May 15th, 2013
Frequently Asked Questions
What makes JBI’s process unique?
There are numerous aspects of the Plastic2Oil process which make it unique in the marketplace. For full details, please visit the Plastic2Oil Advantage page on the Company’s website.
Does JBI currently sell its fuel?
JBI sells its fuel products through three channels: (i) fuel brokers; (ii) fuel retailers; and (iii) direct to end users. JBI currently has four primary agreements in place for the sale of its fuels.
Does JBI have agreements with other companies?
JBI has a referral and revenue sharing agreement with Rock-Tenn Company to convert mill by-product waste into fuel using the Plastic2Oil technology. Under the agreement, the Company has a 10-year license, with a renewal option, to build and operate P2O processors at RockTenn facilities, to process RockTenn's waste plastic at paper mills and Material Recovery Facilities, and to mine and process plastic from RockTenn's plastic-filled mono-fill sites.
What are the Company's plans for growth?
The Company’s near-term growth plans include continued build-out of the Niagara Falls, NY facility, as well as the first RockTenn site.
How much plastic waste can the P2O machine process per hour?
JBI is currently permitted to operate at rate of 4,000 lbs. of plastic feedstock per hour per machine at the Company's Niagara Falls, NY facility.
Has JBI applied for any patents on its Plastic2Oil process?
Yes, the Company has filed for international patent protection on aspects of its P2O process.
What is the difference between No. 6 Fuel produced by JBI versus industry standard?
No. 6 Fuel is heavy fuel generally used in industrial boilers and ships.
No. 6 Fuel produced by the P2O process is much cleaner than existing industry standard; containing less than 16 ppm of sulphur in comparison with the maximum of 30,000 ppm allowable in mainstream No. 6 Fuels. Unlike standard industry fuel, JBI’s No. 6 Fuel does not contain heavy metals, water or sediment. Other No. 6 Fuel products are residue products of the refining process and are considered residue fuels, whereas JBI’s No. 6 Fuel is a direct product of its P2O process, meaning it does not require further blending.
JBI’s No. 6 Fuel is a clear brown liquid at temperatures of 90º F. It has been tested by major industrial users with positive results.
Has JBI obtained permits to operate P2O processors in Niagara Falls, NY?
As of June 14, 2011, all NYSDEC permits necessary to operate up to three Plastic2Oil (P2O) machines in Niagara Falls, NY were issued to JBI. The inspection report (March 2012) confirms that the Company is fully compliant. The Company is pleased with the assistance and cooperation it has received from NYSDEC.
How does JBI currently manufacture P2O processors?
The Company has retained fabrication vendors to produce racked modules for Plastic2Oil processors. All modules will be manufactured in the U.S. The Company's management is working closely with the fabrication vendors to coordinate the manufacturing of its P2O processors. The processor design is modularized for expedient production and assembly.
Who is on the JBI management team and the Board of Directors?
Management team information can be found under Management Team and the Board of Directors is located in the Governance section of this website.
When is JBI's year end and when does the Company report earnings?
The Company’s fiscal year ends on December 31 and quarters end on March 31, June 30 and September 30. The quarterly earnings results are usually announced within 40 days of the quarter end; on or about the 10th of the second month following the quarter end. The Company's annual report will be released on or about March 15 or within 75 days from the fiscal year end. Please visit the SEC Filings page for a complete listing of our reports. Please visit the SEC Filings page for a complete listing of our reports.
What are the Company endorsed sources of information for stockholders?
JBI considers disclosure of stockholder information one of its fundamental principles. Information is consolidated on this website which provides links to current market prices for the Company’s securities, all Company press releases, all SEC filings, all Company financial statements, and includes detailed information about JBI.
Where can I obtain copies of the Company's press/news releases?
All press releases issued by the Company can be found in the News Releases section of our website.
What can I obtain copies of the Company's public filings?
All required filings and financial reports documents can be found in the SEC Filings section of our website.
Where do JBI shares currently trade?
JBI trades under the symbol JBII on the OTCQB market.
How many shares are outstanding?
Who is the transfer agent and how do I contact them?
The Company’s transfer agent is Pacific Stock Transfer Company.
Who is JBI's independent accounting firm?
The Company’s independent accounting firm is MSCM LLP.
Who is JBI’s outside securities counsel?
The Company’s outside securities counsel is Pryor Cashman LLC.
