Aemetis CEO to Present on “Net Zero Future” Panel at the Advanced Biofuels Leadership Conference Oct 28th in San Francisco

CUPERTINO, CA – September 22, 2021 – Aemetis, Inc. (NASDAQ: AMTX), a renewable natural gas (RNG) and renewable fuels company focused on negative carbon intensity products, announced that Chairman and CEO Eric McAfee will provide an overview of the Aemetis low carbon intensity projects at the Advanced Biofuels Leadership Conference which will be held at Hotel Nikko in San Francisco on October 28, 2021, 9 am Pacific time.

McAfee will also serve on the “Net Zero Future” speakers panel along with other sustainable aviation fuel companies Gevo, LanzaTech, and Neste.

“The 90 million gallon per year Aemetis Carbon Zero sustainable aviation fuel and renewable diesel plant under development in two phases in Riverbank, California is designed to produce below zero carbon intensity renewable fuels by utilizing cellulosic hydrogen from waste forest and orchard wood with one million tonnes of onsite CO2 carbon sequestration capacity,” said McAfee.  “We are now developing the facilities to capture and sequester the CO2 from our biogas project, our existing biofuels plant, and California oil refineries in a separate one million tonne CO2 injection well located near the Keyes ethanol plant.”

In addition, Aemetis has already built and currently operates two dairy biogas digesters, on-site dairy gas upgrading and pressurization facilities, and a four-mile biogas pipeline connecting the dairies to the Aemetis Keyes ethanol plant. The Aemetis Biogas Central Dairy Digester project has already obtained a negative 426 carbon intensity from CARB for biogas produced by Phase I.  The centralized biogas cleanup and onsite RNG fueling facilities at the Keyes plant are currently under construction for completion in Q4 2021, with the planning and construction of 15 additional dairy biogas digesters in progress for completion during 2022.

When fully built out, the planned 52 dairies in the Aemetis biogas project are expected to capture more than 1.4 million MMBtu of dairy methane and reduce greenhouse gas emissions equivalent to an estimated 5.2 million metric tonnes of CO2 each year, equal to removing the emissions from approximately 1.1 million cars per year.

The Aemetis Biogas dairy RNG project, energy efficiency upgrades to the Aemetis Keyes biofuels plant, and the Aemetis Renewable Jet/Diesel project include $57 million of grant funding and other support from the US Department of Agriculture, the US Forest Service, the California Energy Commission, the California Department of Food and Agriculture, CAEATFA, and Pacific Gas and Electric’s energy efficiency program.

 

About Aemetis

Aemetis has a mission to transform renewable energy with below zero carbon intensity transportation fuels. Aemetis has launched the Carbon Zero production process to decarbonize the transportation sector using today’s infrastructure.

Aemetis Carbon Zero products include zero carbon fuels that can “drop in” to be used in airplane, truck, and ship fleets. Aemetis low-carbon fuels have substantially reduced carbon intensity compared to standard petroleum fossil-based fuels across their lifecycle.

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. 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 sustainable aviation fuel (SAF) and renewable diesel fuel 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 exclusive 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 carbon sequestration facilities, biogas lagoon digesters, 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.

 

FACT SHEET: Biden Administration Advances the Future of Sustainable Fuels in American Aviation

New Actions Aim to Produce Three Billion Gallons of Sustainable Fuel, Reduce Aviation Emissions by 20% by 2030, and Grow Good-Paying, Union Jobs

Today, President Biden is taking steps to coordinate leadership and innovation across the federal government, aircraft manufacturers, airlines, fuel producers, airports, and non-governmental organizations to advance the use of cleaner and more sustainable fuels in American aviation. These steps will help make progress toward our climate goals for 2030 and are essential to unlocking the potential for a fully zero-carbon aviation sector by 2050. Today’s executive actions across the Departments of Energy, Transportation, Agriculture, Defense, the National Aeronautics and Space Administration, the General Services Administration, and the Environmental Protection Agency will result in the production and use of billions of gallons of sustainable fuel that will enable aviation emissions to drop 20% by 2030 when compared to business as usual. Together with President Biden’s Build Back Better Agenda, these new agency steps and industry partnerships will transform the aviation sector, create good-paying jobs, support American agriculture and manufacturing, and help us tackle the climate crisis…

Fuel Providers Will Scale Up SAF Production

Current levels of domestic SAF production are approximately 4.5 million gallons per year, with the industry poised to grow rapidly. To meet the challenge of scaling up to billions of gallons over a decade, both policy support and producer commitments will be critical to driving domestic innovation and deployment. Scaling up domestic SAF production will involve a wide variety of different feedstocks and pathways, and the industry will continue to explore a diverse set of options, including the potential to convert biofuels such as ethanol into jet fuel. To help achieve our 2030 goals, several fuel providers have announced domestic SAF production targets:

  • … Additional recent and new announcements of potential SAF production scale-up include those from BP, Virent, Honeywell, Shell, Neste, Marquis, Green Plains Inc., ADM, Prometheus, Aemetis, and members of the Renewable Fuels Association and members of Growth Energy.

