Aemetis Inc.
November 7, 2014
BY Erin Krueger
Aemetis Inc. has announced plans to establish a facility to produce liquefied carbon dioxide adjacent to its 55 MMgy ethanol plant in Keyes, California.
On Oct. 21, Aemetis filed a document with the U.S. Securities and Exchange Commission indicating its wholly owned subsidiary Aemetis Advanced Products Keyes Inc. entered an agreement with Denmark-based Union Engineering to design and construct the facility. That agreement was signed on Oct. 15.
According to the SEC filing, the facility will have the capacity to produce approximately 220 million pounds of liquefied carbon dioxide per year, which equates to approximately 300 tons per day.
Design and engineering work is underway, and the $15 million project is expected to begin operations during the fourth quarter of 2015.
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Within the filing, Aemetis indicated additional operating costs of the liquefied carbon dioxide facility will come primarily from electrical power consumption. The company plans to sell the liquefied carbon dioxide product primarily to end users and distributors in the Central Valley of California.
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