{"id":385877,"date":"2020-11-20T07:33:08","date_gmt":"2020-11-20T12:33:08","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=385877"},"modified":"2020-11-20T07:33:08","modified_gmt":"2020-11-20T12:33:08","slug":"aemetis-biogas-awarded-7-8-million-in-cdfa-grants-for-phase-2-rng-dairy-digester-project","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/aemetis-biogas-awarded-7-8-million-in-cdfa-grants-for-phase-2-rng-dairy-digester-project\/","title":{"rendered":"Aemetis Biogas Awarded $7.8 Million in CDFA Grants for Phase 2 RNG Dairy Digester Project"},"content":{"rendered":"
\n

CUPERTINO, CA, Nov. 20, 2020 (GLOBE NEWSWIRE) — via NewMediaWire<\/u><\/a> — Aemetis, Inc. <\/strong>(NASDAQ: AMTX) announced today that its wholly-owned subsidiary, Aemetis Biogas LLC, has been awarded $7.8 million in matching grants through the 2020 California Department of Food and Agriculture (CDFA) Dairy Digester Research and Development Program (DDRDP).\u00a0 Aemetis Biogas was awarded approximately 50% of the total projects awarded in the 2020 DDRDP grant cycle.\u00a0 The DDRDP provides financial assistance for the installation of dairy digesters in California, which will result in reduced greenhouse gas emissions through the production of renewable natural gas (RNG) for transportation fuel.\u00a0 Aemetis was previously awarded $3.1 million through the 2018 DDRDP grant cycle, and successfully completed two digesters and four miles of private pipeline as phase one of its 18 dairy digester cluster.<\/p>\n

\u201cWe\u2019re grateful to the CDFA for their strong demonstration of confidence in our 18 dairy RNG dairy digester project,\u201d said Eric McAfee, Chairman and CEO of Aemetis. \u201cAfter completing phase one of our project in just over one year, we\u2019re poised to quickly accelerate the construction and operation of 16 additional digesters and 25 miles of private pipeline by mid-2022.\u00a0 The combined project will annually displace approximately 6.9 million gallons of petroleum-based diesel fuel, eliminate approximately 2.6 million metric tons of CO2 equivalents, and create over 100 project related jobs in California\u2019s Central Valley,\u201d added McAfee.<\/p>\n

In December 2020, Aemetis will begin construction of its biogas upgrading facility that will allow the company to inject RNG into PG&E\u2019s natural gas pipeline by the end of the first quarter of 2021.\u00a0 The company expects to offer truck fleet fueling of R-CNG at the Aemetis Advanced Fuels Keyes ethanol biorefinery in the second quarter of 2021.\u00a0 For more information about the CDFA DDRDP, go to https:\/\/www.cdfa.ca.gov\/oefi\/ddrdp\/<\/u><\/a>.<\/p>\n

\n About Aemetis<\/strong>\n <\/p>\n

Headquartered in Cupertino, California, Aemetis is an advanced renewable fuel and biochemicals company focused on the acquisition, development and commercialization of innovative technologies that replace traditional petroleum-based products by the conversion of ethanol and biodiesel plants into advanced biorefineries. Founded in 2006, Aemetis owns and operates a 65 million gallon per year ethanol production facility in California\u2019s Central Valley near Modesto. Aemetis also owns and operates a 50 million gallon per year renewable chemical and advanced fuel production facility on the East Coast of India producing high quality distilled biodiesel and refined glycerin for customers in India and Europe.\u00a0 Aemetis is building a biogas anaerobic digester network and pipeline to convert dairy animal waste gas to Renewable Natural Gas (RNG) and is developing a plant to convert waste orchard wood into cellulosic ethanol.\u00a0 Aemetis holds a portfolio of patents and related technology licenses for the production of renewable fuels and biochemicals.\u00a0 For additional information about Aemetis, please visit www.<\/u>aemetis.com<\/u><\/a>.<\/p>\n

\n Safe Harbor Statement <\/strong>\n <\/p>\n

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 dairy digester and pipeline project in Central California,\u00a0 and the ability to access markets and funding to execute our biogas business plan. Words or phrases such as \u201canticipates,\u201d \u201cmay,\u201d \u201cwill,\u201d \u201cshould,\u201d \u201cbelieves,\u201d \u201cestimates,\u201d \u201cexpects,\u201d \u201cintends,\u201d \u201cplans,\u201d \u201cpredicts,\u201d \u201cprojects,\u201d \u201cshowing signs,\u201d \u201ctargets,\u201d \u201cwill likely result,\u201d \u201cwill continue\u201d, \u201cenable\u201d 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.\u00a0 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 \u201cSEC\u201d), including our Annual Report on Form 10-K for the year ended December 31, 2019, 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.<\/p>\n

\n External Investor Relations<\/strong>
\n
\n Contact:<\/strong>
\n
Kirin Smith
PCG Advisory Group
(646) 863-6519
ksmith@pcgadvisory.com<\/u><\/a><\/p>\n

\n Company Investor Relations\/<\/strong>
\n
\n Media Contact:<\/strong>
\n
Todd Waltz
\u00a0(408) 213-0940
investors@aemetis.com<\/u><\/a><\/p>\n


\n
\n \n <\/div>\n

<\/div>\n","protected":false},"excerpt":{"rendered":"

CUPERTINO, CA, Nov. 20, 2020 (GLOBE NEWSWIRE) — via NewMediaWire — Aemetis, Inc. (NASDAQ: AMTX) announced today that its wholly-owned subsidiary, Aemetis Biogas LLC, has been awarded $7.8 million in matching grants through the 2020 California Department of Food and Agriculture (CDFA) Dairy Digester Research and Development Program (DDRDP).\u00a0 Aemetis Biogas was awarded approximately 50% of the total projects awarded in the 2020 DDRDP grant cycle.\u00a0 The DDRDP provides financial assistance for the installation of dairy digesters in California, which will result in reduced greenhouse gas emissions through the production of renewable natural gas (RNG) for transportation fuel.\u00a0 Aemetis was previously awarded $3.1 million through the 2018 DDRDP grant cycle, and successfully completed two digesters and four miles of private … <\/p>\n

Continue reading “Aemetis Biogas Awarded $7.8 Million in CDFA Grants for Phase 2 RNG Dairy Digester Project”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-385877","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nAemetis Biogas Awarded $7.8 Million in CDFA Grants for Phase 2 RNG Dairy Digester Project - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/aemetis-biogas-awarded-7-8-million-in-cdfa-grants-for-phase-2-rng-dairy-digester-project\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Aemetis Biogas Awarded $7.8 Million in CDFA Grants for Phase 2 RNG Dairy Digester Project - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"CUPERTINO, CA, Nov. 20, 2020 (GLOBE NEWSWIRE) — via NewMediaWire — Aemetis, Inc. 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