Aemetis completes construction funding from $25M USDA loan

Aemetis announced the deployment of the entire $25M of funding provided under the previously announced USDA-guaranteed loan for its Aemetis Biogas 1 project company. In addition to the USDA-guaranteed funding, Aemetis Biogas invested $30 million of project equity and has obtained $23 million of grants to date. “Aemetis Biogas is actively growing by constructing additional digesters with a goal of operating digesters supplied by 18 dairies by the end of 2024,” stated Eric McAfee, Chairman and CEO of Aemetis. “The funding received by Aemetis Biogas from the 20-year USDA-guaranteed financings allows us to expand the capture of biomethane at dairies to improve local air quality, reduce the global warming effects of methane emissions, and replace fossil diesel fuel in trucks in California.”