Aemetis RNG Production Facility Receives EPA Approval for D3 RIN Generation; LCFS Data Collection Completed and Pathway Review In Process at CARB; Six Dairy Digesters Fully Operational - Seite 2

The dairy digesters, pipeline project and biogas-to-RNG facility are funded in part by grants from the California Department of Food and Agriculture and the California Energy Commission. Last Fall, Aemetis announced the closing of its first $25 million of long-term financing with Greater Commercial Lending (GCL) supported by a US Department of Agriculture (USDA) loan guarantee.  The long-term, low interest rate, 20-year project financing was guaranteed by the USDA using the REAP loan program and carries a fixed interest rate for the first five years.

Aemetis has filed or is preparing to file for an additional $100 million of REAP loans to fund the 31 additional dairies that are in engineering, permitting or already under construction.  The maximum loan amount is $25 million, so the Aemetis loan applications are a series of $25 million loans, all with 20-year repayment terms.

About Aemetis

Headquartered in Cupertino, California, Aemetis is a renewable natural gas, renewable fuel and biochemicals company focused on the acquisition, development and commercialization of innovative technologies that replace petroleum-based products and reduce greenhouse gas emissions.  Founded in 2006, Aemetis is expanding a California dairy 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 has supplied about 80 dairies with animal feed. Aemetis also owns and operates a 50 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 sustainable aviation fuel (SAF) and renewable diesel fuel biorefineries in California to utilize distillers corn oil, refined tallow and other renewable oils to produce low carbon intensity renewable jet and diesel fuel using renewable hydrogen from waste orchard and forest wood, while pre-extracting cellulosic sugars from the waste wood to be processed into high value cellulosic ethanol at the Keyes plant. Aemetis holds a portfolio of patents and exclusive technology licenses to produce renewable fuels and biochemicals.  For additional information about Aemetis, please visit www.aemetis.com.