Commercial Validation

The testing by IsleChem laboratories validated the P2O process by providing us with a molecular audit. The next step was to find out if the process was scalable and commercially viable.

Over the next 2 years, the evolution from a tabletop unit, to a 1-ton processor, to a 20-ton processor was completed proving that both the processor and the process were scalable.

The final piece was to determine whether it was commercially viable. There were two primary areas of consideration:

JBI Plastic2Oil cost vs. value model

Cost of Inputs

We quickly discovered that the plastic feedstock stream was plentiful.

The work that we had done with IsleChem demonstrated that a significant percentage of our production was off-gas, which we could use to help run our system, minimizing the energy inputs required and significantly reducing the cost of operation.

Value of Fuel Output

Samples of the fuel output were provided to a range of companies who proceeded to undertake their own analysis of the quality.

These independent tests were overwhelmingly favorable and resulted in fuel sales to those companies – at a price per barrel that validated the Plastic2Oil® process as a commercially viable operation.

Third Party Engineering Validation

In April 2012, Plastic2Oil® received a positive third party engineering report from SAIC that validated and verified the technology and economics of the P2O process.