In Georgia, Attis Industries Inc. announced that it completed the acquisition of the corn ethanol plant and grain malting operation in Fulton, New York from Sunoco LP. The ethanol plant immediately becomes an essential element of Attis’ current operations and will be pivotal in the Company’s expanding technology portfolio as it develops the site into a state-of-the-art Green Tech campus.
Attis acquired the nameplate 100 million gallon per year corn ethanol plant and grain malting operations for $20 million in cash with non-dilutive financing. The transaction includes a six-month transition services agreement as well as a 10-year offtake agreement for the ethanol produced at the facility, creating exceptional stability for Attis as it expands the capabilities of the facility over the next two years.
Category: Producer News