It still gets better NEVO Motors website up tonight NEVO PR out likely to be pr by AMTX tomorrow. AMTX Dairy Biogas PR Weds morning driving pps today. see below Nevo pr.
https://nevomotors.com/ NEVO MOTORS, INC. Company Contact: Michael Peterson (925) 998-9928 info@nevomotors.com Nevo Motors Signs Strategic Agreement and Issues Equity Stake to Aemetis to Produce Low and Zero Emission Heavy Duty Trucks for $90 billion Annual Market Plan to Use Patented Range Extender Engines Designed to Meet Low and Zero Emissions Vehicle (ZEV) Standards CUPERTINO, CA – December 22, 2020 – Nevo Motors, Inc. announced today that the Aemetis Properties Riverbank, Inc. subsidiary of Aemetis, Inc. (NASDAQ: AMTX) acquired approximately 20% ownership of Nevo Motors under a Strategic Electric Vehicle Production Facilities Agreement that will utilize current and future Aemetis manufacturing facilities and fueling stations, as well as renewable natural gas and renewable electricity produced by Aemetis. “Nevo” means “New Electric Vehicle Optimization” and is a stealth mode company with product launch planned for Q1 2021. “Nevo Motors plans to replace diesel engines in the $90 billion per year trucking industry with hybrid electric systems that combine electric drivetrains, batteries and patented range extender generators,” stated Michael Peterson, CEO of Nevo Motors. “Long haul and other diesel trucks can be powered by low carbon, lower cost, domestically produced renewable natural gas and biofuels that expand local investment and jobs instead of continuing to export investment capital to other countries to purchase imported petroleum.” The first trucks in the Nevo product line of electric heavy-duty trucks with range extender generators for long haul and local transportation markets are scheduled for production in 2021. High Capacity Electric Vehicles (HCEV’s) from Nevo Motors are designed for heavy cargo and long range by using on-board range extender generators powered by renewable natural gas (“RNG”), with future electric truck models designed to use patented hydrogen and ethanol range extenders. The goal is to achieve major reductions in operating and maintenance costs while largely eliminating carbon and pollution emissions in highway cargo transport by meeting Zero Emission Vehicle (“ZEV”) standards using renewable fuels. “Aemetis is excited to become a significant shareholder of Nevo Motors just prior to the launch of the Nevo truck product lines planned in 2021,” stated Eric McAfee, Chairman and CEO of Aemetis. “This strategic agreement utilizes the production buildings, onsite railroad, renewable electricity substation and other facilities at the Aemetis 140-acre, 710,000 square foot Riverbank, California manufacturing facility, as well as other Aemetis infrastructure, renewable energy products, and expertise in renewable fuels credits and markets.”
Aemetis produces below zero carbon intensity RNG with plans to grow from two dairies to as many as 50 dairies in the Aemetis Biogas Central Dairy Digester Cluster and other California dairy digester and pipeline projects. “By far, the highest and best use of renewable natural gas is to displace diesel in transportation, which means that Aemetis RNG should be used to power long haul and delivery trucks to maximize the financial results of our RNG projects,” stated McAfee. “RNG can directly fuel natural gas vehicles, and the batteries in RNG electric trucks can be charged by converting RNG to electricity. Aemetis ethanol can fuel future models of Nevo Motors Zero Emissions Vehicles, creating up to $1.00 per gallon of additional value for ethanol producers by selling directly to truck fleets and truck stops while not requiring a 10% blend of ethanol with gasoline.” Funded with more than $200 million of equity and credit facilities, Aemetis has completed Phase 1 and is now in Phase II of construction for production of below zero carbon renewable natural gas from the 17-dairy Aemetis Biogas Central Dairy Digester Cluster. About Aemetis 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 traditional petroleum-based products. 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 (RNG). 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 a plant in California to convert waste orchard wood into cellulosic ethanol and renewable hydrogen. Aemetis holds a portfolio of patents and related technology licenses for the production of renewable fuels and biochemicals. For additional information about Aemetis, please visit www.aemetis.com. About Nevo Motors Headquartered in Cupertino, California, Nevo Motors is commercializing patented range extender generator technology that retains the high torque, fuel efficiency, and durability benefits currently associated with diesel engines, yet eliminates the need for Selective Catalytic Reduction (SCR) and Diesel Emission Fluid (DEF). By replacing high-carbon, petroleum-based diesel fuel with 100% low-carbon, renewable fuels, Nevo Motors plans to significantly reduce CO2 and particulate-matter emissions to meet Zero Emission Vehicle (ZEV) standards. Nevo Motors was originally founded in 2009 as a large-scale solar developer project company named Solargen Holdings, Inc., whose parent company raised two rounds of institutional funding from international and domestic investors. Solargen completed the project development of a 399- megawatt solar project in California that was acquired and is being built out by a major utility. Nevo Motors has been in stealth mode during product development and plans to publicly launch in Q1 2021. For additional information about Nevo Motors, please visit www.nevomotors.com.
