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.

 

Branching Out

Aemetis’ refinery will produce renewable diesel and renewable jet fuel from almond orchard and forest wood waste, which will also yield a negative carbon sugar source for ethanol. The Keyes, California, plant is also ditching fossil-based power.

Eric McAfee, CEO of Aemetis, says the markets for sustainable aviation fuel (SAF) and renewable diesel are strong. The diesel market—and by association, the renewable diesel buildout—continued to gain momentum during the pandemic, with brisk trucking volume tied to the booming and irreversible phenomenon of consumer goods home delivery. “Renewable diesel is in high demand. Aviation fuels likewise,” he says. “It’s a 79 billion gallon market worldwide.”

And that’s good news for the company, as progress on its Carbon Zero One plant, a renewable diesel and SAF (i.e., biojet fuel) refinery continues. “We already announced the engineering for the process phase, and the engineer for the construction phase is next,” McAfee says, explaining that engineering and permitting work will continue as project financing is finalized before construction. “We’re at the end of the development phase.”

The plant will use almond orchard waste, as well as forest waste wood, from California, which McAfee says will help keep the plant’s carbon intensity (CI) score low. The unique feedstock also ends up being a benefit for Aemetis’ corn ethanol plant in Keyes, California, as sugar from the renewable diesel plant’s waste wood will be extracted for use in producing ethanol.

“If you can take sugar from a carbon negative 100 waste wood, and you have positive 50 carbon intensity sugar that comes from corn, which one are you going to make more money on, the corn or the waste wood?” McAfee says. “Then factor on top of that the waste wood is very low cost. It’s one tenth the cost of the sugar.” He adds that with the cost savings on the feedstock, and the premiums received from California’s LCFS, every 10 percent of production that uses the waste orchard wood as a feedstock generates $30 million. “That’s linear, so 20 percent is $60 million, 30 percent is $90 million, and 100 percent is $300 million. That doesn’t fade as you get more feedstock.” Those returns are possible because the feedstock is carbon negative.”

– Ethanol Producer Magazine, Matt Thompson

Full Article

Aemetis Hires Former Chevron Environmental Technical Expert for Carbon Capture and Renewable Jet/Diesel Projects

Mehagan Hopkins joins the Aemetis team with more than a decade of large scale environmental regulatory experience related to emissions and climate change

CUPERTINO, CA – July 14, 2021 – Aemetis, Inc. (NASDAQ: AMTX), a renewable natural gas and renewable fuels company focused on below-zero carbon intensity products, announced that regulatory expert Mehagan Hopkins has joined the company as Manager of Carbon Capture and Sequestration Regulatory and Compliance.

“My worldwide responsibilities at Chevron’s facilities, including working for two years in Indonesia, were good preparation for the regulatory work related to the Aemetis projects in biofuels and carbon capture,” said Hopkins.  “The Aemetis projects are in subject areas that are directly relevant to my expertise in addressing climate change and environmental liabilities in a way that create a more sustainable future.”

Hopkins has extensive experience in environmental remediation, site redevelopment, and sustainability.  During nearly a decade at Chevron, she built teams to manage sustainability and environmental stewardship programs.  She developed sustainability strategies, ensured compliance, and provided subject matter expert support for all domestic and international divisions at Chevron.  Hopkins holds a master’s degree in biochemistry and molecular biology from the University of California, Berkeley, and a Bachelor of Science in biology from the University of Southern California.

“Mehagan joins the expanding Aemetis team of experienced professionals as we execute our Five Year Plan announced earlier this year,” said Eric McAfee, Chairman and CEO of Aemetis.  “In addition to her previous environmental and permitting work in the California Central Valley, her time at Chevron focused on regulatory and compliance issues related to waste remediation.  This background will help Mehagan provide permitting and environmental compliance expertise for the Aemetis Carbon Capture and renewable jet/diesel projects.”

