08:41 AM EDT, 09/09/2025 (MT Newswires) -- Aemetis ( AMTX ) said Tuesday its Keyes unit signed a $30 million contract with NPL Construction, a Centuri Holdings ( CTRI ) unit, to install a mechanical vapor recompression system at its 65 million-gallon ethanol plant in California.

The project, backed by about $19.7 million in tax credits and grants, is expected to finish construction in Q2 2026, the company said.

The system should cut natural gas use at the facility by about 80% and generate $32 million in annual cash flow through energy savings, lower carbon intensity credits, and new production tax credits, Aemetis ( AMTX ) said.

Aemetis ( AMTX ) shares were up 1.3% in recent premarket activity.