America’s desire to reduce its oil dependence and fuel consumption could lead to it looking for new sources of energy, like in the bottom barrel.
JBI, Inc. (OTCBB.JBII), a global tech company, developed a process called Plastic2Oil (P2O) that transforms unsorted, raw plastic waste into a fuel comparable to biofuel. Islechem, an independent laboratory validated P2O’s process by performing extensive chemical, engineering and analytical testing.
Islechem has tested the process 40 times with multicolored, mixed plastics. The laboratory confirmed that the P20 process can be repeated on a large scale. About 85 to 90% of the hydrocarbons in the feedstock are converted into a fuel. “near diesel”About 8 percent of the fuel is converted into a usable off-gas similar to natural gas. Moreover, less than 1% of the plastic is left behind as residue. This residue is not toxic and can be safely disposed of in a landfill. The best part is that the process produces more energy than it consumes. Early data suggests that the process produces twice as much energy than it consumes.
“It takes energy to produce energy. The key is to get more energy from the final product than it takes to make it,”John Bordynuik, CEO of JBI, Inc. “Our process has a high positive energy balance of 2.0, while gasoline from crude has a negative energy balance of 0.81.”
Another advantage of the P20 process is that it produces fuel at a fraction of the cost of gasoline from crude oil: its production costs, including labor, are only $10 per barrel.
Crude oil gasoline uses more energy than it produces. It currently costs between $75-$85 per barrel and gasoline companies still make large profits. P20, a process that creates high-quality fuel at lower prices, could revolutionize the market. It also helps reduce plastic pollution and end up in landfills.
JBI, Inc. currently talks about creating P20 processing centers in Europe, Florida, New York, California, Colorado, Wisconsin, Georgia, Ohio, and California. The company is also seeking waste disposal companies and people who have under-utilized facilities to turn into P2O factories. Visit www.p2ofactory.com for more information www.plastic2oil.comOder www.jbiglobal.com.
