Aemetis sells first D3 RINs from California biogas project

In California, Aemetis announced the sale of 88,883 D3 Renewable Identification Number credits (RINs), the company’s first commercial D3 RIN transaction under the federal Renewable Fuel Standard (RFS) generated by the Aemetis Biogas Central Dairy Digester Project in California. The D3 RINs were generated by the sale of dairy renewable natural gas (RNG) delivered to customers in June 2023 and begins ongoing monthly revenues from the sale of D3 RINs.

The federal D3 RINs that were sold completed an independent review to enable the sale to be entirely comprised of Qualified RINs (QRINs) that have been verified to conform with regulations and identify sourcing.  Separately, the California Low Carbon Fuel Standard (LCFS) credits from Q2 2023 production are expected to be generated at the end of Q3 after a verification process has been completed.

The Aemetis Biogas Central Dairy RNG Project has signed 37 diaries to supply biogas digesters with animal waste; has built and is operating seven dairy digesters; has installed over 33 miles of biogas pipeline which is planned to be utilized for the next 30 digesters; built and is operating a centralized biogas-to-RNG production facility; and has interconnected the RNG production facility to the PG&E gas utility pipeline.