April 19, 2021
Business Jobs News

Leading Waterford company secures €135 million US deal

Leading Waterford company Specialist Nutrition has secured a five-year deal worth €135 million to supply by-products from a US ethanol plant as sustainable feed to farmers in New York.

Ferrybank-based Specialist Nutrition, part of the Arvum Group, is a leading international expert in turning co-products generated by the distilling, brewing and biofuel industries into sustainable animal feed.

The latest deal with Attis Industries will see the company establish a US base in Syracuse in upstate New York. It will market and distribute 500,000 tonnes of feed annually into the state’s dairy farming sector from a nearby corn ethanol plant based in Fulton.

Welcoming the deal, Arvum Group chief executive Roy Power said: “Our expansion into the US market has been achieved following two decades of strong collaboration with international food and beverage companies in Europe.

“Our team have spent a year working with the team at Attis, stepping them through our process to the point where they are confident in signing a five-year deal that changes the sustainable nature of their business.

“We will be providing a consistent supply of locally-produced animal feed to New York state farmers and the plant will be lowering its carbon footprint and increasing efficiencies.”

Attis Industries say that the new product offering significantly improves efficiency while reducing the processing time of distillers’ grains, saving over €2.3 million in annual natural gas costs.

It also lowers the facility’s carbon footprint and increases operational performance by three to five days.

“At Attis, we are working to transform this facility into the best, most efficient corn ethanol plant in the world, and this partnership allows us to add a key co-product diversification component to its operations,” said Attis Industries President Gregory Pilewiez.

“This Agreement is the first step in the overall expansion of the Fulton plant into the premier GreenTech campus in the world.”

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