MARKET OUTLOOK

Aemetis Signs Agreement to Purchase 125-Acre Former U.S. Army Facility to Produce Sustainable Aviation Fuel and Renewable Diesel

Aemetis, Inc. | December 23, 2021

Aemetis Signs
Aemetis, Inc. a leading producer of dairy Renewable Natural Gas and developer of the "Carbon Zero" renewable jet/diesel biorefineries, announced today it signed a Master Developer Agreement with the City of Riverbank to lease/purchase the 125-acre former military base in Riverbank, California known as the Riverbank Industrial Complex. 

The Riverbank facility features 710,000 square feet of existing buildings, a four-mile railroad loop with 120 railcar storage capacity, and an onsite hydroelectric substation with 100% low carbon hydroelectric power. The site has received more than $72 million of federal funding for facility upgrades and remediation since being decommissioned as an army base.

Aemetis plans to build the "Carbon Zero 1" sustainable aviation fuel and renewable diesel biorefinery at the site.  The plant is designed to use hydroelectric and other renewable power available onsite to produce 90 million gallons per year of sustainable aviation fuel, renewable diesel, and other byproducts. The plant is expected to supply the aviation and truck markets with ultra-low carbon renewable fuels to reduce greenhouse gas emissions and other pollutants associated with conventional petroleum-based fuels.

The Riverbank Industrial Complex was an ammunition production facility employing about 3,500 people and has been converted to civilian use, including approximately 35 companies employing around 650 people. Under the terms of the Master Developer Agreement and as the owner of the properties as parcels are transferred, Aemetis will manage current tenants, utilize existing production facilities for new tenants or as production facilities, and develop vacant portions of the site with planned renewable fuels and carbon sequestration facilities.

A federal job study estimated 2,014 direct and indirect jobs will be created as a result of developing the Aemetis biofuels plant.

"This project, from staff's perspective, has significant potential to create an industrial job center for not only Riverbank, but the whole region," said City Manager Sean Scully during the City Council meeting on December 14th in which the agreement was unanimously approved.

In mid-2018 after a competitive review process, the City of Riverbank selected Aemetis as the master developer and acquirer of the Riverbank Industrial Complex property. The City of Riverbank has managed the complex since the military leased the site to the City for conversion from military to private use.

"I've often stated that the City of Riverbank should not be in the business of running the Industrial Complex. Finding the right entity to take over that task and come up with a deal that was good for all was at times very painful – and highly rewarding. We are truly grateful to form this partnership. There's nothing like this effort locally and this project has regional significance."

 Riverbank Mayor Richard O'Brien

The Aemetis agreement to acquire the Riverbank Industrial Complex paves the way for a clean energy economic and environmental renaissance in the California Central Valley.

The Aemetis Carbon Zero facility is designed to support almond and other orchard farmers to dispose of wood waste by converting a portion of the 3 billion pounds of annual orchard wood waste into negative carbon intensity, renewable hydrogen used in sustainable jet and renewable diesel fuel production.

Aemetis has received a grant for $5 million from the California Energy Commission for the engineering and construction of biofuels production facilities at the Riverbank site.

Aemetis recently signed $2.1 billion of sustainable aviation fuel supply agreements with Delta Air Lines to supply 250 million gallons under a 10 year agreement and with American Airlines to supply 280 million gallons, for delivery to the San Francisco Airport. In addition to American, Aemetis has also signed memorandums of understanding for sustainable aviation fuel with seven other oneworld Alliance airlines.

In mid-December, Aemetis announced a $3 billion, 450 million gallon, 10 year supply agreement with a large travel stop company to supply renewable diesel to California fueling locations.

About Aemetis
Aemetis has a mission to transform renewable energy with below zero carbon intensity transportation fuels. Aemetis has launched the Carbon Zero production process to decarbonize the transportation sector using today's infrastructure.

Aemetis Carbon Zero products include zero-carbon fuels that can "drop-in" to be used in airplanes, truck, and ship fleets. Aemetis low-carbon fuels have substantially reduced carbon intensity compared to standard petroleum fossil-based fuels across their lifecycle.

