ATLANTA, GA / ACCESSWIRE / November 10, 2017 / Meridian Waste Solutions, Inc.
(NASDAQ: MRDN) ("Meridian Waste" or the "Company"), a vertically integrated, nonhazardous
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
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
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outdated technology used in the pulp and paper industry.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
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@example.com
More information can be found about Meridian Innovations at www.meridianinnov.com