Plastic2Oil Inc. (PTOI)

Overview

Plastic2Oil, Inc. is a pioneering company focused on converting waste plastic into various fuel products and other valuable by-products. Originating in the United States, the company has carved a niche for itself by addressing two critical global issues: managing plastic waste and creating alternative fuel sources. Initially known as JBI, Inc., the company underwent a rebranding to Plastic2Oil, Inc. in August 2014, a name that precisely reflects its core business and mission. Established in 2006 and with its headquarters in Niagara Falls, New York, Plastic2Oil, Inc. has developed a proprietary process to transform discarded plastics into useful commodities, contributing to environmental sustainability while also offering economically viable products to the fuel industry.

Products and Services

Light and Heavy Fuel Products

Plastic2Oil, Inc. produces a range of fuel products aimed at meeting diverse energy needs. This includes:

• Naphtha: A light hydrocarbon mixture used as a feedstock for producing high octane gasoline and as a solvent in various industrial applications. Naphtha produced by Plastic2Oil is derived from waste plastics, offering a sustainable alternative to traditional petroleum-sourced naphtha.
• Fuel Oil No. 2: A middle distillate also known as diesel fuel or heating oil. This product is suitable for use in engines and heating applications, providing a cleaner-burning alternative to conventional diesel.
• Fuel Oil No. 6: Also known as residual fuel oil or bunker fuel, Fuel Oil No. 6 is a heavier product used in large-scale industrial operations, shipping, and for generating electricity. Plastic2Oil's process delivers this fuel by efficiently converting plastic waste, contributing to waste reduction and offering an innovative fuel solution.

By-Products

In addition to its primary fuel products, Plastic2Oil, Inc. also produces valuable by-products through its innovative conversion process:

• Reusable Off-Gas: Similar to natural gas, this off-gas is a by-product of the plastic to oil conversion process. It can be harnessed to generate heat or electricity, thereby increasing the efficiency of the overall process and contributing to energy recovery.
• Petcoke (Carbon Residue): A solid carbonaceous material resembling coal, petcoke is created as a by-product during the conversion of plastic to fuel. It has applications in energy production and can be used as a carbon source in various industrial processes.

Plastic2Oil, Inc. markets its products to a wide range of customers. This includes fuel wholesalers who distribute the products further and direct sales to commercial and industrial end-users who benefit from the sustainable and cost-effective fuel alternatives provided by the company. This business model not only fosters the adoption of recycled fuel products but also ensures the direct impact of Plastic2Oil, Inc.’s innovations on various industries, contributing both to environmental conservation and the diversification of fuel sources.