– whitehouse.gov, Briefing Room

Full Article

Aemetis Biogas Signs Utility Pipeline Interconnect Agreement and Funds Final Payment for Installation of Equipment

PG&E Gas Pipeline Interconnect Expected to be Completed in Q4 2021

CUPERTINO, CA – September 15, 2021 – Aemetis, Inc. (NASDAQ: AMTX), a renewable natural gas (RNG) and renewable fuels company focused on negative carbon intensity products, announced that its subsidiary Aemetis Biogas LLC has signed the Standard Renewable Gas Interconnection Agreement (SRGIA) with the Pacific Gas & Electric Company and funded the final $1.2 million payment for installation of PG&E’s interconnection equipment to deliver renewable natural gas (RNG) into the utility gas pipeline in Q4 2021.

The PG&E RNG interconnect equipment has already been fabricated onto modular units that are now scheduled to be delivered to the Keyes plant and installed during the next three months.  When the interconnection unit is completed, the RNG produced by the Aemetis Biogas Central Diary Digester Project will be delivered into the Pacific Gas & Electric natural gas pipeline for sale to customers throughout California as transportation fuel.

“As planned, the engineering, permitting, offsite equipment fabrication, and full payment of $2.3 million to PG&E has been completed,” said Andy Foster, President of the Aemetis Biogas subsidiary of Aemetis, Inc. “PG&E manages the fabrication and installation of the interconnection system connecting the Aemetis biogas cleanup and compression facility to the gas utility pipeline.  We are pleased that a significant milestone for completion of the Aemetis Biogas Central Dairy project was completed today.”

Aemetis has already built and currently operates two dairy biogas digesters, on-site dairy gas upgrading and  pressurization facilities, and a four-mile biogas pipeline connecting the dairies to the Aemetis Keyes ethanol plant.  The centralized biogas cleanup and onsite RNG fueling facilities at the Keyes plant are currently under construction for completion in Q4 2021, and the construction of 15 additional dairy biogas digesters are in progress for completion during 2022.

The PG&E interconnection unit is a gateway for the network of lagoon digesters being built by Aemetis Biogas to produce renewable natural gas (RNG) for use as a transportation fuel.  The biogas produced by the first two dairy digesters has received an approved pathway by the California Air Resources Board (CARB) utilizing negative 426 (-426) carbon intensity (CI) and is currently used to displace petroleum based natural gas consumed at the Keyes ethanol production facility for process energy.

When fully built out, the planned 52 dairies in the Aemetis biogas project are expected to capture more than 1.4 million MMBtu of dairy methane and reduce greenhouse gas emissions equivalent to an estimated 5.2 million metric tonnes of CO2 each year, equal to removing the emissions from approximately 1.1 million cars per year.

The Aemetis Biogas dairy RNG project, energy efficiency upgrades to the Aemetis Keyes biofuels plant, and the Aemetis Renewable Jet/Diesel project include $57 million of grant funding and other support from the US Department of Agriculture, the US Forest Service, the California Energy Commission, the California Department of Food and Agriculture, CAEATFA, and Pacific Gas and Electric’s energy efficiency program.

 

About Aemetis

Aemetis has a mission to transform renewable energy with below zero carbon intensity transportation fuels. Aemetis has launched the Carbon Zero production process to decarbonize the transportation sector using today’s infrastructure.

Aemetis Carbon Zero products include zero carbon fuels that can “drop in” to be used in airplane, truck, and ship fleets. Aemetis low-carbon fuels have substantially reduced carbon intensity compared to standard petroleum fossil-based fuels across their lifecycle.

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. 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 sustainable aviation fuel (SAF) and renewable diesel fuel 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 exclusive 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 PG&E utility gas pipeline, biogas lagoon digesters, 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.

