U.S. Patent Awarded and Exclusively Licensed to Aemetis Enabling Launch of “Carbon Zero” Production Plants
January 15 2021 - 8:00AM
via NewMediaWire --
Aemetis, Inc. (NASDAQ: AMTX) announced
today
that its exclusively licensed technology for the
production of below zero carbon renewable fuel was awarded U.S.
Patent No. 10907184 (to be published February 2, 2021), enabling
the launch of Aemetis “Carbon Zero” production plants to
commercialize the technology. Using patented technology
exclusive to Aemetis for agricultural waste wood feedstock, the
Carbon Zero plants are integrated with existing Aemetis production
facilities to produce energy dense renewable fuels using renewable
energy and below zero carbon intensity waste
feedstocks.
The Aemetis Carbon Zero production plants are designed to
convert below zero carbon feedstocks (waste wood and ag wastes) and
renewable energy (solar, renewable natural gas, biogas) into energy
dense liquid renewable fuels. Aemetis expects that such
renewable fuels, when used in hybrid electric vehicles or other
vehicle engines, will have a “below zero carbon” greenhouse gas
footprint across the entire lifecycle of the fuel based on the
Argonne National Laboratory’s GREET model, the pre-eminent
science-based lifecycle analysis measurement tool.
“We are naming these projects ‘Carbon Zero’ to reflect our
mission to reduce greenhouse gases. Wood is partially comprised of
carbon dioxide (CO2) from the air. Agricultural waste wood
has a below zero carbon intensity as a fuel by avoiding greenhouse
gas emissions, since waste wood is usually burned in the field or
breaks down into harmful methane emissions,” stated Eric McAfee,
Chairman and CEO of Aemetis.
“By combining below zero carbon waste wood with zero carbon
renewable energy obtained from solar, hydroelectric and biogas
sources, Aemetis is transforming these sources of renewable energy
into zero carbon renewable fuels that work with existing engines,
as well as range extender generators used in electric cars or
trucks as long-haul and local delivery vehicles adopt electric
drivetrains to improve emissions, fuel efficiency and performance,”
McAfee noted.
The first Aemetis Carbon Zero production plant — “Carbon Zero 1”
— is planned for the 140-acre Riverbank Industrial Complex in
Central California, a former Army ammunition production facility
with 710,000 square feet of existing production buildings.
The Carbon Zero 1 plant will extract sugars from waste wood and
then process the sugar into renewable fuel at the existing nearby
Aemetis 65 million gallon per year plant near Modesto,
California. This process is expected to reduce the amount of
corn used in biofuel production, provide a 90% reduction in
feedstock cost, and significantly increase the value of the biofuel
by significantly reducing its carbon intensity. After an
initial production demonstration phase, the Carbon Zero 1 plant is
expected to ramp up capacity to produce 10% of the sugar feedstock
used in the existing Aemetis 65 million gallon per year biofuel
plant, with additional expansion in future phases.
The Carbon Zero 1 project and energy efficiency upgrades to the
Aemetis plant include funding and other support from the USDA, the
US Forest Service, the California Energy Commission, the California
Department of Food and Agriculture, and PG&E.
About Aemetis
Aemetis has a mission to transform renewable energy into below
zero carbon transportation fuels. The next generation of renewable
fuels can achieve below zero carbon emissions by addressing the
market need of reducing greenhouse gas emissions with sustainable
alternatives. Aemetis uses low-carbon renewable resource-based
carbohydrates as raw materials and is developing renewable
electricity and renewable natural gas for use in transportation and
production processes. Aemetis low-carbon fuels have
substantially reduced carbon intensity (the level of greenhouse gas
emissions compared to standard petroleum fossil-based fuels across
their lifecycle).
Headquartered in Cupertino, California, Aemetis is a renewable
natural gas, renewable fuel and biochemicals company focused on the
acquisition, development and commercialization of innovative
technologies that replace traditional petroleum-based
products. Founded in 2006, Aemetis has completed Phase 1 and
is expanding a California biogas digester network and pipeline
system to convert dairy waste gas into Renewable Natural Gas
(RNG). Aemetis owns and operates a 65 million gallon per year
ethanol production facility in California’s Central Valley near
Modesto that supplies about 80 dairies with animal feed.
Aemetis also owns and operates a 50 million gallon per year
production facility on the East Coast of India producing high
quality distilled biodiesel and refined glycerin for customers in
India and Europe. Aemetis is developing the Carbon Zero 1
plant in California to convert waste orchard wood into sugars that
will be processed into biofuels at the Keyes plant, as well as
cellulosic ethanol and renewable hydrogen in expansion
phases. Aemetis 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.
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 our ability to commercialize and scale the
licensed patented technology, the ability to obtain sufficiently
low Carbon Intensity score to achieve below zero transportation
fuel, the development of the Aemetis Biogas Central California
Dairy Project, and the ability to access the funding required to
execute on the plant construction and operations. Words or
phrases such as “anticipates,” “may,” “will,” “should,” “believes,”
“estimates,” “expects,” “intends,” “plans,” “predicts,” “projects,”
“showing signs,” “targets,” “will likely result,” “will continue,”
“enable” 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
the Aemetis Annual Report on Form 10-K for the year ended December
31, 2019, 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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