U.S. Patent Awarded and Exclusively Licensed to Aemetis Enabling Launch of “Carbon Zero” Production Plants
Hybrid Electric Vehicles to be Supplied with Below Zero Carbon Intensity Biofuel
CUPERTINO, CA, Jan. 15, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire -- Aemetis, Inc. (NASDAQ: AMTX) announced today that its exclusively licensed technology for the production of below zero carbon renewable fuel was awarded U.S. Patent No. 10907184 (to be published February 2, 2021), enabling the launch of Aemetis “Carbon Zero” production plants to commercialize the technology. Using patented technology exclusive to Aemetis for agricultural waste wood feedstock, the Carbon Zero plants are integrated with existing Aemetis production facilities to produce energy dense renewable fuels using renewable energy and below zero carbon intensity waste feedstocks.
The Aemetis Carbon Zero production plants are designed to convert below zero carbon feedstocks (waste wood and ag wastes) and renewable energy (solar, renewable natural gas, biogas) into energy dense liquid renewable fuels. Aemetis expects that such renewable fuels, when used in hybrid electric vehicles or other vehicle engines, will have a “below zero carbon” greenhouse gas footprint across the entire lifecycle of the fuel based on the Argonne National Laboratory’s GREET model, the pre-eminent science-based lifecycle analysis measurement tool.
“We are naming these projects ‘Carbon Zero’ to reflect our mission to reduce greenhouse gases. Wood is partially comprised of carbon dioxide (CO2) from the air. Agricultural waste wood has a below zero carbon intensity as a fuel by avoiding greenhouse gas emissions, since waste wood is usually burned in the field or breaks down into harmful methane emissions,” stated Eric McAfee, Chairman and CEO of Aemetis.
“By combining below zero carbon waste wood with zero carbon renewable energy obtained from solar, hydroelectric and biogas sources, Aemetis is transforming these sources of renewable energy into zero carbon renewable fuels that work with existing engines, as well as range extender generators used in electric cars or trucks as long-haul and local delivery vehicles adopt electric drivetrains to improve emissions, fuel efficiency and performance,” McAfee noted.
The first Aemetis Carbon Zero production plant — “Carbon Zero 1” — is planned for the 140-acre Riverbank Industrial Complex in Central California, a former Army ammunition production facility with 710,000 square feet of existing production buildings.