Aemetis Biogas closes $25 million USDA-guaranteed financing for AD facilities

Aug 03, 2023

Aemetis, a renewable natural gas (RNG) and renewable fuels company focused on negative carbon intensity products, has announced the closing of its second $25 million (€22.7 million) 20-year term loan.

It was guaranteed by the U.S. Department of Agriculture (USDA) for a total of $50 million (€45.5 million) of Aemetis Biogas project financing, arranged by Greater Commercial Lending (GCL) in the past nine months.

The Aemetis Biogas Central Dairy RNG Project is now fully funded to build biogas digesters and related assets for eight additional dairies using the $9.4 million (€8.5 million) of equity financing already provided by Aemetis and the $25 million (€22.7 million) of new debt financing guaranteed by the USDA.

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Regulations help markets and industry exist on level playing fields, keeping consumers safe and innovation from going too far. However, incredibly strict regulations can stunt innovation and cause entire industries to wither away. Dr. Peter James Facchini brings his perspective on how existing regulations have slowed the advancement of medical developments within Canada. Given the international concern of opium poppy’s illicit potential, Health Canada must abide by this global policy. But with modern technology pushing the development of many pharmaceuticals to being grown via fermentation, is it time to reconsider the rules?

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