At Aemetis, Hopkins will lead EPA and other regulatory approvals for the carbon capture and sequestration (CCS) projects, as well as the sustainable aviation fuel (SAF) and renewable diesel fuel biorefineries.  The Aemetis Carbon Capture Inc. subsidiary of the company is currently engineering and permitting two CCS injection well projects to capture, dehydrate, compress, and sequester CO2 from the Aemetis Biogas anaerobic dairy digester projects, the Aemetis biofuel plants, and CO2 from oil refineries in California.

Hopkins was selected for her capabilities as a strong communicator and a skilled team leader who fosters a “no surprises” culture with regulators through proactive communication and planning.  She is known for building highly engaged leadership teams that add immediate value, lead transformational change, and create organizational growth.

 

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 our five-year growth plan, future growth in revenue, net income and adjusted EBITDA, the market sizes for our products, expansion into new markets, our ability to commercialize and scale the licensed patented technology, the ability to obtain sufficiently low Carbon Intensity scores to achieve below zero carbon intensity transportation fuels, the development of the Aemetis Biogas Central California Dairy Project, the development of the Aemetis Carbon Zero 1 plant at the Riverbank site, the upgrades to the Aemetis Keyes ethanol plant, and the ability to access the funding required to execute on project construction and operations.  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, 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 Negotiating Supply of 1.6 Million Metric Tonnes per Year of CO2 for Carbon Sequestration at California Biofuels Plant Sites

Two Carbon Sequestration Wells in Central California Under Development at Aemetis Biofuels Plant Sites to Capture and Sequester Two Million Metric Tonnes per Year of Carbon Dioxide

CUPERTINO, CA – June 23, 2021 – Aemetis, Inc. (NASDAQ: AMTX), a renewable natural gas and renewable fuels company focused on negative carbon intensity products, announced today that it has opened negotiations for the supply of 1.6 million metric tonnes (MT) per year of CO2 for Carbon Capture and Sequestration (CCS) to be located at or near the two Aemetis renewable fuels plant sites in Central California near Modesto.   It is anticipated that the capacity of each injection well site will be approximately one million metric tonnes per year, for a combined total of two million MT of CO2 sequestration per year.

“The existing California LCFS and IRS 45Q carbon capture and sequestration programs could potentially generate approximately $500 million per year of revenues from injecting a combined two million metric tonnes of CO2 per year at these two plant sites,” said Eric McAfee, Chairman and CEO of Aemetis, Inc.  “The Aemetis Carbon Capture projects are expected to benefit producers of traditional and renewable fuels that supply California by offsetting carbon emissions with carbon sequestration.”

According to the EPA, approximately one metric tonne of CO2 is emitted for every 2,500 miles driven in a passenger car.  Capturing and sequestering two million metric tonnes of CO2 can offset the CO2 emissions from up to 5 billion passenger car miles each year, equal to the annual carbon emissions from approximately 350,000 cars.

Recently, the Aemetis Carbon Capture, Inc. subsidiary was established to build carbon sequestration projects to generate LCFS and IRS 45Q credits by injecting CO2 into wells which are monitored for emissions to ensure the long-term sequestration of carbon underground. California’s Central Valley is well established as a major region for large-scale natural gas production and CO2 injection projects due to the subsurface geologic formation that retains gases.

When related to transportation fuels produced for sale in the California market, CO2 sequestered underground is estimated to generate revenue of approximately $200 per metric tonne under the California Low Carbon Fuel Standard (LCFS).  The IRS 45Q tax credit value for sequestered CO2 is approximately $50 per metric tonne.  The combined $250 per metric tonne of revenues from the capture and storage of CO2 is expected to increase significantly due to pending Congressional legislation to support CCS.

A Stanford University Center for Carbon Storage study issued in October 2020 cited ethanol plants in Central California as the most economic sites for CCS in California, comparing 61 carbon emission facilities in the state.  The other emission sources in the study that produce transportation fuels, primarily oil refineries, are the primary potential suppliers of CO2 to the Aemetis carbon storage injection wells and monitoring facilities.

The planned 52 dairies in the Aemetis Biogas project are expected to produce approximately 50,000 metric tonnes of CO2 each year.  The renewable jet/diesel plant under development is expected to produce more than 200,000 metric tonnes per year of CO2.  The remaining 1.6 million metric tonnes of annual CO2 injection capacity are expected to be filled by compressed CO2 delivered via truck or rail to the two Aemetis CCS sites from renewable diesel plants and refineries that supply fuels to the California market.

