OAKHURST, N.J. (DTN) -- Attis Industries Inc. earlier this week finalized a $20 million purchase of Sunoco LP's nameplate 100-million-gallon-per-year corn ethanol plant and grain malting operation in Fulton, New York.
Attis said the plant will be the centerpiece of its proposed green tech campus. The company will focus on byproduct optimization of the corn ethanol plant and the new production of advanced biofuels and biobased products while also looking to generate "green" power, thus reducing the overall carbon footprint of the Fulton campus and taking advantage of valuable carbon credits to increase the site's profitability.
The suite of technologies Attis plans to roll out over the next two years will capitalize on the available efficiencies and renewable resources present in the New York market. Attis plans to immediately begin the process of deploying its patented biorefinery technology to further diversify the biofuel and biobased product manufacturing at the campus. By tapping into a vibrant local market for woody biomass, Attis will convert extracted pulp into cellulosic fuels and lignin into bioplastics, carbon fiber and advanced biofuels like renewable diesel and jet fuel.
Attis will also look to improve upon the quality and volume of coproducts currently being produced at the Fulton ethanol plant by implementing its patented and licensed corn oil extraction technology that will almost double the current corn oil production yields at the plant and provide an augmented revenue stream. The additional extraction system will serve a dual purpose as it will open a local market for the ethanol plant's distiller grain; Attis' new low-oil distiller grains will be better suited for dairy cow consumption. As New York is the third-largest dairy producing state, this provides considerable value.
Additionally, Attis will look to leverage the state's abundant supply of local renewable biomass to install a boiler on-site to generate green power necessary to run the state-of-the-art campus.
"We have lofty goals for the Fulton, New York, campus and look forward to showcasing the full breadth of Attis' capabilities," said Jeff Cosman, chairman and CEO of Attis Industries. "We hope that the successful transformation of a traditional corn ethanol plant into an integrated and highly profitable green tech campus will catalyze future projects and user in a new era for Attis Industries."
Georgia-based Attis Industries Inc. is a diversified innovation and technology holding company focused on developing and building business in the healthcare, sustainable materials and renewable fuel markets.
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