Aemetis Completes Construction of Phase I Dairy Digester and Pipeline Project for Renewable Natural Gas Production
August 21 2020 - 6:30AM
via NEWMEDIAWIRE --
Aemetis, Inc. (NASDAQ: AMTX)
announced today
the completion of
construction of the first two dairy digesters and four mile
pipeline for the production of renewable natural gas (RNG) to
supply below-zero carbon intensity RNG to displace petroleum based
natural gas used at the Keyes ethanol production facility, and to
provide fuel for RNG trucks and buses.
“Aemetis is implementing multiple system
upgrades and expansion projects related to our 65 million gallon
per year renewable fuel and high grade alcohol plant, all of which
reduce carbon intensity (CI) and input costs while increasing
revenues,” said Eric McAfee, Chairman and CEO of Aemetis. “Our
Aemetis Biogas team is now rapidly building systems to capture and
convert methane from dairy lagoons into negative carbon intensity
RNG transportation fuel. After capturing and processing biogas from
the anaerobic dairy digesters, we will pipeline the upgraded gas to
our plant in Keyes, CA where it will be available for use as energy
to produce transportation fuel and high grade alcohol, and in the
first half of 2021, inject the RNG into the common carrier pipeline
and dispense RNG fuel to truck fleets at our onsite CNG loading
station,” added McAfee.
Aemetis is currently commissioning Phase I of
the Central Dairy Digester Project. After Phase I of the
project is operational, construction will begin on the additional
15 dairies that have signed agreements with Aemetis and
approximately 30 miles of private pipeline.
About Aemetis
Headquartered in Cupertino, California, Aemetis
is an advanced renewable fuel and biochemicals company focused on
the acquisition, development and commercialization of innovative
technologies that replace traditional petroleum-based products by
the conversion of ethanol and biodiesel plants into advanced
biorefineries. Founded in 2006, Aemetis owns and operates a 65
million gallon per year ethanol production facility in California’s
Central Valley near Modesto. Aemetis also owns and operates a 50
million gallon per year renewable chemical and advanced fuel
production facility on the East Coast of India producing high
quality distilled biodiesel and refined glycerin for customers in
India and Europe. Aemetis is building a biogas anaerobic
digester network and pipeline to convert dairy animal waste gas to
Renewable Natural Gas (RNG) and is developing a plant to convert
waste orchard wood into cellulosic ethanol. Aemetis holds a
portfolio of patents and related technology licenses for the
production of 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, 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,” “will likely result,” “will continue”, “enable”
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 (the “SEC”), including
our Annual Report on Form 10-K for the year ended December 31,
2018, 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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