 

Aemetis Awarded Building Permits to Begin Construction on Next Phase of Dairy Biogas Digesters

Fifteen dairy digesters planned for completion in 2022  

 

CUPERTINO, CA – September 8, 2021 – Aemetis, Inc. (NASDAQ: AMTX), a renewable natural gas (RNG) and renewable fuels company focused on negative carbon intensity products, announced today that it has been issued building permits by Stanislaus County in California to construct the next phase of dairy biogas digesters in the Aemetis Biogas Central Diary Digester Project which will be connected via private pipeline to the Aemetis ethanol plant near Modesto.

“In addition to the California Environmental Quality Act (CEQA) IS/MND permit for the 32-mile extension of the Aemetis Biogas pipeline, the project has received building permits to begin construction of the next phase of dairy biogas digesters,” said Andy Foster, President of the Aemetis Biogas subsidiary of Aemetis, Inc. “We have already built and currently operate two dairy biogas digesters, on-dairy gas upgrading and  pressurization facilities, and a four-mile biogas pipeline connecting to our Keyes ethanol plant.  The centralized biogas cleanup and utility pipeline interconnection facilities at the Keyes plant are currently under construction for completion in Q4 2021, and we plan to complete the construction of 15 additional dairy biogas digesters during 2022.”

The next phase of five dairy biogas digesters are part of a network of lagoon digesters being built by Aemetis Biogas to produce renewable natural gas (RNG) for use as a transportation fuel.  The RNG produced by the first two dairy digesters has been approved by the California Air Resources Board (CARB) utilizing negative 426 (-426) carbon intensity biogas to displace petroleum based natural gas used at the Keyes ethanol production facility.

The next phase of five dairy digesters is planned for completion in  Q1 2022, with an additional ten dairy digesters planned for completion by  Q4 2022. When completed, the seventeen dairy digesters built and operated by Aemetis are expected to produce approximately 440,000 MMBtu per year of Renewable Natural Gas for use in trucks and buses to displace carbon based diesel fuel.

The planned 52 dairies in the Aemetis biogas project are expected to capture more than 1.4 million MMBtu of dairy methane and reduce greenhouse gas emissions equivalent to an estimated 5.2 million metric tonnes of CO2 each year, equal to removing the emissions from approximately 1.1 million cars.

The Aemetis Biogas dairy RNG project, energy efficiency upgrades to the Aemetis Keyes biofuels plant, and the Aemetis Renewable Jet/Diesel project include $57 million of grant funding and other support from the US Department of Agriculture, the US Forest Service, the California Energy Commission, the California Department of Food and Agriculture, the California State Treasurer’s Office, and Pacific Gas and Electric’s energy efficiency program.

 

About Aemetis

Aemetis has a mission to transform renewable energy with below zero carbon intensity transportation fuels. Aemetis has launched the Carbon Zero production process to decarbonize the transportation sector using today’s infrastructure.

Aemetis Carbon Zero products include zero carbon fuels that can “drop in” to be used in airplane, truck, and ship fleets. Aemetis low-carbon fuels have substantially reduced carbon intensity compared to standard petroleum fossil-based fuels across their lifecycle.

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. 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 sustainable aviation fuel (SAF) and renewable diesel fuel 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 exclusive 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 lagoon digesters, 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.

 

Aemetis CEO Addresses The Team – Thanks Staff For Perseverance & Dedication

In the wake of one of the most challenging years for businesses and individuals alike, the Aemetis team pulled together and accomplished great things. CEO and Founder Eric McAfee recently shared a letter with the entire Aemetis staff expressing his deep gratitude for their hard work and dedication during such uncertain times. He stressed the importance of the work the company is doing to create carbon negative renewable fuels and build a path toward a more sustainable world.

Here’s a peek at the letter sent to staff last week.

 


 

July 2021

Aemetis Team,

This year, we continue to be challenged by the many personal and business constraints imposed by the Covid 19 pandemic. Despite these external conditions, we have made tremendous progress toward our goal of demonstrating to the world how to reverse climate change and improve our quality of life through the production and use of carbon negative renewable fuels.

I want to personally thank you for pulling together as a team to achieve progress during these difficult and uncertain times. Without this teamwork, we would not have been able to advance the development of exciting new technologies and significant projects during the past year and a half.

The variety of skills and talents on our team have been brought together to achieve goals that were almost unimaginable at the onset of the global pandemic. While many companies shut down or idled their operations, we accelerated through the crisis and are now poised to reach even greater heights.

Your efforts are having a direct and positive impact on the health, safety, job creation and new investment that we are creating from the revolutionary conversion of the Keyes ethanol plant away from using petroleum natural gas to being powered by renewable electricity and biogas; the capture of biogas from dairies to make RNG to replace diesel in trucks and buses; using waste wood to make ethanol and jet fuel; or the sequestration of CO2 from our biofuels plants and from oil refineries.

