. Meyers, attorney-in-fact for Richard Dunn		5/25/2012
^** Signature of Reporting Person		Date
/s/ David I. Meyers, attorney-in-fact for Glikbarg Revocable Trust		5/25/2012
^** Signature of Reporting Person		Date
/s/ David I. Meyers, attorney-in-fact for R. N. Gold & Company, Inc. Profit Sharing Pension Trust		5/25/2012
^** Signature of Reporting Person		Date
/s/ David I. Meyers, attorney-in-fact for Meyer & Doreen Luskin Family Trust		5/25/2012
^** Signature of Reporting Person		Date

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
*	If the form is filed by more than one reporting person, see Instruction 5(b)(v).
**	Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note:	File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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