Aemetis Receives LCFS Pathway Approval Utilizing Dairy Biogas For Production of Renewable Transportation Fuel
March 31 2021 - 7:30AM
via NewMediaWire –
Aemetis, Inc. (NASDAQ: AMTX), a renewable
natural gas and renewable fuels company focused on negative carbon
intensity products, announced today that it has received
certification from the California Air Resources Board (CARB) for a
new LCFS Tier 2 fuel pathway for the Aemetis Advanced Fuels Keyes
ethanol production plant utilizing renewable dairy biogas as a
process energy input. The new pathway reduces the carbon
intensity (CI) of Aemetis’ fuel ethanol from 67.3 to 65.6 utilizing
dairy biogas from two dairies with an average CI score of negative
426 (-426).
Aemetis began operating two anaerobic dairy digesters and a
4-mile private pipeline in September 2020 near the company’s
ethanol biorefinery in Keyes, California. The new ethanol
pathway certification from CARB is effective as of October 1,
2020.
The Aemetis Central Dairy Digester Project is a collection of
dairy lagoon anerobic digesters that are built, owned, and operated
by Aemetis Biogas LLC utilizing waste animal manure to generate
renewable methane gas to produce negative carbon intensity RNG for
transportation use to displace petroleum diesel fuel. An
estimated 25% of methane emissions in California is produced by
dairy waste lagoons.
Once complete, the Aemetis Central Dairy Digester Project is
expected to include over 30 dairy digesters in the current phase
(with plans to expand to more than 52 dairies), and utilize 36
miles of private pipeline owned by Aemetis, a centralized gas clean
up unit located at the Aemetis Keyes ethanol biorefinery, a
Renewable Natural Gas onsite fueling station, and an
interconnection to PG&E’s natural gas pipeline.
“This is another significant step in our multi-year plan to
de-carbonize the Keyes ethanol production facility,” said Eric
McAfee, Chairman and CEO of Aemetis, Inc. “This CARB Pathway
approval is our first utilization of negative CI dairy biogas to
produce transportation fuel. The Aemetis Keyes biorefinery is
expected to serve as the hub for the processing and distribution of
our negative carbon intensity RNG and allow us to serve multiple
markets with low or below zero CI liquid and gas renewable
fuels. We’d like to thank the staff at CARB for their
diligent and professional work. We look forward to working with
them as we rapidly expand the deployment of our negative CI
transportation fuel,” added McAfee.
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 35-mile biogas pipeline in operation by Q2
2022.
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 continued
compliance with and qualification under 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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