Aemetis rises on securing $25 mln financing for biogas project

Aemetis

06/10/2022 15:26

** Shares of renewable natural gas and fuels company,
Aemetis Inc  AMTX.O  up 3.5% at $6.9
    ** Co says it has closed $25 mln of long-term financing with
credit organization, Greater Commercial Lending (GCL) for its
biogas project located in California
    ** The long-term, 20-year project financing was guaranteed
by the U.S. Department of Agriculture through the Rural Energy
for America Program - AMTX
    ** Co says the project processes methane from California
dairy farms into renewable natural gas for use as low-carbon
transportation fuel
    ** AMTX expects the project to be completed in Q1 2023
    ** So far this year, AMTX shares decline ~42%
 (Reporting by Ankit Kumar in Bengaluru)
 ((Ankit.Kumar2@thomsonreuters.com))