Attis Innovations, a wholly-owned subsidiary of Meridian Waste Solutions, Inc., an integrated, non-hazardous solid waste services and innovative technology company, has reported that performance testing for the lignin-based resins produced by Meridian's patent-pending lignin polymer process has now been successfully completed.
The product is a flowable resin extender that has shown outstanding mechanical properties and processing characteristics for the plastics market. At 15-25% inclusion rates, the product retains 100% of the tensile modulus, 100% of the impact strength, and over 90% of the tensile modulus in composites using polypropylene and polyethylene - a $265 billion market. Moving on a rapid development curve, the company's offering meets a host of applications, including automotive components, agricultural products, building and construction and other durable goods.
With a commodity plastics market expected to reach $493 billion by 2022 and consuming 4% of our oil production while doing so, Attis Innovations offers a cost-effective point of differentiation. Attis Lignin is a product that retains the high performance and processing demands of the resin while reducing the overall cost to brand owners. The thermoplastic product allows for composites to be highly loaded without losing the ability to fill large and complex shapes.
"This is a great addition to our lignin polymer business," said Jeff Cosman, Meridian's Chief Executive Officer. "We will continue to advance our unique bio-based product to reach higher loading levels as well as to expand our market opportunities. As exemplified by our recent and planned acquisitions, our $3 million grant award from the USDA and the results displayed in this release, Attis Innovations is on course to achieve great success and to lead in the production of high performance, low-cost materials produced from renewable sources."
http://www.attisinnovations.com and http://www.amsnt.com.