Aemetis Resumes Operations At 65 MGY California Biofuel Plant After Completing Extensive Maintenance And Upgrades
Portfolio Pulse from Happy Mohamed
Aemetis, Inc. (NASDAQ: AMTX) has resumed production at its 65 million gallon per year capacity Keyes, California ethanol plant after completing extensive maintenance and system upgrades. The upgrades include a new Allen Bradley Decision Control System (DCS) with over 1,100 sensor connections to enhance automation and enable AI management of energy use. The company received $16.7 million in grants from the California Energy Commission and Pacific Gas & Electric for the upgrades.
May 25, 2023 | 12:22 pm
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Aemetis has resumed production at its Keyes, California ethanol plant after completing extensive maintenance and system upgrades, including a new AI-enabled energy management system.
The resumption of production at the Keyes plant is a positive development for Aemetis, as it demonstrates the company's commitment to improving its operations and reducing carbon emissions. The extensive upgrades, including the AI-enabled energy management system, will likely enhance the efficiency and competitiveness of the plant, potentially leading to increased revenues and profitability for the company. The $16.7 million in grants received for the upgrades also highlights the support from regulatory bodies, which could further boost investor confidence in the company's growth prospects.
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