Aemetis “Carbon Zero” biofuels production process gets $16.8M in grants

January 24, 2021 |

In California, Aemetis, Inc.’s “Carbon Zero” biofuels production process received a total of $16.8 million of solar energy and other energy efficiency grants to fund upgrades of the Keyes, California plant to support the production of zero carbon renewable fuel.

The renewable energy and efficiency projects funded by the grants already have been launched into the design, permitting, construction and commissioning process.  The projects supported by grant funding will provide an estimated $18 million per year of increased margin, equal to about $0.75 net income per share each year.

Aemetis Carbon Zero production plants commercialize patented technology exclusive to Aemetis for agricultural and forest waste wood feedstock.  Carbon Zero plants are integrated with existing Aemetis production facilities to produce energy dense renewable fuels using renewable energy and below zero carbon intensity waste feedstocks.

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Category: Fuels

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