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Aemetis Negotiating Supply of 1.6 Million Metric Tonnes per Year of CO2 for Carbon Sequestration at California Biofuels Plant Sites
The sources of the CO2 are interesting: production of ethanol and scrubbing of CO2 from biogas anaerobic digesters of dairy cow manure for RNG. I was also surprised by the scale of the project revenue cited in the article. The figure was $500 million of revenue per year from sequestration of 2 million tons of CO2. That would correspond to $250 per metric ton of CO2. Both the IRS 45Q tax credit rules and the California LCFS rules are complex, but I don't think they total up to anywhere close to $250 per ton of CO2. Either it's an error in reporting, or there's a lot of leveraging going on.
Aemetis Negotiating Supply of 1.6 Million Metric Tonnes per Year of CO2 for Carbon Sequestration at California Biofuels Plant Sites
Two Carbon Sequestration Wells in Central California Under Development at Aemetis Biofuels Plant Sites to Capture and Sequester Two Million Metric Tonnes per Year of Carbon Dioxide CUPERTINO, CA, June 23, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire -- Aemet
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