Aemetis awards EPC contract to instal Mechanical Vapor Recompression at Keyes plant
In California, Aemetis, Inc. announced that its Keyes plant subsidiary has signed an engineering, procurement, and construction (EPC) contract with NPL Construction Co., a subsidiary of Centuri Holdings, Inc., to install a Mechanical Vapor Recompression (MVR) system at the company’s 65 million gallon per year ethanol production facility in Keyes, California, with an estimated total project cost of $30 million.
The project has received approximately $19.7 million in tax credits and grants from the Internal Revenue Service (upon recommendation by the U.S. Department of Energy), California Energy Commission, and Pacific Gas & Electric. The MVR project is scheduled to complete construction in Q2 2026.
Once operational, the MVR system is projected to reduce natural gas usage at the Keyes plant by approximately 80%, generating an estimated $32 million of incremental annual cash flow from energy savings, increasing LCFS credits from a double-digit reduction in the carbon intensity of ethanol produced, and increasing transferrable Section 45Z production tax credits.
Category: Fuels
