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Aemetis, Inc. (DE) - AMTX STOCK NEWS

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Aemetis, Inc. (NASDAQ: AMTX), headquartered in Cupertino, California, is a leading renewable natural gas and renewable fuels company dedicated to the development and commercialization of innovative technologies that aim to replace traditional petroleum-based products. Established in 2006, Aemetis has grown to become a significant player in the renewable energy sector, focusing on the conversion of first-generation ethanol and biodiesel plants into advanced biorefineries.

The company owns and operates a 65 million gallon per year ethanol production facility in California’s Central Valley near Modesto. This plant produces low carbon renewable fuel ethanol, Wet Distillers Grains, Distillers Corn Oil, and Condensed Distillers Solubles, all sold to local dairies and feedlots as animal feed. Additionally, Aemetis operates a 60 million gallon per year production facility on the East Coast of India, producing high-quality distilled biodiesel and refined glycerin for customers in India, the US, and Europe.

Aemetis is also spearheading the development of the Carbon Zero sustainable aviation fuel (SAF) and renewable diesel fuel biorefineries in California. These facilities will utilize renewable hydrogen, hydroelectric power, and renewable oils to produce low carbon intensity renewable jet and diesel fuel. The company's biogas operations include a network of dairy biomethane digesters in California’s Central Valley, producing renewable natural gas (RNG) from dairy waste methane.

In recent developments, Aemetis has secured $200 million in EB-5 program investment for its Riverbank sustainable aviation fuel plant, dairy RNG project, carbon sequestration project, and energy efficiency upgrades to the Keyes ethanol plant. The company has also received Authority to Construct permits for its Riverbank SAF/RD plant, expected to produce up to 78 million gallons per year of SAF. Furthermore, Aemetis has been awarded $10.5 million of Inflation Reduction Act (IRA) tax credits to support energy efficiency projects at the Keyes facility.

Financially, Aemetis continues to show robust growth. In the latest earnings report, the company generated $186.7 million in total revenue for the year 2023, with significant increases from its India Biodiesel segment. Aemetis is on track to achieve its ambitious Five-Year Plan, projecting $1.95 billion in revenues and $645 million of adjusted EBITDA by 2028.

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Aemetis, Inc. (AMTX) announces presentations at UBS, JP Morgan, and Stifel conferences to discuss recent $200 million EB-5 funding approval for sustainable aviation fuel, dairy renewable natural gas, and carbon sequestration projects. CEO Eric McAfee will meet with institutional investors to highlight company initiatives.
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Aemetis, Inc. (AMTX) receives $10.5 million in IRA tax credits, with a total projection of $450 million, to support renewable fuels projects. The company completed a $63 million sale of tax credits in 2023, receiving $55 million in funding. The allocation will support energy efficiency projects at the Aemetis Keyes ethanol production facility in California.
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Aemetis, Inc. (AMTX) announces the implementation of the Microsoft Dynamics ERP system globally to support current operations and expansion projects in the U.S. and India. The system will manage manufacturing, supply chain, finance, and accounting, facilitating the growth of the company's renewable natural gas, biodiesel, sustainable aviation fuel, and carbon sequestration projects. Aemetis aims to achieve over $1.9 billion in revenues and $645 million in EBITDA within five years.
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Aemetis, Inc. (AMTX) secures $200 million in EB-5 program investment for sustainable aviation fuel and renewable natural gas projects. The funding supports the Riverbank plant, dairy RNG project, carbon sequestration, and Keyes ethanol plant upgrades, aiming to meet the rising global demand for SAF. Aemetis has already signed over $3 billion in contracts to supply airlines with SAF, showcasing significant growth potential.
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Stonegate Capital Partners updates coverage on Aemetis, Inc. (AMTX) highlighting the biodiesel plant's operation at 60m gallons per year, completion of 9 dairy digesters, and an awarded Air Permit for the aviation plant from the City of Riverbank.
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Aemetis, Inc. (AMTX) reports $77.2 million in annual sales from the India biodiesel segment, marking a 175% increase over the prior year. The company's total revenue for 2023 was $186.7 million, driven by growth in the biodiesel and renewable natural gas segments. Key financial highlights include a $70.8 million revenue for Q4 2023, repayment of $50.2 million of debt, positive cash flow of $32.7 million, and significant progress in various projects.
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Aemetis, Inc. (AMTX) receives Authority to Construct air permits for sustainable aviation fuel and renewable diesel production plant in Riverbank, California. The plant aims to produce 90 million gallons per year, catering to the aviation market's demand for SAF. The project has received support from various agencies and is expected to create high-value jobs and benefit the local economy.
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Aemetis, Inc. (AMTX) will host a conference call to discuss its Q4 and year-end 2023 earnings report on March 7, 2024, at 11 am PST. Participants can dial in or join the webcast to listen and submit questions. The webcast and voice recording will be available on the company's website.
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Aemetis, Inc. announces its updated Five Year Plan projecting $1.95 billion in revenues and $645 million in adjusted EBITDA by 2028. The plan highlights a compound annual growth rate of 38% in revenue and 83% in EBITDA from 2024 to 2028. The company aims to achieve growth through RNG production, SAF/RD plant, CCUS projects, solar energy initiatives, and biodiesel refining. Aemetis anticipates receiving tax credits under the Inflation Reduction Act, with a strong focus on renewable energy projects.
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Aemetis, Inc. (AMTX) announces the deployment of $25 million of funding under the USDA-guaranteed loan for its Aemetis Biogas 1 LLC project. The company operates digesters supplied by eight dairies and has agreements with 37 dairies, with plans to operate digesters supplied by 18 dairies by the end of 2024. Aemetis Biogas has invested $30 million of project equity and has obtained $23 million of grants. The AB1 loan was guaranteed by the USDA under the REAP loan guarantee program. The company is expected to use the USDA-guaranteed loans to fund the construction of additional dairy digesters and biogas pipelines, with a total of $150 million of 20-year loans either closed or in process. The LCFS program is expected to increase LCFS revenues by more than 80% for future LCFS credit sales. Aemetis Biogas aims to capture methane from the waste produced by more than 150,000 cows at dairy farms in California and produce 1,600,000 MMBtu of renewable natural gas each year, reducing greenhouse gas emissions equivalent to an estimated 6.8 million metric tons of carbon dioxide over ten years.
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FAQ

