JBI, Inc. Announces the Appointment of John Colin Robbins as Senior Vice President
THOROLD, Ontario, Dec. 22, 2010 (GLOBE NEWSWIRE) -- JBI, Inc. (JBI) (OTCQX:JBII) announces the appointment of John Colin Robbins as JBI's new Senior Vice President. In his new role, Mr. Robbins will solely be responsible for developing and leading the petroleum potential of the Plastic2Oil (P2O) initiative.
"I am pleased to welcome Mr. Robbins as the Senior Vice President of JBI Inc.," said President and CEO John Bordynuik. "As a member of the Senior Team, Mr. Robbins will build the petroleum team to enable our P2O products to be enhanced and distributed. His proficiency in petroleum products blending and strong leadership will be invaluable assets to our company's commercial growth and contribute to JBI's movement toward environmental sustainability."
Mr. Robbins brings more than 30 years of knowledge and expertise in operations, marketing, and manufacturing of renewable fuels to this key post. He specializes in the blending of ethanol, bio-diesel, butane, and petroleum. He has been engaged in the petroleum and bio-fuels industry in a leadership capacity since 1989 with experience extending across North America--but he is most passionate about producing a profitable, environmentally responsible energy product.
"I am honored to undertake this position within JBI, an innovative company, and (I) am eager to embark upon new challenges--especially those that foster green energy initiatives," stated Robbins. "My intent is to develop products that will reduce our dependency on foreign oil and how we define plastics recycling."
Prior to joining JBI, he was most recently employed by Sunoco Partners Butane Blending LLC as Manager for Engineering, Construction, and Operations where he successfully led three departments that designed, built, and maintained multiple new butane injection systems in gasoline transfer terminals throughout the United States. He acted as both the General Manager and Director for Engineering, Construction, and Operations at Texon LP from 2007 until 2010. At Texon, Robbins led the engineering team to re-design the butane blending systems, which resulted in substantial increase in revenue growth. He has been an active member of various petroleum boards and associations, including: Environmental Director of the Canadian Independent Petroleum Marketers Association's Board of Directors from 1995-2000, a member of the Ontario Petroleum Council from 2003-2004 and Ontario Gasoline Handing Code from 2002-2003, and served on the Canadian Federal Government Legislative Boards on Sulphur in Gasoline in 2001 and Benzene in Gasoline in 1999. He was a recipient of a National Research Council Grant awarded in Canada. Mr. Robbins holds an Honours Bachelor of Science in geology from Brock University.
The appointment is effective immediately.
JBI, Inc. is an alternative Oil and Gas company. JBI developed a process that converts waste plastic into fuel (Plastic2Oil). JBI scaled a 1kg process to a 20MT commercial processor in less than 1 year. For more information please review www.plastic2oil.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.
Contact: JBI, Inc.