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JBII - JBI Inc. - Plastic to Oil
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[QUOTE]Originally posted by zardiw: [QB] [b]8-4-11: RockTenn(NYSE:RKT) Supplies Plastic to JBII:[/b] [IMG]http://images.investorshub.advfn.com/images/uploads/2011/6/3/kiozaScreenH017.jpg[/IMG] On July 29, 2011, JBI, Inc. (“JBI” or the “Company”) and RockTenn Company (“RockTenn”) entered into a Master Revenue Sharing Agreement (the ‘Agreement”) for a ten (10) year term with an automatic 5 year renewal term. In accordance with the terms and provisions of the Agreement, JBI has an [b]exclusive 10-year license[/b] to the following: 1. Build and operate Plastic2Oil processors at RockTenn facilities. 2. Process RockTenn's waste plastic from paper mills and material recovery facilities (MRF). 3.[b] Mine and process plastic feedstock from plastic-filled monofill sites.[/b] 4. Monofill sites contain years of waste plastic from mills. 5. Waste plastic from RockTenn facilities exceeds [b]thousands of tons per day.[/b] z [/QB][/QUOTE]
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