Curated News
By: NewsRamp Editorial Staff
February 26, 2025
Aemetis Receives $6 Million Cash from Sale of Investment Tax Credits for Renewable Natural Gas Projects
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- Aemetis, Inc. received $6 million in cash from the sale of $7.7 million IRA investment tax credits, reducing dependence on imported crude oil.
- Aemetis generated IRA Section 48 investment tax credits from dairy biogas digesters in Q4 2024, sold to a corporate purchaser as part of a multi-closing purchase arrangement.
- Aemetis Biogas project in California aims to reduce greenhouse gas emissions equivalent to 6.8 million metric tons of carbon dioxide over ten years.
- Aemetis Biogas plans to capture methane from dairy waste and produce 1,650,000 MMBtu of renewable natural gas annually.
Impact - Why it Matters
This news showcases Aemetis' successful efforts in funding renewable energy production and reducing greenhouse gas emissions. The company's innovative projects not only generate cash proceeds but also contribute to a more sustainable future by capturing methane emissions and producing renewable natural gas.
Summary
Aemetis, Inc. announced the receipt of $6 million cash from the sale of $7.7 million of Investment Tax Credits generated by renewable natural gas projects. The IRA provides transferable federal income tax credits for investments in renewable fuel projects. Aemetis plans to produce 550,000 MMBtu of RNG per year and reduce greenhouse gas emissions by capturing methane from dairy waste lagoons.
Source Statement
This curated news summary relied on this press release disributed by NewMediaWire. Read the source press release here, Aemetis Receives $6 Million Cash from Sale of Investment Tax Credits for Renewable Natural Gas Projects
