Aemetis secures $158 million USDA loan guarantee for 2G ethanol plant

In California, Aemetis has secured the $158 million loan guarantee from the USDA it has been seeking to help fund its proposed cellulosic ethanol after passing the last of the required hurdles in early March. The plant will use orchard wood waste as feedstock and could open as soon as 2019. As a result of the news, shares of the company jumped more than 9%. Low carbon fuels benefit from additional credits that help to make advanced biofuels viable in the market.