Aemetis signs $ 100 million construction conditions and

Base interest rate of 8% for investment projects and 10% for the working capital line

CUPERTINO, CA, November 23, 2021 (GLOBE NEWSWIRE) – via NewMediaWire – Aemetis, Inc. (NASDAQ: AMTX), a renewable fuels company focused on carbon-negative products, today announced that it has signed a non-binding term sheet and is working towards completing a new debt financing of $ 100. million dollars from Third Eye Capital of Toronto, Canada. Debt financing is expected to include $ 50 million for carbon reduction projects and $ 50 million for working capital.

Aemetis has repaid over $ 55 million of its higher interest rate debt in 2021. New lower interest rate debt financing is expected to provide funding for Aemetis’ initiatives that reduce carbon intensity renewable fuels, including sustainable aviation fuel (SAF), renewable diesel, carbon sequestration and upgrades to the Keyes ethanol plant.

More than $ 32 million in cash and grants have already been invested in Phase I, 45 million gallons per year, the Carbon Zero renewable jets and diesel plant at Riverbank. This new loan facility is expected to provide the remaining project financing from Aemetis prior to the completion of the additional debt financing for the project. A guaranteed loan of USDA 125 million 9003 Biorefinery Assistance Program has been signed by Aemetis and an additional USD 100 million under the USDA Renewable Energy for America program is underway.

The base interest rate for financing the $ 50 million carbon reduction project will be 8% per annum. The base interest rate for the $ 50 million in working capital funding will be 10% per year. Both credit facilities should have availability provisions based on the qualified use of funds and other factors. Additional consideration for the lender will include the usual fees for 500,000 warrants at an exercise price of $ 20 per share.

“This new financing builds on our successful relationship with Third Eye Capital, the company’s primary lender since our first financing in 2008. We sincerely appreciate their continued support for carbon reduction projects and operations at Aemetis,” said Eric McAfee, Chairman and CEO of Aemetis. . “This lower interest rate debt supports the development of the Aemetis Carbon Zero sustainable aviation fuel plant and 90 million gallon per year renewable diesel, but also fully funds the remaining upgrades at the Keyes plant.” to install solar power and MVR, as well as the two characterization wells for the subsidiary of Aemetis Carbon Capture to submit Class VI CO2 sequestration licenses to the EPA at our two biofuel plant sites.

Closing of the new debt financing is subject to customary closing conditions. The commitments under the new debt financing and its terms remain subject to finalization and execution of final documentation.

Aemetis has signed a 10-year, $ 1 billion, 250 million gallon supply agreement with Delta Air Lines to supply a mixture of 40% SAF and 60% jet fuel to the San Francisco airport. The sustainable aviation fuel is expected to be produced by the Aemetis renewable jet / diesel plant under development at a 125-acre former US Army munitions production site in Riverbank, California.

Powered 100% by renewable electricity, the design of the Aemetis Carbon Zero plant uses cellulosic hydrogen made from carbon negative wood waste. Subzero carbon intensity, cellulosic hydrogen is then used to hydrotreat vegetable oils or other renewable oils to produce aviation and diesel fuel. Process technology is licensed from Axens (France), a global technology provider for the petroleum and chemical industries.

To further reduce carbon intensity, Aemetis Carbon Zero’s production process includes injecting CO2 from the production plant into a sequestration well at the Riverbank plant site to continuously capture approximately 200,000 tonnes. metrics of CO2 per year.

About Aemetis

Aemetis’s mission is to transform renewable energies with sub-zero carbon intensity transport fuels. Aemetis launched the Carbon Zero production process to decarbonise the transport sector using today’s infrastructure.

Aemetis Carbon Zero products include carbon-free fuels that can be used in aircraft, truck and ship fleets. Aemetis’ low carbon fuels have significantly reduced carbon intensity compared to standard fossil petroleum fuels throughout their life cycle.

Headquartered in Cupertino, Calif., Aemetis is a renewable natural gas, renewable fuel and biochemicals company focused on the acquisition, development and commercialization of innovative technologies that replace petroleum-based products and reduce emissions of greenhouse gas. Founded in 2006, Aemetis has completed Phase 1 and is expanding a California network of biogas digesters and pipeline system to convert dairy waste gases into renewable natural gas. Aemetis owns and operates a 65 million gallon per year ethanol plant in the Central Valley of California, near Modesto, which supplies about 80 dairies with animal feed. Aemetis also owns and operates a 50 million gallon per year production facility on the east coast of India producing high quality distilled biodiesel and refined glycerin for customers in India and Europe. Aemetis Developing Carbon Zero Sustainable Aviation Fuel (SAF) and Renewable Diesel Fuel Biorefineries in California to Use Distillery Corn Oil and Other Renewable Oils to Produce Renewable Low Carbon Diesel and Jet Fuel using cellulosic hydrogen from orchard and forest wood waste, while pre-extracting cellulosic sugars from wood waste to be transformed into high value cellulosic ethanol at the Keyes plant. Aemetis holds a portfolio of patents and exclusive technology licenses to produce renewable fuels and biochemicals. For more information about Aemetis, please visit

Safe Harbor Declaration

This press release contains forward-looking statements, including statements regarding assumptions, projections, expectations, objectives, intentions or beliefs regarding future events or other statements that are not historical facts. Forward-looking statements contained in this press release include, but are not limited to, statements relating to the development and construction of the carbon sequestration facilities, the biogas lagoon digesters, the gas cleaning and compression unit. biogas, construction and operation of the pipeline, our compliance with government programs, the consumption of new debt financing under the terms and conditions set forth herein, our ability to obtain additional financing for our projects and our ability to access markets and funding to execute our business plan. Words or expressions such as “foresee”, “may”, “will”, “should”, “believe”, “estimate”, “expect”, “intends”, “plan”, “Predicted”, “plans”, “” showing signs “,” targets “,” view “,” will likely result “,” will continue “or similar expressions are intended to identify forward-looking statements. These forward-looking statements are based on current assumptions and forecasts and are subject to many risks and uncertainties. Actual results or events could differ materially from those stated or implied by such forward-looking statements and related assumptions due to certain factors, including, without limitation. y limit, competition in ethanol, biodiesel and other industries in which we operate, commodity market risks including those that may arise from current weather conditions, financial market risks, adoption by cli ents, counterparty risks, risks associated with changes in federal policy or regulation and other risks detailed in our reports filed with the Securities and Exchange Commission, including our annual report on Form 10-K for the year ended December 31, 2020 and in our subsequent filings with the SEC. We are not obligated and do not intend to update these forward-looking statements at any time, unless an update is required by applicable securities laws.

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