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Aemetis Receives $22.4 million from Sale of Section 45Z Clean Fuel Production Tax Credits

Aemetis expects its ethanol credit value per gallon to rise once its use of low-carbon corn is fully documented.

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Aemetis (AMTX) received $22.4 million from selling Section 45Z clean fuel production tax credits generated in 2026.

The credits came from ethanol and renewable natural gas (RNG) production. Their stated values were approximately $0.33 per gallon of ethanol and $62 per MMBtu of RNG, before sale discounts and transaction costs. Those values are based on a September 8, 2026, update to the U.S. Department of Energy's 45ZCF-GREET calculation model.

The updated model includes pathways for RNG produced by anaerobic digestion of dairy manure. It also allows ethanol producers to account for low-carbon corn grown using regenerative agricultural practices.

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Argus 15 min delay 15 alerts
+8.94% vs previous close $1.95 last price 3.9x rel. volume Open Argus
Details

Market move: AMTX +8.94% vs previous close. Section 45Z credit sale

$1.78 – $1.98 Day Range
$140.73M Market Cap

On Sep 28, the day this news came out, the latest delayed price for AMTX is 8.94% above the previous close. Our momentum scanner has recorded 15 alerts for this stock so far that day. The latest delayed price is $1.95. Relative volume is very high at 3.9x the average.

Data tracked by StockTitan Argus (15 min delayed). Upgrade to Gold for real-time data.

Market Context

The Aug 6 Q2 filing recorded $8.6 million of Section 45Z credits in revenue, documenting prior recog...
Analysis

The Aug 6 Q2 filing recorded $8.6 million of Section 45Z credits in revenue, documenting prior recognition from the same program; this announcement's cash-sale disclosure marks a distinct monetization step.

Key Figures

Proceeds from tax credit sale: $22.4 million
Proceeds from tax credit sale
$22.4 million
Section 45Z Clean Fuel Production Tax Credits

Historical Context

1 past event · Latest: Aug 06
1 event
  1. Aug 06

    quarterly earnings

    24h Move
    +5.2%

    Q2 results included $8.6 million of Section 45Z production tax credits.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

renewable natural gas, anaerobic digestion, mmbtu
3 terms
renewable natural gas technical
"ethanol and renewable natural gas (RNG) production in 2026"
Renewable natural gas is methane captured from organic waste—like landfills, farms, or wastewater—and cleaned to the same quality as conventional pipeline gas so it can be used for heating, electricity, or vehicle fuel. Investors care because it turns waste into a revenue-generating commodity, can qualify for carbon credits or government incentives, and can reduce a company's emissions profile, affecting long-term costs, regulatory risk, and market demand much like converting trash into sellable fuel.
anaerobic digestion technical
"RNG produced from dairy manure anaerobic digestion"
Anaerobic digestion is a process where microorganisms break down organic material—such as food waste, agricultural residues, or sewage—in sealed, oxygen-free tanks to produce biogas (mainly methane) and a nutrient-rich digestate. For investors, it is a renewable-energy and waste-management technology that can create steady revenue streams from sold energy, heat, or renewable credits and yield valuable fertilizer byproducts, much like turning a waste pile into a small power plant and soil-amendment business.
mmbtu technical
"$62 per MMBtu of RNG"
A MMBtu is a unit of energy equal to one million British thermal units, commonly used to measure natural gas and other fuel quantities for trading and contracts. For investors, it translates raw energy into a standardized price metric—think of it like gallons for gasoline—so changes in the MMBtu price affect producer revenues, utility costs, commodity derivatives, and the profitability of energy-related investments.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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CUPERTINO, Calif., Sept. 28, 2026 (GLOBE NEWSWIRE) -- Aemetis, Inc. (NASDAQ: AMTX), a diversified renewable natural gas and biofuels company, today announced that it has received $22.4 million from the sale of Section 45Z Clean Fuel Production Tax Credits.

The Section 45Z tax credits were generated from ethanol and renewable natural gas (RNG) production in 2026 and represent a tax credit value of approximately $0.33 per gallon of ethanol and $62 per MMBtu of RNG, before sale discounts and transaction costs. The tax credit value is based on the recent update to the 45ZCF-GREET model that was issued by the U.S. Department of Energy (DOE) on September 8, 2026.

