Mitsubishi ZEBREXTM Technology to be Implemented by Aemetis to Reduce Energy Use and Lower Carbon Intensity of Biofuel

Mitsubishi ZEBREXTM Technology to be Implemented by Aemetis to Reduce Energy Use and Lower Carbon Intensity of Biofuel

 

CUPERTINO, CA, USA – August 30, 2018 – Aemetis, Inc. (NASDAQ: AMTX) and Mitsubishi Chemical Corporation (MCC) announced today that Aemetis will be implementing the Mitsubishi Chemical Corporation ZEBREXTM membrane dehydration system at the 60 million gallon per year Aemetis fuel ethanol plant in Keyes, California. The sales transaction involves a subsidiary of MCC, Mitsubishi Chemical America, Inc. The Aemetis plant upgrade is the first ZEBREXTM system installation in North America and is the largest implementation of the ZEBREXTM system worldwide.

 

The upgrade from the traditional Pressure Swing Adsorption (PSA) dehydration process to the ZEBREXTM system can reduce energy consumption in the production of biofuels by up to 25%, increasing production capacity while reducing the usage of fossil fuel-based energy and lowering the carbon intensity (CI) of ethanol produced at the plant. The unit will be designed and fabricated for Aemetis by ICM, Inc., headquartered in Colwich, Kansas, a leading ethanol technology provider. The Aemetis plant upgrade is the first ZEBREXTM installation delivered by MCC’s strategic engineering partner, ICM, in North America.

 

“Aemetis is a leader in the innovation and adoption of new technologies in both traditional and advanced biofuels,” stated Hiroyuki Kakiuchi, Manager of the ZEBREXTM product line at Mitsubishi Chemical Company in Tokyo, Japan.  “The ZEBREXTM system will allow the ethanol produced by Aemetis to  use  significantly less natural gas; reduce carbon emissions by approximately 16,000 tons per year; and provide increased ethanol production, achieving a lower carbon intensity biofuel that supports the goals of the California Low Carbon Fuel Standard (LCFS) and the US Renewable Fuel Standard (RFS).”

 

“The implementation of the Mitsubishi ZEBREXTM technology at the Aemetis Keyes plant is an excellent example of how the biofuels industry is utilizing advanced technology to reduce production costs and lower carbon emissions while increasing revenue per gallon and expanding capacity at both traditional and advanced ethanol production plants,” said Eric McAfee, Chairman and CEO of Aemetis.

 

The ZEBREXTM system has been installed in approximately 70 alcohol production plants worldwide.  The system is a state-of-the-art, continuous membrane dehydration technology to separate water from ethanol for purification into fuel quality biofuel at lower cost than the energy-intensive PSA units commonly used at ethanol plants.

 

About Aemetis

 

Headquartered in Cupertino, California, Aemetis is an advanced renewable fuels 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 60 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, the US and Europe. Aemetis operates a research and development laboratory, and 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.

 

About Mitsubishi Chemical Corporation

 

Established in 2017 and headquartered in Tokyo, Japan, Mitsubishi Chemical Corporation (MCC) was formed by the merger of Mitsubishi Chemical Corporation; Mitsubishi Plastics, Inc.; and Mitsubishi Rayon Co., Ltd.  MCC is Japan’s largest chemical company and offers a wide variety of products and solutions in the business domains of performance products and industrial materials. MCC believes “sustainability”, “health” and “comfort” are key words in 21st century society.  MCC aims to amalgamate its products and technologies to use the power of “chemistry” to help reduce carbon emissions and to greatly contribute to solving the problems that face our global society.   For additional information about Mitsubishi Chemical Corporation please visit  https://www.m-chemical.co.jp/en/.