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Aemetis Receives LCFS Pathway Approval Utilizing Dairy Biogas For Production of Renewable Transportation Fuel
Negative 426 Carbon Intensity Biogas Used as Process Energy to Reduce Ethanol CI and Generate Additional LCFS Credits
CUPERTINO, Calif., March 31, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire – Aemetis, Inc. (NASDAQ: AMTX), a renewable natural gas and renewable fuels company focused on negative carbon intensity products, announced today that it has received certification from the California Air Resources Board (CARB) for a new LCFS Tier 2 fuel pathway for the Aemetis Advanced Fuels Keyes ethanol production plant utilizing renewable dairy biogas as a process energy input. The new pathway reduces the carbon intensity (CI) of Aemetis’ fuel ethanol from 67.3 to 65.6 utilizing dairy biogas from two dairies with an average CI score of negative 426 (-426).
Aemetis began operating two anaerobic dairy digesters and a 4-mile private pipeline in September 2020 near the company’s ethanol biorefinery in Keyes, California. The new ethanol pathway certification from CARB is effective as of October 1, 2020.
The Aemetis Central Dairy Digester Project is a collection of dairy lagoon anerobic digesters that are built, owned, and operated by Aemetis Biogas LLC utilizing waste animal manure to generate renewable methane gas to produce negative carbon intensity RNG for transportation use to displace petroleum diesel fuel. An estimated 25% of methane emissions in California is produced by dairy waste lagoons.
Once complete, the Aemetis Central Dairy Digester Project is expected to include over 30 dairy digesters in the current phase (with plans to expand to more than 52 dairies), and utilize 36 miles of private pipeline owned by Aemetis, a centralized gas clean up unit located at the Aemetis Keyes ethanol biorefinery, a Renewable Natural Gas onsite fueling station, and an interconnection to PG&E’s natural gas pipeline.
“This is another significant step in our multi-year plan to de-carbonize the Keyes ethanol production facility,” said Eric McAfee, Chairman and CEO of Aemetis, Inc. “This CARB Pathway approval is our first utilization of negative CI dairy biogas to produce transportation fuel. The Aemetis Keyes biorefinery is expected to serve as the hub for the processing and distribution of our negative carbon intensity RNG and allow us to serve multiple markets with low or below zero CI liquid and gas renewable fuels. We’d like to thank the staff at CARB for their diligent and professional work. We look forward to working with them as we rapidly expand the deployment of our negative CI transportation fuel,” added McAfee.
The Company plans to begin construction of the next five dairy digesters and the additional 32 miles of biogas pipeline in the second quarter of 2021, with five more dairy digesters set to begin construction in the third quarter of 2021 and five digesters beginning in Q1 2022, for a planned total of seventeen dairy digesters and a 35-mile biogas pipeline in operation by Q2 2022.
About Aemetis
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 (RNG). 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 renewable jet and diesel fuel integrated biorefineries in California to utilize distillers corn oil from ethanol plants to produce low carbon intensity renewable jet and diesel fuel using cellulosic hydrogen from waste orchard wood and other negative carbon intensity biomass, and pre-extract cellulosic sugars from the waste biomass to be processed into high value cellulosic ethanol at the Keyes plant. Aemetis holds a portfolio of patents and related technology licenses to produce renewable fuels and biochemicals. For additional information about Aemetis, please visit www.aemetis.com.
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20% owner in a EV truck power system. Zero carbon ethonal and jet fuel from cow farts. This is huge huge news for tiny 8 mil tradable float AMTX. The next 30 mil share day AMTX will double from current price. This is a buy n hold stock for the foreseeable future. New Greendale Leader AMTX I wont be suprised to see this triple digits.