Attis Industries Looks to Expand Production and Add Approximately $160M in Revenues with Recent Acquisition
04 Marzo 2019 - 6:38PM
via NEWMEDIAWIRE -- Attis Industries (ATIS) took its first big step
in the field of renewable energy when the Company acquired the
ethanol production facility of Sunoco LP in Fulton, New York.
Through its renewable energy vertical known as Attis Innovations,
the company is working towards disrupting the fossil fuel industry
by revolutionizing the processing of biomass in order to
sustainably produce ethanol and other bi-products. Attis
Innovations not only seeks to achieve cost advantage and
profitability with their novel technologies, but to also preserve
the environment via their ongoing efforts to create shared value
for stakeholders. The recently acquired Fulton plant currently has
the capability to produce 85 million gallons of ethanol and other
products like CO2, dried distilled grains, and corn oil.
The output of the Fulton plant represents Attis
potentially adding over $160 million in revenues based on the
following projections:
· 85 Million
gallons of Ethanol @ ~ $1.39 = $118,150,000
· 350 Million
pounds (175,000 TONS) of CO2 @ $10 per ton
= $1,750,000
· 480 Million
pounds of Dried Distilled Grains @ $0.08 per pound
= $38,400,000
· 1.5M Gallons
of Corn Oil @ $1.73 per gallon = $2,600,000
Attis’ acquisition journey has just commenced and
the management team, led by CEO Jeffery Cosman, intends to purchase
additional land of approximately 300 to 400 acres near the current
134-acre Fulton facility with the goal of building a world-class
green tech campus. The additional land will be used for setting up
a biodiesel plant that can use the corn extract produced as a
bi-product from the ethanol facility to create biodiesel. The
Company also plans to establish a bio-refinery within the same
campus, which will effectively result in the creation of more than
300 jobs. As of today, the management team is working towards
streamlining processes and eliminating bottlenecks within the
ethanol facility, which is expected to increase the output of the
plant by about 20% and enable the plant to produce around 100
million gallons of ethanol each year; an increase of 15 million
gallons of ethanol, which represents a projection of an additional
$20 million plus of revenue. Over a long-term horizon, the
management also plans to add a solar project and a wind energy
project near the same site.
The operations facilities of Attis Innovations are
expected to be geographically diversified as the management intends
to set up or acquire additional ethanol plants in other US states
such as Georgia, Florida, and South Carolina over the next two
years. The Company is also looking at international expansion
through strategic partnerships with companies in various countries
such as Malaysia, Indonesia, Philippines, Brazil, UK, Argentina,
and Canada.
The research and development activity of Attis is
in full swing, as there are a number of potential patents in the
development pipeline. The Company anticipates a very strong
opportunity in the carbon fibre market, which Attis can enter
through the use of its proprietary technology to extract better
cellulosic value as well as lignin from biomass. The company is
developing the capability to produce high-quality carbon fibre with
a good tensile strength through the lignin extracted through
biomass processing. Being significantly lighter and stronger than
steel, carbon fibre has immense application in the automobile,
aeronautical, and aerospace industries.
CEO Jeff Cosman notes, “Having a significant cost
advantage with respect to the production of carbon fibre through
biomass is not the only benefit of Attis’ technology. We are able
to produce high-quality carbon fibre without releasing more carbon
into the atmosphere unlike fossil fuels. Our ways are not only more
cost-effective but also more beneficial to the environment.”
For more details, please
visit https://smallcapsdaily.com/attis-industries-investing-in-a-sustainable-future/
About Attis Industries
Attis Industries Inc. is based in Milton, GA, a
suburb of Atlanta. Attis is a holding company focused on
advancing businesses that developing technology with the potential
to bring about transformative change. The company is run
by CEO Jeff Cosman, a former professional baseball player drafted
by the New York Mets who has gone on to be a leading executive in
the waste management, healthcare, and telecommunications
industries. Attis divested its waste management services
business to private equity firm Warren Equity at an enterprise
value of over $100 million and operates two core business units
today: Attis Innovations and Attis
Healthcare. Attis Innovations has a highly
differentiated approach to biomass processing that is centered
around cost-efficiently harnessing the potential of cellulose and
lignin for the creation of high value bio-based products. Attis
Healthcare offers a suite of laboratory testing and therapeutic
solutions provided to more than 200 pharmacies, clinics, hospitals,
and healthcare providers across the United States.
Important Cautions Regarding Forward-Looking
Statements
Certain matters discussed in this press release
may be forward-looking statements. Such matters involve risks and
uncertainties that may cause actual results to differ materially,
including the following: changes in economic conditions; general
competitive factors; acceptance of the Company's products in the
market; the Company's success in obtaining new customers; the
Company's success in product development; the Company's ability to
execute its business model and strategic plans; the Company's
success in integrating acquired entities and assets, and all the
risks and related information described from time to time in the
Company's filings with the Securities and Exchange Commission
("SEC"), including the financial statements and related information
contained in the Company's Annual Report on Form 10-K and interim
Quarterly Reports on Form 10-Q. Examples of forward-looking
statements in this release may include statements related to our
strategic focus, product verticals, anticipated revenue, and
profitability. The Company assumes no obligation to update the
cautionary information in this release.
Kevin McGrath
2123899782 ext. 101
kevin@tradigitalir.com
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