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Aemetis approved by USCIS for $200 million of EB-5 investment in biogas, SAF and carbon sequestration projects

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By Aemetis Inc.

March 21, 2024

Business Biogas Sustainable Aviation Fuels 

Aemetis Inc. has announced approval by USCIS for $200 million of EB-5 program investment for the Riverbank SAF production plant, the dairy RNG project, the carbon sequestration project, and energy efficiency upgrades to the Keyes ethanol plant.

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Prairie Clean Energy has been approved by the Saskatchewan government for a 45% new investor tax credit through the Saskatchewan Technology Startup Incentive program. The company produces flax straw pellets.

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ABB has signed an agreement with Cap Clean Energy to collaborate on SAF production sites in Canada. As part of the MOU, ABB will explore how its automation, electrification and digital technology can optimize the biofuel facilities.

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The U.S. Energy Information Administration is providing an opportunity for stakeholders in the U.S. densified biomass industry, such as wood pellet producers, to comment on ways to improve its monthly data collection efforts.

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World Energy LLC on March 18 announced it has been invited by the U.S. Department of Energy to submit the Part II Application for an approximately $2 billion loan guarantee to support a proposed SAF project.

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U.S. Energy has signed a long-term RNG supply agreement with the Canton, Ohio-based Stark Area Regional Transit Authority. Under the agreement, U.S. Energy will provide landfill-based RNG to SARTA’s fleet of 36 CNG transit buses.

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Sasol, the global chemicals and energy company, and Topsoe, leader in carbon emission reduction technologies, announced the successful launch of their joint venture, Zaffra, which will focus on the development and delivery of SAF.

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President Joe Biden, Agriculture Secretary Tom Vilsack and U.S. EPA Administrator Michael Regan on March 19 recognized National Agriculture Day by honoring the farmers and ranchers who produce our nation’s food, feed, fuel and fiber.

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The Michigan Senate Committee on Energy and Environment on March 14 held a hearing to consider legislation introduced last year that aims to create a tax credit to support the purchase of sustainable aviation fuel (SAF).

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The Michigan Public Service Commission on March 15 rejected applications by Consumers Energy Co. for early termination of power purchase agreements (PPAs) with biomass plant operators.

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Viridi Energy has acquired a legacy biosolids digester plant in Brunswick, Maine, with plans to transform the site into an industry-leading waste-to-RNG facility. Casella Waste Systems Inc. will manage feedstock collection and delivery logistics.

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Vanguard Renewables, a farm-based provider of organic material solutions for the food and beverage industry, is celebrating a decade in clean energy innovation and organic materials solutions.

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Enviva Inc. on March 15 announced that the U.S. Bankruptcy Court for the Eastern District of Virginia has approved its previously announced $500 million debtor-in-possession (DIP) financing related to its Chapter 11 bankruptcy filing.

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New Energy Blue on March 18 announced the formation of New Energy Chemicals. In phase one, the biochemical subsidiary will produce biobased ethylene for use in Dow’s renewable plastics. In phase two, the subsidiary will expand to SAF production.

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Waga Energy and Steuben County on March 18 announced that renewable natural gas (RNG) production has commenced at the Steuben County Landfill in Bath, New York. The RNG is delivered into the Corning Natural Gas system.

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Ethanol Producer Magazine announced this week the preliminary agenda for the 2024 International Fuel Ethanol Workshop & Expo (FEW) taking place June 10-12, 2024 at the Minneapolis Convention Center in Minneapolis, Minnesota.

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A first of its kind breakfast at Heathrow, named The Fly Up, which is cooked with oil that is then cleaned and recycled into renewable biofuels, took off on March 12. The initiative aims to boost awareness of SAF.

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Tidewater Renewables Ltd. on March 14 announced that its 3,000-barrel-per-day renewable diesel facility in Prince George, British Columbia, is currently operating at near nameplate capacity. Work is also progressing on proposed plans to produce SAF.

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Haffner Energy and Hexas Biomass Inc. announce that they have signed a memorandum of understanding (MOU) to establish a non-exclusive partnership to develop a turnkey solution for the co-production of biochar and biogenic CO2.

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Neste has merge its three renewable business units into one Renewable Products business unit as well as restructure its functions to better support business-driven ways of working. Plans for the restructuring were announced last year.

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U.S. wood pellet producer Enviva Inc. on March 12 filed a voluntary Chapter 11 bankruptcy petition with the U.S. Bankruptcy Court for the Eastern District of Virginia in hopes of restructuring its approximately $1 billion in debt.

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Avfuel Corp. and Neste finalized a partnership extension that keeps the companies at the forefront of sustainable aviation fuel (SAF) supply for business aviation, cementing their leadership positions in the sustainable space.

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Aemetis Inc. released fourth quarter financial results on March 7, reporting the company achieved important milestones in its biodiesel, RNG, ethanol, SAF and carbon capture business segments last year.

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Gevo Inc. has reported that efforts are continuing to secure a U.S. DOE loan guarantee to support the construction of its proposed SAF facility. Gevo also reported that its RNG project in Iowa operated at 91% capacity during Q4.

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Following Ryanair’s purchase of 500 metric tons of sustainable aviation fuel (SAF) from OMV in October 2023, the airline on March 8 announced that it will take an additional 500 metric tons of SAF from OMV in 2024.

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USDA on March 8 celebrated the second annual National Biobased Products Day, a celebration to raise public awareness of biobased products, their benefits and their contributions to the U.S. economy and rural communities.

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The Renewable Thermal Collaborative has released a case study on the partnership between AstraZeneca and Vanguard Renewables to enable the delivery of RNG to all of AstraZeneca's sites in the U.S. by 2026.

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Marathon Petroleum's Vinvale and East Hynes fleets in California's Los Angeles Basin have made a significant step toward reducing their carbon footprint and contributing to a cleaner future by transitioning both fleets entirely to renewable diesel.

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Bunge Chevron Ag Renewables LLC, a joint venture of Bunge and Chevron, on March 4 celebrated the groundbreaking of a new oilseed processing facility in Louisiana. The plant is expected to be operational in 2026.

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EverGen Infrastructure Corp. announced its recently completed Fraser Valley Biogas facility has achieved new single-day and monthly production records, supporting the growing demand for RNG.

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