ANNOUNCEMENT 07 Feb 2019

On 7 February 2019, the US government granted a loan guarantee to Aemetis Advanced Products Keyes, Inc. as part of the program Biorefinery Assistance.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising

SOURCE

USAspending.gov. Award page. Biorefinery Assistance. Aemetis Advanced Products Keyes, Inc..
https://www.usaspending.gov/award/ASST_NON_GLSX0002171401_12E4

USDA Rural Development, "Programs and services: Biorefinery, Renewable Chemical, and Biobased Product Manufacturing Assistance Program" (retrieved on 14/07/2021). Available at: https://www.rd.usda.gov/programs-services/biorefinery-renewable-chemical-and-biobased-product-manufacturing-assistance

Inception date: 07 Feb 2019 | Removal date: open ended

Loan guarantee

On 7 February 2019, the Department of Agriculture approved a loan guarantee worth USD 50 million to Aemetis Advanced Products Keyes, Inc.. The support was granted through the Biorefinery Assistance programme.

The Biorefinery Assistance program provides loan guarantees of up to USD 250 million to projects related to the development, building and modernisation of biorefineries and biobased product manufacturing facilities. The benefiting projects should be located in the US and the guarantee is limited to up to 80% of the total loan amount. The program is run by the USDA Rural Development.