Aemetis awarded US$5 million grant for Riverbank Biorefinery
In the United States (US), advanced renewable fuels and biochemicals company Aemetis Inc. has announced that the California Energy Commission (CEC) has issued a Notice of Proposed Award (NOPA) for a US$5 million grant to the Aemetis Riverbank cellulosic ethanol biorefinery. The CEC grant program provides California state funding support for projects that reduce air pollution, improve the environment, and lower carbon emissions.
According to a statement, the CEC grant will support the state’s goals to reduce greenhouse gas (GHG) emissions and chronic air pollution in California’s Central Valley through Aemetis’ conversion of waste orchard wood, which could otherwise be burned and released into the air, into low carbon biofuel at the planned Aemetis Riverbank plant.
This $5 million CEC grant supports the work essential to the construction of the Aemetis Riverbank plant to produce below zero carbon biofuels from waste biomass that could otherwise be burned, said Eric McAfee, Chairman, and CEO of Aemetis.
The CEC grant is in addition to the recently announced US$12.7 million sales and tax waivers by the State of California to reduce the cost of equipment and other purchases for the construction of the Aemetis Riverbank plant.