Aemetis and Koch Project Solutions Select Worley to Provide Engineering for ‘Carbon Zero 1’ Renewable Jet and Diesel Prod...
June 16 2021 - 8:00AM
via NewMediaWire -- Aemetis, Inc. (NASDAQ: AMTX) has awarded an
engineering services contract to Worley for the Aemetis ‘Carbon
Zero’ renewable jet and diesel plant in Riverbank,
California.
The Aemetis Carbon Zero renewable jet and diesel project is
designed to hydrotreat renewable oils with hydrogen from orchard
and forest wood waste. By utilizing hydroelectric electricity and
carbon sequestration along with negative carbon intensity hydrogen,
the Aemetis plant is expected to produce among the lowest carbon
intensity renewable jet and diesel fuel in the world.
“Operations at the Aemetis Carbon Zero plant are scheduled to
begin in 2023 at the rate of 45 million gallons per year, expanding
to 90 million gallons by early 2025,” stated Eric McAfee, Chairman
and CEO of Aemetis. “The Carbon Zero project team includes Koch
Project Solutions as the EPC, Worley for engineering and technical
solutions, Axens for process engineering and technology license,
and ATSI serving as owner’s representative, working with our
in-house Aemetis technology, development, finance, regulatory, and
Global Sales and Trading team members. The renewable jet and diesel
produced at the Riverbank plant will supply the aviation and
trucking industries with low carbon, low emission, renewable
fuel.”
Worley is providing engineering to implement the Axens North
America renewable jet and diesel technology at the Riverbank site.
The Axens technology produces renewable jet and renewable diesel in
an integrated process.
“We are very pleased to be supported by the extensive expertise
provided by Worley for the engineering on the Aemetis Carbon Zero
plant, and we look forward to working with the Worley team on this
project,” said Tom Terris, Project Manager at Koch Project
Solutions.
“Delivering a more sustainable future for our customers is at
the core of everything we do. Working with Aemetis and Koch Project
Solutions on this project reinforces our commitment to helping our
customers navigate the energy transition, while also underpinning
our position and industry leadership in low-carbon fuels,” said
Karen Sobel, Group President, Americas at Worley.
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.
About Koch Project
Solutions
Koch Project Solutions strives to be the preferred partner for
capital project execution. Built on a foundation of safety, Koch
Project Solutions partners with project owners to develop
customized execution and contracting strategies designed to
maximize the return on investment. Koch Project Solutions is a part
of Koch Engineered Solutions providing world-class services and
technologies broadly across industrial sectors. Superior Outcomes.
Consistently Delivered. Learn more at our website:
www.kochprojectsolutions.com.
About Worley
Worley delivers project and asset services for the energy,
chemicals and resources sectors around the world. It provides
expertise in engineering, procurement and construction, as well as
consulting services. Every day Worley helps its customers get one
step closer to solving the planet’s complex issues, such as climate
change, the energy transition, digital transformation and how it is
delivering a more sustainable world. Follow us
on LinkedIn, Twitter and Facebook. Or visit
worley.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 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
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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