VISALIA, CA -- (Marketwired) -- 03/24/16 -- Edeniq, Inc., a biorefining and cellulosic technology company, and Aemetis, Inc. (NASDAQ: AMTX), an advanced renewable fuels and renewable chemicals company, today announced they have entered into a License Agreement under which Aemetis will deploy Edeniq's Pathway technology at its 60 million gallon per year ethanol production facility located in Keyes, California.
Edeniq's Pathway Technology integrates Edeniq's Cellunator equipment with cellulase enzymes to convert corn kernel fiber to cellulosic ethanol. The Pathway Technology utilizes existing fermentation and distillation equipment to produce up to 2.5% cellulosic ethanol and a 7% increase in overall ethanol yield.
"We selected Edeniq's technology because we believe it is the fastest and most cost-efficient route to cellulosic ethanol," said Eric McAfee, Chairman and Chief Executive Officer of Aemetis. "This partnership is part of our commitment to being a leader in the transition toward advanced biofuel production in the United States and globally."
"Aemetis joins a growing list of customers that trust Edeniq to provide best-in-class technology solutions and services," said Brian Thome, President and CEO of Edeniq. "Our team is looking forward to working with the Aemetis team to integrate our technology into their facility."
Edeniq is the leader in developing analytical methods to quantify cellulosic ethanol co-produced with first-generation ethanol during fermentation, which is required to access regulatory value including D3 Renewable Identification Numbers (RINs). Aemetis plans to use Edeniq's methods to submit a registration to the U.S. Environmental Protection Agency for D3 RINs.
About Aemetis, Inc.
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 first-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. 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 and Europe. Aemetis operates a research and development laboratory at the Maryland Biotech Center, and 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.
About Edeniq, Inc.
Edeniq has developed leading processes for producing low-cost cellulosic sugars and cellulosic ethanol. Edeniq's capital light and operationally efficient solutions can be easily integrated into existing biorefineries that produce ethanol, other biofuels, biochemicals, and/or bio-based products. Edeniq currently sells or licenses its technologies to biorefineries in the United States. Edeniq was founded in 2008 and is headquartered in Visalia, California with a field office in Omaha, Nebraska. More information can be found at www.edeniq.com.