Signifying the transition of JBI, Inc. from a start-up technology company to a rapidly growing environmental and industrial business, the company is significantly enhancing the senior management team with the hire of a new CEO. As part of this transition, John will step into the position of Chief Technology Officer. In his new role as Chief of Technology, Mr. Bordynuik will continue to play a role in furthering the technological development of the P2O process and assist in the escalating commercial roll-out of the P2O processors, which he invented. The company announced that Kevin Rauber has been hired as CEO and President of JBI. Kevin is a seasoned executive with extensive experience in all aspects of operations, business development, sales and marketing. He has 25 years of waste industry experience, having previously held management roles at Waste Management, Browning Ferris Industries-BFI (now known as Republic Waste Services), and EnviroSolutions. In his role as CEO and President, Kevin will report directly to the Board of Directors and have responsibility for all the non-technology operations of JBI. In consideration of the new election requirements, Dr. Robin Bagai will be stepping down from his position as Board Member and Chair of the Nominating Committee.
Plastic2Oil, Inc. is a technology development and licensing company. The Company has developed technology, which converts waste plastic into ultra-clean, ultra-low sulfur fuel products through its plastic-to-oil (P2O) process. It has constructed various fully operational P2O processors to demonstrate its technology and process to potential customers. The Company provides its solutions through its processors and technologies. The Companyâs primary offering is its Plastic2Oil (P2O) solution, which is its process that converts waste plastic into fuel through a series of chemical reactions (P2O business). It is a combination of its own technologies and processes developed by P2O, which convert waste plastics into fuel. The Company has three processors at its Niagara Falls, NY facility. Its subsidiaries include Plastic2Oil of NY #1, LLC, Plastic2Oil (Canada) Inc., JBI RE#1, Inc. and Plastic2Oil RE ONE, Inc.