Investment7 Oct 2025, 10:43 am
Aemetis to Reduce Carbon Intensity at California Ethanol Plant with $30M Energy Efficiency Upgrade
AI Summary
Aemetis Inc. is advancing decarbonization at its 65 million gallon-per-year ethanol plant in Keyes, California, with a $30 million energy efficiency upgrade. The project involves the integration of a Mechanical Vapor Recompression (MVR) system supplied by Praj Industries and executed by NPL Construction Co. The project is expected to reduce natural gas usage by approximately 80%, generate $32 million of incremental annual cash flow, deliver a double-digit reduction in carbon intensity, and expand eligibility for transferable Section 45Z production tax credits. The project is scheduled for completion in Q2 2026.
Key Highlights
- Aemetis is investing $30 million in an energy efficiency upgrade at its California ethanol plant.
- The project involves the integration of a Mechanical Vapor Recompression (MVR) system supplied by Praj Industries.
- The project is expected to reduce natural gas usage by approximately 80% and generate $32 million of incremental annual cash flow.
- The project is scheduled for completion in Q2 2026 and is expected to deliver a double-digit reduction in carbon intensity.
- The project has received approximately $19.7 million in grants and tax credits from California Energy Commission, Pacific Gas & Electric, and IRA 45Z tax credits.