Aemetis Reports Progress With Biofuel, Biogas Projects
Aemetis Inc. expects to secure the authority to construct air permit for its proposed sustainable aviation fuel (SAF) and renewable diesel project in early 2024, according to comments made by Chairman and CEO Eric McAfee during a third quarter earnings call held Nov. 9. McAfee also discussed the company’s biogas, ethanol, biodiesel and carbon capture projects during the event.
The Aemetis Biogas subsidiary during the summer of 2023 closed its second $25 million USDA loan guarantee to build biogas digesters at eight additional dairies, McAfee said. That closing brought the subsidiary’s total to $50 million in loan guarantees secured under the USDA’s Rural Energy for America Program to build 15 dairy digester projects that are designed to produce a combined 400,000 MMBtus of renewable natural gas (RNG) annually. A third $25 million USDA guaranteed loan is expected to close by the end of this year, subject to potential delays caused by a government shutdown, McAfee added. Work on a fourth, fifth, sixth, seventh and eighth guaranteed loan are in various steps of the process.