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 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 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 Begins Construction of Centralized Biogas Cleanup Unit to Produce Renewable Natural Gas

Engineering, permitting and equipment procurement completed, and construction underway at Keyes, California site

CUPERTINO, Calif. – May 19, 2021 – Aemetis, Inc. (NASDAQ: AMTX), a renewable natural gas and renewable fuels company focused on negative carbon intensity products, announced today that its Aemetis Biogas subsidiary reached a significant milestone by starting construction of the dairy biogas cleanup and compression unit for the Aemetis Biogas Central Dairy Digester Project.  The biogas cleanup unit will produce Renewable Natural Gas that meets utility gas pipeline standards and will be utilized as transportation fuel.

This week, construction crews began site preparation and excavation, after which they will pour the cement foundation and then install and connect process equipment.  The biogas cleanup unit will be co-located at the Aemetis advanced ethanol plant in Keyes, California, and will be directly connected to the PG&E natural gas pipeline. The company plans to build 32 additional miles of biogas pipeline that will connect over 30 dairies to the gas cleanup unit and utility pipeline.

“The $12 million biogas cleanup and compression unit is scheduled to be operational by Q4 2021 to generate utility pipeline quality Renewable Natural Gas,” stated Andy Foster, President of Aemetis Biogas.  “Since September 2020, the first two dairies in the Aemetis Biogas Central Dairy Digester Project have been operating, supplying biogas via a four-mile Aemetis-owned pipeline that is processed through a boiler system to produce heat and power for the Keyes ethanol plant.  The new biogas cleanup and compression unit will allow us to supply fuel for trucks and other natural gas vehicles throughout California by injecting RNG into the utility gas pipeline, and via an onsite RNG fueling station being built at the Aemetis Keyes plant.”

“Beginning construction of the biogas cleanup and compression unit is a significant milestone that will process the biogas delivered by the recently permitted 35-mile biogas pipeline,” said Eric McAfee, Chairman and CEO of Aemetis.  “The negative carbon intensity RNG to be produced by the biogas cleanup unit is scheduled to fuel trucks that deliver animal feed products from our ethanol plant to about 80 local diaries, and biofuel throughout California.  Our ability to fuel trucks with -426 carbon intensity RNG is a sustainable operating advantage for dairies and other members of the Aemetis network.”

In addition to the two operating dairies, the next phase of the Aemetis Biogas Central Dairy Project is scheduled to complete an additional 15 dairy digesters and 32 miles of pressurized biogas pipeline by the end of Q2 2022, generating an estimated 440,000 MMBtu per year of biogas.

 

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 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.