Aemetis signs agreement to purchase site for Riverbank plant
Summary
The site has received more than $72 million of federal funding for facility upgrades and remediation since being decommissioned as an army base. There’s nothing like this effort locally and this project has regional significance.” The Aemetis agreement to acquire the Riverbank Industrial Complex paves the way for a clean energy economic and environmental renaissance in the California Central Valley. The Aemetis Carbon Zero facility is designed to support almond and other orchard farmers to dispose of wood waste by converting a portion of the 3 billion pounds of annual orchard wood waste into negative carbon intensity, renewable hydrogen used in sustainable jet and renewable diesel fuel production. Aemetis has received a grant for $5 million from the California Energy Commission (CEC) for the engineering and construction of biofuels production facilities at the Riverbank site. In addition to American, Aemetis has also signed memorandums of understanding for sustainable aviation fuel with seven other oneworld Alliance airlines.