The Aemetis Carbon Zero project, the Aemetis Biogas renewable natural gas project, and energy efficiency upgrades to the Aemetis Keyes plant include $57 million of grant funding and other support from the USDA, the US Forest Service, the California Energy Commission, the California Department of Food and Agriculture, CAEFTA, and PG&E’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.

 

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 ability to commercialize and scale technology, the ability to obtain sufficiently low Carbon Intensity scores to achieve below zero transportation fuel, the development of the Aemetis Carbon Capture projects, and the ability to access the funding required to execute on plant construction and operations.  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 the Aemetis 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 and Koch Project Solutions select Worley to provide engineering for ‘Carbon Zero 1’ renewable jet and diesel production plant

CUPERTINO, CA – June 16, 2021 – 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 LinkedInTwitter 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.

Aemetis Selected to Join Russell 3000® Index on June 28th

CUPERTINO, CA – June 15, 2021 – Aemetis, Inc. (NASDAQ: AMTX) has been selected to join the broad-market Russell 3000® Index and the Russell Microcap® Index at the conclusion of the 2021 Russell indexes annual reconstitution, effective when Nasdaq trading opens on June 28, according to a preliminary list of additions posted on June 4.

The annual Russell index reconstitution identified the 4,000 largest U.S. stocks as of May 7th, ranked by total market capitalization. Membership in the U.S. all-cap Russell 3000® Index, which remains in place for one year, means automatic inclusion in the large-cap Russell 1000® Index or small-cap Russell 2000® Index, in addition to the relevant growth and value indexes. FTSE Russell determines membership for its Russell indexes primarily by objective, market-capitalization rankings and style attributes.

“The selection of Aemetis to join the Russell 3000® Index and related indexes is expected to expand the awareness among investors of our negative carbon intensity renewable fuels, such as the Dairy Renewable Natural Gas project in California,” stated Todd Waltz, the Chief Financial Officer of Aemetis, Inc.  “Our inclusion in the index will continue our current trend of increased ownership by investors with longer-term investment horizons seeking to achieve climate change and ESG investment goals.”

Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. Approximately $10.6 trillion in assets are benchmarked against Russell’s U.S. indexes. Russell indexes are part of FTSE Russell, a leading global index provider.

For more information on the Russell 3000® Index and the Russell indexes reconstitution, please see the “Russell Reconstitution” section on the FTSE Russell website.

 

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 FTSE Russell

FTSE Russell is a global index leader that provides innovative benchmarking, analytics and data solutions for investors worldwide. FTSE Russell calculates thousands of indexes that measure and benchmark markets and asset classes in more than 70 countries, covering 98% of the investable market globally.

FTSE Russell index expertise and products are used extensively by institutional and retail investors globally. Approximately $17.9 trillion is currently benchmarked to FTSE Russell indexes. For more than 30 years, leading asset owners, asset managers, ETF providers and investment banks have chosen FTSE Russell indexes to benchmark their investment performance and create ETFs, structured products and index-based derivatives.

A core set of universal principles guides FTSE Russell index design and management: a transparent rules-based methodology is informed by independent committees of leading market participants. FTSE Russell is focused on applying the highest industry standards in index design and governance and embraces the IOSCO Principles. FTSE Russell is also focused on index innovation and customer partnerships as it seeks to enhance the breadth, depth and reach of its offering.

FTSE Russell is wholly owned by the London Stock Exchange Group. For more information, please visit www.ftserussell.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 financial performance, 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.

Aemetis Signs $200 million Agreement for Low Carbon Biofuels to be Delivered in 2021-23

Low Carbon Biofuels to Be Produced from Solar, MVR, Mitsubishi Zebrex™ Membrane Dehydration System and other Technology and Energy Efficiency Upgrades to Aemetis Ethanol Plant

 

CUPERTINO, CA – June 14, 2021 – Aemetis, Inc. (NASDAQ: AMTX) signed a biofuels offtake agreement with international renewable fuels supplier Murex, LLC for an estimated $200 million of low carbon biofuels to be delivered during 2021 to 2023.

