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Aemetis “Carbon Zero” Solar Energy and Energy Efficiency Upgrades Supported by $16.8 Million of ...
Aemetis, Inc.January 22, 2021 GMT
Estimated $18 Million Per Year of Increased Net Income ($0.75 Earnings Per Share)
CUPERTINO, CA, Jan. 22, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire – Aemetis, Inc. (NASDAQ: AMTX) announced that its “Carbon Zero” biofuels production process has received a total of $16.8 million of solar energy and other energy efficiency grants to fund upgrades of the Keyes, California plant to support the production of zero carbon renewable fuel. The renewable energy and efficiency projects funded by the grants already have been launched into the design, permitting, construction and commissioning process. The projects supported by grant funding will provide an estimated $18 million per year of increased margin, equal to about $0.75 net income per share each year.