Greater Commercial Lending secures $25M financing for Aemetis Biogas Central Dairy Digester Project

In Nevada, Greater Commercial Lending (GCL), which provides loans to businesses and organizations in under-served and rural communities, has completed $25 million in long-term financing to help develop and build dairy biogas digesters and a biogas pipeline for the Aemetis Biogas Central Dairy Digester Project located in Stanislaus County, California. The financing has been arranged as a loan guaranteed by the U.S. Department of Agriculture (USDA) through the Rural Energy for America Program (REAP).

The construction and testing of six dairy biogas digesters is scheduled for completion in Q1 2023. A biogas pipeline connects the dairies to the Aemetis Keyes ethanol plant, where the biogas is converted to a low-carbon transportation fuel. In addition to using the RNG at the Aemetis ethanol plant and planned onsite fueling station, Pacific Gas & Electric Company (PG&E) will deliver the transportation fuel via gas pipeline throughout California for sale to customers.