Founded 30 years ago and based in Plano, Texas, Murex is a renewable fuels terminal, marketing, logistics, and supply company with operations and assets throughout North America.  The terms of the agreement provide that the fuel and the related Low Carbon Fuel Standard and Renewable Fuel Standard Credits will be sold at a fixed discount to the market price at the time of delivery.

“By deploying exciting new technologies to significantly reduce the carbon intensity of traditional renewable fuels, Aemetis has demonstrated its expertise in the management of complex projects to meet the high standards required by California regulators and customers,” said Robert Wright, President of Murex, LLC.  “Murex is uniquely positioned to maximize the value of these low carbon fuels through our extensive railcar and terminal network, including access to markets beyond California as low carbon fuel standard regulations are adopted in other states and countries.”

“As we implement significant energy efficiency upgrades to our Keyes, California biorefinery, Aemetis is excited to partner with Murex, a world-class organization with deep expertise and global reach in the renewable fuels sector,” said Andy Foster, President of Aemetis Advanced Fuels, a wholly-owned subsidiary of Aemetis, Inc.   “By converting our Keyes plant to utilize solar and other low or below zero carbon intensity energy sources instead of high carbon intensity petroleum natural gas, we will produce lower CI renewable fuel and significantly reduce the carbon footprint of our biorefinery.  The solar microgrid with battery storage will help power the Mitsubishi ZEBREX™ Membrane Dehydration System, a mechanical vapor recompression system, and allow additional energy efficiency upgrades,” added Foster.

“Our goal is to eliminate the use of petroleum natural gas in our plant as these upgrade projects are completed over the next 12 months,” said Eric McAfee, Chairman and CEO of Aemetis.  “Once our Keyes plant is converted from utilizing petroleum natural gas to renewable electricity, coupled with negative carbon intensity dairy RNG and carbon sequestration, the plant may produce the lowest carbon intensity ethanol in the world.  The Murex team will play a key role in our strategy to expand market reach and diversification for our low carbon intensity ethanol,” noted McAfee.

The Aemetis plant upgrades are supported by $16.7 million of grants from the California Energy Commission and Pacific Gas & Electric Company.

 

About Aemetis

Headquartered in Cupertino, California, Aemetis is a renewable natural gas, renewable fuel and biochemicals company focused on the acquisition, development and commercialization of innovative technologies that replace petroleum-based products and reduce greenhouse gas emissions.  Founded in 2006, Aemetis has completed Phase 1 and is expanding a California biogas digester network and pipeline system to convert dairy waste gas into Renewable Natural Gas (RNG).  Aemetis owns and operates a 65 million gallon per year ethanol production facility in California’s Central Valley near Modesto that supplies about 80 dairies with animal feed.  Aemetis also owns and operates a 50 million gallon per year production facility on the East Coast of India producing high quality distilled biodiesel and refined glycerin for customers in India and Europe.  Aemetis is developing the Carbon Zero renewable jet and diesel fuel integrated biorefineries in California to utilize distillers corn oil and other renewable oils to produce low carbon intensity renewable jet and diesel fuel using cellulosic hydrogen from waste orchard and forest wood, while pre-extracting cellulosic sugars from the waste wood to be processed into high value cellulosic ethanol at the Keyes plant.  Aemetis holds a portfolio of patents and related technology licenses to produce renewable fuels and biochemicals.  For additional information about Aemetis, please visit www.aemetis.com.

 

Safe Harbor Statement

This news release contains forward-looking statements, including statements regarding our assumptions, projections, expectations, targets, intentions or beliefs about future events or other statements that are not historical facts. Forward-looking statements in this news release include, without limitation, statements relating to the upgrade of the ethanol biorefinery in Keyes, 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.

