{"id":469545,"date":"2021-04-01T08:03:26","date_gmt":"2021-04-01T12:03:26","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=469545"},"modified":"2021-04-01T08:03:26","modified_gmt":"2021-04-01T12:03:26","slug":"aemetis-establishes-carbon-capture-subsidiary-for-co2-sequestration-to-further-reduce-the-carbon-intensity-of-dairy-rng-and-renewable-fuels","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/aemetis-establishes-carbon-capture-subsidiary-for-co2-sequestration-to-further-reduce-the-carbon-intensity-of-dairy-rng-and-renewable-fuels\/","title":{"rendered":"Aemetis Establishes Carbon Capture Subsidiary for CO2 Sequestration to Further Reduce the Carbon Intensity of Dairy RNG and Renewable Fuels"},"content":{"rendered":"
\n

\n \n <\/p>\n

\n California Central Valley is an Established CO2<\/sub>Injection Region Supporting Carbon Sequestration Projects for Aemetis Dairy RNG Projects, Ethanol Plant, and Renewable Jet\/Diesel Plant Under Development<\/em>\n <\/p>\n

\n CUPERTINO, CA, April 01, 2021 (GLOBE NEWSWIRE) — via NewMediaWire<\/u>\u00a0— Aemetis, Inc.\u00a0<\/strong>(NASDAQ: AMTX), a renewable natural gas and renewable fuels company focused on negative carbon intensity products, announced today that the company\u2019s board of directors has approved the establishment of a new subsidiary named Aemetis Carbon Capture, Inc.\u00a0California\u2019s Central Valley is well established as a major region for large-scale CO2<\/sub>injection projects due to the geologic formation of subsurface shale caprock that safely contains and retains gases.<\/p>\n

The company\u2019s carbon capture business unit will initially capture, dehydrate, compress, and sequester CO2<\/sub>from Aemetis Biogas anaerobic dairy digester projects to further reduce the carbon intensity (CI) of its dairy biogas, which was recently certified by CARB as negative 426 (-426) for a Fuel Pathway established by Aemetis utilizing biogas from the company\u2019s first two operating dairy lagoon anaerobic digesters for the production of renewable fuel. Currently, the -426\u00a0Aemetis dairy biogas carbon intensity score does not include the value of CO2\u00a0<\/sub>Carbon Capture & Sequestration (CCS).<\/p>\n

The planned 52 dairies in the Aemetis Biogas projects are expected to produce approximately 1.4 million MMBtu\u2019s of dairy Renewable Natural Gas and about 50,000 metric tonnes of CO2<\/sub>each year.\u00a0\u00a0The Aemetis ethanol plant currently produces approximately 150,000 metric tonnes of CO2<\/sub>per year, and the renewable jet\/diesel plant under development is expected to produce 160,000 tonnes per year of CO2<\/sub>.\u00a0\u00a0<\/p>\n

When related to transportation fuels production, CO2<\/sub>sequestered underground is estimated to generate approximately $200 per metric tonne under the California Low Carbon Fuel Standard (LCFS).\u00a0\u00a0The IRS 45Q tax credit value for sequestered CO2<\/sub>is approximately $50 per tonne.\u00a0\u00a0<\/p>\n

According to the EPA, approximately one metric tonne of CO2<\/sub>is emitted for every 2,500 miles driven in a passenger car.\u00a0Capturing and sequestering the annual CO2<\/sub>from biogas generated by 52 dairies can offset the CO2<\/sub>emissions from up to 125,000,000 passenger car miles.\u00a0<\/p>\n

