Aemetis Receives Approval for 32 Mile Extension of Biogas Pipeline for Dairy RNG Project
March 17 2021 - 8:00AM
via NewMediaWire –
Aemetis, Inc. (NASDAQ: AMTX), a renewable
natural gas and renewable fuels company focused on below zero
carbon intensity products, today announced that by a unanimous vote
the Stanislaus County Board of Supervisors accepted and approved
the Aemetis Biogas Initial Study/Mitigated Negative Declaration for
construction of a 32 mile extension to the existing Aemetis Biogas
four mile private pipeline that was completed in 2020.
The pipeline is designed to carry biogas from dairies as part of
the Aemetis Central Dairy Digester Project, which is planned to
span across the Stanislaus and Merced counties in Central
California. The approval is necessary to meet the
permitting requirements of the California Environmental Quality Act
(CEQA) prior to pipeline construction and confirms that mitigation
measures in the proposed project will avoid or mitigate any impacts
on the environment.
“Receiving CEQA approval for our pipeline project is a
significant milestone for the Aemetis Biogas renewable natural gas
(RNG) project and puts us on a solid path to begin construction of
the 32 mile pipeline extension that will convey biogas from
approximately 30 dairy digesters to our centralized gas cleanup
unit co-located at the Aemetis Advanced Fuels Keyes ethanol plant,”
said Eric McAfee, Chairman and CEO of Aemetis, Inc. “After
the dairy biogas is upgraded to RNG by the gas cleanup unit at the
Keyes plant, we expect to have multiple alternatives to generate
revenues from Low Carbon Fuel Standard (LCFS) and Renewable Fuel
Standard (RFS) credits. We plan on using the RNG to fuel
trucks by dispensing RNG at the renewable compressed natural gas
(R-CNG) fueling station we are building at the Keyes plant, inject
the RNG into the PG&E utility pipeline using an interconnection
unit that is scheduled for completion in Q3 2021, or utilize the
RNG as process energy to displace carbon-intensive petroleum
natural gas at the Keyes biorefinery. We believe this
flexible go-to-market approach ensures our ability to capture the
maximum value for LCFS and RFS credits and gives us a unique
advantage as a dairy RNG producer in California,” added McAfee.
The Aemetis Biogas Central Dairy Digester Project is a
collection of dairy lagoon anerobic digesters that are being built,
owned, and operated by Aemetis Biogas LLC, utilizing waste animal
manure to generate renewable methane gas to produce RNG.
About 25% of the methane emissions in California are emitted from
dairy waste lagoons, and California Senate Bill 1383 provides grant
funding and mandates for the capture of methane by dairies.
In the fourth quarter of 2020, Aemetis Biogas began operating
the first two digesters and the initial four-mile pipeline in the
RNG project. The Company plans to begin construction of the
next five dairy digesters and the additional 32 miles of biogas
pipeline in the second quarter of 2021, with five more dairy
digesters set to begin construction in the third quarter of 2021
and five digesters beginning in Q1 2022, for a planned total of
seventeen dairy digesters and a 36 mile pipeline in operation by Q2
2022.
The common membership units of Aemetis Biogas LLC are wholly
owned by Aemetis, Inc.
About Aemetis
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 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 biorefineries
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 to produce 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 the construction and operation of the dairy
digester and pipeline project in Central California, the
continuation of compliance with governmental programs, and the
ability to access markets and funding to execute our biogas
business plan. Words or phrases such as “anticipates,” “may,”
“will,” “should,” “believes,” “estimates,” “expects,” “intends,”
“plans,” “predicts,” “projects,” “showing signs,” “targets,”
“view,” “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, 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 Relations Contact:Kirin SmithPCG
Advisory Group(646) 863-6519ksmith@pcgadvisory.com
Company Contact:Todd WaltzChief Financial Officer(408)
213-0925twaltz@aemetis.com
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