- 16 -
well as the descriptions of such recyclers as set forth in the
writings of other professionals. Grossman did not, however,
observe the Sentinel EPS recycler in actual operation.
Finally, Grossman reported on the relationship between the
plastics industry and the petrochemical industry. Grossman noted
that although the development of the petrochemical industry is a
contributing factor in the growth of the plastics industry, the
two industries have a "remarkable degree of independence".
Grossman observed that the "oil crisis" in 1973 triggered "dire"
predictions about the future of plastics that had not been
fulfilled in 1981. Grossman stated that the cost of a plastic
product depends, in large part, on technology and the price of
alternative materials. Grossman's studies concluded that a 300
percent increase in oil prices results in a 30 to 40 percent
increase in the cost of plastic.
Grossman did not specifically value the Sentinel EPS
recycler. However, as previously stated, Grossman concluded that
existing technology was available that provided equivalent
capability of recycling polystyrene. Specifically regarding the
Sentinel EPS recycler, Grossman also concluded that recycling
equipment that achieved the same result as the Sentinel EPS
recycler sold for about $50,000 during the relevant period.
2. Lindstrom
Lindstrom graduated from the Massachusetts Institute of
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