\u201cSignificant new legislation has been introduced in Congress to support the existing California LCFS and IRS 45Q carbon intensity reduction programs with additional carbon sequestration grants, investment tax credits, and other support,\u201d said Eric McAfee, Chairman and CEO of Aemetis, Inc.\u00a0\u00a0\u201cThe formation of\u00a0Aemetis Carbon Capture, Inc.is a key milestone in achieving a significant increase in the value of RNG by adding Carbon Capture & Sequestration to reduce the carbon intensity of the RNG produced from\u00a0dairies.\u00a0\u00a0The Aemetis Biogas projects with carbon sequestration by Aemetis Carbon Capture provide dairies with a compelling opportunity to avoid liability for methane emissions under the LCFS program.\u00a0\u00a0Over the next five years, Aemetis plans to invest more than $300 million into dairy RNG and CCS projects that are already operating or in development,\u201d added McAfee.\u00a0<\/p>\n

The Aemetis Biogas Central Dairy Digester Project\u00a0is a collection of dairy digesters and a 36-mile pipeline with gas cleanup and compression that are built, owned, and operated by Aemetis Biogas LLC.\u00a0\u00a0The project produces renewable methane gas which is converted to negative carbon intensity RNG for transportation use to displace petroleum diesel fuel.\u00a0\u00a0An estimated 25% of total methane emissions in California is produced by dairy waste lagoons.\u00a0<\/p>\n

In September 2020,\u00a0Aemetis Biogas LLCcompleted two dairy digesters and four miles of private biogas pipeline, which is already powering the production of low carbon biofuels at the Aemetis ethanol plant in Keyes, California.\u00a0\u00a0A 32-mile Aemetis pipeline extension recently received CEQA permit approval to carry biogas from dairies in Stanislaus and Merced counties to the Keyes plant for biogas cleanup and conversion to RNG for sale as transportation fuel.\u00a0\u00a0<\/p>\n

The company plans to begin construction of the next five dairy digesters and the additional 32 miles of biogas pipeline in the second quarter of 2021, with five more dairy digesters set to begin construction in the third quarter of 2021 and five digesters beginning in the first quarter of 2022, for a planned total of 17 dairy digesters and a 36-mile biogas pipeline in operation by the second quarter of 2022.\u00a0\u00a0<\/p>\n

The common membership units of Aemetis Biogas LLC are wholly owned by Aemetis, Inc.\u00a0<\/p>\n

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

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\u00a0that replace petroleum-based products and reduce greenhouse gas emissions.\u00a0\u00a0Founded 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).\u00a0\u00a0Aemetis owns and operates a 65 million gallon per year ethanol production facility in California\u2019s Central Valley near Modesto that supplies about 80 dairies with animal feed.\u00a0\u00a0Aemetis 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.\u00a0\u00a0Aemetis is developing the Carbon Zero renewable jet and diesel fuel integrated biorefineries in California to utilize distillers corn oil from ethanol plants to produce low carbon intensity renewable jet and diesel fuel using cellulosic hydrogen from waste orchard wood and other negative carbon intensity biomass, and pre-extract cellulosic sugars from the waste biomass to be processed into high value cellulosic ethanol at the Keyes plant.\u00a0\u00a0Aemetis holds a portfolio of patents and related technology licenses to produce renewable fuels and biochemicals.\u00a0\u00a0For additional information about Aemetis, please visit\u00a0www.<\/u>aemetis.com<\/u><\/a>.<\/p>\n

\n Safe Harbor Statement\u00a0<\/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, 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. \u00a0Words 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 \u201cview,\u201d \u201cwill likely result,\u201d \u201cwill continue\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\u00a0Actual 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.<\/p>\n

\n External Investor Relations Contact:<\/strong>
\n
Kirin Smith
PCG Advisory Group
(646)\u00a0863-6519
ksmith@pcgadvisory.com<\/a><\/p>\n

\n Company Contact:<\/strong>
\n
Todd Waltz
Chief Financial Officer
(408) 213-0925
twaltz@aemetis.com<\/a><\/u><\/p>\n