These technologies are long-term changes to how the world currently works. Every day we are “planting trees from which our children will enjoy the fruits and the shade.”

The work that we are doing every day has already made a positive difference to our communities. We are working together to show the world how to improve the economy by cleaning up the environment and reversing the impact of climate change – helping our next generation live in a better world than was given to us.

On behalf of our Board of Directors and Management Team, please accept our sincere thanks for your many contributions over the past year. May this summer be safe and include time to enjoy your family and friends.

 

Sincerely,

Eric A. McAfee
Founder, Chairman and CEO
Aemetis, Inc.

 

Aemetis CCS Drilling Study by Baker Hughes Confirms Feasibility of Sequestering Two Million MT per Year of CO2 at California Ethanol Plant Sites

Engineering and Permitting in Process for Two CO2 Injection Characterization Wells related to Aemetis Keyes and Riverbank Biofuels Plant Sites

 

CUPERTINO, Calif. – August 18, 2021 – A new study concluded that more than 2 million metric tonnes (MT) per year of CO2 can be removed from the atmosphere and injected safely into the earth at two ethanol plant sites in California. The study was commissioned by Aemetis, Inc. (NASDAQ: AMTX), a renewable natural gas and renewable fuels company focused on below zero carbon intensity products.

The Carbon Capture & Sequestration (CCS) geologic formation review and drilling study was completed by Aemetis Carbon Capture, a subsidiary of Aemetis, and was conducted by Baker Hughes, a global energy services company with operations in 120 countries.

The Baker Hughes study estimated that 1.0 million MT per year of CO2 can be sequestered in the saline formations located deep underground at or near the Aemetis Keyes ethanol plant site. The study noted that up to 1.4 million MT per year of CO2 should be injectable at or near the Aemetis Riverbank site due to the favorable permeability of the saline formation and other factors.

“The conclusions from the initial Baker Hughes geologic formation and pre-drilling study confirm the feasibility of Aemetis plans to construct two CO2 injections wells at or near the Aemetis biofuels sites,” stated Brian Fojtasek of ATSI, the project manager for the Aemetis Carbon Capture construction phase. “We have completed Front End Loading engineering and are now working on the Front End Engineering Design (FEED) and permitting for the Aemetis CCS projects.”

Once complete, the Aemetis Carbon Capture CCS project is expected to capture and sequester more than 2 million MT of CO2 per year at the two Aemetis biofuels plant sites in Keyes and Riverbank, California. The amount of CO2 sequestered each year is expected to be equal to the emissions from 460,000 passenger cars each year.

“This latest study for Aemetis builds on our deep experience in providing storage site evaluation, well placement, underground formation review and drilling technology for CCS injection projects,” said Ajit Menon, energy transition leader for Oilfield Services at Baker Hughes. “This is another step in the development of CCS capacity, which will be a key part of the energy transition going forward.”

Each MT of CO2 is planned to generate approximately $200 per MT from the California Low Carbon Fuel Standard and $50 per MT of IRS 45Q tax credit.  Legislation is pending in Congress to increase the federal tax credit to $80 per MT of CO2 and to provide billions of dollars of grants and loans to finance CCS projects in the U.S.

 

About Aemetis

Aemetis has a mission to transform renewable energy with below zero carbon intensity transportation fuels. Aemetis has launched the Carbon Zero production process to decarbonize the transportation sector using today’s infrastructure.

Aemetis Carbon Zero products include zero-carbon fuels that can “drop-in” to be used in airplanes, truck, and ship fleets. Aemetis low-carbon fuels have substantially reduced carbon intensity compared to standard petroleum fossil-based fuels across their lifecycle.

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 Sustainable Aviation Fuel (SAF) and renewable diesel fuel biorefineries in California from renewable oils and orchard and forest waste. Aemetis holds a portfolio of patents and exclusive technology licenses to produce renewable fuels and biochemicals. For additional information about Aemetis, please visit www.aemetis.com.

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 carbon capture and sequestration projects in Central California, continued governmental programs and support for renewable fuels, the continued compliance with and qualification under governmental programs, and the ability to access markets and funding to execute our biogas and carbon capture business plans.    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.

