Welcome to our dedicated page for Aemetis news (Ticker: AMTX), a resource for investors and traders seeking the latest updates and insights on Aemetis stock.
Aemetis, Inc. (NASDAQ: AMTX) generates frequent news as a renewable natural gas, renewable fuel, and biochemicals company with operations in California and India. Company press releases and third-party coverage focus on developments across its dairy renewable natural gas platform, California ethanol plant, and India biodiesel facility, as well as its participation in state and federal clean fuel programs.
News about Aemetis often highlights progress in its dairy biogas digester network and RNG pipeline system, including the number of operating digesters, production volumes, and approvals of California Low Carbon Fuel Standard (LCFS) pathways. Updates also cover revenue contributions from RNG, D3 RINs, and the monetization of Section 45Z Clean Fuel Production Credits and Section 48 or 48C investment tax credits.
Another recurring theme in Aemetis news is the performance and upgrades at its 65 million gallon per year ethanol plant in Keyes, California. Articles describe carbon intensity reduction initiatives, such as the Mechanical Vapor Recompression (MVR) project, grants and tax credits supporting the project, and the plant’s role in supplying animal feed to dairies in the California Central Valley.
Coverage also addresses Aemetis’ India biodiesel operations, including biodiesel sales to India Oil Marketing Companies and refined glycerin production for customers in India and Europe. Financial result announcements summarize quarterly revenues, segment performance, operating losses, and capital investments in projects like dairy digesters and ethanol carbon intensity reduction.
Investors and observers who follow AMTX news can track regulatory developments affecting ethanol blends, LCFS and federal tax credit programs, as well as updates on Aemetis’ planned sustainable aviation fuel, renewable diesel, and carbon sequestration projects. The news flow provides context on how policy changes, project milestones, and financing arrangements influence the company’s renewable fuels and RNG business.
Aemetis, Inc. (NASDAQ: AMTX) has chosen Axens Vegan® Renewable Hydroprocessing technology for its Carbon Zero 1 production plant in Riverbank, California. This facility aims to produce a sustainable mix of aviation fuel and diesel from non-edible oils and renewable hydrogen. With a planned capacity of 45 million gallons per year, the project has already received $17 million in grants from California agencies. Aemetis is in the process of securing offtake agreements following a $2 billion bid for the produced fuels.
Aemetis, Inc. (NASDAQ:AMTX) presented its five-year growth plan at the BofA Securities RNG Conference, targeting $1.07 billion in revenues and $325 million in adjusted EBITDA by 2025. This plan forecasts a 35% CAGR in revenues and a remarkable 109% CAGR in EBITDA from 2021 to 2025. Key growth drivers include California's dairy Renewable Natural Gas and Carbon Zero renewable jet/diesel plants. Aemetis aims to leverage carbon capture technology to reduce carbon intensity across its products significantly, with $57 million in grant funding already secured for related projects.
Aemetis, Inc. (NASDAQ: AMTX) announced that CEO Eric McAfee will present and engage in meetings at the Credit Suisse Renewables & Utilities Conference on May 13-14, 2021. The presentation will cover key initiatives in carbon sequestration and renewable fuels, including negative carbon intensity renewable natural gas and jet fuel projects aimed at maximizing California’s Low Carbon Fuel Standard and federal Renewable Fuel Standard benefits. Aemetis is recognized for its sustainable practices, supported by $57 million in funding from various agencies for its innovative projects.
Aemetis, Inc. (NASDAQ: AMTX) has established Aemetis Carbon Capture, Inc. to enhance carbon sequestration efforts in California's Central Valley. This initiative aims to reduce the carbon intensity of dairy biogas, currently certified at -426 CI, from 52 dairies producing 1.4 million MMBtu of Renewable Natural Gas. The project is expected to sequester 50,000 metric tonnes of CO2 annually, with potential revenues estimated at $200 per metric tonne under California's LCFS and an IRS 45Q tax credit of $50 per tonne. Aemetis plans to invest over $300 million into these projects in the next five years.
Aemetis, Inc. (NASDAQ: AMTX) received certification from the California Air Resources Board for a new Low Carbon Fuel Standard (LCFS) Tier 2 fuel pathway. This pathway enables the use of renewable dairy biogas, reducing the carbon intensity (CI) of their ethanol from 67.3 to 65.6. The dairy biogas has a CI score of negative 426. Aemetis plans to expand its dairy digester project, adding over 30 digesters and extending its pipeline. The approval is a significant step towards decarbonizing its ethanol production facility, expected to commence construction of additional digesters and pipelines in Q2 2021.
Aemetis, Inc. (NASDAQ: AMTX) achieved a key environmental permitting milestone as the Stanislaus County Board approved the Initial Study/Mitigated Negative Declaration for a 32-mile pipeline extension. This construction is part of the Aemetis Central Dairy Digester Project, aimed at utilizing biogas from local dairies. The project is expected to generate revenue through Low Carbon Fuel Standard and Renewable Fuel Standard credits. Construction starts in Q2 2021, targeting completion of 17 digesters and 36 miles of pipeline by Q2 2022, addressing approximately 25% of methane emissions from dairy waste lagoons in California.
Aemetis, Inc. (NASDAQ: AMTX) announced a supply agreement with the Andhra Pradesh State Road Transport Corp. (APSRTC) to deliver approximately 800,000 gallons of biodiesel monthly. This is expected to generate around $36 million annually, contributing 20% to the company’s biodiesel plant capacity. Aemetis, with a 50 million gallon capacity facility in India, aims to enhance its reputation in the biodiesel market and support the state's public transportation for its 84 million residents. The partnership is a significant step in the company's Five Year Plan, projected to yield a total of $180 million.
Aemetis, Inc. (NASDAQ: AMTX) announced a presentation at the Virtual Roth Capital Conference from March 15-17, 2021, led by Chairman and CEO Eric McAfee. The presentation will cover the Aemetis Five Year Plan, emphasizing projects like negative carbon intensity renewable natural gas and renewable jet/diesel fuel production. Key initiatives include the Aemetis Biogas Central Dairy Project and the Carbon Zero project. Aemetis aims to leverage grant funding to enhance its renewable fuel operations, including a planned 45 million-gallon renewable fuel plant in California.
Aemetis, a renewable fuels company, reported its financial results for 2020, revealing revenues of $166 million, down from $202 million in 2019. Despite challenges from COVID-19, revenues for ethanol production remained relatively stable at $112 million. Gross profit margins improved by 6%, while SG&A expenses decreased. However, net losses increased to $36.7 million, although this represented a 7% improvement over 2019's losses. The company is progressing on its Carbon Zero project and expanding its renewable natural gas initiatives, aiming for enhanced profitability in 2021.
Aemetis, Inc. (NASDAQ: AMTX) has announced a conference call scheduled for March 11, 2021, at 11 am PST to discuss its fourth quarter and year-end earnings report for 2020. Investors can dial in or access the live webcast via the company’s website. Aemetis specializes in renewable natural gas, fuels, and biochemicals, and is expanding its biogas digester network while operating facilities in California and India. The company is also developing a Carbon Zero renewable jet and diesel production facility.