CUPERTINO, CA / ACCESSWIRE / August 4, 2017 / Aemetis, Inc. (NASDAQ: AMTX) announced today that it has signed a Master Agreement
with key exclusive rights for the use of an advanced gasification technology from InEnTec, Inc. of Richland, Washington to produce
cellulosic ethanol. The InEnTec gasification technology agreement is a key part of Aemetis' strategy to produce high value, low
carbon cellulosic ethanol from locally sourced biomass by integrating InEnTec's patented advanced gasification technology with
LanzaTech's patented microbial fermentation technology.
InEnTec has successfully installed 13 units worldwide since 1995. More than $130 million was invested in the development of the
InEnTec gasification technology. InEnTec's technology was developed at MIT and the Pacific Northwest National Laboratory with the
support of the US Department of Energy.
Under the Master Agreement, Aemetis has predominant exclusive rights to use the InEnTec gasification equipment and technology
for cellulosic ethanol production until 2024. The gasification technology complements Aemetis' current license with LanzaTech for
syngas-to-ethanol conversion, providing Aemetis with a complete technology solution to produce locally sourced, low carbon
cellulosic ethanol. "The high quality syngas produced by the InEnTec advanced gasifier feeds LanzaTech's patented microbe and
reactor system to generate high yields of low cost cellulosic ethanol," stated Eric McAfee, Chairman and CEO of Aemetis. "This
combination of technologies provides Aemetis with exclusive technology rights to a patent-protected and high value production
process."
Cellulosic ethanol significantly reduces transportation carbon emissions and under California's Low Carbon Fuel Standard will
qualify Aemetis for a far lower carbon intensity score than conventional ethanol. Cellulosic ethanol reduces greenhouse gas
emissions by approximately 80% compared to gasoline.
Under the federal Renewable Fuel Standard that was enacted in 2007, the cellulosic ethanol production mandate limit increases
each year to up to 16 billion gallons per year by 2022. The current market price of cellulosic ethanol sold in California is
estimated to be $4.50 per gallon, about $3.00 more per gallon than conventional ethanol.
About Aemetis
Headquartered in Cupertino, California, Aemetis is an advanced renewable fuels and biochemicals company focused on the
acquisition, development and commercialization of innovative technologies that replace traditional petroleum-based products by the
conversion of second-generation ethanol and biodiesel plants into advanced biorefineries. Founded in 2006, Aemetis owns and
operates a 60 million gallon per year ethanol production facility in California’s Central Valley, near Modesto. Aemetis also owns
and operates a 50 million gallon per year renewable chemical and advanced fuel production facility on the East Coast of India
producing high quality distilled biodiesel and refined glycerin for customers in India, the US and Europe. Aemetis holds a
portfolio of patents and related technology licenses for the production of renewable fuels and biochemicals. For additional
information about Aemetis, please visit www.aemetis.com.
Safe Harbor Statement
This news release contains forward-looking statements, including statements regarding our assumptions, projections,
expectations, targets, intentions or beliefs about future events or other statements that are not historical facts. Forward-looking
statements in this news release include, without limitation, Aemetis integration of InEnTec’s patented advanced gasification
technology and qualification of lower carbon intensity scores under California Low Carbon Fuel Standard. . Words or phrases such as
"anticipates," "may," "will," "should," "believes," "estimates," "expects," "intends," "plans," "predicts," "projects," "showing
signs," "targets," "will likely result," "will continue" or similar expressions are intended to identify forward-looking
statements. These forward-looking statements are based on current assumptions and predictions and are subject to numerous risks and
uncertainties. Actual results or events could differ materially from those set forth or implied by such forward-looking statements
and related assumptions due to certain factors, including, without limitation, competition in the ethanol, biodiesel and other
industries in which we operate, commodity market risks including those that may result from current weather conditions, financial
market risks, customer adoption, counter-party risks, risks associated with changes to federal policy or regulation, and other
risks detailed in our reports filed with the Securities and Exchange Commission, including our Annual Report on Form 10-K for the
year ended December 31, 2016, our Quarterly Report on Form 10-Q for the quarter ended March 31, 2017 and in our subsequent filings
with the SEC. We are not obligated, and do not intend, to update any of these forward-looking statements at any time unless an
update is required by applicable securities laws.
External Investor Relations Contact:
Kirin Smith PCG Advisory Group (646) 863-6519 ksmith@pcgadvisory.com Investor Relations/Media Contact:
Satya Chillara (408) 213-0939 schillara@aemetis.com
SOURCE: Aemetis, Inc.