Aemetis Selects Construction Company to Build 32 Mile Biogas Pipeline

Vendor Selected Based on Proven Track Record of Quality Work on Previous Aemetis Projects and Extensive Utility Pipeline Construction Experience

CUPERTINO, CA – August 13, 2021 – Aemetis, Inc. (NASDAQ: AMTX), a renewable natural gas (RNG) and renewable fuels company focused on negative carbon intensity products, announced today that it has awarded a construction services contract to Machado & Sons Construction Inc. (“Machado & Sons”) to build the Company’s 32-mile biogas pipeline extension connecting multiple dairy digesters throughout Stanislaus and Merced Counties in California. The pipeline will transport the renewable biogas from the dairies to the Aemetis biogas upgrading facility at the Aemetis ethanol production plant in Keyes, California, where the biogas will be transformed into commercial-grade RNG for use as a carbon-negative transportation fuel for trucks, buses and cars.

After a procurement process that included proposals from ten pipeline construction companies, Aemetis selected Machado & Sons due to their extensive experience in utility-grade pipeline construction, as well as their successful completion of a separate CO2 pipeline from the Aemetis ethanol production facility in Keyes to the CO2 liquification gas plant built in 2019. Machado and Sons is also currently engaged as a key construction contractor for the Aemetis biogas upgrading facility.

“Through a competitive bidding process with a number of highly qualified pipeline contractors, Aemetis is very pleased to select Machado & Sons for the second stage of the dairy biogas pipeline construction,” said Andy Foster, President of Aemetis Biogas. “Over the past few years, we have completed a number of projects with Machado & Sons, and continue to be impressed with their collaborative attitude, outstanding safety record, and exceptional construction capabilities.”

“We conducted extensive value engineering outside of the regular bid process to demonstrate our ability to execute this project safely, on time, and within budget,” said Mike Machado, President of Machado & Sons . “We have completed multiple projects with Aemetis and appreciate their professionalism during project development. We are pleased to be a key contractor in building projects that fulfill the Aemetis mission to produce carbon-negative transportation fuels.”

The pipeline is part of the Aemetis Biogas Central Dairy Digester Project which is developing a network of lagoon digesters connected via a biogas pipeline to produce renewable natural gas (RNG). The RNG produced by the first two dairy digesters has been approved by the California Air Resources Board (CARB) at a negative 426 (-426) carbon intensity to displace petroleum based natural gas used at the Keyes ethanol production facility, and to provide carbon negative renewable fuel for compressed natural gas trucks and buses.

Phase 1 of the Aemetis Biogas project was completed in September 2020, including two dairy lagoon digesters and four miles of pipeline connected to the Aemetis Keyes ethanol plant to reduce the carbon intensity of ethanol produced by the Keyes plant.

The planned 52 dairies in the Aemetis biogas project are expected to capture more than 1.4 million MMBtu of dairy methane and reduce greenhouse gas emissions equivalent to an estimated 5.2 million metric tonnes of CO2 each year. The captured methane will be transformed to carbon-negative transportation fuel to displace petroleum-based diesel throughout the State of California.

The 5.2 million metric tonnes of annual CO2 emissions reduction from the Aemetis Biogas project is estimated to reduce CO2 emissions equivalent to removing 1.1 million cars from the road.

The Aemetis Biogas dairy RNG project, energy efficiency upgrades to the Aemetis Keyes biofuels plant, and the Aemetis Renewable Jet/Diesel project include $57 million of grant funding and other support from the US Department of Agriculture, the US Forest Service, the California Energy Commission, the California Department of Food and Agriculture, the California State Treasurer’s Office, and Pacific Gas and Electric’s energy efficiency program.

 

About Aemetis

Aemetis has a mission to transform renewable energy with below zero carbon intensity transportation fuels. Aemetis has launched the Carbon Zero production process to decarbonize the transportation sector using today’s infrastructure.

Aemetis Carbon Zero products include zero carbon fuels that can “drop in” to be used in airplane, truck, and ship fleets. Aemetis low-carbon fuels have substantially reduced carbon intensity compared to standard petroleum fossil-based fuels across their lifecycle.

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 sustainable aviation fuel (SAF) and renewable diesel fuel 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 exclusive technology licenses to produce renewable fuels and biochemicals. For additional information about Aemetis, please visit www.aemetis.com.

 

About Machado & Sons Construction Inc.

Machado & Sons is a general construction company operating in California since 1985. Over the years it has grown into a diverse company providing civil construction services in a wide range of markets throughout the State of California.

Machado & Sons was founded by Manuel Machado in 1985 and is now led by his three sons. Throughout the years, a focus on family values, continuous improvement, and forming solid relationships with clients has established Machado & Sons as a respected contractor.

