debt
confidence high
sentiment positive
materiality 0.60
Aemetis closes $25M USDA-backed financing for dairy biogas digesters and pipeline
AEMETIS, INC
- $25M construction loan from Greater Nevada Credit Union; 5.95% interest, matures March 2023.
- Long-term USDA REAP-guaranteed financing (20-yr, ~6% fixed first 5 yrs) with Greater Commercial Lending to refinance.
- Funds six dairy digesters and biogas pipeline to Keyes ethanol plant; completion targeted Q1 2023.
- Project ultimately plans to connect 66 dairies via 40-mile pipeline, capturing 1.65 MMBtu methane/yr.
- RNG to be used as transportation fuel via PG&E pipeline; reduces GHG equivalent to 150,000 cars/yr.