Partnership with and Investment into American Science and Technology Invigorates the Bio-Economy Through Exclusive Biomass Separation and Conversion Technology; Patented Technology Drives the Value of Lignin from $50 to up to $2,000 per Ton
ATLANTA, GA / ACCESSWIRE / November 10, 2017 / Meridian Waste Solutions, Inc. (NASDAQ: MRDN) ("Meridian Waste" or the "Company"), a vertically integrated, non-hazardous solid waste services company, through its wholly-owned subsidiary Meridian Innovations LLC ("Meridian Innovations"), today announced its exclusive licensing of the patented AST-Organosolv Process Technology from American Science and Technology Corporation ("AST").
Under the terms of its agreement, Meridian Innovations will have an exclusive commercial license to the AST patents and a lease for the AST biomass processing facility in Wausau, WI.
Meridian Innovations is confident that, using the AST technology alongside Meridian Innovations' process engineering and biomaterial development resources, a sustainable commercial bio-refining industry can be immediately launched.
The Meridian technology platform is largely in response to the current inefficiencies and outdated technology used in the pulp and paper industry. While the industry has prospered using clean process technologies and sustainable land management practices, its core technology is more than 100 years old and unable to implement efficient separation and bio-refining upgrades. The current antiquated pulp and paper processing methods are designed to only recover and sell about 50% of the processed biomass into high-value applications, meaning that the remaining 50% must be incinerated to recover and recycle the sodium-based solvents.
In contrast to traditional pulping processes, AST uses organic solvents to separate the biomass into fractions in lieu of sodium-based solvents. These organic solvents can be efficiently recovered and reused without incineration, allowing for the recovery of nearly 100% of the biomass constituents. The cellulose, hemicellulose and lignin can all be recovered and converted into high-value materials whereas traditional methods only recover cellulose.
One such high-value opportunity is created via AST's ability to recover and produce a unique melt-flowing form of lignin. The production of a melt-flowing form of lignin is a major breakthrough that allows an otherwise under-valued lignin stream to capitalize on a host of new market opportunities that were previously thought too difficult to explore. As an example, when used as a high-performance resin extender in thermoplastics, lignin brings a value of $600 to $2,000 per ton, depending on the performance requirements, substantially greater than the $50 per ton value when incinerated.
Furthermore, Meridian's process engineers are able to cost-effectively build biomass processing systems that range in capacity from 200 to 2,000 tons per day. As cellulose content and scale are no longer business constraints, Meridian can build and locate processing systems that reach a wider variety of feedstock opportunities such as peanut shells, rice hulls, corn stover, cotton stems, peach pits, perennial grasses, woody biomass and other crop residuals.
"The patented AST-Organsolv process is a valuable addition to our portfolio and we look forward to continuing to develop, license and acquire additional technologies and businesses that we believe will allow us to build a highly profitable company that reduces dependence on fossil fuels and creates thousands of green collar jobs," stated Jeff Cosman, CEO of Meridian Waste Solutions.
If you or your company is interested in evaluating specific feedstocks and business opportunities, please contact Meridian Innovations at [email protected]
More information can be found about Meridian Innovations at www.meridianinnov.com
About Meridian Waste Solutions, Inc.
Meridian Waste Solutions, Inc. (NASDAQ: MRDN) is a company defined by our commitment to servicing our customers with unwavering respect, fairness, and care. We are focused on finding and implementing solutions to solid waste needs and challenges within the industry and for our customers. Meridian Waste's core business is centered on residential and commercial waste collection and disposal but it also includes a fundamental objective to seek rewarding environmental solutions through innovation. Currently, the company operates in St. Louis, Missouri and Richmond, Virginia servicing over 113,000 residential, commercial, industrial and governmental customers. In addition to a fleet of commercial, residential and roll off trucks, the Company operates four transfer stations, one recycling facility, and three municipal solid waste landfills. For more information, visit www.MWSinc.com.
This press release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that involve certain risks and uncertainties. The actual results or outcomes of Meridian Waste Solutions, Inc. may differ materially from those anticipated. Although Meridian Waste Solutions, Inc. believes that the assumptions underlying the forward-looking statements contained herein are reasonable, any such assumptions could prove to be inaccurate. Therefore, Meridian Waste Solutions, Inc. can provide no assurance that any of the forward-looking statements contained in this press release will prove to be accurate.
In light of the significant uncertainties and risks inherent in the forward-looking statements included in this press release, such information should not be regarded as a representation by Meridian Waste Solutions, Inc. that its objectives or plans will be achieved. Included in these uncertainties and risks are, among other things, fluctuations in operating results, general economic conditions, uncertainty regarding the results of certain legal proceedings and competition. Forward-looking statements consist of statements other than a recitation of historical fact and can be identified by the use of forward-looking terminology such as "may," "intend," "expect," "will," "anticipate," "estimate" or "continue" or the negatives thereof or other variations thereon or comparable terminology. Because they are forward-looking, such statements should be evaluated in light of important risk factors and uncertainties. These risk factors and uncertainties are more fully described in Meridian Waste Solutions, Inc.'s most recent Annual and Quarterly Reports filed with the Securities and Exchange Commission, including under the heading entitled "Risk Factors." Meridian Waste Solutions, Inc. does not undertake an obligation to update publicly any of its forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
SOURCE: Meridian Waste Solutions, Inc.