Aemetis, Inc. (OTCQB: AMTX), an advanced fuels and renewable chemicals company, announced today that the Aemetis 60 million gallon per year capacity ethanol facility in Keyes, California has completed planned maintenance and preparations for the production of Advanced Biofuel under recent EPA rulings, and is now restarting production.
The plant will start up using corn as the principal feedstock, with grain sorghum or a feedstock blend used after startup to maximize operating income. In December 2012, the Environmental Protection Agency (EPA) approved the use of grain sorghum feedstock along with biogas in a combined heat and power system to produce an Advanced Biofuel containing approximately 50% lower carbon content than gasoline. Advanced Biofuel generates D5 Renewable Identification Numbers (RINs) that have traded at a premium to traditional ethanol D6 RINs.
[…] “About $5 million of capital investment and new working capital has been invested since mid-January for maintenance and to enable the plant to produce Advanced Biofuel in a flexible configuration that enables the use of multiple feedstocks and energy sources.”
McAfee added, “The Keyes plant has sustainable cost advantages in Advanced Biofuels production. The plant’s location enables both rail and ocean shipping access to advanced biofuel feedstock from lower-cost supply sources. The Keyes plant is also equipped with an energy-efficient Combined Heat and Power (CHP) system to reduce energy costs and decrease the carbon content of fuel. By using grain sorghum feedstock and sourcing biogas for the CHP system instead of natural gas, the Keyes facility is now able to produce Advanced Biofuel to support EPA requirements for advanced fuels.”
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