Aemetis CEO Eric McAfee to Present at the 33rdRoth Capital Conference on March 15-17, 2021
March 12 2021 - 8:00AM
via NewMediaWire -- Aemetis, Inc. (NASDAQ: AMTX)
announced today
that Chairman and CEO Eric
McAfee will present to institutional investors and stock analysts
at the Virtual 33rdRoth Capital Conference on March 15-17, 2021.
The presentations will include the Aemetis Five
Year Plan focused on negative carbon intensity renewable natural
gas, renewable jet/diesel fuel produced using cellulosic hydrogen,
and other low carbon intensity renewable fuels projects that
Aemetis is undertaking to maximize the value of the California Low
Carbon Fuel Standard, federal Renewable Fuel Standard, and IRS 45Q
carbon sequestration tax credits.
McAfee’s presentation will feature the Aemetis
Biogas Central Dairy Project and the Aemetis Carbon Zero renewable
jet and diesel fuel project, as well as the existing 65 million
gallon per year ethanol plant in Keyes, California and the 50
million gallon per year capacity high grade distilled biodiesel
plant in India.
The Aemetis Five Year Plan presentation is posted
on the Investors section of the Aemetis website
at http://www.aemetis.com/investors/presentation/.
The Aemetis dairy Renewable Natural Gas (RNG)
project has completed two digesters, a four-mile pipeline and a
unit to utilize the biogas to replace petroleum natural gas in
operating the Keyes ethanol plant near Modesto, CA. An
additional 15 dairies and 31 miles of pipeline, as well as biogas
cleanup, compression and utility pipeline interconnection units,
are being built and are scheduled to be operational by Q2 2022.
The Aemetis Carbon Zero renewable jet and diesel
plant design commercializes patented technology exclusive to
Aemetis for the production of renewable jet and diesel fuel for
aviation and commercial truck markets utilizing negative carbon
intensity cellulosic hydrogen from waste orchard
wood. The Aemetis “Carbon Zero 1” plant has a
planned capacity of 45 million gallons per year and will be located
at the 142-acre Riverbank Industrial Complex, a former US Army
ammunition plant in Riverbank, California.
The renewable jet and diesel fuel produced at the
Aemetis Carbon Zero plant may be used in today’s airplane, truck,
and ship fleets without significant changes in fueling
infrastructure or engines. Aemetis recently announced a $2 billion
bid process to airlines and fuel blenders for the Carbon Zero
biorefinery.
The Aemetis Carbon Zero 1 renewable jet and diesel
fuel plant, the Aemetis BiogasCentral Dairy renewable natural gas
project, and energy efficiency upgrades to the Aemetis Keyes
ethanol plant include $38 million of grant 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’s energy efficiency program.
About Aemetis
Aemetis has a mission to transform renewable
energy into below zero carbon transportation fuels. Aemetis
has launched the Carbon Zero production process to decarbonize the
transportation sector using today’s infrastructure.
Aemetis Carbon Zero products include negative
carbon intensity renewable jet and diesel fuel that can
immediately “drop in” to be used in airplane, truck and
ship fleets. Aemetis low carbon fuels have substantially
reduced carbon intensity compared to standard petroleum
fossil-based fuels across their lifecycle.
Headquartered in Cupertino, California, Aemetis is
a renewable natural gas, renewable fuel and bioproducts company
focused on the acquisition, development and commercialization of
innovative technologies that replace traditional petroleum-based
products and reduce greenhouse gas emissions. 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 renewable jet and diesel fuel integrated
biorefinery in California to utilize distillers corn oil from
ethanol plants to produce low carbon intensity renewable jet and
diesel fuel using cellulosic hydrogen from waste orchard wood and
other negative carbon intensity biomass, and pre-extract cellulosic
sugars from the waste biomass to be processed into high value
cellulosic ethanol at the Keyes plant. Aemetis holds a
portfolio of patents and related technology licenses for the
production of renewable fuels and bioproducts. 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
scores to achieve below zero transportation fuel, the development
of the Aemetis Biogas Central Dairy Project, the development of the
Aemetis Carbon Zero plants, and the ability to access the funding
required to execute on 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, 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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