Aemetis (AMTX) said Tuesday its Aemetis Biogas unit has signed a $27 million agreement with Centuri Holdings (CTRI) to build biogas cleanup systems for 15 dairy digesters.
The deal, and expected future agreements with Centuri, will allow Aemetis Biogas to boost the construction of dairy digesters to produce renewable natural gas for a total of 50 dairies that have already been signed by the unit, the company said.
Aemetis shares were nearly 8% higher in recent trading, while Centuri was up by more than 4%.
Price: 1.54, Change: +0.12, Percent Change: +8.10
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.