Spotlight

As of December 28, 2017, CalEPA has replaced the existing five(5) federal hazard categories available in CERS used for the completion of chemical inventories as part of the annual hazardous materials business submittal with twenty-four (24) new federal hazard categories adopted by the United States Environmental Protection Agency (U.S. EPA) as a result of changes to the Operational Safety and Health Administration (OSHA) Hazard Communication Standard (HCS).


Other News
CHEMICAL MANAGEMENT

Aramco and Cognite Join Forces in New Data Venture

Aramco and Cognite | June 20, 2022

Aramco and Cognite, a global leader in industrial software, have launched CNTXT, a joint venture based in the Kingdom of Saudi Arabia. Headquartered in Riyadh, CNTXT will support industrial digitalization in the Kingdom and the wider MENA region. CNTXT will provide digital transformation services enabled by advanced cloud solutions and leading industrial software. These solutions and services will help companies in the public and private sectors future-proof their data infrastructure, increase revenue, cut costs, and reduce risks while enhancing operational sustainability and security. CNTXT is Google Cloud’s reseller for cloud solutions in the Kingdom and the exclusive reseller of Cognite Data Fusion® in the MENA region. Additionally, Google Cloud is expected to launch a “Center of Excellence” later this year to provide training to developers and business leaders on how to use cloud technologies. Led by Abdullah Jarwan, appointed CEO of CNTXT, and a management team of local and international talent, CNTXT plans to significantly grow the team this year in hopes of becoming the top tech employer in the Kingdom. The launch of CNTXT is a major milestone in the collaboration between Aramco and Aker ASA, the majority owner of Cognite. The partnership began in 2019 with the signing of a Memorandum of Understanding (MoU) to develop synergies and share knowledge on industrial digitalization and sustainability initiatives. Ahmad A. Al-Sa'adi, senior vice president of Technical Services at Aramco, said: “CNTXT brings together industrial legacy, unmatched technology, and a truly talented team that will aid in the digitalization of the public and private sectors in the Kingdom. CNTXT will be an important catalyst of digitalization of the Kingdom.” Øyvind Eriksen, president of Aker ASA and chair of the Cognite Board of Directors, said: “CNTXT will be an important vehicle for driving profitability and sustainability of the Kingdom’s industries through innovative use of technology. I look forward to seeing the company accelerate the digital transformation of the most important sectors in the region.” Abdullah Jarwan, CEO of CNTXT, said: “The untapped potential in the digital transformation of the Kingdom of Saudi Arabia and the greater Middle East is enormous. With Google Cloud and Cognite offerings in our portfolio, we can help the public and private sectors innovate faster, scale AI-driven solutions, and turn data into value.” Abdul Rahman Al Thehaiban, managing director, Middle East, Turkey, and Africa, Google Cloud, said: “Businesses all around the world turn to Google Cloud to enable growth and help them solve their most business-critical challenges. With CNTXT as Google Cloud’s reseller in the Kingdom, we will be leveraging the latest technologies and decades of expertise to help businesses grow and develop safely and securely.” About Aramco Aramco is a global integrated energy and chemicals company. We are driven by the core belief that energy is opportunity. From producing approximately one in every eight barrels of the world’s oil supply to developing new energy technologies, our global team is dedicated to creating impact in all that we do. We focus on making our resources more dependable, more sustainable and more useful. This helps promote stability and long-term growth around the world. About CNTXT Founded in 2022 and based in Saudi Arabia, CNTXT is a joint venture between Aramco and Cognite that delivers premium cloud and digital transformation products and services in the Middle East and North Africa. CNTXT’s digital offerings, including Google Cloud and Cognite Data Fusion, enable customers to achieve greater efficiency, sustainability, and profitability throughout their digital transformation journeys. About Cognite Cognite is a global industrial SaaS company that was established with one clear vision: to rapidly empower industrial companies with contextualized, trustworthy, and accessible data to help drive the full-scale digital transformation of asset-heavy industries around the world. Our core Industrial DataOps platform, Cognite Data Fusion®, enables industrial data and domain users to collaborate quickly and safely to develop, operationalize, and scale industrial AI solutions and applications to deliver both profitability and sustainability.

