Aemetis Inc - AMTX STOCK NEWS

Aemetis, Inc. (AMTX) receives $10.5 million in IRA tax credits, with a total projection of $450 million, to support renewable fuels projects. The company completed a $63 million sale of tax credits in 2023, receiving $55 million in funding. The allocation will support energy efficiency projects at the Aemetis Keyes ethanol production facility in California.

Aemetis, Inc. (AMTX) announces the implementation of the Microsoft Dynamics ERP system globally to support current operations and expansion projects in the U.S. and India. The system will manage manufacturing, supply chain, finance, and accounting, facilitating the growth of the company's renewable natural gas, biodiesel, sustainable aviation fuel, and carbon sequestration projects. Aemetis aims to achieve over $1.9 billion in revenues and $645 million in EBITDA within five years.

Aemetis, Inc. (AMTX) secures $200 million in EB-5 program investment for sustainable aviation fuel and renewable natural gas projects. The funding supports the Riverbank plant, dairy RNG project, carbon sequestration, and Keyes ethanol plant upgrades, aiming to meet the rising global demand for SAF. Aemetis has already signed over $3 billion in contracts to supply airlines with SAF, showcasing significant growth potential.

Stonegate Capital Partners updates coverage on Aemetis, Inc. (AMTX) highlighting the biodiesel plant's operation at 60m gallons per year, completion of 9 dairy digesters, and an awarded Air Permit for the aviation plant from the City of Riverbank.

Aemetis, Inc. (AMTX) reports $77.2 million in annual sales from the India biodiesel segment, marking a 175% increase over the prior year. The company's total revenue for 2023 was $186.7 million, driven by growth in the biodiesel and renewable natural gas segments. Key financial highlights include a $70.8 million revenue for Q4 2023, repayment of $50.2 million of debt, positive cash flow of $32.7 million, and significant progress in various projects.

Aemetis, Inc. (AMTX) receives Authority to Construct air permits for sustainable aviation fuel and renewable diesel production plant in Riverbank, California. The plant aims to produce 90 million gallons per year, catering to the aviation market's demand for SAF. The project has received support from various agencies and is expected to create high-value jobs and benefit the local economy.

Aemetis, Inc. (AMTX) will host a conference call to discuss its Q4 and year-end 2023 earnings report on March 7, 2024, at 11 am PST. Participants can dial in or join the webcast to listen and submit questions. The webcast and voice recording will be available on the company's website.

Aemetis, Inc. announces its updated Five Year Plan projecting $1.95 billion in revenues and $645 million in adjusted EBITDA by 2028. The plan highlights a compound annual growth rate of 38% in revenue and 83% in EBITDA from 2024 to 2028. The company aims to achieve growth through RNG production, SAF/RD plant, CCUS projects, solar energy initiatives, and biodiesel refining. Aemetis anticipates receiving tax credits under the Inflation Reduction Act, with a strong focus on renewable energy projects.

Aemetis, Inc. (AMTX) announces the deployment of $25 million of funding under the USDA-guaranteed loan for its Aemetis Biogas 1 LLC project. The company operates digesters supplied by eight dairies and has agreements with 37 dairies, with plans to operate digesters supplied by 18 dairies by the end of 2024. Aemetis Biogas has invested $30 million of project equity and has obtained $23 million of grants. The AB1 loan was guaranteed by the USDA under the REAP loan guarantee program. The company is expected to use the USDA-guaranteed loans to fund the construction of additional dairy digesters and biogas pipelines, with a total of $150 million of 20-year loans either closed or in process. The LCFS program is expected to increase LCFS revenues by more than 80% for future LCFS credit sales. Aemetis Biogas aims to capture methane from the waste produced by more than 150,000 cows at dairy farms in California and produce 1,600,000 MMBtu of renewable natural gas each year, reducing greenhouse gas emissions equivalent to an estimated 6.8 million metric tons of carbon dioxide over ten years.