Aemetis Celebrates One-Year Anniversary of Ethanol Production Facility in Keyes, CA

Aemetis Celebrates One-Year Anniversary of Ethanol Production Facility in Keyes, CA
May 2012 Marks Company’s Continued Focus on Production of Advanced Fuels and Renewable Chemical
Press Release: Aemetis, Inc. – 1 hour 8 minutes ago

CUPERTINO, Calif.--(BUSINESS WIRE)--Aemetis, Inc. (OTC: AMTX.PK), an industrial biotechnology company producing advanced fuels and renewable chemicals using patented microbes and processes, this week celebrated the Company’s first complete year of production at the Aemetis Advanced Fuels 55 million gallon per year commercial ethanol facility in Keyes, California.
In late April of 2011, Aemetis commenced operations at the Keyes facility, and the plant has run continuously for an entire calendar year without a single down day for repairs. The plant has demonstrated consistently high level of performance in both the production and sales of ethanol and wet distillers grains. The plant has over 50 full-time employees, and is responsible for hundreds of other new indirect jobs associated with the plant.
Aemetis took possession of the facility under a project agreement and multi-year lease with Cilion in March 2010, and also arranged $8 million of financing to retrofit and restart the plant. In 2011, Aemetis was awarded a $1.88 million matching grant from the California Energy Commission to build and operate a pre-commercial cellulosic ethanol facility to accelerate the commercial deployment of the Company’s proprietary advanced ethanol technology.
“We are extremely proud of the entire Aemetis team for their outstanding performance over the past year making this plant one of the finest in the world,” said Eric McAfee, Chairman and CEO of Aemetis, Inc. “Not only do we have a world-class operating team and facility, we are extremely well positioned to leverage our technology for the next generation of renewable biofuels and chemicals,” said McAfee.
About Aemetis
Headquartered in Cupertino, California, Aemetis is an industrial biotechnology company producing renewable chemicals and advanced fuels using patented microbes and processes. Aemetis operates a 55 million gallon biofuels plant in California, and built and operates a nameplate 50 million gallon per year renewable chemicals and advanced fuels production facility on the east coast of India. In 2011, Aemetis received a California Energy Commission grant to commercialize technology that enables the production of advanced biofuels from both non-food and traditional feedstocks. For additional information about Aemetis, please visit www.aemetis.com.
Forward Looking Statements
The information contained herein includes forward-looking statements related to future events. Statements regarding future events are based on current expectations and are necessarily subject to associated risks related to, among other things, the ability of the company to successfully commercialize its technologies. Actual results may differ materially from those in the projections or other forward-looking statements made herein. For information regarding other related risks, please see the "Risk Factors" section of the company’s filings with the SEC.
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Investor Relations
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John Liviakis, 415-389-4670
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Aemetis, Inc.
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Andy Foster, 408-213-0928
afoster@aemetis.com
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Investor & Analyst Contact:
Todd Waltz, 408-213-0925
twaltz@aemetis.com