Read More

RISK AND COMPLIANCE

Umicore and Idemitsu to jointly develop high-performance solid-state battery materials

Umicore | June 23, 2022

Umicore and Idemitsu Kosan Co., Ltd have agreed to jointly develop high-performance catholyte materials for solid-state batteries, combining their respective expertise in cathode active materials and solid electrolytes, and aiming to provide the technological breakthrough to extend the driving range and thereby propel e-mobility. Umicore brings its world-leading expertise in a variety of cathode active materials for lithium-ion batteries, while Idemitsu Kosan brings its know-how in solid electrolytes as a key material for all-solid-state lithium-ion batteries. Umicore has been working on solid-state CAM chemistries since 2017 and holds multiple key patents in this technology field. Idemitsu Kosan has an established method for manufacturing high-purity lithium sulfide, which it developed in its petrochemical business, and holds many patents for sulfide solid electrolytes that use lithium sulfide as their raw material. “Umicore laid its foundations in battery materials almost 30 years ago and thanks to our own research and strong global open innovation footprint, we are at the forefront of various lithium-ion battery technologies that help decarbonize transport. Our partnership with Idemitsu enhances our innovation and technology leadership to support our customers in their clean mobility transformation through solid-state battery power,” Mathias Miedreich, CEO of Umicore “Based on more than 20 years of experience, Idemitsu has developed the technology of sulfide solid electrolytes and holds many patents related to sulfide solid electrolytes. Solid electrolytes will contribute as a key material for the “electrified society”, through ASSB. The joint development between Umicore and Idemitsu will play an important role in the acceleration of activities in this field,” said Hajime Nakamoto, Managing Executive officer of Idemitsu. Catholytes combine cathode active materials and solid electrolytes. The more intimate contact between these two components would enable the solid-state battery to achieve better performance. Solid-state batteries are the next-generation batteries with performance improvements on several fronts. In cars, for example, their higher energy density will increase the driving range and allow for faster charging. The replacement of today’s liquid electrolyte with a solid one will enhance the safety and lifespan of batteries, reduce their size, weight and ultimately, cost. Umicore profile Umicore is the circular materials technology company. It focuses on application areas where its expertise in materials science, chemistry and metallurgy makes a real difference. Its activities are organised in three business groups: Catalysis, Energy & Surface Technologies and Recycling. Each business group is divided into market-focused business units offering materials and solutions that are at the cutting edge of new technological developments and essential to everyday life. Umicore generates the majority of its revenues and dedicates most of its R&D efforts to clean mobility materials and recycling. Umicore’s overriding goal of sustainable value creation is based on an ambition to develop, produce and recycle materials in a way that fulfils its mission: materials for a better life. Umicore’s industrial and commercial operations as well as R&D activities are located across the world to best serve its global customer base. The Group generated revenues and employed 11,050 people in 2021. Idemitsu profile Idemitsu is one of Japan’s leading producers and suppliers of energy and materials. Our global operations, spanning 67 business bases across 20 countries and regions outside of Japan, encompass Petroleum, Basic Chemicals, Functional Materials, Power & Renewable Energy, and Resources.

Read More

CHEMICAL TECHNOLOGY

QunaSys co-hosts industry, government leaders for Pistoia Alliance Global Knowledge-Sharing virtual event

