JBI, Inc. Receives Emissions Statistics for Plastic2Oil Processor
THOROLD, Ontario, Sept. 17, 2010 (GLOBE NEWSWIRE) -- JBI, Inc. (the "Company") (Pink Sheets:JBII) announces the receipt of its P2O Stack Test Report performed by Conestoga-Rovers and Associates ("CRA") on the Company's Plastic2Oil ("P2O") 20 metric ton commercial processor. The stack test, which is a measure of emissions from the processor vent, was set up by CRA on August 16th and monitored by the New York Department of Environmental Conservation ("DEC"), and completed on August 17th.
The Company will file the stack test report with the DEC as part of its application to obtain a simple air permit which will allow commercial operation of the P2O processor.
The Company is pleased with these results, as they reaffirm Islechem's previous findings that the operation of the P2O processor is a clean "green" process. CRA's results indicate that the processor is emitting 14.87% oxygen to the stack, while only emitting 3.16 ppm (parts per million) of carbon monoxide, 0.81 lb/hr (86.4 ppm) of NOx, SO2 and THC were below 1 ppm, particulates tested below 0.02 lb/hr. In other words, the process puts a high percentage of oxygen back into the air while emitting very little, if any, toxic substances during the conversion of waste plastic into usable hydrocarbon fuels.
The stack test confirmed that the P2O processor emissions are below maximum emissions allowed under a NYDEC simple air permit. Because of these results, the Company believes it will not need to construct any filters, oxidizers or scrubbers for the stack, which is directly connected to the processor through a condenser to cool the air.
After the stack test, the P2O processor was shutdown to gather residue samples from within the reactor for testing. The residue was tested and found to be well below the TCLP thresholds for disposal in landfill. The residue from a P2O processor can be shipped to landfill and is not considered a hazardous waste.
JBI, Inc. is a technology company focused on injecting intelligence into existing products and processes, making them efficient and profitable. JBI seeks to innovate new solutions to issues facing today's world, including environmental concerns. JBI currently has four business lines including JBI's tape data recovery, JAVACO, PAK-IT and our new Plastic2Oil business. Information on our company and all of our products and services can be found at www.jbiglobal.com.
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, Inc., and members of its management as well as the assumptions on which such statements are based. 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, filed on July 9, 2010, 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.
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