Biofuels maker Aemetis has purchased 24 acres, known as “Parcel B” on the Riverbank Industrial Complex site, for the development of a Carbon Capture and Sequestration (CCS) injection well.
Aemetis intends to build a characterization well there to obtain data and information for the final injection well design that will be used for the EPA Class VI CO2 injection well permit application to sequester approximately 1 million metric tons per year of CO2.
“The Riverbank Parcel B land purchase secures the key site for 1 million annual tonnes of planned CO2 injection to reduce the carbon intensity of Aemetis biofuels and sequester CO2 from other California industrial and agricultural sources,” said Eric McAfee, Chairman and CEO of Aemetis. “We have completed engineering and filed permits to drill a characterization well on the site as the next step in our CCS project, helping to close the gap on essential climate mitigation actions that can be accomplished today.”
The purchase is the first land acquisition that Aemetis has completed under the agreement it signed with the City of Riverbank to buy the 125-acre former military base in Riverbank, California.
The Riverbank Industrial Complex has 710,000ft2 of existing industrial and commercial buildings with over 30 existing commercial tenants; a four-mile railroad loop and a 20MW onsite electric substation with 100% low carbon hydroelectric power.
The facility has received over $72 million of federal funding for upgrades and remediation since the time it was decommissioned as a U.S. Army base.
