Aemetis Biogas Completes Initial Construction Phase of Multi-Dairy Digester
Aemetis, Inc. (NASDAQ: AMTX) has announced the completion of initial construction for a multi-dairy anaerobic digester in Merced County, California. This digester, designed to process waste from approximately 14,000 dairy cows across four nearby dairies, is expected to begin operations by year-end 2024. It's projected to produce over 200,000 MMBtu per year of renewable natural gas (RNG).
The project is connected to Aemetis' 36-mile biogas pipeline. Currently, Aemetis generates biogas from ten dairies, producing about 300,000 MMBtu per year of RNG. With the completion of this multi-dairy digester and two others, production is expected to increase to approximately 550,000 MMBtu of RNG per year from 16 dairies.
Aemetis Biogas has agreements with 48 dairies and plans to add 27 more. When fully operational, the Aemetis Biogas Central Dairy Project is anticipated to generate over 1.6 million MMBtu per year of RNG and annual revenues of $250 million.
Aemetis, Inc. (NASDAQ: AMTX) ha annunciato il completamento della costruzione iniziale di un digestore anaerobico multi-latteria nella Contea di Merced, California. Questo digestore, progettato per trattare i rifiuti di circa 14.000 mucche da latte provenienti da quattro latterie vicine, dovrebbe iniziare le operazioni entro la fine del 2024. Si prevede che produca oltre 200.000 MMBtu all'anno di gas naturale rinnovabile (RNG).
Il progetto è collegato al gasdotto di biogas di Aemetis lungo 36 miglia. Attualmente, Aemetis genera biogas da dieci latterie, producendo circa 300.000 MMBtu all'anno di RNG. Con il completamento di questo digestore multi-latteria e di altri due, si prevede che la produzione aumenti a circa 550.000 MMBtu di RNG all'anno provenienti da 16 latterie.
Aemetis Biogas ha accordi con 48 latterie e prevede di aggiungerne 27 ulteriori. Quando sarà completamente operativo, il Progetto Centrale per Latterie di Aemetis Biogas dovrebbe generare oltre 1,6 milioni di MMBtu all'anno di RNG e entrate annuali di 250 milioni di dollari.
Aemetis, Inc. (NASDAQ: AMTX) ha anunciado la finalización de la construcción inicial de un digestor anaerobio multi-lechera en el condado de Merced, California. Se espera que este digestor, diseñado para procesar desechos de aproximadamente 14,000 vacas lecheras de cuatro lecherías cercanas, comience a operar para fin de año 2024. Se proyecta que produzca más de 200,000 MMBtu al año de gas natural renovable (RNG).
El proyecto está conectado al gasoducto de biogas de Aemetis de 36 millas. Actualmente, Aemetis genera biogas de diez lecherías, produciendo alrededor de 300,000 MMBtu al año de RNG. Con la finalización de este digestor multi-lechera y otros dos, se espera que la producción aumente a aproximadamente 550,000 MMBtu de RNG al año de 16 lecherías.
Aemetis Biogas tiene acuerdos con 48 lecherías y planea agregar 27 más. Cuando esté completamente operativo, se anticipa que el Proyecto Central de Lácteos de Aemetis Biogas genere más de 1.6 millones de MMBtu al año de RNG y ingresos anuales de 250 millones de dólares.
Aemetis, Inc. (NASDAQ: AMTX)는 캘리포니아 머세드 카운티에 있는 다중 유제품 혐기성 소화조의 초기 건설 완료를 발표했습니다. 이 소화조는 인근 4개의 유제품 농장에서 약 14,000마리의 젖소로부터 발생하는 폐기물을 처리하도록 설계되었으며, 2024년 연말까지 운영을 시작할 것으로 예상됩니다. 연간 20만 MMBtu 이상의 재생 가능한 천연가스(RNG)를 생산할 것으로 예상됩니다.
이 프로젝트는 Aemetis의 36마일 길이의 바이오가스 파이프라인과 연결되어 있습니다. 현재 Aemetis는 10개의 유제품 농장에서 바이오가스를 생성하고 있으며, 연간 약 30만 MMBtu의 RNG를 생산하고 있습니다. 이 다중 유제품 소화조와 다른 두 개의 소화조가 완공되면, 16개 유제품 농장에서 생산량이 약 55만 MMBtu의 RNG로 증가할 것으로 예상됩니다.