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

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

California Central Valley is an Established CO2Injection Region Supporting Carbon Sequestration Projects for Aemetis Dairy RNG Projects, Ethanol Plant, and Renewable Jet\/Diesel Plant Under Development CUPERTINO, CA, April 01, 2021 (GLOBE NEWSWIRE) — via NewMediaWire\u00a0— Aemetis, Inc.\u00a0(NASDAQ: AMTX), a renewable natural gas and renewable fuels company focused on negative carbon intensity products, announced today that the company\u2019s board of directors has approved the establishment of a new subsidiary named Aemetis Carbon Capture, Inc.\u00a0California\u2019s Central Valley is well established as a major region for large-scale CO2injection projects due to the geologic formation of subsurface shale caprock that safely contains and retains gases. The company\u2019s carbon capture business unit will initially capture, dehydrate, compress, and sequester CO2from Aemetis Biogas anaerobic dairy digester … <\/p>\n

Continue reading “Aemetis Establishes Carbon Capture Subsidiary for CO2 Sequestration to Further Reduce the Carbon Intensity of Dairy RNG and Renewable Fuels”<\/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-469545","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nAemetis Establishes Carbon Capture Subsidiary for CO2 Sequestration to Further Reduce the Carbon Intensity of Dairy RNG and Renewable Fuels - 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-establishes-carbon-capture-subsidiary-for-co2-sequestration-to-further-reduce-the-carbon-intensity-of-dairy-rng-and-renewable-fuels\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Aemetis Establishes Carbon Capture Subsidiary for CO2 Sequestration to Further Reduce the Carbon Intensity of Dairy RNG and Renewable Fuels - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"California Central Valley is an Established CO2Injection Region Supporting Carbon Sequestration Projects for Aemetis Dairy RNG Projects, Ethanol Plant, and Renewable Jet\/Diesel Plant Under Development CUPERTINO, CA, April 01, 2021 (GLOBE NEWSWIRE) — via NewMediaWire\u00a0— Aemetis, Inc.\u00a0(NASDAQ: AMTX), a renewable natural gas and renewable fuels company focused on negative carbon intensity products, announced today that the company\u2019s board of directors has approved the establishment of a new subsidiary named Aemetis Carbon Capture, Inc.\u00a0California\u2019s Central Valley is well established as a major region for large-scale CO2injection projects due to the geologic formation of subsurface shale caprock that safely contains and retains gases. The company\u2019s carbon capture business unit will initially capture, dehydrate, compress, and sequester CO2from Aemetis Biogas anaerobic dairy digester … Continue reading "Aemetis Establishes Carbon Capture Subsidiary for CO2 Sequestration to Further Reduce the Carbon Intensity of Dairy RNG and Renewable Fuels"\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/aemetis-establishes-carbon-capture-subsidiary-for-co2-sequestration-to-further-reduce-the-carbon-intensity-of-dairy-rng-and-renewable-fuels\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-04-01T12:03:26+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODIxMDI0NiM0MTAyNDU4IzUwMDA0NzQ1MQ==\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"6 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/aemetis-establishes-carbon-capture-subsidiary-for-co2-sequestration-to-further-reduce-the-carbon-intensity-of-dairy-rng-and-renewable-fuels\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/aemetis-establishes-carbon-capture-subsidiary-for-co2-sequestration-to-further-reduce-the-carbon-intensity-of-dairy-rng-and-renewable-fuels\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Aemetis Establishes Carbon Capture Subsidiary for CO2 Sequestration to Further Reduce the Carbon Intensity of Dairy RNG and Renewable