“Aemetis continues to benefit from Section 45Z Clean Fuel Production Tax Credits as a recurring source of cash flow, executing on our monetization strategy,” said Eric McAfee, Chairman and CEO of Aemetis. “With recent updates this month to the Section 45Z calculation and expected expansion of production volumes and energy efficiency projects, the ongoing value of Section 45Z credits to Aemetis is expected to continue to grow significantly.”

The new September 8 version of the 45ZCF-GREET model includes updated pathways for RNG produced from dairy manure anaerobic digestion as required by the One Big Beautiful Bill Act. It also now allows ethanol producers to account for low-carbon corn feedstock that is grown with regenerative agricultural practices. Aemetis expects to increase the value per gallon of its ethanol Section 45Z credit once the use of low-carbon corn is fully documented.

“We appreciate the work by Treasury, the IRS, DOE, and USDA to release the update to the 45ZCF-GREET calculations in compliance with the July 2025 One Big Beautiful Bill Act,” added McAfee. “These supportive biofuels and agriculture policies share the monetary benefits of 45Z with farmers and dairies. We also urge Treasury and DOE to continue supporting Section 45Z by allowing the qualification of all emissions captured from expanding dairy and farm operations.” 

Contacts
Investor Relations:
Todd Waltz
(408) 213-0940
investors@aemetis.com

Media:
Lisa Gibson
(701) 610-1172
lisa.gibson@sageandstonestrategies.com  

About Aemetis

Headquartered in Cupertino, California, Aemetis is a diversified renewable natural gas and biofuels company focused on the development and operation of innovative technologies that lower energy costs and reduce emissions. Founded in 2006, Aemetis is operating and expanding a California biogas digester network and pipeline system to convert dairy waste gas into Renewable Natural Gas. Aemetis owns and operates a 65 million gallon per year ethanol production facility in California’s Central Valley near Modesto that supplies about 80 dairies with animal feed. Aemetis owns and operates an 80 million gallon per year production facility on the East Coast of India producing high-quality biodiesel and refined glycerin. To utilize the byproducts from ethanol production, Aemetis is developing a sustainable aviation fuel plant and a CO2 sequestration project in California. For additional information about Aemetis, please visit www.aemetis.com.

Safe Harbor Statement

This news release contains forward-looking statements, including statements regarding assumptions, projections, expectations, targets, intentions or beliefs about future events or other statements that are not historical facts. Forward-looking statements include, without limitation, projections of financial results; statements related to the development, engineering, financing, construction and operation of the Aemetis biodiesel and other biofuel facilities; our ability to promote, develop, finance, and construct facilities to produce biodiesel, renewable fuels, and biochemicals; and statements about future market prices and results of government actions. Words or phrases such as “anticipates,” “may,” “will,” “should,” “believes,” “estimates,” “expects,” “intends,” “plans,” “predicts,” “projects,” “showing signs,” “targets,” “view,” “will likely result,” “will continue” or similar expressions are intended to identify forward-looking statements. These forward-looking statements are based on current assumptions and predictions and are subject to numerous risks and uncertainties. Actual results or events could differ materially from those set forth or implied by such forward-looking statements and related assumptions due to certain factors, including, without limitation, competition in the ethanol, biodiesel and other industries in which we operate, commodity market risks including those that may result from current weather conditions, financial market risks, customer adoption, counter-party risks, risks associated with changes to federal policy or regulation, and other risks detailed in our reports filed with the Securities and Exchange Commission, including our Annual Reports on Form 10-K, and in our other filings with the SEC. We are not obligated, and do not intend, to update any of these forward-looking statements at any time unless an update is required by applicable securities laws.


FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How much did Aemetis receive from selling Section 45Z tax credits?

Aemetis received $22.4 million from selling Section 45Z clean fuel production tax credits generated by ethanol and renewable natural gas production in 2026.

What were Aemetis's Section 45Z credit values for ethanol and renewable natural gas?

The stated credit values were approximately $0.33 per gallon of ethanol and $62 per MMBtu of renewable natural gas, before sale discounts and transaction costs.

What must Aemetis document to increase its ethanol Section 45Z credit value?

Aemetis expects its ethanol credit value per gallon to increase once its use of low-carbon corn is fully documented. The updated calculation model allows ethanol producers to account for low-carbon corn grown using regenerative agricultural practices.

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