Milton, GA - Jan. 16, 2019 - Attis Industries Inc. (NASDAQ: ATIS) (the "Company" or "Attis"), a diversified innovation and technology holding company today announced it will collaborate with Novozymes A/S(NASDAQ OXM: NZYM-B,OTCPK:NVZMF), a world leader in biotechnology for renewable fuel production.
Under this newly announced relationship, Novozymes has committed to supplying the enzymes required by Attis to convert its pulp into sugar at all of its planned biorefineries.
Novozymes has a broad portfolio of biotechnology to support commercial cellulosic biofuels production, and the ability to ramp up production as needed in an effort to support Attis' ambitious growth plans.
Attis has successfully converted the pulp extracted from its patented biomass processing into high yields of sugar using Novozymes’ proprietary enzyme cocktails.
These successful results have validated the planned business model at Attis' biorefineries.
The partnership will focus on improving value, yields, and process efficiencies.
The sugars that will be produced using Novozymes’ proprietary enzymes will, in turn, be used to manufacture cellulosic ethanol and help contribute to a growing market for cellulosic biofuels under the EPA's Renewable Fuel Standard.
Attis and Novozymes’ initial collaboration will focus on optimizing the value of the biotechnology utilized in the Attis process, enabling Attis to meet the growing demand for advanced biofuels.
The current Renewable Fuel Standard calls for the production of 16 billion gallons of cellulosic biofuels by the year 2022, however, the renewable fuel industry has not been consistently able to produce 1 billion gallons on an annual basis.
Attis believes this is a tremendous market opportunity where with the combination of Attis' patented biomass processing technology and Novozymes’ proprietary enzymes can forge a new standard for renewable fuel production in the United States.
"Attis is very excited about forming a partnership with Novozymes for the efficient production of ethanol at future biorefineries," stated Jeff Cosman, Chief Executive Officer of Attis Industries.
"Novozymes is the industry leader in biotechnology for the renewable fuel industry and brings with it unquestioned credibility to our renewable fuel goals and also shares a similar innovation vision.
"We look forward to growing our relationship as we continue the deployment of our biorefineries across the country."
For more information, please contact Sean Leous at 212-389-9782 ext. 102 or firstname.lastname@example.org