Aemetis Begins Deliveries of Carbon Dioxide Under Supply Agreement With New Messer CO2 Plant
May 01 2020 - 7:30AM
via NEWMEDIAWIRE --
Aemetis, Inc. (NASDAQ: AMTX)
announced today
that it has commenced
deliveries under a long-term agreement with Messer to supply carbon
dioxide (CO2) to a newly-constructed, state-of-the-art CO2 plant
located adjacent to the Aemetis ethanol plant.
This week, the Aemetis 65 million gallon per
year ethanol plant began supplying CO2 to Messer for processing
into liquid CO2 – a key product in the food freezing and chilling,
carbonated beverage, and electronics sectors. Due to the
ongoing COVID-19 pandemic, the supply of liquid CO2 has been
significantly disrupted in California and throughout the United
States as ethanol production plants have decreased production
rates. The Messer plant will serve existing and new customers
in Northern California and surrounding states via truck and
rail.
For the past two years, Aemetis worked closely
with Messer on the construction of a new CO2 facility which is
connected via pipeline to the Aemetis ethanol production facility.
Aemetis anticipates selling Messer approximately 450 tons of
CO2 daily from the company’s ethanol fermentation process.
Messer will then purify and convert the supplied CO2 into liquid
form, which it sells to a variety of customers.
“Aemetis is pleased to be supplying Messer with
CO2, especially in this time of critical need,” said Eric McAfee,
Chairman and CEO of Aemetis. “It is essential that
California’s supply of CO2 remain uninterrupted for the many
industries that depend on this important product.”
About Aemetis
Headquartered in Cupertino, California, Aemetis
is an advanced renewable fuels and biochemicals company focused on
the acquisition, development and commercialization of innovative
technologies that replace traditional petroleum-based products by
the conversion of ethanol and biodiesel plants into advanced
biorefineries. Founded in 2006, Aemetis owns and operates a
60 million gallon per year ethanol production facility in
California’s Central Valley, near Modesto. Aemetis also owns
and operates a 50 million gallon per year renewable chemical and
advanced fuel production facility on the East Coast of India
producing high quality distilled biodiesel and refined pharma-grade
glycerin for customers in India, the US and Europe. Aemetis
is building a dairy digester, pipeline and gas conditioning system
near its plant in California to produce below zero carbon content
Renewable Natural Gas (RNG). Aemetis operates a
research and development laboratory, and holds a portfolio of
patents and related technology licenses for the production of
renewable fuels and biochemicals. For additional information
about Aemetis, please visit www.aemetis.com.
About Messer
Messer is the largest privately held industrial gas business in
the world, and a leading industrial and medical gas company in
North and South America. Messer offers over 120 years of expertise
in industrial, medical, specialty, and electronic gases and safely
delivers quality gases, related services and technology via an
extensive production and distribution network. Messer Americas is
part of Messer Group, representing a USD 3.5 billion enterprise
with presence in the Americas, Europe and Asia. For more
information, visit: www.messeramericas.com.
Media Contact: Amy Ficon Corporate
Communications201-741-1656, Fax 908-771-1460
amy.ficon@messer-us.com
Safe Harbor Statement
This news release contains forward-looking statements, including
statements regarding our assumptions, projections, expectations,
targets, intentions or beliefs about future events or other
statements that are not historical facts. Forward-looking
statements in this news release include, without limitation,
statements relating to the production capacity of CO2. Words or
phrases such as “anticipates,” “may,” “will,” “should,” “believes,”
“estimates,” “expects,” “intends,” “plans,” “predicts,” “projects,”
“showing signs,” “targets,” “will likely result,” “will continue”
or similar expressions are intended to identify forward-looking
statements. These forward-looking statements are based on current
assumptions and predictions and are subject to numerous risks and
uncertainties. Actual results or events could differ
materially from those set forth or implied by such forward-looking
statements and related assumptions due to certain factors,
including, without limitation, competition in the ethanol,
biodiesel and other industries in which we operate, commodity
market risks including those that may result from current weather
conditions, financial market risks, customer adoption,
counter-party risks, risks associated with changes to federal
policy or regulation, and other risks detailed in our reports filed
with the Securities and Exchange Commission (the “SEC”), including
our Annual Report on Form 10-K for the year ended December 31,
2020, and in our subsequent filings with the SEC. We are not
obligated, and do not intend, to update any of these
forward-looking statements at any time unless an update is required
by applicable securities laws.
External Investor
RelationsContact:Kirin SmithPCG Advisory
Group(646) 863-6519ksmith@pcgadvisory.com
Company Investor Relations/Media
Contact:Todd Waltz(408) 213-0940investors@aemetis.com
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