Project Will Process Methane From California Dairy Farms Into Renewable Natural Gas for Use as Low-carbon Transportation Fuel; Loans Guaranteed by USDA REAP
RENO, Nev. , Oct. 6, 2022 /PRNewswire/ -- Greater Commercial Lending (GCL), which provides loans to businesses and organizations in under-served and rural communities, has completed $25 million in long-term financing to help develop and build dairy biogas digesters and a biogas pipeline for the Aemetis Biogas Central Dairy Digester Project located in Stanislaus County, California . The financing has been arranged as a loan guaranteed by the U.S. Department of Agriculture (USDA) through the Rural Energy for America Program (REAP).
Methane digesters are systems that promote the decomposition of organic matter, including animal manure, food wastes and wastewater biosolids, into renewable fuels to replace petroleum products. The Aemetis biogas project is a collection of anerobic digesters at dairy farm lagoons that utilize waste animal manure to generate renewable methane gas to produce renewable natural gas (RNG).
The construction and testing of six dairy biogas digesters is scheduled for completion in Q1 2023. A biogas pipeline connects the dairies to the Aemetis Keyes ethanol plant, where the biogas is converted to a low-carbon transportation fuel. In addition to using the RNG at the Aemetis ethanol plant and planned onsite fueling station, Pacific Gas & Electric Company (PG&E) will deliver the transportation fuel via gas pipeline throughout California for sale to customers.
"We are thrilled to be involved in this project, which is advancing a pioneering solution to a real-world issue. We truly believe efforts like this need to be brought to market, and government-backed loans can be a low-cost and long-term financing source for these important projects," said Jeremy Gilpin , executive vice president of GCL. GCL is one of the largest providers of USDA government-guaranteed loans. "The Aemetis team has a proven track record in promoting cutting-edge technologies in renewable fuels."
"Government-guaranteed loans, such as those through USDA REAP, can be crucial in getting new and innovative projects such as the Aemetis Biogas Central Dairy project built. With GCL's support, we've continued to expand the number of digesters which capture methane emissions from dairy farms and convert the methane into a negative carbon renewable fuel," said Eric McAfee , CEO and founder of Aemetis, Inc., based in Cupertino, California .
About 25% of the methane emissions in California are emitted from dairy waste lagoons. When fully built, the Aemetis biogas project plans to connect dairy digesters spanning 66 dairy farms across a 40-mile pipeline, capturing more than 1.65 MMBtu of dairy methane each year. The project is designed to reduce greenhouse gas emissions equivalent to an estimated 6.8 million metric tonnes of carbon dioxide over 10 years, equal to removing the emissions from approximately 150,000 cars per year.
Greater Commercial Lending (GCL) is a credit organization that brings together credit unions and community lenders from around the U.S. to provide government-guaranteed loans to businesses and initiatives in rural and under-served markets throughout the U.S. and its territories. It helps finance key infrastructure services, like power, renewable energy, transportation and fiber optic, as well as schools, hospitals, restaurants, agriculture, hotels and manufacturers. GCL partners with the U.S. Small Business Administration (SBA) and the U.S. Department of Agriculture (USDA), which guarantee loans, to arrange credit at favorable terms. GCL is a subsidiary of Greater Nevada Credit Union (GNCU).
Headquartered in Cupertino, California , 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 greenhouse gas emissions. Founded in 2006, Aemetis has completed Phase 1 and is expanding a California biogas digester network and pipeline system to convert dairy waste gas into Renewable Natural Gas. Aemetis owns and operates a 65 million gallon per year ethanol production facility in California's Central Valley near Modesto that 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 is developing the Carbon Zero sustainable aviation fuel (SAF) and renewable diesel fuel biorefineries in California to utilize distillers corn oil and other renewable oils to produce low carbon intensity renewable jet and diesel fuel using cellulosic hydrogen from waste orchard and forest wood, while pre-extracting cellulosic sugars from the waste wood to be processed 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 additional information about Aemetis, please visit www.aemetis.com.