 

For additional information related to ZEBREXTM  please email:  mayumi_kiyono@m-chem.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 production or effectiveness of the demonstration facility, the construction and operation of the cellulosic ethanol facility, and the size of government mandates on, and prices of, cellulosic and other sources of ethanol. Words or phrases such as “anticipates,” “may,” “will,” “should,” “believes,” “estimates,” “expects,” “intends,” “plans,” “predicts,” “projects,” “showing signs,” “targets,” “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. 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

http://investors@aemetis.com

 

 

 

 

 

Aemetis CEO to Present at the H. C. Wainwright Global Investment Conference

CUPERTINO, CA – August 28, 2018 – Aemetis, Inc. (NASDAQ: AMTX) announced today that Eric McAfee, Chairman and CEO, will be presenting at the H. C. Wainwright 20th Annual Global Investment Conference to be held on September 4-6, 2018 at the St. Regis Hotel in New York. Mr. McAfee will be presenting on Wednesday, September 5th at 8:45 am EST.

 

About Aemetis

Headquartered in Cupertino, California, Aemetis is an advanced renewable fuels 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 60 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, the US and Europe.  Aemetis operates a research and development laboratory, and 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.

Aemetis to Review Second Quarter Financial Results on August 9, 2018

CUPERTINO, CA – August 6, 2018 – Aemetis, Inc. (NASDAQ: AMTX) announced that the company will host a conference call to review the release of its second quarter 2018 earnings report:

Date:   Thursday, August 9, 2018

Time:   11 am Pacific Time (PT)

Live Participant Dial In (Toll Free): +1-877-407-8035

Live Participant Dial In (International): +1-201-689-8035

Webcast URL: http://www.investorcalendar.com/event/36799

Attendees may submit questions during the Q&A portion of the conference call.

After August 9th, the webcast will be available on the Company’s website (www.aemetis.com) under Investors/Conference Calls. The voice recording will also be available through August 16, 2018 by dialing (Toll Free) 877-481-4010 or (International) 919-882-2331 and entering conference ID number 36799.

 

About Aemetis

Headquartered in Cupertino, California, Aemetis is an advanced renewable fuels 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 60 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, the US and Europe.  Aemetis operates a research and development laboratory, and 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.

 

Car Fuel from Trees? Cutting-edge Plant Coming to Riverbank

Sometime next year, a first-of-its-kind biofuel plant three miles north of Modesto will begin turning old almond and walnut trees into transportation fuel.

The intriguing process should keep growers from burning millions of tons of orchard waste, spewing unhealthy smoke into Valley air. That wood instead would be transformed into cellulosic ethanol, a superclean liquid that’s mixed with gasoline and goes into our vehicle gas tanks.

Is it safe? And will there be new jobs?

Yes and yes, says Aemetis Inc., the Cupertino-based company willing to take a chance on Riverbank, and on new technology.”

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Aemetis Joins Russell Microcap Index

CUPERTINO, CA – June 28, 2018 – Aemetis, Inc. (NASDAQ: AMTX) today announced that the company joined the Russell Microcap Index at the conclusion of the Russell US Indexes annual reconstitution, effective upon the US market open on Monday, June 25, 2018.

The annual Russell US Indexes reconstitution captures the 4,000 largest US stocks as of May 11, ranking them by total market capitalization. Membership in the Russell Microcap  Index remains in place for one year. FTSE Russell determines membership for its Russell US Indexes primarily by objective, market-capitalization rankings and style attributes.

Russell US Indexes are widely used by investment managers and institutional investors as the basis for index funds and as benchmarks for active investment strategies. Russell US Indexes are part of FTSE Russell, a leading global index provider.

For more information on the Russell Microcap Index and the Russell US Indexes reconstitution, go to the “Russell Reconstitution” section on the FTSE Russell website.

 

About Aemetis

Headquartered in Cupertino, California, Aemetis is an advanced renewable fuels 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 60 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, the US and Europe.  Aemetis operates a research and development laboratory, and 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.

 

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Aemetis Advanced Biorefinery Named #1 Waste-to-Value Project in the World

CUPERTINO, CA – June 19, 2018 – Aemetis, Inc. (NASDAQ: AMTX) today announced that Biofuels Digest awarded the Aemetis cellulosic ethanol facility under development at the Riverbank site in California as the #1 Waste-to-Value Project in the world. The Aemetis facility earned its #1 project ranking as a result of its low cost contracted inputs, high value outputs, proven process technology and a planned $125 million USDA guaranteed loan. The facility was ranked above high profile and funded advanced biofuels projects including those developed by Fulcrum, Red Rock, Clariant, Poet and Enerkem.

