Aemetis signs agreement with NPL Construction for $30M MVR system

Aemetis (AMTX) announced that its Keyes plant subsidiary has signed an engineering, procurement, and construction contract with NPL Construction Co., a subsidiary of Centuri Holdings (CTRI), a $2.6 billion revenue infrastructure services contractor, to install a Mechanical Vapor Recompression, MVR, system at the company’s 65 million gallon per year ethanol production facility in Keyes, California, with an estimated total project cost of $30 million. The project has received approximately $19.7 million in tax credits and grants from the Internal Revenue Service, California Energy Commission, and Pacific Gas & Electric. The MVR project is scheduled to complete construction in Q2 2026.