The company expanded its operations from the private and commercial arena in 2009 when it began providing services to the public utility industry. This expansion fueled the company’s growth as Machado & Sons set out to add new construction capabilities to its repertoire and increase its workforce to service new markets.

Machado & Sons pioneered large scale solar farm construction during the first wave of agriculture solar construction and has been on the forefront of other innovations in the industries they service. Growing demand in the company’s field operations has allowed them to build a talented team of professional staff in the administration, estimating, equipment and project management departments.

Machado & Sons holds certifications in Minority Business Enterprise (MBE) through the CPUC Clearinghouse and is a Small Business Enterprise (SBE) under the Department of General Services, State of California.

 

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.

Aemetis, Inc. Reports Second Quarter 2021 Financial Results

CUPERTINO, Calif. – August 12, 2021 – Aemetis, Inc. (NASDAQ: AMTX), an advanced renewable fuels and biochemicals company, today announced its financial results for the three and six months ended June 30, 2021.

“Revenues from ethanol sales in the second quarter of 2021 increased 16% compared to the second quarter of 2020 as economic recovery from COVID-19 continues to create increased demand for liquid transportation fuels along with its associated stronger pricing,” said Todd Waltz, Chief Financial Officer of Aemetis.  “North America revenues during the second quarter of 2021 increased to $54.7 million compared to $45.2 million during the second quarter of 2020.  Capital expenditures for ultra-low carbon projects were $12.9 million for the first six months of 2021 as our engineering and construction teams progress with the initiatives outlined in our previously announced Five Year Plan,” added Waltz.

“We are pleased with the milestones accomplished during the second quarter of 2021, including progress in engineering and permitting the next 32 miles of biogas pipeline and several dairy digesters,” said Eric McAfee, Chairman and CEO of Aemetis.  “The Aemetis Biogas RNG project received approval for a Low Carbon Fuel Standard pathway that established a -426 carbon intensity for our dairy RNG biogas project, and we received California Environmental Quality Act approval for the 32-mile extension to our existing 4-mile biogas pipeline, in addition to an encroachment permit to construct approximately 20 miles of pipeline in Stanislaus County.  We also expanded the team managing the Aemetis Carbon Capture subsidiary to inject CO2 emissions into sequestration wells which are expected to be drilled at our two biofuels plant sites in California above unique shale formations.  We invite investors to review the updated Aemetis Corporate Presentation on the Aemetis home page prior to the earnings call.”

Today, Aemetis will host an earnings review call at 11:00 a.m. Pacific time (PT).

Live Participant Dial In (Toll Free): +1-844-602-0380
Live Participant Dial In (International): +1-862-298-0970

Webcast URL:  https://www.webcaster4.com/Webcast/Page/2211/42353

For details on the call, please visit http://www.aemetis.com/investors/conference-calls/

 

Financial Results for the Three Months Ended June 30, 2021

Revenues during the second quarter of 2021 were $54.9 million compared to $47.8 million for the second quarter of 2020.  Our North America operations in the second quarter of 2021, as compared to the second quarter of 2020, experienced steady sales volume with an increase in the selling price of ethanol from $2.63 per gallon to $2.78 per gallon, and an increase in the delivered corn price from an average of $4.55 per bushel during the second quarter of 2020 to $8.04 per bushel during the second quarter of 2021. Increased COVID-19 infection rates and high stearin costs negatively impacted sales in India.

Gross profit for the second quarter of 2021 was $3.6 million, compared to $14.1 million during the second quarter of 2020.  Our North America segment accounted for substantially all of the reported, consolidated gross profit in both periods.

Selling, general and administrative expenses were $5.8 million during the second quarter of 2021, compared to $4.0 million during the second quarter of 2020 as a result of period expenses incurred as part of the development of our ultra-low carbon initiatives.

Operating loss was $2.1 million for the second quarter of 2021, compared to an operating income of $10.0 million for the second quarter of 2020 resulting from a combination of lower demand for the higher profitability industrial alcohol products and rising corn prices.

Interest expense during the second quarter of 2021 was $5.2 million, excluding accretion and other expenses in connection with Series A preferred units in our Aemetis Biogas LLC subsidiary, compared to $6.2 million during the second quarter of 2020.  Additionally, our Aemetis Biogas LLC subsidiary recognized $3.8 million of accretion and other expenses in connection with preference payments on its preferred stock during the second quarter of 2021 compared to $1.4 million during the second quarter of 2020.

Net loss was $10.6 million for the second quarter of 2021, compared to a net income of $2.2 million for the second quarter of 2020.

