via NewMediaWire –
Aemetis, Inc. (NASDAQ: AMTX), a renewable
natural gas and renewable fuels company focused on negative carbon
intensity products, announced that Chairman and CEO Eric McAfee
will provide an overview of the Aemetis Dairy RNG, Aviation Fuel,
Renewable Diesel, Ethanol and Carbon Sequestration businesses at
the 27th Annual Credit Suisse Energy Summit which will be held at
the Grand Hyatt Vail in Vail, Colorado on February 28,
2022.
McAfee will present on the topic “$5 billion of New Contracts
for Aemetis Carbon Zero Renewable Fuels: Sustainable Aviation Fuel,
Renewable Diesel, Dairy RNG, Ethanol, Biodiesel, CO2
Sequestration.”
The Aemetis Carbon Zero, 90 million gallons per year, renewable
jet/diesel fuel plant is currently completing engineering and
permitting for the 125-acre Riverbank, California site.
“Aemetis has recently announced $2 billion of sustainable
aviation fuel contracts with Delta Air Lines and American Airlines,
with seven signed MOU’s for additional contracts with members of
the oneworld Alliance,” stated McAfee. “In addition, we
signed a $3.1 billion supply contract with a large travel stop
company to provide renewable diesel to California locations.”
McAfee noted, “These final, signed contracts provide 100% of the
LCFS, RFS, Blender’s Tax Credit and fuel value to Aemetis as the
producer of the renewable fuel, and the aviation fuel is being
supplied at a price premium over petroleum jet
fuel.”
Aemetis is also constructing a 52-site Dairy Renewable Natural
Gas project near Modesto, California. Phase 1 of the RNG project
with two dairy digesters and a 4 mile pipeline is completed and
operational. Phase 2 of the project is under construction,
including a biogas upgrading facility to produce RNG, a PG&E
utility gas pipeline interconnect, 15 additional dairy digesters,
and 32 miles of pipeline.
The Aemetis Biogas Central Dairy Digester project has already
obtained a negative 426 (-426) carbon intensity rating from the
California Air Resources Board (CARB) for biogas produced by Phase
I.
When fully built out, the planned 52 dairy digesters in the
Aemetis biogas project are expected to capture more than 1.4
million MMBtu of dairy methane and reduce greenhouse gas emissions
equivalent to an estimated 5.2 million metric tonnes of CO2 each
year, equal to removing the emissions from approximately 1.1
million cars per year.
The Aemetis Biogas dairy RNG project, energy efficiency upgrades
to the Aemetis Keyes biofuels plant, and the Aemetis Renewable
Jet/Diesel project include $57 million of grant funding and other
support from the US Department of Agriculture, the US Forest
Service, the California Energy Commission, the California
Department of Food and Agriculture, CAEATFA, and Pacific Gas and
Electric’s energy efficiency program.
About Aemetis
Aemetis has a mission to transform renewable energy with below
zero carbon intensity transportation fuels. Aemetis has launched
the Carbon Zero production process to decarbonize the
transportation sector using today’s infrastructure.
Aemetis Carbon Zero products include zero carbon fuels that can
“drop in” to be used in airplane, truck, and ship fleets. Aemetis
low-carbon fuels have substantially reduced carbon intensity
compared to standard petroleum fossil-based fuels across their
lifecycle.
Headquartered in Cupertino, California, Aemetis is a renewable
natural gas, renewable fuel and biochemicals company focused on the
acquisition, development and commercialization of innovative
technologies that replace petroleum-based products and reduce
greenhouse gas emissions. Founded in 2006, Aemetis has
completed Phase 1 and is expanding a California biogas digester
network and pipeline system to convert dairy waste gas into
Renewable Natural Gas. Aemetis owns and operates a 65 million
gallon per year ethanol production facility in California’s Central
Valley near Modesto that supplies about 80 dairies with animal
feed. Aemetis also owns and operates a 50 million gallon per year
production facility on the East Coast of India producing high
quality distilled biodiesel and refined glycerin for customers in
India and Europe. Aemetis is developing the Carbon Zero
sustainable aviation fuel (SAF) and renewable diesel fuel
biorefineries in California to utilize distillers corn oil and
other renewable oils to produce low carbon intensity renewable jet
and diesel fuel using cellulosic hydrogen from waste orchard and
forest wood, while pre-extracting cellulosic sugars from the waste
wood to be processed into high value cellulosic ethanol at the
Keyes plant. Aemetis holds a portfolio of patents and exclusive
technology licenses to produce renewable fuels and
biochemicals. For additional information about Aemetis,
please visit www.aemetis.com.
Safe Harbor Statement
This news release contains forward-looking statements, including
statements regarding our assumptions, projections, expectations,
targets, intentions or beliefs about future events or other
statements that are not historical facts. Forward-looking
statements in this news release include, without limitation,
statements relating to the development and construction of the
carbon sequestration facilities, biogas lagoon digesters, biogas
cleanup and compression unit, construction and operation of the
biogas pipeline, our compliance with governmental programs, and our
ability to access markets and funding to execute our business plan.
Words or phrases such as “anticipates,” “may,” “will,”
“should,” “believes,” “estimates,” “expects,” “intends,” “plans,”
“predicts,” “projects,” “showing signs,” “targets,” “view,” “will
likely result,” “will continue” or similar expressions are intended
to identify forward-looking statements. These forward-looking
statements are based on current assumptions and predictions and are
subject to numerous risks and uncertainties. Actual results
or events could differ materially from those set forth or implied
by such forward-looking statements and related assumptions due to
certain factors, including, without limitation, competition in the
ethanol, biodiesel and other industries in which we operate,
commodity market risks including those that may result from current
weather conditions, financial market risks, customer adoption,
counter-party risks, risks associated with changes to federal
policy or regulation, and other risks detailed in our reports filed
with the Securities and Exchange Commission, including our Annual
Report on Form 10-K for the year ended December 31, 2020 and in our
subsequent filings with the SEC. We are not obligated, and do not
intend, to update any of these forward-looking statements at any
time unless an update is required by applicable securities
laws.
External Investor RelationsContact:Kirin SmithPCG
Advisory Group(646) 863-6519ksmith@pcgadvisory.com
Company Investor Relations/Media Contact:Todd
Waltz(408) 213-0940investors@aemetis.com
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