NORCROSS, GA. (Aug. 9, 12:5 p.m. ET) — Packaging products maker Rock-Tenn Co. and JBI Inc., an alternative oil and gas company, recently entered into a 10-year agreement to convert mill byproduct waste into fuel using JBI's Plastic2Oil technology.
Under the agreement, Thorold, Ontario-based JBI has an exclusive license to build and operate Plastic2Oil processors at Rock-Tenn facilities.
“Rock-Tenn has the industrial relationship and feedstock to support hundreds of Plastic2Oil processors,” John Bordynuik, CEO of JBI, said in a statement. “We anticipate a mutually beneficial relationship for both parties and intend to expand as quickly as possible. Rock-Tenn currently has sites that can support clusters of processors.”
Norcross-based Rock-Tenn's paper mills and manufacturing recovery facilities produce thousands of tons of plastic per day, according to a release. To handle the plastic waste stream, Rock-Tenn has been storing this byproduct in company-owned, plastic-only monofill sites for several years. The agreement gives JBI the right to mine plastic from these sites.