Aemetis RNG production exceeds plan by 20% during Q2

Aemetis announced that its Aemetis Biogas subsidiary is operating the Central Dairy Project production facilities 24 hours per day, seven days per week, and exceeded the RNG production plan by approximately 20% during Q2 2023. “The June 21st announcement by the federal EPA of the Renewable Volume Obligation for years 2023, 2024 and 2025 significantly increased the mandate for the D3 Renewable Identification Numbers generated by RNG,” said Eric McAfee, Chairman and CEO of Aemetis, Inc. “Each MMBtu of dairy RNG generates 11.7 D3 RINs and the Aemetis Five Year Plan expects 1 million MMBtu in year 2025. The price of D3 RINs has already increased about 30% to $2.85 since the RVO was announced last week.”