Aemetis 바이오가스는 48개 유제품 농장과 계약을 체결했으며, 27개 농장을 추가할 계획입니다. 완전히 가동되면 Aemetis 바이오가스 중앙 유제품 프로젝트는 연간 160만 MMBtu 이상의 RNG와 2억 5천만 달러의 연간 수익을 창출할 것으로 예상됩니다.
Aemetis, Inc. (NASDAQ: AMTX) a annoncé l'achèvement de la construction initiale d'un digesteur anaérobie multi-lait dans le comté de Merced, en Californie. Ce digesteur, conçu pour traiter les déchets d'environ 14 000 vaches laitières provenant de quatre laiteries voisines, devrait commencer à fonctionner d'ici fin 2024. On prévoit qu'il produira plus de 200 000 MMBtu par an de gaz naturel renouvelable (RNG).
Le projet est relié au pipeline de biogaz de 36 miles d'Aemetis. À l'heure actuelle, Aemetis génère du biogas à partir de dix laiteries, produisant environ 300 000 MMBtu par an de RNG. Avec l'achèvement de ce digesteur multi-lait et de deux autres, la production devrait atteindre environ 550 000 MMBtu de RNG par an provenant de 16 laiteries.
Aemetis Biogas a des accords avec 48 laiteries et prévoit d'en ajouter 27 de plus. Lorsque le Projet Central Laitier d'Aemetis Biogas sera pleinement opérationnel, il devrait générer plus de 1,6 million de MMBtu par an de RNG et des revenus annuels de 250 millions de dollars.
Aemetis, Inc. (NASDAQ: AMTX) hat den Abschluss des initialen Baus eines multidisziplinären anaeroben Vergärers im Merced County, Kalifornien, bekannt gegeben. Dieser Vergärer, der dafür ausgelegt ist, Abfälle von etwa 14.000 Milchkühen aus vier nahegelegenen Molkereien zu verarbeiten, wird voraussichtlich bis Ende 2024 in Betrieb genommen. Es wird prognostiziert, dass er über 200.000 MMBtu pro Jahr an erneuerbarem Erdgas (RNG) produzieren wird.
Das Projekt ist mit Aemetis' 36 Meilen langem Biogas-Pipeline verbunden. Derzeit erzeugt Aemetis Biogas aus zehn Molkereien und produziert etwa 300.000 MMBtu pro Jahr RNG. Mit der Fertigstellung dieses multidisziplinären Vergärers und zwei weiteren wird mit einer Steigerung der Produktion auf etwa 550.000 MMBtu RNG pro Jahr aus 16 Molkereien gerechnet.
Aemetis Biogas hat Vereinbarungen mit 48 Molkereien und plant, 27 weitere hinzuzufügen. Wenn das Projekt Aemetis Biogas Central Dairy vollständig betriebsbereit ist, wird erwartet, dass es über 1,6 Millionen MMBtu pro Jahr an RNG und Jahreseinnahmen von 250 Millionen Dollar generiert.
- Completion of initial construction for a multi-dairy anaerobic digester, expected to produce over 200,000 MMBtu per year of RNG
- Projected increase in RNG production from 300,000 MMBtu to 550,000 MMBtu per year with the addition of new digesters
- Agreements signed with 48 dairies, with plans to add 27 more
- Potential annual revenues of $250 million when the Central Dairy Project is fully operational
- Eligibility for credits from Low Carbon Fuel Standard and Production Tax Credits under the Inflation Reduction Act starting January 2025
- None.
Insights
The completion of the initial construction phase of Aemetis' multi-dairy digester marks a significant milestone in the company's renewable natural gas (RNG) expansion strategy. This development is poised to substantially boost Aemetis' RNG production capacity and revenue streams.
Key points to consider:
- The new multi-dairy digester is expected to produce over 200,000 MMBtu per year of RNG, increasing the company's total production to approximately 550,000 MMBtu per year from 16 dairies by year-end 2024.
- Aemetis is set to benefit from multiple revenue sources, including credits from the Low Carbon Fuel Standard and Production Tax Credits under the Inflation Reduction Act starting in January 2025.
- The company has agreements with 48 dairies and plans to add 27 more, potentially reaching annual revenues of
$250 million when fully operational.
This expansion aligns with the growing demand for renewable energy solutions and positions Aemetis to capitalize on favorable regulatory environments. However, investors should monitor execution risks and potential delays in project completion, as well as the company's ability to secure additional dairy partnerships as planned.
