Aemetis Stock Price, News & Analysis

Aemetis, Inc. (NASDAQ: AMTX) has received final approval to construct 21 miles of Phase 2 biogas pipeline in Stanislaus County, California. This milestone will enable the connection of dairy digesters for renewable natural gas (RNG) production, aimed at replacing diesel in heavy-duty vehicles. The project supports Aemetis' goal to produce over 1 million MMBtu of RNG, potentially displacing 6.88 million diesel gallon equivalents annually and reducing CO2 emissions by over 2.6 million metric tons. The $12 million project is partially funded by a $4.2 million grant from the California Energy Commission.

Aemetis, Inc. (NASDAQ: AMTX) is set to host a conference call on August 12, 2021, at 11 AM PST to discuss its second quarter 2021 earnings report. Participants can join via toll-free dial-in numbers or through a webcast link provided in the announcement. After August 19, the webcast will be accessible on Aemetis' official website. The company is focused on renewable energy solutions, particularly through its Carbon Zero initiative aimed at reducing carbon intensity in transportation fuels. Aemetis operates facilities in California and India to produce renewable fuels and biochemicals.

Aemetis (NASDAQ: AMTX) has appointed Mehagan Hopkins as the Manager of Carbon Capture and Sequestration Regulatory and Compliance. With over a decade of experience at Chevron, including extensive work in environmental compliance, Hopkins is expected to enhance the company's efforts in biofuels and carbon capture projects. Her role will involve leading EPA and regulatory approvals for Aemetis' CCS initiatives and renewable fuel biorefineries. This strategic hire aligns with Aemetis' commitment to sustainable energy solutions and its Five Year Plan aimed at reducing carbon emissions.

Aemetis, Inc. (NASDAQ: AMTX) is developing two carbon sequestration wells in Central California to capture and sequester up to two million metric tonnes of CO₂ annually. Negotiations have commenced for the supply of 1.6 million metric tonnes per year of CO₂, which could generate approximately $500 million in annual revenue from carbon capture credits. The initiative is expected to offset emissions equivalent to the annual output of about 350,000 cars. The California LCFS and IRS 45Q programs support these efforts with significant revenue potential.

Aemetis (NASDAQ: AMTX) has engaged Worley for engineering services on its Carbon Zero renewable jet and diesel project in Riverbank, California. Planned to initiate operations in 2023, the facility aims to produce low carbon intensity fuels from renewable oils and hydrogen sourced from wood waste. The production capacity is set to reach 45 million gallons annually, later expanding to 90 million gallons by early 2025. This project, part of Aemetis' commitment to sustainable energy, positions it to serve the aviation and trucking sectors with eco-friendly fuel solutions.

Aemetis, Inc. (NASDAQ: AMTX) will be added to the Russell 3000® and Russell Microcap® Indexes after the annual reconstitution on June 28, 2021. This inclusion, determined by market capitalization rankings as of May 7, is expected to enhance investor awareness of Aemetis' renewable fuels, including its Dairy Renewable Natural Gas project. The Russell indexes, which benchmark around $10.6 trillion in assets, provide significant visibility among institutional investors and contribute to Aemetis' long-term investor base focused on climate and ESG goals.

Aemetis, Inc. (NASDAQ: AMTX) has signed a $200 million biofuels offtake agreement with Murex, LLC to deliver low carbon biofuels from 2021 to 2023. The deal includes selling fuel at a fixed discount tied to market prices and integrates advanced technologies to lower carbon intensity at Aemetis' Keyes, California biorefinery. Supported by $16.7 million in grants from California Energy Commission, Aemetis aims to eliminate petroleum natural gas reliance and produce the world's lowest carbon intensity ethanol using renewable energy sources.

Aemetis (NASDAQ: AMTX) has announced that its Chairman and CEO, Eric McAfee, will participate in the Stifel Virtual Cross Sector Insight Conference on June 10, 2021. He will serve on the “Future of Energy” panel at 9:20 am ET and deliver the Aemetis corporate presentation at 2:40 pm ET. During the conference, McAfee will discuss Aemetis' projects, including the Central Dairy Biogas renewable natural gas initiative and the Carbon Zero 1 facility, which aims to produce renewable jet fuel and diesel.

The company projects a capacity of 45 million gallons per year by 2023, scaling up to 90 million gallons by 2025.

Aemetis, Inc. (NASDAQ: AMTX) has received a second patent for technology that allows the extraction of sugars from waste wood using ionic liquids. This patented process is projected to cut feedstock costs by up to 90% and reduce carbon intensity in renewable fuels. Developed with support from the U.S. Department of Energy and the California Energy Commission, the technology facilitates the conversion of waste wood into cellulosic ethanol and renewable hydrogen. The first Carbon Zero production plant will be built in California to enhance efficiency in renewable fuel production.