Aemetis Chairman/CEO Eric McAfee to Present at the Stifel Virtual Cross Sector Insight Conference on June 10, 2021

Scheduled as Expert on the “Future of Energy” Panel and Will Present Aemetis to Institutional Investors in Keynote Presentation and 1×1 Meetings

CUPERTINO, CA – June 04, 2021 – Aemetis, Inc. (NASDAQ: AMTX) announced today that Chairman and CEO Eric McAfee has accepted an invitation to present the Aemetis corporate presentation, serve on the “Future of Energy” panel, and hold one-on-one meetings with institutional investors at the Stifel Virtual Cross Sector Insight Conference on Thursday, June 10, 2021.

The “Future of Energy” panel is 9:20 am ET and the Aemetis corporate presentation is 2:40 pm ET on June 10.  Private discussions with investors are scheduled throughout the day from 9 am to 4 pm.  The conference presentation will be posted on the Investors section of the Aemetis website at http://www.aemetis.com/investors/presentation/.

The presentation will focus on -426 carbon intensity dairy renewable natural gas, renewable jet/diesel fuel using renewable oils hydrotreated with negative carbon intensity hydrogen from waste wood, and the ethanol plant efficiency upgrades that Aemetis is completing to maximize value from the California Low Carbon Fuel Standard, the federal Renewable Fuel Standard, and the IRS 45Q carbon re-use and sequestration tax credit.

McAfee’s presentation will feature underground carbon sequestration without the need for long range pipelines for the 52-dairy Aemetis Central Dairy Biogas Project, the Aemetis ethanol plant, and the Aemetis Carbon Zero 1 renewable jet and diesel plant.

The Aemetis Carbon Zero jet and diesel plant design commercializes patented technology exclusive to Aemetis for the production of renewable jet fuel and renewable diesel for aviation and commercial truck markets.  The Aemetis “Carbon Zero 1” plant has a planned capacity of 45 million gallons per year in phase I to be operational in 2023, expanding to 90 million gallons per year by 2025.  The plant is being built at the 142-acre Riverbank Industrial Complex, a former US Army ammunitions plant in Riverbank, California.

The Aemetis Central Dairy Biogas renewable natural gas project, the Aemetis Carbon Zero 1 renewable jet and diesel plant, and energy efficiency upgrades to the Aemetis Keyes ethanol plant include $56 million of grant funding and other support from the USDA, the US Forest Service, the California Energy Commission, the California Department of Food and Agriculture, and PG&E’s energy efficiency program.

 

About Aemetis

Aemetis has a mission to transform renewable energy into below zero carbon 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 immediately “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 renewable jet and diesel fuel integrated biorefineries in California to utilize distillers corn oil and other renewable oils to produce low carbon intensity renewable jet and diesel fuel using cellulosic hydrogen from waste orchard and forest wood, while pre-extracting cellulosic sugars from the waste wood to be processed into high value cellulosic ethanol at the Keyes plant.  Aemetis holds a portfolio of patents and related technology licenses to produce renewable fuels and biochemicals.  For additional information about Aemetis, please visit www.aemetis.com.

 

Safe Harbor Statement

This news release contains forward-looking statements, including statements regarding our assumptions, projections, expectations, targets, intentions or beliefs about future events or other statements that are not historical facts. Forward-looking statements in this news release include, without limitation, statements relating to the biogas project, the jet and diesel project, the upgrade of the ethanol biorefinery, 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.

 

 

Second U.S. Patent Awarded and Exclusively Licensed to Aemetis by US Dept of Energy to use Waste Forest Wood and other Biomass to Produce High Value Biofuels

Patented technology extracts sugars from waste wood using ionic liquids to enable production of high value renewable fuels

CUPERTINO, CA – May 26, 2021 – Aemetis, Inc. (NASDAQ: AMTX) announced today the grant of a second patent for technology exclusively licensed to Aemetis that enables the production of low carbon intensity renewable fuels from waste wood feedstocks.

U.S. Patent No. 2018/0346938 “High Gravity, Fed-Batch Ionic Liquid Based Process for Deconstructing Biomass” protects the use of ionic liquids to extract sugars from a wide variety of waste biomass, including forest and orchard wood.  This process is expected to provide up to a 90% reduction in feedstock cost and to increase the value of renewable fuels by significantly reducing carbon intensity.

