Presentations to Institutional Investors and Stock Analysts
CUPERTINO, CA, March 12, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire -- Aemetis, Inc. (NASDAQ: AMTX) announced today that Chairman and CEO Eric McAfee will present to institutional investors and stock analysts at the Virtual 33 rdRoth Capital Conference on March 15-17, 2021.
The presentations will include the Aemetis Five Year Plan focused on negative carbon intensity renewable natural gas, renewable jet/diesel fuel produced using cellulosic hydrogen, and other low carbon intensity renewable fuels projects that Aemetis is undertaking to maximize the value of the California Low Carbon Fuel Standard, federal Renewable Fuel Standard, and IRS 45Q carbon sequestration tax credits.
McAfee's presentation will feature the Aemetis Biogas Central Dairy Project and the Aemetis Carbon Zero renewable jet and diesel fuel project, as well as the existing 65 million gallon per year ethanol plant in Keyes, California and the 50 million gallon per year capacity high grade distilled biodiesel plant in India.
The Aemetis Five Year Plan presentation is posted on the Investors section of the Aemetis website at http://www.aemetis.com/investors/presentation/ .
The Aemetis dairy Renewable Natural Gas (RNG) project has completed two digesters, a four-mile pipeline and a unit to utilize the biogas to replace petroleum natural gas in operating the Keyes ethanol plant near Modesto, CA. An additional 15 dairies and 31 miles of pipeline, as well as biogas cleanup, compression and utility pipeline interconnection units, are being built and are scheduled to be operational by Q2 2022.
The Aemetis Carbon Zero renewable jet and diesel plant design commercializes patented technology exclusive to Aemetis for the production of renewable jet and diesel fuel for aviation and commercial truck markets utilizing negative carbon intensity cellulosic hydrogen from waste orchard wood. The Aemetis "Carbon Zero 1" plant has a planned capacity of 45 million gallons per year and will be located at the 142-acre Riverbank Industrial Complex, a former US Army ammunition plant in Riverbank, California.
The renewable jet and diesel fuel produced at the Aemetis Carbon Zero plant may be used in today's airplane, truck, and ship fleets without significant changes in fueling infrastructure or engines. Aemetis recently announced a $2 billion bid process to airlines and fuel blenders for the Carbon Zero biorefinery.
The Aemetis Carbon Zero 1 renewable jet and diesel fuel plant, the Aemetis BiogasCentral Dairy renewable natural gas project, and energy efficiency upgrades to the Aemetis Keyes ethanol plant include $38 million of grant funding and other support from the USDA, the US Forest Service, the California Energy Commission, the California Department of Food and Agriculture, and PG&E's energy efficiency program.
Aemetis has a mission to transform renewable energy into below zero carbon transportation fuels. Aemetis has launched the Carbon Zero production process to decarbonize the transportation sector using today's infrastructure.
Aemetis Carbon Zero products include negative carbon intensity renewable jet and diesel fuel that can immediately "drop in" to be used in airplane, truck and ship fleets. Aemetis low carbon fuels have substantially reduced carbon intensity compared to standard petroleum fossil-based fuels across their lifecycle.
Headquartered in Cupertino, California, Aemetis is a renewable natural gas, renewable fuel and bioproducts company focused on the acquisition, development and commercialization of innovative technologies that replace traditional petroleum-based products and reduce greenhouse gas emissions. Founded 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). Aemetis owns and operates a 65 million gallon per year ethanol production facility in California's Central Valley near Modesto that supplies about 80 dairies with animal feed. Aemetis 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. Aemetis is developing the Carbon Zero renewable jet and diesel fuel integrated biorefinery 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. Aemetis holds a portfolio of patents and related technology licenses for the production of renewable fuels and bioproducts. For additional information about Aemetis, please visit www.aemetis.com .
Safe Harbor Statement
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 our ability to commercialize and scale the licensed patented technology, the ability to obtain sufficiently low Carbon Intensity scores to achieve below zero transportation fuel, the development of the Aemetis Biogas Central Dairy Project, the development of the Aemetis Carbon Zero plants, and the ability to access the funding required to execute on plant construction and operations. Words or phrases such as "anticipates," "may," "will," "should," "believes," "estimates," "expects," "intends," "plans," "predicts," "projects," "showing signs," "targets," "will likely result," "will continue," "enable" 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. 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 "SEC"), including the Aemetis 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.
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