Aemetis, Inc. ( AMTX ) on Tuesday announced a $27 million equipment agreement with Centuri Holdings, Inc. ( CTRI ) , marking a significant step forward in its renewable natural gas (RNG) infrastructure strategy.
The agreement, made through Aemetis' ( AMTX ) subsidiary, Aemetis Biogas, will support the deployment of biogas cleanup systems across 15 dairy digesters in California's Central Valley. These installations are part of a larger initiative to produce RNG from 50 dairies already under contract.
Aemetis ( AMTX ) underscored that its partnership with Centuri ( CTRI ) extends well beyond this initial equipment deal. According to Chairman and CEO Eric McAfee, Centuri ( CTRI ) will also provide construction management and pipeline assembly services for future energy efficiency and carbon reduction initiatives. McAfee pointed to Centuri's ( CTRI ) strong track record in executing large-scale industrial and pipeline infrastructure projects.
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In addition to the digester expansion, Aemetis ( AMTX ) is moving forward with several significant projects. These include scaling RNG production to exceed 1 million MMBtu annually and implementing a vapor recompression system at its Keyes ethanol facility, which is expected to boost annual cash flow by $32 million starting in 2026.
The company is also advancing a carbon sequestration initiative capable of storing 1.4 million tons of CO₂ per year and a 78 million-gallon-per-year sustainable aviation fuel and renewable diesel plant. Further industrial-scale developments are being negotiated at the company's Riverbank site.
Price Action: AMTX shares are trading higher by 7.39% to $1.525, and CTRI is up by 8.55% to $21.20 at the last check on Tuesday.
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