AE Biofuels has a new name to better reflect the company’s business strategy.
The industrial biotechnology company which produces renewable chemicals and advanced fuels using patented microbes and processes became Aemetis, Inc. as of November 15.
In June 2011, AE Biofuels acquired Zymetis, Inc., a Maryland industrial biotechnology company. The name Aemetis was derived from “AE” which means “The One” in Scottish, and “Metis” which means “Prudent Wisdom” in Greek. “Aemetis” means “The One Prudent Wisdom,” referring to the prudence and wisdom of replacing petroleum with renewable sources of chemicals and fuels.
The Aemetis Biorefinery technology platform is based on a unique patented aerobic marine organism (the “Z-microbe”) and propagation process that enables Aemetis to produce a variety of specialty biochemical and renewable fuels products for large markets using renewable feedstocks. Aemetis holds 4 granted patents and 14 pending patents on its microbial and enzymatic technology and production processes. Aemetis currently operates a 55 million gallon per year ethanol plant in Keyes, California and a 50 million gallon capacity biofuels plant in India.