February 3 (Renewables Now) - US renewable fuels firm Aemetis Inc (NASDAQ:AMTX) has secured USD 14 million (EUR 12.6m) in government grants to lower the carbon intensity of its ethanol production in California.
The funding was awarded to the company’s subsidiary Aemetis Advanced Fuels Keyes Inc and target certain upgrades at its Keyes manufacturing site that will lead to a USD-13-million reduction of the plant's annual operating costs, Aemetis said last week.
To implement the plan, Aemetis will install a 1.56-MW solar microgrid with batteries and a power distribution control system that will cut the use of natural gas and lower the Keyes plant’s greenhouse gas emissions. The installation of a mechanical vapor recovery system that will boost the expected plant production capacity by around 25% is also included in the upgrade programme.
“Aemetis is implementing technologies that allow the traditional biofuels industry to enter a new era of improved operational efficiency and lower carbon intensity renewable fuel, which we expect will result in a significant reduction of carbon content in renewable energy,” said chairman and CEO Eric McAfee. According to him, the proposed measures will result in “a double-digit reduction” in the ethanol plant’s carbon intensity.
(USD 1.0 = EUR 0.903)