Aemetis Stock Price, News & Analysis

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.

Aemetis (NASDAQ: AMTX) has received a grant from the U.S. Forest Service to commercialize a patented process that extracts cellulosic sugars from waste orchard and forest wood using ionic liquids technology. This process aims to produce high-value cellulosic ethanol at Aemetis' existing plant. The remaining lignin will be utilized for producing cellulosic hydrogen, supporting renewable jet and diesel fuel production. The Carbon Zero 1 biorefinery is set to begin operations in 2023, with a capacity of 45 million gallons per year, doubling to 90 million gallons by 2025.

Aemetis, Inc. (NASDAQ: AMTX) announced significant progress in its Aemetis Biogas Central Dairy Digester Project as construction has commenced on a $12 million biogas cleanup and compression unit in Keyes, California. This unit will produce Renewable Natural Gas (RNG) compliant with utility standards, set to be operational by Q4 2021. The facility will connect over 30 dairies to a natural gas pipeline and generate 440,000 MMBtu/year of biogas. This initiative underscores Aemetis' commitment to reducing carbon intensity in fuel production.

Aemetis, a renewable fuels company, reported Q1 2021 revenues of $42.8 million, an 8% increase from $39.5 million in Q1 2020, driven by rising ethanol demand and prices. Ethanol prices rose from $1.40 to over $2.90 per gallon amidst economic recovery and stricter EPA regulations. Despite these gains, the company faced a net loss of $18.1 million compared to $12.1 million in Q1 2020, attributed to increased operating and administrative expenses, alongside weaker crush margins. Cash reserves improved to $15.8 million due to stock sales.

Aemetis, Inc. (NASDAQ: AMTX) will host a conference call on May 12, 2021, at 11 AM PST to discuss its first quarter 2021 earnings report. Participants can join via toll-free dial-in numbers or by accessing the live webcast. Questions can be submitted during the Q&A session. A recording of the call will be available until May 19, 2021. Aemetis focuses on renewable natural gas and fuels, operating facilities in California and India, and has a range of innovative technologies aimed at reducing greenhouse gas emissions.