Tony Bogolin to lead plastics-to-oil company.
JBI Inc., Niagara Falls, N.Y, a company that recycles waste plastic into liquid fuels, has named Tony Bogolin president and CEO. Bogolin previously was JBI’s chief operating officer. He also has been appointed to the company’s board of directors, effective immediately. He replaces Kevin Rauber, who tendered his resignation on May 1, 2013, citing personal reasons for leaving the company.
“Kevin’s contribution to JBI over the past year has been enormous. He has brought the company to a launching point for future success,” says Bogolin. “I look forward, as CEO, to continuing to execute our business plan, working on reconstituting our board of directors and moving the company forward with an eye towards profitability.
John Bordynuik, founder and JBI’s chief of technology, says, “As we move towards completion of our third processor, I look forward to continuing to work with management and staff to build our fuel production.”
JBI Inc. has developed a process for converting waste plastics into in-spec liquid fuels. Since 2011, JBI has processed more than 2.3 million pounds of plastic and has produced more than 395,000 gallons of in-spec fuels. The company is nearing completion of its third Plastic2Oil processor at its Niagara Falls facility.