What is the current stock price of Aemetis (DE) (AMTX)?

The current stock price of Aemetis (DE) (AMTX) is $3.39 as of December 5, 2024.

What is the market cap of Aemetis (DE) (AMTX)?

The market cap of Aemetis (DE) (AMTX) is approximately 172.6M.

What does Aemetis, Inc. do?

Aemetis, Inc. is a renewable fuels and biochemicals company focused on developing technologies to replace traditional petroleum-based products through the conversion of ethanol and biodiesel plants into advanced biorefineries.

Where is Aemetis headquartered?

Aemetis, Inc. is headquartered in Cupertino, California.

What are the key products of Aemetis?

Key products of Aemetis include renewable natural gas (RNG), ethanol, biodiesel, distilled biodiesel, refined glycerin, and sustainable aviation fuel (SAF).

What recent financial achievements has Aemetis made?

In 2023, Aemetis generated $186.7 million in total revenue, with significant contributions from its India Biodiesel segment.

What is Aemetis' Five-Year Plan?

Aemetis' Five-Year Plan projects $1.95 billion in revenues and $645 million of adjusted EBITDA by 2028, driven by expansions in renewable natural gas, biodiesel, SAF/RD, and carbon capture and sequestration projects.

What recent permits and investments has Aemetis received?

Aemetis received Authority to Construct permits for its Riverbank SAF/RD plant and $200 million in EB-5 program investment for various projects, including energy efficiency upgrades.

What are the main operational facilities of Aemetis?

Aemetis operates a 65 million gallon per year ethanol production facility in California and a 60 million gallon per year biodiesel facility in India.

How does Aemetis contribute to greenhouse gas reduction?

Aemetis' renewable fuels and RNG projects significantly reduce greenhouse gas emissions by replacing fossil fuels and capturing methane emissions from dairy waste.

What partnerships and markets does Aemetis serve?

Aemetis serves markets in the US, India, and Europe and has secured over $3 billion in contracts to supply airlines with sustainable aviation fuel.

What technological advancements is Aemetis involved in?

Aemetis is involved in developing technologies for renewable hydrogen, hydroelectric power, biogas digesters, carbon sequestration, and advanced biorefineries.

Aemetis, Inc. (DE)

Nasdaq:AMTX

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172.58M
45.76M
8%
22.82%
11.14%
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