Plastic2Oil, Inc. engages in the provision of technology to recycle waste plastic into liquid fuels and dirty fuel into clean diesel. The company is headquartered in Niagara Falls, New York. The company went IPO on 2008-01-23. The firm has developed technology that converts waste plastic into ultra-clean, ultra-low Sulphur fuel products through its proprietary plastic-to-oil, or P2O, process. The firm seeks to license its technology to companies that generate significant waste plastics and desire to have a P2O processor on site to convert the plastics to useable fuel for their operations. The company provides environmentally friendly solutions through its processors and technologies. Its primary offering is its P2O solution, which is its proprietary process. The firm has three processors at its Niagara Falls, NY facility (the Niagara Falls Facility). The Company’s subsidiaries include Plastic2Oil of NY #1, LLC, Plastic2Oil (Canada) Inc., JBI RE#1, Inc., and Plastic2Oil RE ONE, Inc. Plastic2Oil of NY #1, LLC operates its P2O business in Niagara Falls, NY. Plastic2Oil (Canada) Inc. conducts its P2O business in Canada.
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As of August 2026, Plastic2Oil Inc PTOI is classified as not covered according to Musaffa’s Shariah screening methodology. This classification is based on an assessment of the company’s business activities and financial ratios against Islamic investment guidelines.
A stock is Shariah-compliant if the company operates in permissible business activities and meets Islamic financial screening thresholds. Musaffa analyzes Plastic2Oil Inc using these criteria to determine its compliance status.
Muslim investors may consider investing in Plastic2Oil Inc if it meets Shariah compliance standards. Investors typically review the company’s business activities, debt levels, and non-permissible income before making a decision.
Musaffa determines the Shariah status of Plastic2Oil Inc by analyzing whether the company’s core business operations are permissible and whether its financial ratios fall within accepted Islamic thresholds.
The Shariah compliance status of Plastic2Oil Inc may be updated periodically when new financial statements, earnings reports, or business activity information become available.
Yes. A stock that is currently Shariah-compliant may become non-compliant if the company’s financial ratios exceed Shariah thresholds or its business activities change.
You can check the latest Shariah compliance status of Plastic2Oil Inc on Musaffa’s stock page, where screening results and key financial indicators are updated to help Muslim investors make informed decisions.
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