AE BIOFUELS WKN: A114CC ISIN: US00770K2024 Kürzel: AMTX Forum: Aktien Thema: Hauptdiskussion
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19. Nov, 23:20:00 Uhr,
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Kommentare 11.679
Blasi85,
11.09.2023 17:38 Uhr
5
https://www.reuters.com/business/energy/india-makes-clean-energy-push-g20-with-global-biofuel-alliance-2023-09-09/
Birgerlüning,
06.09.2023 14:02 Uhr
3
Aemetis Completes Expansion of India Biodiesel Plant One Year Ahead of Schedule, Increases Annual Production Capacity to 60 Million Gallons
Increase in capacity was internally funded by positive cash flow from India operations; Aemetis Five Year Plan targets 100 mgy capacity by year 2025
CUPERTINO, Calif. – September 6, 2023 – Aemetis, Inc. (NASDAQ: AMTX), a renewable natural gas and renewable fuels company focused on negative carbon intensity products, announced today that the company’s Universal Biofuels subsidiary has completed an expansion of its India biodiesel plant annual production capacity to 60 million gallons more than one year ahead of schedule, supplying the expanding demand for biodiesel by India government-owned Oil Marketing Companies (OMC’s).
The Aemetis Five Year Plan describes an increase from 50 million gallons per year (MGY) to 100 MGY of biodiesel production capacity at the India plant to be completed by year 2025. Additional capital projects to increase the production capacity at the Kakinada, India biodiesel plant to 80 MGY are in process for completion in the first half of 2024, also ahead of schedule.
“The market for biodiesel in India continues to expand as OMC’s increase the number of blending locations and the percentage of biofuel blended into diesel,” stated Sanjeev Gupta, President of Aemetis International. “The Kakinada plant has expanded production by completing upgrades to de-bottleneck the plant, and the next phase will add additional process equipment to increase capacity. When production capacity reaches 100 million gallons per year, the India business will be able to generate more than $500 million per year of revenues,” Gupta added.
“Aemetis continues to demonstrate our ability to design, engineer, permit, construct and operate renewable fuels production facilities, then continually improve the energy efficiency, feedstocks, and other carbon intensive components of operations to improve financial margins by reducing costs and increasing revenues,” said Eric McAfee, Chairman and CEO of Aemetis. “The US ethanol business is doing relatively well due to low feedstock and natural gas costs, and our India biodiesel business continues to perform very well while increasing production capacity without incurring debt. We see our focus on reducing the carbon intensity of our renewable fuels as an expanding competitive advantage compared to petroleum fuels.”
Built by Aemetis near the eastern India port of Kakinada in Andhra Pradesh, the Universal Biofuels plant is the largest biodiesel production facility in India. Expanded biodiesel production supports the Indian government’s goal of a 5% biodiesel blend equal to approximately 1.25 billion gallons per year which was established in the 2022 National Biofuels Policy.
Birgerlüning,
25.08.2023 14:00 Uhr
2
Aemetis Biogas Builds Revenues with First Commercial Sale of D3 RINs Generated by Dairy Renewable Natural Gas Project
Sale of D3 RINs from RNG Delivered in June 2023 Commences Ongoing Monthly Generation of RFS Revenues; LCFS credits to be generated at end of Q3 2023
CUPERTINO, Calif. – August 25, 2023 – Aemetis, Inc. (NASDAQ: AMTX), a renewable natural gas and renewable fuels company focused on negative carbon intensity products, announced today the sale of 88,883 D3 Renewable Identification Number credits (RINs), the company’s first commercial D3 RIN transaction under the federal Renewable Fuel Standard (RFS) generated by the Aemetis Biogas Central Dairy Digester Project in California. The D3 RINs were generated by the sale of dairy renewable natural gas (RNG) delivered to customers in June 2023 and begins ongoing monthly revenues from the sale of D3 RINs.
The federal D3 RINs that were sold completed an independent review to enable the sale to be entirely comprised of Qualified RINs (QRINs) that have been verified to conform with regulations and identify sourcing. Separately, the California Low Carbon Fuel Standard (LCFS) credits from Q2 2023 production are expected to be generated at the end of Q3 after a verification process has been completed.
The Aemetis Biogas Central Dairy RNG Project has signed 37 diaries to supply biogas digesters with animal waste; has built and is operating seven dairy digesters; has installed over 33 miles of biogas pipeline which is planned to be utilized for the next 30 digesters; built and is operating a centralized biogas-to-RNG production facility; and has interconnected the RNG production facility to the PG&E gas utility pipeline.
“The federal Renewable Fuel Standard has been in place since 2007, and the EPA D3 RIN mandate requires a number of D3 RINs to be delivered by obligated parties that currently is expected to exceed those available in the marketplace for 2023 through 2025,” stated Eric McAfee, Chairman and CEO of Aemetis. “The Aemetis Biogas project was developed to produce D3 cellulosic RINs to meet this expanding mandated demand, as well as LCFS credits mandated by the State of California.”
Aemetis Biogas is building anaerobic digesters at California dairies to capture biomethane from animal waste. After removal of contaminants and pressurization of gas at the dairy, a biogas pipeline connects the dairies to a centralized facility located at the Aemetis Keyes ethanol plant where the biogas is upgraded into below zero carbon intensity RNG. The RNG is then injected into the Pacific Gas and Electric (PG&E) gas pipeline for delivery to transportation fuel
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