Injection of GNR into utility pipeline scheduled for early May after completion of PG&E interconnect testing
CUPERTINO, Calif., April 25, 2022 (GLOBE NEWSWIRE) — via NewMediaWire — Aemetis, Inc. (NASDAQ: AMTX), a renewable natural gas (RNG) and renewable fuels company specializing in carbon-negative products, announced that its subsidiary Aemetis Biogas is ready to launch phase 2 of biogas production by completing the construction of its 3rd dairy digester and by successfully testing the 7-mile section of biogas pipeline to be used by the next 5 dairy digesters in phase 2 of the Aemetis Biogas Central Dairy project.
Testing was recently completed for the $12 million dairy-to-RNG biogas upgrading and compression facility which is co-located at the Aemetis Advanced Fuels Keyes Ethanol Plant near Modesto, California, and at side of the natural gas pipeline. The PG&E Gas Pipeline Interconnect Unit has been built and is currently being tested by PG&E. Conversion of biogas to RNG and injection of RNG into the PG&E pipeline is planned for early May 2022, once PG&E completes testing.
“Completing the construction and filling of the first dairy digester in Phase 2 of the Aemetis Biogas Central Dairy project is a major milestone in our May RNG production schedule for delivery of gas into storage as we complete the CARB pathway approval process for generating LCFS credits. said Eric McAfee, CEO of Aemetis. “In addition to the three completed dairy digesters and over 16 miles of biogas pipeline we have built, Aemetis is under construction or final engineering to add the next 10 dairy digesters to our network to meet the growing demand for products. low-cost, low-emission, carbon-negative RNG to replace petroleum diesel in trucks, buses and other heavy-duty transport vehicles.
When fully constructed, the more than 60 dairies planned under the estimated $380 million Aemetis biogas project are expected to capture more than 1.6 million MMBtu of dairy methane and reduce greenhouse gas emissions equivalent to approximately 5 million metric tons of CO2 each year, the equivalent of removing CO2 emissions from more than one million cars per year.
Aemetis is on a mission to transform renewable energy with sub-zero carbon intensity transportation fuels. Aemetis initiated the Carbon Zero production process to decarbonize the transportation sector using today’s infrastructure.
Aemetis Carbon Zero products include carbon-free fuels that can be “introduced” for use in aircraft, truck and ship fleets. Aemetis’ low carbon fuels have a significantly reduced carbon intensity compared to standard petroleum-based fossil fuels throughout their life cycle.
Based in Cupertino, California, Aemetis is a renewable natural gas, renewable fuel and biochemicals company focused on acquiring, developing and commercializing innovative technologies that replace petroleum-based products and reduce emissions of greenhouse gas. Founded in 2006, Aemetis has completed Phase 1 and is developing a network of biogas digesters and a pipeline system in California 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 approximately 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 glycerine for customers in India and Europe. Aemetis is developing carbon-free sustainable aviation fuel (SAF) and renewable diesel fuel biorefineries in California to use distillery corn oil and other renewable oils to produce low-carbon renewable diesel and jet fuel. carbon by using cellulosic hydrogen from orchard and forest lumber waste, while pre-extracting cellulosic sugars from wood waste for processing 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 more information about Aemetis, please visit www.aemetis.com.
Safe Harbor Statement
This press release contains forward-looking statements, including statements regarding our assumptions, projections, expectations, targets, intentions or beliefs regarding future events or other statements that are not historical facts. Forward-looking statements in this press release include, but are not limited to, statements relating to the development and construction of the biogas upgrading and compression facility, the construction and operation of the biogas pipeline , the construction of dairy digesters, our compliance with government programs and our ability to access markets and financing to execute our business plan. Words or phrases such as “plans”, “may”, “shall”, “should”, “believes”, “estimates”, “plans”, “intends”, “plans”, “predicts” , “projects”, “showing signs”, “targets”, “see”, “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 forecasts 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 arise from current weather conditions, financial market risks, customer adoption, counterparty risks, risks associated with changes in 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 2021 and in our subsequent filings with the SEC. We are under no obligation and do not intend to update these forward-looking statements at any time, unless an update is required by applicable securities laws.
Relations with external investors
PCG Advisory Group
Corporate Investor Relations