Aemetis Stock Price, News & Analysis

Aemetis, Inc. (NASDAQ: AMTX) has signed a major 10-year agreement to supply 450 million gallons of renewable diesel to a leading travel stop company, projected to generate over $3 billion in revenue. The renewable diesel will enable approximately 3.6 billion miles of transportation, aligning with environmental goals by reducing emissions from heavy-duty vehicles. This contract forms part of Aemetis's broader strategy, having secured more than $5 billion in binding contracts for its Carbon Zero facility in Riverbank, California.

Aemetis (NASDAQ: AMTX), a renewable fuels company, has successfully reincorporated from Nevada to Delaware, a move approved by shareholders at the August 26, 2021 meeting. The legal domicile change requires no additional shares and maintains the current board and management structure. As of December 3, 2021, there are 33,289,689 shares outstanding. CEO Eric McAfee stated this milestone is strategic for future financing and growth in negative carbon intensity products, including renewable fuels and biochemicals.

Aemetis, Inc. (NASDAQ: AMTX) has signed a seven-year offtake agreement with American Airlines for 280 million gallons of blended Sustainable Aviation Fuel (SAF), valued at over $1.1 billion. The fuel, which comprises 40% SAF and 60% Petroleum Jet A, is set to aid American Airlines in achieving net zero carbon emissions by 2050. Production will occur at Aemetis' renewable jet/diesel plant in Riverbank, California, expected to start in 2024. This agreement aligns with broader industry goals of transitioning to sustainable fuels to mitigate environmental impact.

Aemetis, Inc. (NASDAQ: AMTX) has signed memorandums of understanding with eight airlines in the oneworld Alliance for 350 million gallons of blended sustainable aviation fuel (SAF) to be delivered to San Francisco International Airport. The agreement spans a seven-year term starting in 2024. The blended fuel will consist of 40% SAF and 60% petroleum jet fuel, aligning with international standards. Aemetis is developing the Carbon Zero plant in California, which will produce SAF using waste materials. This initiative is part of the oneworld commitment to achieve 10% SAF use by 2030 and net-zero emissions by 2050.

Aemetis, Inc. (NASDAQ: AMTX) has announced the signing of a non-binding term sheet for $100 million in new debt financing aimed at supporting carbon reduction initiatives and working capital. The financing includes $50 million for projects like sustainable aviation fuel and renewable diesel production, along with upgrades to its Keyes ethanol plant. The company has successfully repaid over $55 million in high-interest debt during 2021. Additionally, Aemetis is pursuing a $125 million USDA guaranteed loan and expects to finalize the new financing under customary conditions.

Aemetis (NASDAQ:AMTX) reported a 50.4% increase in North America revenues to $49.8 million in Q3 2021, driven by rising demand and pricing in the liquid transportation fuel market. Capital expenditures for ultra-low carbon projects reached $18.8 million. However, the company faced a gross loss of $4.8 million, largely due to a $5.3 million reserve for California emissions compliance. The net loss expanded to $17.6 million from $12.2 million year-over-year. Overall revenues for the first nine months of 2021 increased to $147.6 million, yet gross loss was reported at $4.7 million.

Aemetis, Inc. (NASDAQ: AMTX) has announced a conference call scheduled for November 11, 2021, at 11 am PST to discuss its third quarter 2021 earnings report. Interested parties can join via toll-free or international dial-in numbers, or through a webcast. The company focuses on transforming renewable energy, specifically through its Carbon Zero production process aimed at decarbonizing transportation fuels. Aemetis operates biogas digester networks, an ethanol production facility in California, and a biodiesel facility in India. More details available at their website.

Aemetis, a renewable fuels company, has partnered with CTCI America to provide engineering services for its Carbon Zero plant in Riverbank, California. This facility aims to produce sustainable aviation fuel and renewable diesel utilizing waste wood, with an initial capacity of 45 million gallons annually, expandable to 90 million gallons. Aemetis also secured a 10-year supply agreement with Delta Air Lines for 250 million gallons of blended Sustainable Aviation Fuel, potentially generating $1 billion in revenue. This collaboration highlights Aemetis's commitment to reducing carbon intensity in transportation fuels.

Aemetis, Inc. (NASDAQ: AMTX) has appointed Timothy Alan Simon, Esq. to its Board of Directors, effective October 14, 2021. Simon, a former Commissioner of the California Public Utilities Commission, brings extensive experience in energy markets and regulation. His role is expected to enhance Aemetis' capabilities as the company focuses on renewable natural gas and sustainable fuels. The board expressed support for Simon’s appointment, highlighting his regulatory expertise. Aemetis is dedicated to producing low carbon intensity transportation fuels and is expanding its renewable energy initiatives.