Canadian-based JBI, the developer of Plastic2Oil technology I previously reported about on this blog, has announced inking of a long-term agreement with Georgia-based RockTenn Company to convert mill by-product waste into fuel using JBI’s Plastic2Oil platform.
The agreement gives JBI an exclusive 10-year license to build and operate Plastic2Oil processors at RockTenn facilities so it might process RockTenn waste plastic stored at its paper mills and material recovery facilities.
According to JBI, RockTenn’s paper mills and recovery facilities produce thousands of tons of plastic per day. To date, this plastic waste stream has been stored in RockTenn plastic-only monofill sites. The agreement gives JBI the exclusive rights to mine plastic from these sites.
In its press release, JBI’s CEO John Bordynuik said, “RockTenn has the industrial relationship and feedstock to support hundreds of Plastic2Oil processors. We anticipate a mutually beneficial relationship for both parties and intend to expand as quickly as possible. RockTenn currently has sites that can support clusters of processors.”
He added that JBI has designed its processors as modular unites, allowing for easy ’plug and play’ deployment at RockTenn’s various locations. Unlike existing plastic-to-oil operations, JBI accepts all trash plastic, achieving a rate of conversion into clean fuel of almost 90 percent, while requiring minimal external energy (reactor is heated with approximately 8 percent off-gas captured and compressed). All waste plastic is fed through a shredder and a granulator and then heated in a process chamber, after which it proceeds into the main reactor.
RockTenn (NYSE: RKT) is a leading North American integrated producer of corrugated and consumer packaging and recycling solutions. Based in Norcross, GA, it generates annual net sales of approximately $10 billion and operate in more than 240 locations with approximately 26,000 employees in the United States, Canada, Mexico, Chile, Argentina, and China. The company is considered to be one of the world’s largest recyclers, as it is involved in recovering, processing, and selling approximately nine million tons of plastic and paperboard annually.
Photo via RockTenn