June 18, 2009 (FinancialWire) — 310 Holdings Inc. (OTCBB: TRTN) announced TODAY that it will commence operations with Plastic2Oil, a process and service that extracts fuel from plastic.

John Bordynuik purchased 63% of the issued and outstanding shares of 310 Holdings on April 24, 2009. Subsequently, Bordynuik was appointed president and CEO of the company. The revised company objective is to develop new technologies and to acquire assets. During the past month, Bordynuik has injected personal funds into the company to establish new bank accounts, inject assets and technology, and ready a team to launch 310 Holdings Inc.’s first intended profit center.

Bordynuik designed hardware and software to recover planetary and sensor data from old magnetic media for various government and institutional archives for more than 20 years. The company has access to terabytes of this normalized earth sensor data, algorithms, a massive research archive, and other related information. Management believes that most of this information was inaccessible until recently because the data was stored on old, previously unreadable computer backup tapes from the 1960s through 2000.

While mining through the research archive, Bordynuik found the solution to a process involving breaking down plastic molecules. This research was conducted when plastic was in its infancy and oil prices were very low. It appears to our management that the research was conducted for non-commercial purposes and had no commercial value at the time. Bordynuik explored Plastic recycling when employed at the Ontario, Canada Legislature but there was no research available at that time to make the conversion commercially viable. Bordynuik’s research was triggered when beverage companies began to phase out returnable glass bottles, in favor of plastic.

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