Aemetis' multi-dairy digester project represents a significant advancement in sustainable waste management and renewable energy production. The environmental implications are substantial:
- By processing waste from 14,000 dairy cows, the project mitigates methane emissions, a potent greenhouse gas.
- The production of RNG from dairy waste provides a circular economy solution, turning a potential environmental hazard into a valuable energy resource.
- The project's proximity to source dairies (within half a mile) minimizes transportation emissions, enhancing its overall carbon footprint reduction.
The scalability of this model, as evidenced by Aemetis' plans to expand to 48 dairies, could have a transformative impact on the agricultural sector's environmental profile. However, it's important to monitor the long-term environmental performance and ensure that the RNG production process itself remains low-emission. The project's success could serve as a blueprint for similar initiatives, potentially reshaping the intersection of agriculture and renewable energy.
Biogas Production of Over 200,000 MMBtu per Year Scheduled to Begin by Year-end 2024
CUPERTINO, Calif., Oct. 03, 2024 (GLOBE NEWSWIRE) -- Aemetis, Inc. (NASDAQ: AMTX), a renewable natural gas and renewable fuels company focused on low and negative carbon intensity products, announced today that its Aemetis Biogas subsidiary has completed initial construction of a multi-dairy anaerobic digester to process waste from approximately 14,000 dairy cows in Merced County, California.
The multi-dairy digester is expected to begin operations by year-end 2024 and produce more than 200,000 MMBtu per year of renewable natural gas (RNG). The digester is designed to collect waste from four dairies that are each located within one-half mile from the multi-dairy digester. The project is connected to the 36-mile Aemetis biogas pipeline.
“Aemetis Biogas is scheduled to significantly increase production this quarter, including the multi-dairy digester and two other dairy digesters,” stated Eric McAfee, Chairman and CEO of Aemetis. “We are pleased with the rapid acceleration of revenue growth from new digesters, which generate credits from the Low Carbon Fuel Standard and from Production Tax Credits under the Inflation Reduction Act starting in January 2025, supporting our construction of digesters for additional dairies.”
Currently, Aemetis generates biogas from anaerobic digesters fed by ten dairies, producing approximately 300,000 MMBtu per year of RNG. After completion of the multi-dairy digester and two other digesters, Aemetis will be producing approximately 550,000 MMBtu of RNG per year from 16 dairies.
Aemetis Biogas has signed agreements with 48 dairies and expects to add an additional 27 dairies to its biogas portfolio. When fully operational, the dairies in the Aemetis Biogas Central Dairy Project are expected to generate more than 1.6 million MMBtu per year of RNG and annual revenues of
About Aemetis
Headquartered in Cupertino, California, Aemetis is a renewable natural gas, renewable fuel and biochemicals company focused on the operation, acquisition, development and commercialization of innovative technologies that replace petroleum-based products and reduce greenhouse gas emissions. Founded in 2006, Aemetis is operating and actively expanding a California biogas digester network and pipeline system to convert dairy waste gas into Renewable Natural Gas. 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 owns and operates a 60 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 sustainable aviation fuel (SAF) and renewable diesel fuel biorefinery in California to utilize renewable hydrogen, hydroelectric power, and renewable oils to produce low carbon intensity renewable jet and diesel fuel. For additional information about Aemetis, please visit www.aemetis.com.
Safe Harbor Statement
This news release contains forward-looking statements, including statements regarding assumptions, projections, expectations, targets, intentions or beliefs about future events or other statements that are not historical facts. Forward-looking statements include, without limitation, projections of financial results in 2024 and future years; statements relating to the development, engineering, financing, construction and operation of the Aemetis ethanol, biogas, SAF and renewable diesel, and carbon sequestration facilities; and our ability to promote, develop and deploy technologies to produce renewable fuels and biochemicals. Words or phrases such as “anticipates,” “may,” “will,” “should,” “believes,” “estimates,” “expects,” “intends,” “plans,” “predicts,” “projects,” “showing signs,” “targets,” “view,” “will likely result,” “will continue” 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, including our Annual Reports on Form 10-K, and in our other 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.
External Investor Relations
Contact:
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Company Investor Relations/
Media Contact:
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FAQ
When is the Aemetis multi-dairy digester expected to begin operations?
How much renewable natural gas (RNG) is the new Aemetis (AMTX) multi-dairy digester expected to produce annually?
What is the projected total RNG production for Aemetis (AMTX) after completing the multi-dairy digester and two other digesters?
What is the expected annual revenue for Aemetis (AMTX) when the Central Dairy Project is fully operational?
