Aemetis, a company specializing in renewable natural gas and fuels, leads the way in creating sustainable solutions to address climate change. Their primary goal is to substitute petroleum-based products with low and negative carbon intensity alternatives. This dedication marked a significant advancement as Aemetis obtained the Authority to Construct (ATC) air permits for their upcoming sustainable aviation fuel (SAF) and renewable diesel (RD) production facility in Riverbank, California.
>> RELATED: Aemetis Receives Authority to Construct Air Permits for Riverbank Sustainable Aviation Fuel Plant
The Aemetis plant in Riverbank, California, is a flexible facility with a production capacity of 90 million gallons per year. It can produce a 50/50 mix of SAF and RD or allocate its entire capacity (78 million gallons) to SAF for the aviation market. The increasing demand for SAF arises from the aviation industry's necessity to decrease its carbon footprint. SAF, sourced from renewable sources, presents a notably lower carbon footprint than traditional jet fuel, playing a vital role in achieving sustainable air travel.
The ATC permits, issued by the San Joaquin Valley Air Pollution Control District, allow the plant's construction and ensure compliance with air quality regulations. Getting these permits marks a significant progress for Aemetis' project, overcoming a crucial obstacle. They showcase Aemetis' dedication to responsible development and effective collaboration with regulatory bodies, opening doors for further project advancement. The extensive technical review and public comment periods in obtaining the permits emphasize the project's thorough environmental and regulatory assessment, ensuring responsible development practices.
Aemetis' extensive SAF production facility has the potential to revolutionize the sustainable aviation fuel market. Its substantial production capacity can significantly address the increasing demand for SAF from airlines. The greater availability of SAF can encourage broader adoption by airlines, ultimately resulting in a decrease in the aviation sector's carbon footprint and contributing to a more sustainable future for air travel.
The project is set to bring about substantial economic advantages. The establishment and functioning of the plant are estimated to generate numerous employment opportunities and make a significant contribution to the local and regional economies. Furthermore, Aemetis foresees the plant generating $672 million in revenue and $195 million in adjusted EBITDA by 2027. In addition to the economic benefits, the project holds great environmental significance. By offering airlines a cleaner fuel alternative, the plant can notably decrease greenhouse gas emissions linked to air travel, leading to cleaner air, enhanced air quality, and progress in the fight against climate change.
Aemetis' successful acquisition of the ATC permits means the project can move forward with engineering, financing, and construction. With its potential to revolutionize the SAF market and make a significant contribution to environmental sustainability, the project holds a promising future. This project reflects a broader trend within the aviation industry and the global energy sector, showing the growing commitment to cleaner energy sources and sustainable practices, paving the way for a greener future.
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.
Inside this Issue 🔩 Air Products to Showcase Decarbonization Solutions for Iron and Steel Production at AISTech2024 🌐 Plug Signs MOU with Allied Green Ammonia for 3GW of Electrolyzer Supply at Wor...
Inside this Issue 🎯 Carbon Clean Achieves Fabrication Milestone on Flagshipone With the Project’s First Carbon Capture Unit Module 🚍 Powering Clean Commutes: Ballard and Wrightbus Team Up for Hydr...
Inside this Issue 💰 FuelCell Energy Announces Debt Financing for Derby Power Projects ⚛️ Plug Power's Expansion Accelerates Green Hydrogen Economy 📝 Zefiro Registers its First Methane Reduction Pr...
LATHAM, N.Y., May 03, 2024 (GLOBE NEWSWIRE) -- [Plug Power Inc.](https://plugpower.com) (NASDAQ: PLUG), a _global leader in comprehensive hydrogen solutions for the green hydrogen economy_, announc...
Hyundai Motor Spearheads U.S. Zero-Emission Freight Transportation with NorCAL ZERO Project Launch
* Hyundai Motor celebrates the official launch of the NorCAL ZERO Project to bring zero-emission freight transportation to the San Francisco Bay Area and California's Central Valley * Hy...
Air Products to Showcase Decarbonization Solutions for Iron and Steel Production at AISTech2024
_Air Products Foundation will Donate up to $15,000 to the AIST Foundation_ LEHIGH VALLEY, Pa., May 2, 2024 /PRNewswire/ -- [Air Products](https://www.airproducts.com) (NYSE:APD) will showcase **...
Copenhagen Infrastructure Partners and Uniper Enter Hydrogen Partnership
**Copenhagen Infrastructure Partners (CIP), through its Energy Transition Fund, and Uniper have signed a memorandum of understanding to strengthen collaboration on bringing green hydrogen from CIP’...
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.