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Press Release

COVID-19 Response From EB-5 Project Company

Sanitizer Products Demand In Light Of COVID-19 April 2020

Hand sanitizer is big news right now and that is because many people want to buy hand sanitizer, and there is not much to buy. Concerned shoppers across the US and UK have been panic-buying in bulk as a response to the Coronavirus or Covid-19 outbreak, which means we're now facing a huge shortage.

Source: MSN Article

EB-5 Project Delivers First Shipment Of Alcohol For The Production Of Hand Sanitizer

Aemetis EB-5 project company announced its 65 million gallon per year ethanol plant near Modesto, California has begun shipments of 200 proof alcohol for use in the production of hand sanitizer.

Aemetis is now the largest producer of alcohol for sanitizer in the Western US (Midwest ethanol plants produce industrial grade ethanol, but Aemetis is the only large ethanol producer for the sanitizer market located West of Colorado).

“Aemetis is moving quickly to help address the significant demand for hand sanitizer products in light of the COVID-19 pandemic during this time of national emergency,” said Andy Foster, President of Aemetis Advanced Fuels Keyes, Inc. “As the WHO and CDC strongly recommend the use of hand sanitizer products to help prevent the spread of Coronavirus, Aemetis is utilizing our ethanol production capability to address the current shortage of hand sanitizer by increasing the supply of high-proof alcohol used in the manufacturing of sanitizer products,” said Foster.

On March 19, 2020, for the first time in history the Tax and Trade Bureau (TTB) has waived provisions of internal revenue law with regard to distilled spirits, and therefore is providing certain exemptions and authorizations to distilled spirits permittees who wish to produce ethanol-based hand sanitizers to address the demand for such products during this emergency. This blanket approval for ethanol producers provides authorization for Aemetis to manufacture sanitizer for such markets as hand sanitizer.

Aemetis Press Release March 20, 2020

Aemetis, Inc. is a $200 million revenues Nasdaq-listed public company based in California with 110 million gallons of ethanol, biodiesel and refined pharma-grade glycerin production in California and India. Ethanol and pharma-grade glycerin are the primary components of Hand Sanitizer.

Coronavirus COVID-19 Global Reporting by the Resource Center of Johns Hopkins University reports 333,572 recovered worldwide.

Johns Hopkins Global Reporting

What To Do if You Are Sick

If you have a fever or cough, you might have COVID-19. Most people have mild illness and are able to recover at home. Keep track of your symptoms. If you have an emergency warning sign (including trouble breathing), get medical attention right away.

When to Seek Medical Attention
If you develop emergency warning signs for COVID-19 get medical attention immediately. Emergency warning signs include*:

  • Trouble breathing
  • Persistent pain or pressure in the chest
  • New confusion or inability to arouse
  • Bluish lips or face

*This list is not all inclusive. Please consult your medical provider for any other symptoms that are severe or concerning.

CDC DETAILS WHAT TO DO IF YOU ARE SICK

WHO Coronavirus Daily Press Briefing

The tips and resources below will help you learn about steps you can take to protect yourself and others from flu and help stop the spread of germs.

  1. Avoid close contact with people who are sick. When you are sick, keep your distance from others to protect them from getting sick.
  2. Stay home when you are sick.
  3. Cover your mouth and nose with a tissue when coughing or sneezing. It may prevent those around you from getting sick. Flu and other serious respiratory illnesses, are spread by cough, sneezing, or unclean hands.
  4. Washing your hands often will help protect you from germs. If soap and water are not available, use an alcohol-based hand rub.
  5. Avoid touching your eyes, nose or mouth, germs are often spread when a person touches something that is contaminated with germs and then touches his or her eyes, nose, or mouth.
  6. Practice other good health habits. Clean and disinfect frequently touched surfaces at home, work or school, especially when someone is ill. Get plenty of sleep, be physically active, manage your stress, drink plenty of fluids, and eat nutritious food.
CDC Guidelines

Thankfully CEIC has heavily invested into energy production, which has been unaffected by COVID-19. Mr. Eric McAffee, CEO of two CEIC EB-5 projects remarked:
"Unfortunately, EB-5 investments in hotels and residential medical facilities are facing shutdowns and employment layoffs due to a lack of demand during the Covid 19 virus crisis.

However, California ethanol biofuel is mandated by state and federal law. Aemetis projects are in high demand as a local production source for the 1.5 billion gallon California ethanol market.

In addition, ethanol markets are rapidly expanding as shortages are occurring in hand sanitizers and cleaning materials."

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Another benefit is that with the recent changes to the H-1B and EB-5 program, our clients will be looking for EB-5 projects that qualify for the lower $900,000 Targeted Employment Area (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 sanitizer alcohol 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 and sanitizer alcohol.

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

Exemplar Approval

TEA Confirmation

Letters

For More Information

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.

The new EB-5 project, will use waste wood that accumulates every year out of the California central valley, turning it into fuel grade ethanol that's used in gasoline and sanitizer products.

Project Highlights

  1. TEA Qualified - TEA Confirmation Letter
  2. Exemplar Approved - USCIS Exemplar Approval
  3. Phase 1 100% I-526 Approval Rating
  4. National Interest Expedite “NIE” Filed
  5. Government Support
"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 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."

USDA Aemetis Support Letter

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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).

CEIC Website

Email Mike Penbera

For Regional Center information contact:

California Energy Investment Center, LLC
Mr. Michael Penbera, Executive Director
michael.penbera@ceic.us.com (916) 990-6599

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US and International callers:
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Skype: mpenbera.ceic
Email: michael.penbera@ceic.us.com
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