Aemetis awarded first CO2 sequestration characterization well permit by CA

Aemetis announced that its Aemetis Carbon Capture subsidiary has been awarded the first CO2 sequestration characterization well permit issued by the State of California, CA. All of the necessary city, county, regional and state agency permits have been received to drill the CO2 sequestration characterization well on the 24-acre Riverbank site that was acquired by Aemetis in 2022. A high capacity access road and operational pad for the deep well drilling rig and related equipment has already been completed. “We would like to express appreciation to the White House and the federal EPA in Washington DC and San Francisco for their strong support of the Aemetis project and willingness to work proactively with California agencies to review the project and issue the various permits required to drill the Riverbank CO2 characterization well,” stated Eric McAfee, Chairman and CEO of Aemetis, Inc. “Brian is a former Exxon refining engineer and has commissioned a $10 billion refinery and a $4 billion refinery as project manager. Working together for the past five years on a variety of projects, the Aemetis and ATSI team has demonstrated an ability to timely execute on one of the most complex parts of a CCS project – well drilling permits.”