Aemetis Resumes Operations at 65 MGY California Biofuel Plant After Completing Extensive Maintenance and Upgrades
25 Maio 2023 - 9:00AM
via NewMediaWire --
Aemetis, Inc. (NASDAQ:
AMTX), a renewable natural gas and renewable fuels company focused
on negative carbon intensity products, announced today the re-start
of production at the 65 million gallon per year capacity Keyes,
California ethanol plant after completing the most extensive
maintenance and system upgrades in the 12 years of facility
operations.
“The Keyes plant has a
history of high uptime and consistent production, with only one
scheduled maintenance day annually for nearly a decade. When
natural gas prices reached historic highs several months ago, we
made the strategic decision to idle operations and undertake an
extensive cleanout, repair, and system upgrade cycle to install
important technology upgrades,” said Eric McAfee, Chairman and CEO
of Aemetis, Inc. “The significant investments made at the plant
include an entirely new Allen Bradley Decision Control System (DCS)
with more than 1,100 sensor connections installed across the
facility to enhance the automation of operations and enable
Artificial Intelligence (AI) management of energy use. The DCS
system and other future mechanical upgrades will directly reduce
the carbon intensity of biofuels produced by the Keyes plant, while
reducing carbon pollution and improving local air quality in the
Central Valley.
“The system upgrades also
support the operation of the Aemetis Biogas network, including the
40-mile biogas pipeline; seven operating digesters; the central RNG
production facility and PG&E gas utility interconnection
located at the Keyes plant,” stated Andy Foster, President of
Aemetis Biogas, LLC. “These upgrades will seamlessly integrate
operation of the 30 additional dairy biogas digesters in Stanislaus
and Merced Counties that are under construction or in development
and will be connected to our pipeline for processing of biogas into
RNG injected into the utility gas pipeline for use as
transportation fuel.”
Energy efficiency, zero
carbon solar energy, electric ethanol dehydration, and DCS system
upgrades to the Aemetis Keyes biofuels plant are supported by $16.7
million of grants awarded to Aemetis by the California Energy
Commission and Pacific Gas & Electric.
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 is expanding a California dairy
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 has supplied 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 sustainable aviation fuel
(SAF) and renewable diesel fuel biorefineries in California to
utilize distillers corn oil, refined tallow and other renewable
oils to produce low carbon intensity renewable jet and diesel fuel
using renewable 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
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 re-start of
the Keyes biofuels plant, development and construction of the
Aemetis biogas project, expected greenhouse gas emission reductions
from Aemetis projects, and our ability to finance, permit, develop
and deploy technologies to produce renewable fuels and
biochemicals. 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, 2022 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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