Biofuels Digest noted that the Aemetis Riverbank project combines the best technology from leading technology providers LanzaTech and InEnTec with the local availability of waste orchard wood and other feedstock that can be used to produce Aemetis’ high value cellulosic ethanol and valuable byproducts.  The Aemetis Riverbank plant plans to integrate advanced arc furnace and gas fermentation technologies to convert agricultural waste biomass into below zero carbon (in terms of expected carbon intensity scores as determined under California’s Low Carbon Fuel Standard), renewable cellulosic ethanol and high value fish meal.

“Though the Aemetis Riverbank cellulosic ethanol plant is designed to use any biomass material, the conversion of agricultural waste biomass into high value, below zero carbon biofuel utilizes the unique availability of over 1.6 million tons of annual waste wood feedstock in the Central Valley from almond and walnut orchards,” stated Eric McAfee, the Chairman and CEO of Aemetis. “Aemetis holds exclusive rights in California and important rights worldwide for biomass conversion using the InEnTec gasifier and LanzaTech microbial reactor technologies.  With California Low Carbon Fuel Standard (LCFS) credits trading at a record $180, up from about $62 a year ago, we expect that the production of advanced biofuels from below zero carbon waste feedstocks could generate more than $50 million per year of positive cash flow from the 12 million gallons per year of production capacity built in the first phase of construction (assuming prices and credits remain at current levels), with a planned expansion to about 40 million gallons per year of production capacity thereafter at the Riverbank site.”

Aemetis seeks to reduce air pollution in California’s Central Valley, where the recent closure of biomass to electricity plants has led to an oversupply of waste orchard wood and other feedstock, and a return to burning agricultural waste. The Aemetis cellulosic ethanol project converts these agricultural wastes into high value renewable fuels and animal feed. Key milestones of the Aemetis Riverbank project include:

–       Recently completed operation of a fully integrated demonstration unit of the InEnTec gasifier and LanzaTech microbial reactor technologies in Richland, Washington, which generated high commercial yields of 77 gallons of ethanol per ton of feedstock;

–       Signed a 20-year feedstock supply agreement starting at only $15 per bone dry ton; and

–       Deployment of the LanzaTech process technology in China to convert steel mill waste gases into ethanol using a similar reactor design to that planned to be deployed in the Aemetis Riverbank plant.

The Aemetis Riverbank plant will be built in Riverbank, California near the existing Aemetis Keyes 60 million gallon ethanol facility. Aemetis is in the process of completing final engineering and permitting, with plans to complete project financing and begin construction of the Riverbank plant this year.

 

About Aemetis

Headquartered in Cupertino, California, Aemetis is an advanced renewable fuels 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 60 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, the US and Europe.  Aemetis operates a research and development laboratory, and 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.

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Biofuels Digest Names Aemetis #1 Top Waste Projects and Breakthroughs That Capture Used Carbon From the Waste Pile for New Uses

#1 Commercial time: Aemetis embarks on $158 million cellulosic ethanol project in California

So, it’s big news this week that Aemetis completed its operation of an integrated demonstration unit for more than 120 days of continuous operations with 94% uptime, meeting the requirements for a federal USDA 9003 Biorefinery Assistance Program guaranteed loan. Read more

Aemetis Provides Update of Cellulosic Ethanol Project

“Aemetis Inc. recently released first quarter 2018 financial results, reporting increased revenue and providing an update on the development of its cellulosic ethanol plant that is under development in California.

“During an investor call, Eric McAfee, CEO of Aemetis, said that the company completed several milestones related to the funding and construction of its proposed 12 MMgy cellulosic ethanol plant in Riverbank, California. He said the company previously signed a 20-year supply contract for orchard wood that will supply the approximately 140,000 tons of feedstock to the facility. During the first quarter, he said the company completed key environmental review and permitting milestones for the plant, as well as preliminary engineering design. ”

– Erin Voegele, Ethanol Producer Magazine

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