Cupertino-based Aemetis is producing cellulosic ethanol from orchard waste, utilizing technologies from Aemetis, LanzaTech and InEnTec, after successfully completing the construction and commencement of an Integrated Demonstration Unit.
Aemetis and Edeniq, both headquartered in California (USA), announced they have entered into a definitive agreement under which Aemetis will acquire all of Edeniq’s outstanding shares in a stock plus cash merger transaction.
Edeniq, a leading cellulosic ethanol technology company, has developed patented innovations that unlock cellulosic and starch sugars through a combination of mechanical and biological processes. Its capital light and operationally efficient solutions can be easily integrated into existing corn ethanol plants. The company, founded in 2008, has raised approximately $100 million from some of the world’s leading venture capital firms, including Kleiner Perkins Caulfield & Byers, Draper Fisher Jurvetson, Angeleno Group, The Westly Group, I2BF Global Ventures, and other leading investors, as well as US Department of Energy (DOE) grant funding.
Aemetis, an advanced fuels and renewable chemicals company founded in 2006 and headquartered in Cupertino, California, announced last Thursday the acquisition of exclusive rights to award winning, carbon recycling company LanzaTech’s patented technology for the conversion of agricultural waste, forest waste, dairy waste and construction and demolition waste (CDW) to ethanol in California.