“This recently patented ionic liquids technology was funded by the U.S. Department of Energy and the California Energy Commission during development by Sandia National Labs, the Joint Bioenergy Institute and Aemetis,” stated Goutham Vemuri, VP of Technology Development at Aemetis.  “The process enables waste wood to be used in two important ways as valuable feedstock: extracting sugar for conversion into cellulosic ethanol at our ethanol plant to generate an estimated $5 of revenue per gallon, and converting the remaining lignin into renewable hydrogen for the hydrotreatment of vegetable oils to produce low carbon intensity jet and diesel fuel.”

“Forest and orchard trees absorb CO2 along with solar energy and nutrients to grow,” stated Eric McAfee, Chairman and CEO of Aemetis. “By using waste wood and other biomass, Aemetis is expanding the range of feedstocks that can be used in the production of high value renewable fuels that work with existing jet, diesel and flex-fuel engines,” McAfee noted.

The first Aemetis Carbon Zero production plant — “Carbon Zero 1” — is scheduled for construction at the 140-acre Riverbank Industrial Complex in Central California, a former Army ammunition production facility with 710,000 square feet of existing production buildings.

The Carbon Zero 1 renewable jet and diesel plant and energy efficiency upgrades to the Aemetis ethanol plant include funding and other support from the USDA, the US Forest Service, the California Energy Commission, the California Department of Food and Agriculture, and PG&E.

 

About Aemetis

Headquartered in Cupertino, California, Aemetis is a renewable natural gas, renewable fuel and biochemicals company focused on the acquisition, development and commercialization of innovative technologies that replace petroleum-based products and reduce greenhouse gas emissions.  Founded in 2006, Aemetis has completed Phase 1 and is expanding a California biogas digester network and pipeline system to convert dairy waste gas into Renewable Natural Gas (RNG).  Aemetis owns and operates a 65 million gallon per year ethanol production facility in California’s Central Valley near Modesto that supplies about 80 dairies with animal feed.  Aemetis also owns and operates a 50 million gallon per year production facility on the East Coast of India producing high quality distilled biodiesel and refined glycerin for customers in India and Europe.  Aemetis is developing the Carbon Zero renewable jet and diesel fuel integrated biorefineries in California to utilize distillers corn oil and other renewable oils to produce low carbon intensity renewable jet and diesel fuel using cellulosic hydrogen from waste orchard and forest wood, while pre-extracting cellulosic sugars from the waste wood to be processed into high value cellulosic ethanol at the Keyes plant.  Aemetis holds a portfolio of patents and related technology licenses to produce renewable fuels and biochemicals.  For additional information about Aemetis, please visit www.aemetis.com.

 

Safe Harbor Statement

This news release contains forward-looking statements, including statements regarding our assumptions, projections, expectations, targets, intentions or beliefs about future events or other statements that are not historical facts. Forward-looking statements in this news release include, without limitation, statements relating to the enforceability of patents, the development and construction of a sugar extraction plant, the construction and operation of the jet and diesel biorefinery in Riverbank, California, our compliance with governmental programs, and the ability to access markets and funding to execute our business plan.  Words or phrases such as “anticipates,” “may,” “will,” “should,” “believes,” “estimates,” “expects,” “intends,” “plans,” “predicts,” “projects,” “showing signs,” “targets,” “view,” “will likely result,” “will continue” or similar expressions are intended to identify forward-looking statements. These forward-looking statements are based on current assumptions and predictions and are subject to numerous risks and uncertainties.  Actual results or events could differ materially from those set forth or implied by such forward-looking statements and related assumptions due to certain factors, including, without limitation, competition in the ethanol, biodiesel and other industries in which we operate, commodity market risks including those that may result from current weather conditions, financial market risks, customer adoption, counter-party risks, risks associated with changes to federal policy or regulation, and other risks detailed in our reports filed with the Securities and Exchange Commission, including our Annual Report on Form 10-K for the year ended December 31, 2020 and in our subsequent filings with the SEC. We are not obligated, and do not intend, to update any of these forward-looking statements at any time unless an update is required by applicable securities laws.