Aemetis inks license agreement with Chevron Lummus Global

Aemetis, Inc., an advanced fuels and renewable chemical company, announced that it had signed a license agreement with Chevron Lummus Global (CLG). The agreement provides for the inexpensive and rapid production of renewable jet and diesel fuel through the conversion of existing biofuels and petroleum refineries. The license agreement grants Aemetis Advanced Fuels Inc. the use of the Biofuels ISOCONVERSION Process which it will use in its biorefineries throughout North America for the production of 100% drop-in renewable jet and diesel fuel from plant oils.
“This technology is ideally suited for the conversion of existing biofuels production facilities by utilizing the rail siding, feedstock unloading, raw material storage tanks, power generation units, Clean In Place system, neat fuel storage tanks and loadout equipment,” said Eric McAfee, Chairman and CEO of Aemetis. “Expanding or converting existing biofuels and refining facilities to use the Biofuels ISOCONVERSION Process accelerates the scale up of production to supply the 70 billion gallon per year global market for jet fuel and the 50 billion gallon U.S. market for diesel.” (August 22, 2012)