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Aemetis Receives Authority to Construct Air Permits for MVR Project at California Ethanol Plant

  • Aemetis received Air To Construct permits for its mechanical vapor recompression (MVR) energy efficiency project at its 65 million gallon per year ethanol plant in Keyes, California.
  • Project completion is scheduled for Q2 2026, with construction expected to finish by mid-2026.
  • The MVR project is projected to increase annual cash flow from operations by $32 million through energy cost reductions, increased Low Carbon Fuel Standard credits, & higher Section 45Z tax credits.
  • Approximately $19.7 million in grants & tax credits have been secured from the California Energy Commission, Pacific Gas & Electric, & the U.S. Internal Revenue Service via Section 48C investment tax credits.
  • Upon operation, the system will reduce natural gas usage at the Keyes plant by approximately 80% & deliver a double-digit reduction in carbon intensity.
  • The Keyes ethanol plant has operated since 2011, supplying roughly two million pounds of animal feed daily to about 80 dairies while capturing 150,000 tons of CO2 annually for beverage-grade use.
  • This investment supports Aemetis' decarbonization strategy, complementing its dairy Renewable Natural Gas program which includes seven CARB LCFS pathways approved in June 2025.
  • Aemetis currently operates a network of biogas digesters processing waste from over 10,000 cows & is developing carbon sequestration & renewable diesel facilities in Riverbank, California.