AAPK will expand the existing ethanol plant in Keyes, California by the construction and operation of a biomass pretreatment and production facility in the nearby city of Riverbank to produce advanced cellulosic ethanol and related products, including Sustainable Aviation Fuel/Renewable Diesel, BioGas, and Carbon Sequestration.
The first location is the Aemetis Keyes 60 million gallon ethanol plant (“Keyes”) located along Highway 99 at 4209 Jessup Road, Ceres, CA in Stanislaus County, near the town of Keyes. The second location for the Project is the Riverbank Industrial Complex (“Riverbank”), which is located approximately 15 miles northeast of the Keyes plant at 5300 Claus Road, Modesto, CA 95357.
The project locations fall within a qualified high unemployment area, or TEA, in accordance with parameters of the EB-5 Reform Act and confirmed in the TEA analysis provided by Vermillion Consulting, Economist – Kim Atteberry
The NCE will loan up to $200,000,000 in EB-5 funds to the developer to be utilized in job creation. The National Interest Expedite request was approved on April 22, 2020. In addition to the EB-5 funds, the project is projected to utilize approximately $900,000,000 in non-EB-5 capital, resulting in the creation of 4065.7 jobs by 2025.