Aemetis Biogas constructs and operates 300,000 MMBtu of RNG annually

In California, Aemetis Biogas completed a key milestone of constructing and operating dairy digesters with a capacity to produce more than 300,000 MMBtu of renewable natural gas (RNG) per year. Additionally, the planned construction of new digesters is expected to increase the annual RNG production rate to over 800,000 MMBtu by the third quarter of 2025, more than a 150% increase from the current production rate.

The California Low Carbon Fuel Standard (LCFS) credits generated by Aemetis Biogas are currently based on a negative 150 Default pathway carbon intensity (CI). The CI is expected to decrease to below negative 320 CI when CARB approves Provisional pathways for each digester. The revenue generated from LCFS credits earned at the improved CI of the Provisional pathway will be approximately 85% more than the default pathway revenue.

On November 8, 2024, the California Air Resources Board is scheduled to hold a hearing where it is expected to adopt an LCFS mandate through the year 2045 with the goal of significantly increasing the demand for LCFS credits and increasing LCFS credit prices.