Aemetis Signs Agreement with NPL Construction Co. for $30 Million Mechanical Vapor Recompression System at Keyes Ethanol Plant
1. Aemetis signed a $30 million EPC contract for a new MVR system. 2. The project aims to reduce gas usage by 80% at the Keyes plant. 3. Estimated annual cash flow from energy savings could reach $32 million. 4. Tax credits and grants of $19.7 million have been secured for the project. 5. MVR system will enhance operating margins and reduce emissions.