Second U.S. Patent Awarded and Exclusively Licensed to Aemetis by US Dept of Energy to Use Waste Forest Wood and Other Biomas...
May 26 2021 - 8:00AM
via NewMediaWire --
Aemetis, Inc. (NASDAQ:
AMTX) announced today
the grant of a second patent for
technology exclusively licensed to Aemetis that enables the
production of low carbon intensity renewable fuels from waste wood
feedstocks.
U.S. Patent No. 2018/0346938 “High Gravity,
Fed-Batch Ionic Liquid Based Process for Deconstructing Biomass”
protects the use of ionic liquids to extract sugars from a wide
variety of waste biomass, including forest and orchard
wood. This process is expected to provide up to a 90%
reduction in feedstock cost and to increase the value of renewable
fuels by significantly reducing carbon intensity.
“This recently patented ionic liquids technology
was funded by the U.S. Department of Energy and the California
Energy Commission during development by Sandia National Labs, the
Joint Bioenergy Institute and Aemetis,” stated Goutham Vemuri, VP
of Technology Development at Aemetis. “The process
enables waste wood to be used in two important ways as valuable
feedstock: extracting sugar for conversion into cellulosic ethanol
at our ethanol plant to generate an estimated $5 of revenue per
gallon, and converting the remaining lignin into renewable hydrogen
for the hydrotreatment of vegetable oils to produce low carbon
intensity jet and diesel fuel.”
“Forest and orchard trees absorb CO2 along with
solar energy and nutrients to grow,” stated Eric McAfee, Chairman
and CEO of Aemetis. “By using waste wood and other biomass, Aemetis
is expanding the range of feedstocks that can be used in the
production of high value renewable fuels that work with existing
jet, diesel and flex-fuel engines,” McAfee noted.
The first Aemetis Carbon Zero production plant —
“Carbon Zero 1” — is scheduled for construction at 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 renewable jet and diesel plant
and energy efficiency upgrades to the Aemetis ethanol 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
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 enforceability of patents,
the development and construction of a sugar extraction plant, the
construction and operation of the jet and diesel biorefinery in
Riverbank, California, our compliance with governmental programs,
and the 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 Investor Relations/
Media Contact:
Todd Waltz
(408) 213-0940
investors@aemetis.com
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