What is your vision?
What is your mission?
Where are you headquartered?
What is your target market(s)?
Who are your competitors?
Do you have a patent?
What makes your technology unique?
What is your competitive advantage?
Can you process any kind of plastic?
What are the safety risks with this technology?
What kinds of petroleum products are produced by your technology?
How much plastic does it take to make a gallon or barrel of oil?
What if the price of oil drops?
Q: What is your vision?
A: Plas2Fuel envisions an entire planet with zero mixed waste plastic entering the landfills - all plastic is recycled or converted to petroleum products.
Q: What is your mission?
A: Our mission is to improve the earth's environment as the leading provider of technologies that enable customers to convert plastics to petroleum products - simply, safely and profitably.
Q: Where are you headquartered?
A: We are currently located in Longview, Washington.
Q: What is your target market(s)?
A: From a mixed waste plastic supply perspective, we intend to sell, license or otherwise provide our technology to large producers and/or recyclers of waste plastic (post-industrial market segment). Also, material recovery facilities (MRFs) and transfer stations (post-consumer market segment) throughout the world are a target market, as well as other niche applications. At the same time, the synthetic crude oil produced by our systems is sold to refiners, or refined and consumed on-site.
Q: Who are your competitors?
A: This is an emerging market...a blue ocean market. In the coming years, there will likely be several new entrants along with Plas2Fuel.
Q: Do you have a patent?
A: Yes, we have a patent application pending.
Q: What makes your technology unique?
A: We utilize a continuous batch process under negative pressure (vacuum) and we apply the concept of chromatography (chemical separation) to the various compounds found in mixed waste plastic. Also, each batch runs independently with its own system telemetry (remote monitoring and automatic system adjustments). The above means that our system is scalable enough to meet any feedstock quantity, and versatile enough to handle virtually any mixed waste plastic streams.
Q: What is your competitive advantage?
A: Our technology is elegant in its simplicity. It can be operated with minimal training. Also, our systems are relatively inexpensive, small and scalable. As such, we can provide the technology where the plastic resides. We can bring our technology to smaller markets where other solutions simply cannot, due to cost. Finally, our technology is versatile, able to handle virtually any plastic feed stock.
Q: Can you process any kind of plastic?
A: Yes, our system is versatile enough to handle all types of plastic...1-7.
Q: What are the safety risks with this technology?
A: This system is designed with safety as a high priority. The hot air system which makes up most of what one sees in the equipment never comes in contact with the atmosphere in which the plastic and petroleum products reside. The system is closed loop and thus very safe.
Q: What kinds of petroleum products are produced by your technology?
A: Primarily crude oil, which can subsequently be refined either onsite via standard microrefinery technology or at existing refineries. But other valuable ancillary petroleum products can be produced as well.
Q: How much plastic does it take to make a gallon or barrel of oil?
A: It totally depends on the waste plastic feedstock, but an average of 8 pounds of plastic for one gallon of synthetic crude oil is a reasonable conversion factor.
Q: What if the price of oil drops?
A: The era of cheap oil is over - new discoveries are generally harder to find, more expensive to extract, and more expensive to refine. And the alternatives to the Middle East (Caspian Sea basin, African sub-continent, South America) have the same types of political unrest we find in the Middle East. The world is now consuming around 1000 barrels of oil per second, so the prices are likely to remain elevated, over time. Still, our business is viable even if prices decline.