Attis now holds an exclusive license to patents and a biomass processing facility in Wausau, Wisconsin, formerly owned by American Science Technology Corp. (AST), Wausau, Wisconsin. Using the acquired intellectual property rights and personnel, Attis plans to build its first 60,000-ton-per-year commercial production facility in Minnesota.
Attis has begun evaluating potential feedstocks for conversion into pulp, cellulosic sugars and AST’s melt-flowing lignin. Feedstocks of interest include hardwood and softwoods found in northern Minnesota and agricultural crop residues from corn, soybean and wheat growers found in the southern part of Minnesota. Collectively, Minnesota generates about 27 million tons of forest and agricultural residues each year in addition to having a living tree inventory of about 465 million tons.
Attis will be able to apply for direct production payments from the state through the Minnesota AGRI Bioincentive Program run by the Minnesota Department of Agriculture. Attis’s melt-flowing lignin will qualify for a $0.6 per pound payment and, in many cases, Attis’s cellulosic sugars will qualify for $0.3 per pound produced. This incentive program will allow Attis to offset some of the costs associated with commercializing its processing methods and to decrease the payback period.
The company says its technologies can generate between 35 percent and 100 percent more revenue than pulp, paper and cellulosic fuel production facilities. Attis says its technology applies to most any form of biomass and it will be evaluating biomass materials from many additional crops and regions as it plans out its growth strategy.
“This is an exciting time for Attis, its shareholders and those looking to create jobs in rural America,” Jeff Cosman, CEO of Meridian Waste, says. “We look forward to continued updates to our shareholders as we make progress.”