Frequently Asked Questions
What makes Plastic2Oil’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 Plastic2Oil currently sell its fuel?
Plastic2Oil® sells its fuel products through three channels: (i) fuel brokers; (ii) fuel retailers; and (iii) direct to end users. Plastic2Oil® currently has four primary agreements in place for the sale of its fuels.
Does Plastic2Oil have agreements with other companies?
Plastic2Oil® 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?
Plastic2Oil® 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 Plastic2Oil applied for any patents on its Plastic2Oil process?
What is the difference between No. 6 Fuel produced by Plastic2Oil versus industry standard?
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, Plastic2Oil’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 Plastic2Oil’s No. 6 Fuel is a direct product of its P2O process, meaning it does not require further blending.
Plastic2Oil’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 Plastic2Oil obtained permits to operate P2O processors in Niagara Falls, NY?
How does Plastic2Oil 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 Plastic2Oil management team and the Board of Directors?
When is Plastic2Oil'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?
Where can I obtain copies of the Company's press/news releases?
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 Plastic2Oil shares currently trade?
How many shares are outstanding?
Up-to-date share counts can be verified by contacting our transfer agent.
Who is the transfer agent and how do I contact them?
The Company’s transfer agent is Pacific Stock Transfer Company.
Who is Plastic2Oil's independent accounting firm?
The Company’s independent accounting firm is D. Brooks and Associates CPA's, P.A..
Who is Plastic2Oil’s outside securities counsel?
The Company’s outside securities counsel is Pryor Cashman LLC.
How can I contact Investor Relations?
Refer to our IR Contacts page. We are always happy to answer questions and receive feedback from stockholders. We look forward to hearing from you.