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Good news: Recycler Converts Plastic To Oil @ $10/bbl #rsrh Bad news: It’s oil, duh!
Posted on March 19, 2012
http://m.npr.org/news/U.S./147506525?singlePage=true
Only 7 percent of plastic waste in the United States is recycled each year, according to the Environmental Protection Agency. A startup company in Niagara Falls says it can increase that amount and reduce the country’s dependence on foreign oil at the same time. …
Each barrel of oil costs about $10 to produce. JBI can sell it for around $100 through a national distributor. The young company is already producing a few thousand gallons of oil a day. It has signed lucrative deals to set up operations next to companies with large volumes of plastic waste. …
If JBI has its way, plastics will become a significant source of domestic fuel that reduces the U.S. dependence on foreign oil. But just how "green" is JBI’s recycling, when it produces a fossil fuel that pollutes just like any other?
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