Aemetis, Inc. Announces E15 Ethanol Blend Approval in California Following Governor Newsom's Signing of Assembly Bill 30
Aemetis, Inc. announced that California Governor Gavin Newsom signed Assembly Bill 30, allowing a 15% ethanol blend (E15) in gasoline, which will expand the market for ethanol in California by 50%. A study suggests this change could save consumers approximately $2.7 billion annually, translating to a savings of about 20 cents per gallon. Aemetis CEO Eric McAfee praised the initiative for promoting lower gasoline costs and aiding environmental goals, while RFA President Geoff Cooper highlighted the benefits of E15 seen in other states, including cleaner air and enhanced engine performance. Aemetis operates a significant ethanol production facility in California and is making further investments to boost clean fuel production and reduce emissions, including a $30 million upgrade expected to significantly lower production costs.