Cash at the end of the second quarter of 2021 increased to $7.2 million, compared to $0.6 million at the end of 2020.  Capital expenditures increased property, plant and equipment by $12.9 million driven by investments in our ultra-low carbon initiatives and company debt decreased by $48.7 million compared to December 31, 2020.

 

Financial Results for the Six Months Ended June 30, 2021

Revenues were $97.7 million for the first half of 2021, compared to $87.3 million for the first half of 2020, driven by an increase in the selling price of ethanol from $2.08 per gallon to $2.34 per gallon on increased volumes of 1.2 million gallons from 29.6 million gallons to 30.8 million gallons.

Gross profit for the first half of 2021 was $38 thousand, compared to $13.6 million during the first half of 2020, primarily attributable to delivered corn price increasing from $4.89 per bushel during the first half of 2020 to $7.44 per bushel during the first half of 2021.

Selling, general and administrative expenses were $11.1 million during the first half of 2021, compared to $8.0 million during the first half of 2020.

Operating loss was $11.1 million for the first half of 2021, compared to an operating income of $5.5 million for the first half of 2020.

Interest expense was $12.4 million during the first half of 2021, excluding accretion and other expenses of Series A preferred units in our Aemetis Biogas LLC subsidiary, compared to interest expense of $13.1 million during the first half of 2020.  Additionally, our Aemetis Biogas LLOC subsidiary recognized $5.7 million of accretion and other expenses in connection with preference payments on its preferred stock during the first half of 2021 compared to $2.3 million during the first half of 2020.

 

About Aemetis

Aemetis has a mission to transform renewable energy with below zero carbon intensity transportation fuels. Aemetis has launched the Carbon Zero production process to decarbonize the transportation sector using today’s infrastructure.

Aemetis Carbon Zero products include zero-carbon fuels that can “drop-in” to be used in airplanes, truck, and ship fleets. Aemetis low-carbon fuels have substantially reduced carbon intensity compared to standard petroleum fossil-based fuels across their lifecycle.

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 Sustainable Aviation Fuel (SAF) and renewable diesel fuel biorefineries in California from renewable oils and orchard and forest waste.  Aemetis holds a portfolio of patents and exclusive technology licenses to produce renewable fuels and biochemicals.  For additional information about Aemetis, please visit www.aemetis.com.

 

NON-GAAP FINANCIAL INFORMATION

We have provided non-GAAP measures as a supplement to financial results based on GAAP. A reconciliation of the non-GAAP measures to the most directly comparable GAAP measures is included in the accompanying supplemental data. Adjusted EBITDA is defined as net income/(loss) plus (to the extent deducted in calculating such net income) interest expense, gain on extinguishment, income tax expense, intangible and other amortization expense, accretion and other expenses of Series A preferred units, depreciation expense, and share-based compensation expense.

Adjusted EBITDA is not calculated in accordance with GAAP and should not be considered as an alternative to net income/(loss), operating income or any other performance measures derived in accordance with GAAP or to cash flows from operating, investing or financing activities as an indicator of cash flows or as a measure of liquidity. Adjusted EBITDA is presented solely as a supplemental disclosure because management believes that it is a useful performance measure that is widely used within the industry in which we operate. In addition, management uses Adjusted EBITDA for reviewing financial results and for budgeting and planning purposes.  Adjusted EBITDA measures are not calculated in the same manner by all companies and, accordingly, may not be an appropriate measure for comparison between companies.

 

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 our five-year growth plan, expansion of our biogas digestor network, development of our carbon sequestration projects and development of our cellulosic ethanol business in North America.  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, demand for high grade alcohol and related products, including hand sanitizers, 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, our Quarterly Report on Form 10-Q for the quarters ended March 31, 2021 and June 30, 2021 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.

 

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Aemetis Receives Final Permit to Build Next 21 Miles of Phase 2 Biogas Pipeline

Fully Permitted to Begin Construction of 21 Miles of Phase 2 Biogas Pipeline in Stanislaus County, Calif.

 

CUPERTINO, Calif. – August 6, 2021 – Aemetis, Inc. (NASDAQ: AMTX), a renewable natural gas and renewable fuels company focused on below zero carbon intensity products, today announced the final permit has been approved to begin construction of the next 21 miles of the Aemetis Biogas Phase 2 pipeline in Stanislaus County, Calif.