View original content to download multimedia:https://www.prnewswire.com/news-releases/greater-commercial-lending-completes-25-million-in-financing-for-dairy-farm-biogas-digesters-and-pipeline-to-produce-renewable-natural-gas-301642744.html
Plug Power is building green hydrogen plants to produce 500 tons of liquid hydrogen per day by 2025.
The coldest air of the season has the South in its sights and near-freezing temperatures could set new record lows across a wide swath of the region. AccuWeather meteorologists are tracking a powerful disturbance as it sweeps through the central and eastern United States. While this storm brings the first snowflakes of the season to parts of the Northeast, areas farther south will be in line for a dose of bitter cold that some may not be accustomed to handling so early in the season. "A shot of
Elevated prices for natural gas, heating oil, propane and electricity are colliding with forecasts for slightly colder temperatures.
Kaye Lifestyle Homes takes hurricane-resilient design to the next level
Neighborhoods powered by solar panels with backup batteries weathered the direct onslaught of Hurricane Ian in Florida, utilities and developers said, keeping the lights on throughout the storm while millions of others lost power. At least three solar-powered communities near Fort Myers and Tampa made it through Ian without losing electricity. At the new Medley neighborhood south of Tampa, utility Tampa Electric Co. has a pilot project with 37 new homes equipped with utility-owned rooftop solar and home batteries.
It’s not just snow and smog you have to worry about in these locations.
Earlier Saturday, the National Hurricane Center’s map showed post-tropical Karl in Mexico and a second wave off the coast of Africa.
Europe’s scramble to wean itself off Russian natural gas faces its first big test in coming weeks, with falling temperatures expected to boost demand amid tight supplies and high prices.
The last dairy farm in Sutton, Whittier Farms was founded in 1945 by Robert and Harold Whittier.
(Bloomberg) -- Lixil Corp., a maker of toilets sold under brand names including Grohe and American Standard, wants to tackle a different kind of waste: The millions of tons of plastic dumped into landfills or oceans.Most Read from BloombergNATO-China Tension Over Ukraine Flares at Conference in IcelandSecret Service Minimized Threats Before Jan. 6, Records ShowRolex Prices to Drop Further as Supply Surges: Morgan StanleyThe Japanese company has developed a new material that’s made from recycled
Repairing the three-mile connection between Sanibel Island and the mainland passed a major milestone. When can residents use the bridge?
A prolonged drought is creating traffic jams and leading to stuck boats in the Mississippi River at the worst possible time.
No, hybrids don’t need to be plugged in at an outlet or a charging station. Here’s why.By Keith BarryOne of the most common questions we get about hybrid vehicles is whether or not they need to b...
A staggering amount of heat-related records have been shattered across the Northwest so far this month, which is leading to some unwanted consequences. Mother Nature may have residents across the Northwest checking their calendars to make sure it is indeed mid-October, as temperatures more typical of August have been observed. In addition to the summer-type warmth, wildfire and smoke concerns remain a daily worry during a time when the season typically nears its end. While it is difficult to com
Families who work and live along the St. Johns River near Astor, Florida, are bracing for the likelihood of several more weeks of stubborn flooding.
Households across the U.S. could pay 17% more in order to heat their homes this winter, and those costs are expected to be even more in New England.
EVs generally require less maintenance than their internal-combustion counterparts but they are still complex machines that require service and maintenance.
The Lake Norman real estate market remains among the largest in the nation, holding steady over the past year, according to Lake Homes Realty’s fall 2022 report.
The 341-pound, nearly 11 foot-long female shark has been swimming along the South Carolina coast all week.
Climate change is terrifying. The thought of the sea level rising 1.6 feet seems unimaginable, but it’s very real. For years, scientists and governmental bodies like the United Nations have warned that climate change could completely change our planet. Despite that, there’s still a lot we don’t understand about climate change. But NASA’s newest mission … The post NASA is making it even easier for scientists to understand climate change appeared first on BGR.