CUPERTINO, Calif., May 21, 2026 (GLOBE NEWSWIRE) -- Aemetis, Inc. (NASDAQ:AMTX), a diversified renewable natural gas and biofuels company, announced today that the Capital Programs & Climate Financing Authority ("CPCFA") in California has adopted an Initial Resolution related to potential future issuance of up to $1.1 billion of tax-exempt bonds for Aemetis projects.

Adoption of the Initial Resolution meets federal tax requirements so that funds from any tax-exempt bonds issued by CPCFA can be used for qualified costs of Aemetis projects incurred after the date of the resolution and for certain prior development costs.

"This Initial Resolution adopted by CPCFA further confirms the value of our projects, which reduce emissions, lower fuel costs, and create jobs and economic growth in California," said Eric McAfee, Chairman and CEO of Aemetis. "The use of tax-exempt bonds at lower interest rates than other sources of financing has potential to enhance our financial position as we implement a variety of projects that are expected to strengthen our balance sheet and generate profitability."

The Aemetis projects covered by the Initial Resolution include construction of more than 40 additional dairy digesters and biogas pipeline connections to the Aemetis renewable natural gas ("RNG") production facility in Keyes, California, as well as underground CO2 sequestration and SAF/RD production under development in Riverbank, California.

Aemetis Biogas currently operates 12 anaerobic digesters that collect dairy manure waste from fifteen dairies; a 36 mile ...