Fuels\",\"datePublished\":\"2021-04-01T12:03:26+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/aemetis-establishes-carbon-capture-subsidiary-for-co2-sequestration-to-further-reduce-the-carbon-intensity-of-dairy-rng-and-renewable-fuels\\\/\"},\"wordCount\":1224,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/aemetis-establishes-carbon-capture-subsidiary-for-co2-sequestration-to-further-reduce-the-carbon-intensity-of-dairy-rng-and-renewable-fuels\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=ODIxMDI0NiM0MTAyNDU4IzUwMDA0NzQ1MQ==\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/aemetis-establishes-carbon-capture-subsidiary-for-co2-sequestration-to-further-reduce-the-carbon-intensity-of-dairy-rng-and-renewable-fuels\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/aemetis-establishes-carbon-capture-subsidiary-for-co2-sequestration-to-further-reduce-the-carbon-intensity-of-dairy-rng-and-renewable-fuels\\\/\",\"name\":\"Aemetis Establishes Carbon Capture Subsidiary for CO2 Sequestration to Further Reduce the Carbon Intensity of Dairy RNG and Renewable Fuels - 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Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/aemetis-establishes-carbon-capture-subsidiary-for-co2-sequestration-to-further-reduce-the-carbon-intensity-of-dairy-rng-and-renewable-fuels\/","og_locale":"en_US","og_type":"article","og_title":"Aemetis Establishes Carbon Capture Subsidiary for CO2 Sequestration to Further Reduce the Carbon Intensity of Dairy RNG and Renewable Fuels - Market Newsdesk","og_description":"California Central Valley is an Established CO2Injection Region Supporting Carbon Sequestration Projects for Aemetis Dairy RNG Projects, Ethanol Plant, and Renewable Jet\/Diesel Plant Under Development CUPERTINO, CA, April 01, 2021 (GLOBE NEWSWIRE) — via NewMediaWire\u00a0— Aemetis, Inc.\u00a0(NASDAQ: AMTX), a renewable natural gas and renewable fuels company focused on negative carbon intensity products, announced today that the company\u2019s board of directors has approved the establishment of a new subsidiary named Aemetis Carbon Capture, Inc.\u00a0California\u2019s Central Valley is well established as a major region for large-scale CO2injection projects due to the geologic formation of subsurface shale caprock that safely contains and retains gases. The company\u2019s carbon capture business unit will initially capture, dehydrate, compress, and sequester CO2from Aemetis Biogas anaerobic dairy digester … Continue reading \"Aemetis Establishes Carbon Capture Subsidiary for CO2 Sequestration to Further Reduce the Carbon Intensity of Dairy RNG and Renewable Fuels\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/aemetis-establishes-carbon-capture-subsidiary-for-co2-sequestration-to-further-reduce-the-carbon-intensity-of-dairy-rng-and-renewable-fuels\/","og_site_name":"Market Newsdesk","article_published_time":"2021-04-01T12:03:26+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODIxMDI0NiM0MTAyNDU4IzUwMDA0NzQ1MQ==","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"6 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/aemetis-establishes-carbon-capture-subsidiary-for-co2-sequestration-to-further-reduce-the-carbon-intensity-of-dairy-rng-and-renewable-fuels\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/aemetis-establishes-carbon-capture-subsidiary-for-co2-sequestration-to-further-reduce-the-carbon-intensity-of-dairy-rng-and-renewable-fuels\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Aemetis Establishes Carbon Capture Subsidiary for CO2 Sequestration to Further Reduce the Carbon Intensity of Dairy RNG and Renewable Fuels","datePublished":"2021-04-01T12:03:26+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/aemetis-establishes-carbon-capture-subsidiary-for-co2-sequestration-to-further-reduce-the-carbon-intensity-of-dairy-rng-and-renewable-fuels\/"},"wordCount":1224,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/aemetis-establishes-carbon-capture-subsidiary-for-co2-sequestration-to-further-reduce-the-carbon-intensity-of-dairy-rng-and-renewable-fuels\/#primaryimage"},"thumbnailUrl":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODIxMDI0NiM0MTAyNDU4IzUwMDA0NzQ1MQ==","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/aemetis-establishes-carbon-capture-subsidiary-for-co2-sequestration-to-further-reduce-the-carbon-intensity-of-dairy-rng-and-renewable-fuels\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/aemetis-establishes-carbon-capture-subsidiary-for-co2-sequestration-to-further-reduce-the-carbon-intensity-of-dairy-rng-and-renewable-fuels\/","name":"Aemetis Establishes Carbon Capture Subsidiary for CO2 Sequestration to Further Reduce the Carbon Intensity of Dairy RNG and Renewable Fuels - 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