Aemetis, Inc. | Aemetis Biogas Receives Proceeds from Sale of $7.7 million of Investment Tax Credits

US-based Aemetis, Inc., a renewable natural gas and renewable fuels company, announced the receipt of $6 million in cash from the sale of $7.7 million in Inflation Reduction Act investment tax credits. These credits were generated by the construction of dairy biogas digesters by Aemetis Biogas, a subsidiary of the company. The credits were sold to a corporate purchaser as part of a multi-closing purchase arrangement. Aemetis is operating twelve dairy digesters and a biogas pipeline to produce renewable natural gas, expecting to produce 550,000 MMBtu of RNG per year. The project aims to reduce greenhouse gas emissions equivalent to 6.8 million metric tons of carbon dioxide over ten years.