QunaSys Inc. | July 05, 2022

QunaSys, a global leader in the development of innovative quantum algorithms in chemistry and a Pistoia Alliance member company, will co-host the Pistoia Alliance Global Knowledge-Sharing event held on July 7, which will bring together scientific, business and government leaders from Japan and around the world to improve innovation in health and the life sciences. The Pistoia Alliance is a global, not-for-profit alliance that works to lower barriers to innovation in life science and healthcare R&D. The Alliance has organized these webinars to provide specific examples of where its pre-competitive collaboration model of shared-risk and shared-reward can bring value and support to improve life sciences and health through science and innovation. Quantum computing is one of the technologies that is positioned to make dramatic improvements in the fields of health and the life sciences, particularly in the field of pharma. QunaSys CEO and co-founder Tennin Yan will discuss emerging use cases and how quantum is poised to impact the future of pharma R&D. He will participate on the future of pharma R&D panel discussion, which will be facilitated by John Bolger, CEO of Matador, a Pistoia Alliance member company, along with industry experts from Daiichi Sankyo, Preferred Networks and Mitsubishi Tanabe Pharma Corporation and the Pistoia Alliance. About QunaSys Inc. QunaSys is the world's leading developer of innovative algorithms in chemistry focused on accelerating the development of quantum technology applicability. QunaSys enables maximization of the power of quantum computing through its advanced joint research that addresses cutting-edge technologies providing Qamuy™, the most powerful quantum chemical calculation cloud software; fostering development of collaboration through QPARC industry consortium; and working with research institutions from academia and government. QunaSys software runs on multiple technology platforms with applicability in all chemical related industries to boost quantum computing adoption.

Read More

CHEMICAL MANAGEMENT

CITGO Receives Multiple Awards for Safety Excellence

CITGO Corporation | June 16, 2022

CITGO Petroleum Corporation recently received three safety awards recognizing outstanding safety results in both its terminals and refining operations CITGO terminals received the Safety Excellence Award from the International Liquid Terminals Association (ILTA) in recognition of standout safety performance in 2021. This is the most recent such award from ILTA, which has recognized CITGO for safety performance multiple times over the past decade. CITGO refineries in Lemont, Illinois and Corpus Christi, Texas both received the Safety Achievement Award from American Fuel & Petrochemical Manufacturers (AFPM). The award recognizes excellent safety performance across the oil and gas industry. This was the third consecutive year AFPM has recognized safety performance at CITGO refineries. "Safety is the cornerstone of our operational excellence. We are honored to receive these distinguished awards as testament to our efforts in maintaining the highest standards of operational safety at our refineries and terminals." CITGO President and CEO Carlos Jordá CITGO operates three refineries with a combined crude capacity of 769,000 barrels-per day and wholly and/or jointly owns 38 active terminals and six pipelines, one of the largest distribution networks in the country. "We strive to build a resilient safety culture throughout our operations," added Shane Moser, CITGO Vice President of Health, Safety & Environment. "ILTA and AFPM are champions of our industry, and their continued recognition of our safety culture is tremendously gratifying." ILTA, representing companies and partnerships that operate bulk liquid storage terminals worldwide, advocates on behalf of the liquid terminal industry and maintains close working relationships with other organizations that interact with the tank storage industry. AFPM is the leading national trade association representing fuel and petrochemical manufacturers. AFPM members make and transport the fuels that keep Americans moving and the petrochemicals that are essential building blocks for modern life. About CITGO Headquartered in Houston, Texas, CITGO Petroleum Corporation is a recognized leader in the refining industry with a well-known brand. CITGO operates three refineries located in Lake Charles, La.; Lemont, Ill.; and Corpus Christi, Texas, and wholly and/or jointly owns 38 active terminals, six pipelines and three lubricants blending and packaging plants. With approximately 3,300 employees and a combined crude capacity of approximately 769,000 barrels-per-day (bpd), CITGO is ranked as the fifth-largest, and one of the most complex independent refiners in the United States. CITGO transports and markets transportation fuels, lubricants, petrochemicals and other industrial products and supplies a network of approximately 4,400 locally owned and operated branded retail outlets, all located east of the Rocky Mountains. CITGO Petroleum Corporation is owned by CITGO Holding, Inc.

Read More

Spotlight

As of December 28, 2017, CalEPA has replaced the existing five(5) federal hazard categories available in CERS used for the completion of chemical inventories as part of the annual hazardous materials business submittal with twenty-four (24) new federal hazard categories adopted by the United States Environmental Protection Agency (U.S. EPA) as a result of changes to the Operational Safety and Health Administration (OSHA) Hazard Communication Standard (HCS).

Resources