In Nevada, Greater Commercial Lending (GCL), which provides government-guaranteed loans to businesses and organizations in under-served and rural communities, has completed its second $25 million loan for the Aemetis Biogas Central Dairy Digester Project. The first $25 million loan was completed in October 2022.
The loan, guaranteed by the U.S. Department of Agriculture (USDA) through the Rural Energy for America Program (REAP), will finance the construction of biogas digesters and related assets for eight dairies located in Stanislaus County and Merced County, California. The digesters capture biomethane from animal waste, which is delivered via pipeline to a central facility that converts the biogas into carbon negative renewable natural gas (RNG) for use as a transportation fuel. The RNG has a negative Carbon Intensity rating because it removes damaging methane gas emissions from the environment and converts the biomethane into a transportation fuel to replace diesel.
