Aemetis Begins Construction of Centralized Biogas Cleanup Unit to Produce Renewable Natural Gas
May 19 2021 - 8:00AM
via NewMediaWire --
Aemetis, Inc. (NASDAQ:
AMTX), a renewable natural gas and renewable fuels company focused
on negative carbon intensity products, announced today that its
Aemetis Biogas subsidiary reached a significant milestone by
starting construction of the dairy biogas cleanup and compression
unit for the Aemetis Biogas Central Dairy Digester
Project. The biogas cleanup unit will produce Renewable
Natural Gas that meets utility gas pipeline standards and will be
utilized as transportation fuel.
This week, construction crews began site
preparation and excavation, after which they will pour the cement
foundation and then install and connect process equipment. The
biogas cleanup unit will be co-located at the Aemetis advanced
ethanol plant in Keyes, California, and will be directly connected
to the PG&E natural gas pipeline. The company plans to build 32
additional miles of biogas pipeline that will connect over 30
dairies to the gas cleanup unit and utility
pipeline.
“The $12 million biogas cleanup and compression
unit is scheduled to be operational by Q4 2021 to generate utility
pipeline quality Renewable Natural Gas,” stated Andy Foster,
President of Aemetis Biogas. “Since September 2020, the first
two dairies in the Aemetis Biogas Central Dairy Digester Project
have been operating, supplying biogas via a four-mile Aemetis-owned
pipeline that is processed through a boiler system to produce heat
and power for the Keyes ethanol plant. The new biogas cleanup
and compression unit will allow us to supply fuel for trucks and
other natural gas vehicles throughout California by injecting RNG
into the utility gas pipeline, and via an onsite RNG fueling
station being built at the Aemetis Keyes plant.”
“Beginning construction of the biogas cleanup and
compression unit is a significant milestone that will process the
biogas delivered by the recently permitted 35-mile biogas
pipeline,” said Eric McAfee, Chairman and CEO of
Aemetis. “The negative carbon intensity RNG to be
produced by the biogas cleanup unit is scheduled to fuel trucks
that deliver animal feed products from our ethanol plant to about
80 local diaries, and biofuel throughout California. Our
ability to fuel trucks with -426 carbon intensity RNG is a
sustainable operating advantage for dairies and other members of
the Aemetis network.”
In addition to the two operating dairies, the next
phase of the Aemetis Biogas Central Dairy Project is scheduled to
complete an additional 15 dairy digesters and 32 miles of
pressurized biogas pipeline by the end of Q2 2022, generating an
estimated 440,000 MMBtu per year of biogas.
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 and
other renewable oils to produce low carbon intensity renewable jet
and diesel fuel using cellulosic hydrogen from waste orchard and
forest wood, while pre-extracting cellulosic sugars from the waste
wood 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 development and construction
of the biogas cleanup and compression unit, construction and
operation of the biogas pipeline, our compliance with governmental
programs, and our ability to access markets and funding to execute
our 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 Smith
PCG Advisory Group
(646) 863-6519
ksmith@pcgadvisory.com
Company Contact:
Todd Waltz
Chief Financial Officer
(408) 213-0925
twaltz@aemetis.com
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