Attis Industries’ acquired ethanol plant expected to generate $150M in revenue

June 9, 2019 |

In Georgia, Attis Industries Inc. said its recently acquired corn ethanol plant in Fulton, NY is expected to generate over $150 million in revenue under its current operating conditions. This corn ethanol plant is just the base platform for the Company’s strategic plan to develop a state-of-the-art green tech campus in Fulton, NY. The appraised asset value is $57 Million and their strategic plan over the next two years includes building a premier green tech campus

As reported in The Digest on June 3rd, Attis finalized the $20 million purchase of Sunoco LP’s nameplate 100 million gallon per year corn ethanol plant and grain malting operation in Fulton, NY. Beyond the operational capabilities, Attis has identified several projects at the site that will enhance the profitability and overall production capacity of the site and create roughly 100 high skilled jobs. Tapping into its already deep portfolio of proprietary biobased process technologies, Attis will focus on byproduct optimization of the corn ethanol plant and the new production of advanced biofuels and biobased products such as bioplastics and carbon fiber.  Attis will also look 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.

Print Friendly, PDF & Email

Tags: ,

Category: Fuels

Thank you for visting the Digest.