Attis Industries narrows site selection for new biorefining facilities

Attis Industries Inc., a diversified innovation and technology holding company based in Milton, Georgia, announced the approval of its lead sites to be used for the acquisition and construction of its planned biorefining facilities.

Attis has accumulated a portfolio of patented and patent-pending technologies, all with a view towards building a nationwide network of new biorefineries designed to convert biomass into renewable alternatives for petroleum-derived fuels, plastics and other products at greater efficiencies compared to conventional processes.

“America’s rural communities are sitting on vast quantities of overlooked biomass reserves,” Jeff Cosman, CEO of Attis Industries Inc., says. “These are local, main street, American towns. They have the feedstock, the infrastructure, the incentives, the talent and the hunger. They just need the technology.”

“We’re thinking big in our approach, designing for feedstock tolerance and product optionality to diversify our commodity risk, all at 50 percent or better improvements in revenue and margins as compared to existing methods. If we do what we think we can do, we’re going to bring disruptive changes to these communities.”

Attis recently narrowed its list of potential sites down to a few locations in Florida, Georgia, Pennsylvania, New York, Kentucky and Minnesota after evaluating the incentive-laden offerings from various state governments and the commercial proposals of targeted land owners, site developers, contractors, feedstock suppliers and supply chain partners. Attis is planning to select at least two sites in 2018.

“We’re thankful to have so many state economic development offices supporting our efforts,” Cosman says. “Each of our proposed facilities will stimulate development for its host community while diversifying revenues and creating about 35 jobs per plant—about 50 percent of which will be skilled. The proposals we’ve seen to date have been very competitive on that basis. We’re looking forward to making our final selections in the coming weeks and months, as we continue to press forward with rapid growth and strong returns for our shareholders.”