Aemetis acquires site for CCS injection well
Summary
Aemetis Inc., a renewable natural gas and renewable fuels company focused on below zero carbon intensity products, today announced the purchase of 24 acres, known as “Parcel B” on the Riverbank Industrial Complex site, to develop a carbon capture and sequestration (CCS) injection well. The company plans to construct a characterization well to obtain required data and final injection well design information that will be used for the EPA Class VI CO injection well permit application for the sequestration of approximately 1 million metric tons per year of CO . “The Riverbank Parcel B land purchase secures the key site for 1 million annual tons of planned CO injection to reduce the carbon intensity of Aemetis biofuels and sequester CO from other California industrial and agricultural sources,” said Eric McAfee, chairman and CEO of Aemetis. “We have completed engineering and filed permits to drill a characterization well on the site as the next step in our CCS project, helping to close the gap on essential climate mitigation actions that can be accomplished today.” The Aemetis carbon sequestration project has attracted world-class companies in the engineering, design, and construction of facilities for CO compression and injection. The Riverbank facility features 710,000 square feet of existing industrial and commercial buildings with more than 30 existing commercial tenants; a four-mile railroad loop with a 120 railcar storage capacity; and a 20 megawatt onsite electric substation with 100 percent low carbon hydroelectric power. The Riverbank facility has an approved Environmental Impact Report (EIR) for development, and has received more than $72 million of federal funding for facility upgrades and remediation since being decommissioned as a U.S. Army base primarily focused on ammunition production.