Advanced Technology for Fossil Fuel Oil Extraction Project

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Press Release

Exemplar Approved EB-5 Project within 2020 TEA
January, 2020

With recent changes to the EB-5 program, our mutual clients will be looking for EB-5 projects that qualify for the lower $900,000 TEA investment.

How Does the New TEA Designation Process Change the EB-5 Market?

The change in TEA designation will virtually eliminate more than 75% of the Regional Centers and projects in the market. Regional Center terminations issued by USCIS for inactivity and non-compliance will continue to climb in 2020. New projects with pending application will not qualify nor will existing projects be able to continue to raise EB-5 capital at the discounted level if they don’t meet the requirements. As intended, the focus will shift to projects that are located in more rural areas that are in need of economic stimulus.

The EB-5 Modernization Rule, increased the minimum EB-5 investment amounts for TEA EB-5 projects from $500,000 to $900,000 and the non-TEA minimum investment amount increased from $1 million to $1.8 million. Targeted employment areas are either designated as rural or areas that have an unemployment population that is at least 150% the national average.

Securing TEA designation for an EB-5 project is critical to attract EB-5 investors with its reduced investment amount. EB-5 investors are simply not motivated to risk two times the amount of capital ($1.8 million) to invest in an EB-5 project that does not qualify as a TEA.

We have a Renewable Fuels project in prime position and location to fill this need.

The AAPK plant, a Phase two EB-5 visa program project, will be using waste wood that comes every year out of the California central valley, turning it into fuel grade ethanol that's used in gasoline.

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In order to provide a higher level of certainty and assurance for EB-5 investors, the CEIC sought out Vermillion Consulting, to confirm if the AAPK project locations meet the “new” TEA requirements. Kim Atteberry, Former USCIS Chief Economist reports that the Aemetis Advanced Products Keyes ("AAPK") project falls within two, unique, high unemployment TEAs. Both of these TEAs will satisfy regulatory requirements of the Final 2019 Rule.

Vermillion Consulting is managed by Ms. Kim Atteberry, who served as Chief Economist for USCIS from 2009 to 2011, and has worked as an EB-5 service provider in the private sector since that time. Consequently, Ms. Atteberry is thoroughly familiar with the laws concerning the EB-5 investor visa program and the required procedures for determining whether an investment location exists within a qualified TEA.

Vermillion determined that the Aemetis project sites located at 5300 Claus Rd, Modesto, California and 4209 Jessup Rd, Keyes, California fall within two, unique, high unemployment TEAs. All of these TEAs will satisfy regulatory requirements.

TEA Confirmation Letters

New AAPK EB-5 Project in Qualifying TEA with Exemplar Approval

Exemplar Approval

EB-5 Project Description

Aemetis Advanced Products Keyes, Inc. (“the Project Company”) will construct, operate and maintain a multi-feedstock-capable production facility to produce advanced ethanol, renewable hydrogen, and related products.

The Project Company will also construct, operate and maintain an integrated advanced ethanol facility (“bio-refinery”) using the existing assets at the Aemetis Keyes site and will utilize additional assets at nearby facilities for receiving, preprocessing, and storage of feedstocks.

Project Highlights

  • TEA Qualified - TEA Confirmation Letter
  • Exemplar Approved - USCIS Exemplar Approval
  • Proven Track Record - Phase 1 100% I-526 Approval Rating
  • National Interest Expedite “NIE” Filed with USCIS
  • Government Support

USDA SUPPORT FOR NATIONAL INTEREST EXPEDITE FILING AIMED TO REDUCE PROCESSING TIMES

"The Aemetis Project in Riverbank, which the USDA, Energy Programs supports, directly fulfills the strategic initiative for helping to regain American energy dominance as detailed in the Rural Prosperity Report. The use of biofuels, such as those planned to be produced by the Aemetis Project, are mandated under the Energy Independence and Security Act of 2007 (EISA) in order to curb dependence on foreign oil and enhance energy security through encouraging domestic production of alternative fuels in the United States."
U.S. Department of Agriculture
USDA Aemetis Support Letter

The USDA is supporting this expedite request because it strongly believes the Project answers the calls to actions described in the October 2017 Report to the President of the United States from the Task Force on Agriculture and Rural Prosperity presented by Agriculture Secretary Sonny Perdue.

The Task Force, comprised of over 20 government agencies and offices, was established by President Trump through Executive Order 13790 on April 25, 2017, with Secretary Perdue serving as the Chair.

The Report outlines five (5) Calls to Action:

  1. Achieving e-Connectivity for Rural America
  2. Improving the Quality of Life
  3. Supporting a Rural Workforce
  4. Harnessing Technological Innovation
  5. Developing the Rural Economy
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In its letter, the USDA points out that to further develop the rural economy is to "Regain American Energy Dominance."

As indicated in the USDA letter, the report concludes:

"Rural America is a source of resources that can fuel the nation and the world. Boosting production of all sources of energy from natural gas, oil, coal, nuclear, and renewables is essential to America's national security interest and rural America's economy. The federal government must ensure a regulatory environment which can unleash this potential while keeping Americans safe and healthy. This increase in production of domestic fuels will bring jobs back to rural America and promote energy security. We must also continue research and development for new sources of energy to ensure that America leads the world in innovative energy sources. Overall, this boost in energy production will benefit rural communities, boost tax revenues, and increase our power in the global energy market."

In particular, the USDA states:
"The Aemetis Project in Riverbank, which the USDA, Energy Programs supports, directly fulfills the strategic initiative for helping to regain American energy dominance as detailed in the Rural Prosperity Report. The use of biofuels, such as those planned to be produced by the Aemetis Project, are mandated under the Energy Independence and Security Act of 2007 (EISA) in order to curb dependence on foreign oil and enhance energy security through encouraging domestic production of alternative fuels in the United States."

The Energy Independence and Security Act mandated the use of 19 billion gallons of renewable fuels in 2018, increasing to up to 36 billion gallons by 2022.

USDA states:
"Projects such as the Aemetis Project are needed to demonstrate new technologies in order to reach the goals established in the 2007 Energy Independence and Security Act."

About the Regional Center

California Energy Investment Center, LLC ("CEIC") was approved on August 12, 2009 and has provided EB-5 opportunities that have created over $4 billion in capital investment with the creation of over 20,000 jobs in high unemployment areas.

The CEIC has offices in Cupertino (California's Silicon Valley), Fresno (California's Central Valley), and near Sacramento (California's State Capitol).

For Regional Center information contact:
California Energy Investment Center, LLC
Mr. Michael Penbera, Executive Director
+1 (916) 990-6599 Call Now

Email Michael Penbera CEIC Website

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