JBI, Inc. (OTCQX:JBII) today announced that company signed a multi-year transport fuel supply agreement with XTR Energy Company Limited.
XTR is one of the largest and fastest growing independent retail petroleum brands in Canada with a network of locations in Nova Scotia, New Brunswick, P.E.I, Ontario, Manitoba and Saskatchewan. XTR offers its customers well priced products from Canadian refiners; reliable, cost effective, timely delivery solutions; capital investment into a location’s future; a comprehensive credit and fleet card solution as well as a variety of customized programs for its customers.
XTR Energy will be purchasing varity of products from JBI, Inc. These products are the fuel output of JBI, Inc.’s Plastic2Oil (“P2O”) process, which will then be blended and made available through the Company’s Blending Site in Thorold, Ontario.
John Bordynuik , CEO of JBI, Inc., commented:
“We were attracted to XTR Energy because of their corporate values and distribution reach across much of Canada. They are committed to green alternatives, high operational standards and maintaining long-term winning relationships with both their customers and suppliers.”
Niagara Falls, Ontario Office
1783 Allanport Road
Canada L0S 1K0
JBI, Inc. is a domestic green Oil and Gas company. JBI, Inc. developed a process that converts waste plastic into fuel (Plastic2Oil), without the need of further refinement. JBI, Inc. scaled a 1kg process to a 20MT commercial processor in less than 1 year.