“Issuance of the Phase Two Pipeline county road encroachment permit is a very significant milestone for the Aemetis Biogas RNG project,” said Andy Foster, President of Aemetis Biogas, Inc. “Having now cleared the two major permitting steps required to build the next 21 miles of biogas pipeline, we are poised to rapidly deploy the infrastructure necessary to connect our network of dairy digesters and accelerate the adoption of dairy biogas as a negative carbon intensity fuel to replace diesel in heavy trucks and buses.”

This significant project milestone allows the installation of biogas pipeline in Stanislaus County roads for construction of a pipeline that extends the existing 4 mile pipeline by an additional 21 miles. The pipeline will convey conditioned biogas from dairies to the Company’s centralized gas cleanup facility which is currently under construction at the Aemetis Advanced Fuels Keyes ethanol plant.

At the Keyes plant, the biogas will be upgraded to negative carbon intensity (CI) Renewable Natural Gas (RNG) for use as transportation fuel in trucks and buses. The RNG will be either delivered into the PG&E utility pipeline located onsite at the Aemetis ethanol plant, dispensed to trucks at the RNG fueling station being built at the Aemetis plant, or used as process energy in the Aemetis facility to replace petroleum-based natural gas.

The Biogas Pipeline Encroachment Permit was issued by the Stanislaus County Department of Public Works. Previously, Aemetis announced that it received environmental approval for 32 miles of biogas pipeline from the Stanislaus County Board of Supervisors for the Phase Two pipeline project’s Initial Study/Mitigated Negative Declaration (IS/MND), the key approval necessary to meet the permitting requirements of the California Environmental Quality Act (CEQA) prior to pipeline construction. The CEQA approval confirms that mitigation measures in the biogas project will avoid or mitigate any impacts on the environment.

The Company is completing the permitting process for 13 miles of additional biogas pipeline in Merced County to connect additional dairies to the Aemetis biogas cleanup facility at the ethanol facility. The initial four-mile Phase 1 pipeline project was completed and commissioned in the third quarter of 2020 in conjunction with the completion of the Company’s first two dairy digesters.

Once complete, the biogas clean-up hub will produce more than 1 million MMBtu of RNG. Recently, Aemetis received a-426 CI score for gas from the company’s first two dairy digesters, which is currently being utilized as process energy at the ethanol facility. Additionally, the system will displace 6.88 million diesel gallon equivalents (DGE) and eliminate 2,632,149 metric tonnes of CO2 equivalents per year. The $12 million pipeline project and the $12 million biogas cleanup facility are funded in part by a $4.2 million grant from the California Energy Commission.

 

About Aemetis

Aemetis has a mission to transform renewable energy with below zero carbon intensity transportation fuels. Aemetis has launched the Carbon Zero production process to decarbonize the transportation sector using today’s infrastructure.

Aemetis Carbon Zero products include zero-carbon fuels that can “drop-in” to be used in airplanes, truck, and ship fleets. Aemetis low-carbon fuels have substantially reduced carbon intensity compared to standard petroleum fossil-based fuels across their lifecycle.

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 Sustainable Aviation Fuel (SAF) and renewable diesel fuel biorefineries in California from renewable oils and orchard and forest waste. Aemetis holds a portfolio of patents and exclusive 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 clean-up 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.

Aemetis to Review Second Quarter Financial Results on August 12, 2021

CUPERTINO, CA – Thursday, August 5, 2021 – Aemetis, Inc. (NASDAQ: AMTX) announced that the company will host a conference call to review the release of its second quarter 2021 earnings report:

Date:   Thursday, August 12, 2021
Time:   11 am Pacific Standard Time (PST)
Live Participant Dial In (Toll Free): +1-844-602-0380
Live Participant Dial In (International): +1-862-298-0970
Webcast URL: https://www.webcaster4.com/Webcast/Page/2211/42353

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

After August 19th, 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 19 2021 by dialing (Toll Free) 877-481-4010 or (International) 919-882-2331 and entering conference ID number 42353.

 

About Aemetis

Aemetis has a mission to transform renewable energy with below zero carbon intensity transportation fuels. Aemetis has launched the Carbon Zero production process to decarbonize the transportation sector using today’s infrastructure.

Aemetis Carbon Zero products include zero-carbon fuels that can “drop-in” to be used in airplanes, truck, and ship fleets. Aemetis low-carbon fuels have substantially reduced carbon intensity compared to standard petroleum fossil-based fuels across their lifecycle.

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 Sustainable Aviation Fuel (SAF) and renewable diesel fuel biorefineries in California from renewable oils and orchard and forest waste.  Aemetis holds a portfolio of patents and exclusive technology licenses to produce renewable fuels and biochemicals.  For additional information about Aemetis, please visit www.aemetis.com.