In California, Aemetis purchased 24 acres, known as “Parcel B” on the Riverbank Industrial Complex site, to develop a Carbon Capture and Sequestration (CCS) injection well.
The company plans to construct a characterization well to obtain required data and final injection well design information that will be used for the EPA Class VI CO2 injection well permit application for the sequestration of approximately one million metric tonnes per year of CO2.
“The Riverbank Parcel B land purchase secures the key site for 1 million annual tonnes of planned CO2 injection to reduce the carbon intensity of Aemetis biofuels and sequester CO2 from other California industrial and agricultural sources,” said Eric McAfee, Chairman and CEO of Aemetis. “We have completed engineering and filed permits to drill a characterization well on the site as the next step in our CCS project, helping to close the gap on essential climate mitigation actions that can be accomplished today.”
