Aemetis signs 450M-gallon renewable diesel supply agreement with travel-stop company
Aemetis Inc. has signed a 10-year renewable diesel supply agreement for 450 million gallons with an industry-leading travel-stop company, which is expected to generate more than $3 billion in revenue, Aemetis stated Dec. 17.
“This supply agreement represents the largest supply contract signed by Aemetis for our Riverbank Carbon Zero Plant,” said Eric McAfee, founder, chairman and CEO of Aemetis. “Combined with $2.1 billion of signed sustainable aviation fuel (SAF) contracts, we have now signed more than $5 billion of binding offtake contracts related to the Riverbank production facility and also have MOUs signed with seven airlines for additional contracts.”
The Carbon Zero project in Riverbank, California, is anticipated to ultimately produce 90 million gallons of renewable diesel and SAF per year once both phases of development are complete, according to Aemetis.