Attis Industries has shortlisted its sites for acquisition and construction of its planned biorefining facilities in the US.

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

Attis Industries CEO Jeff Cosman said: “America’s rural communities are sitting on vast quantities of overlooked biomass reserves.

“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% or better improvements in revenue and margins as compared to existing methods. If we do what we think we can do, we’re going bring disruptive changes to these communities.”

The Company 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.

Cosman added: “We’re thankful to have so many state economic development offices supporting our efforts. Each of our proposed facilities will stimulate development for its host community while diversifying revenues and creating about 35 jobs per plant – about 50% 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.”

Attis is planning to select at least two sites in 2018, each of which will be designed to efficiently convert biomass into high value, sustainable, and environmentally-friendly products.

“These initial sites would be just the tip of the iceberg as the Company estimates that it would take more than 8,000 of our 200 ton per day systems to process the one billion tons per year of biomass the USDA estimates to be available in the United States today.

Source: Company Press Release.