Tuesday, April 13, 2010
JBI, Inc. Announces That IsleChem Validated Their Plastic to Oil Process
NIAGARA FALLS, Ontario, April 13, 2010 (GLOBE NEWSWIRE) -- JBI,
Inc. (the "Company") (OTCBB:
JBII) announces that IsleChem, a state certified laboratory,
has validated its P2O process. Since December 2009, IsleChem has
conducted extensive chemical, analytical and process engineering
testing for JBI's P2O technology on a diversified range of plastic
feedstocks. A wide variety of plastics were tested and all produced
residue of only about 1%, which is allowed in landfills.
In their continuing efforts to analyze the P2O process, Islechem
has performed more than 40 small scale runs of various
multicoloured, mixed plastic feedstocks through the
process. After analyzing the energy consumption, residue,
off-gas, and material balance in the process, Islechem has
determined JBI's P2O process to be repeatable and scalable. In
addition to the confirmed validity of the overall process, Islechem
has provided the following statistics regarding the fuel product
composition and process emissions:
- JBI's P2O solution is repeatable and scalable.
- Approximately 85-90% of the hydrocarbon composition in the
feedstock is converted into a "near diesel" fuel.
- Approximately 8% of the hydrocarbon composition in the
feedstock is converted to a usable off gas much like natural
gas.
- Approximately 1% of the feedstock remains in the processor as a
residue.
- This analyzed residue contains various metals from coloring
agents and other plastic additives that were originally in the
feedstock plastic and a small amount of carbon.
- The fuel product was analyzed with a gas chromatograph and the
chromatogram is similar in many respects to diesel fuel.
- The fuel product viscosity is approximately 2 cst @ 40 degrees
C, and is an amber fuel.
- The fuel product contains only trace amounts of sulphur.
- The fuel product centane number exceeds 40.
- The residue does not appear to contain any highly toxic or
difficult to dispose of components.
- There is no evidence of air toxins in the emissions.
- The energy balance of the process is positive; that is, more
energy value is produced than is consumed by the process. Early
data suggests that it is by as much as a factor of two.
IsleChem's results confirmed the Company's
results. Furthermore, the process is proven to be scalable to
20 T or larger processors and promises to be free of any harmful
emissions or toxic residues, and a high positive energy balance,
thus maintaining compliance with the "green" efforts of
JBI.
The Company currently has two small scale processors including a
1 kg processor, a 1 ton mobile processor, and a large scale 20 ton
processor that will be demonstrated at the Company's P2O factory
tour.
The "near diesel" fuel is diesel with some extra light fuel
fractions (gasoline range fuel). The extra gasoline can be
separated at the Company's fuel blending site or our fuel can be
sold to a refinery. The Company is working with Islechem to add an
additional piece of hardware to the P2O processor to separate the
extra light fuel (which is valuable) from the output fuel. The
company has been able to shift the output fuel range from light
hydrocarbon gasoline fuels to heavy oils.
CEO John Bordynuik stated, "It takes energy to produce energy.
The key is to get more energy from the final product than it takes
to make it. Our process has a high positive energy balance of 2.0
while gasoline from crude has a negative energy balance of 0.81.Our
fuel is light, flows like diesel and is of high quality. Unlike
competitors, our fuel is not solid state, sludge, or slurry, not
furnace oil and the residue is non-toxic. I was very pleased to
receive IsleChem's detailed P2O reports. Their analytical
expertise, industrial knowledge, and ability to work at the
molecular level have enabled our company to further improve P2O's
efficiency and hydrocarbon output. Interested shareholders,
who desire to see a large operating, continuous-feed P2O processor
during our AGM weekend, are encouraged to sign up for the tour at
."
About JBI, Inc.
JBI, Inc. is transitioning to become a global technology leader
whose purpose is to mine data from JBI's large information archive,
find under-productive entities to inject our superior proprietary
technologies into, and benefit from increased productivity and
profitability, beginning with Plastic2Oil. JBI has also acquired
the following operations:
JAVACO, Inc. ("Javaco") distributes over 100 lines of equipment
serving the Cable Telecommunications industry, cable systems and
their contractors. Supplier of tools and test
equipment, RF and fiber optic connectivity accessories, and
many other related items, JAVACO adds new lines of
products as technology changes. With much experience working
in Latin America, JAVACO will operate and manage the Company's
Plastic2Oil sites in Mexico.
Pak-It, LLC ("Pak-It"): Using the patented Pak-It(TM) delivery
system (liquid cleaner in a water soluble sachet) Pak-It can
deliver glass cleaner, disinfectant, multi-purpose, and many more
cleaning products (42 products currently) shipped in tiny packages
of condensed cleaner (inside a 'dry' 1 quart container). This
delivery method is "green" since it's fully biodegradable and saves
thousands of dollars in shipping. The user simply adds water to the
container without measuring or cutting the Pak-It. Large retailers
and many national Building Service Contractors already using the
product have documented significant cost savings from shipping,
training, inventory control and space.
Accordingly, our revenue sources presently include (i) income from
reading archived tapes (including microfiche) from clients such as
NASA, (ii) income from the recently acquired Javaco, Inc., (iii)
income from the sale of Pak-It products, and a bulk chemical
facility which we realized beginning October 1, 2009, and (iv) from
the anticipated commencement of operations in the second quarter of
2010 with Plastic2Oil, a process and service that converts plastic
to fuel oil. For more information, please see
http://www.jbiglobal.com and
http://www.javacoinc.com and
http://www.pakit.com/.
Forward-Looking Statements
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. 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.
John Bordynuik, President and CEO
john@johnbordynuik.com
Investor Relations
James Parker
+1 (916) 990-3667
jparker@jbiglobal.com