Aemetis Stock Price, News & Analysis

Aemetis (NASDAQ: AMTX) has announced the acceptance of service for new infrastructure aimed at producing renewable natural gas (RNG) from dairy waste in California. Following the completion of a 36-mile biogas pipeline, two biogas digesters, and a biogas-to-RNG upgrading facility, Aemetis is expanding its operations to capture methane emissions from 60 dairy farms. This project aims to reduce greenhouse gas emissions by an estimated 6.8 million metric tonnes over ten years. The initiative is funded partly by a $4.2 million grant from the California Energy Commission and a $5 million grant from the CPUC. Aemetis plans to submit applications for CARB Pathway approval in February.

Aemetis has commenced construction of a 2 MW solar microgrid with a 1.25 MW battery storage system in California, aimed at producing carbon-free electricity. The solar array is expected to generate approximately 3.2 million kWh annually, reducing greenhouse gas emissions by about 8,000 MT CO2e per year. Funded by an $8 million grant from the California Energy Commission, the $12 million project is projected for completion in Q2 2023. This initiative is part of Aemetis’ efforts to enhance energy efficiency and reduce the carbon intensity of its fuels.

Aemetis, Inc. (NASDAQ:AMTX) reported a 44% revenue increase for Q3 2022, totaling $71.8 million compared to $50 million in Q3 2021, driven by ethanolsales and India biodiesel shipments. However, the EPS was $(0.46), impacted by a $1.55 per share preferred shareholder redemption charge. Significant capital investments of $13.7 million in carbon reduction projects were made. The net loss for Q3 was $69.8 million, partly due to a one-time redemption charge. Year-to-date revenue reached $190 million, with gross losses of $4.4 million. Aemetis closed $25 million in project financing and made advancements in low carbon initiatives.

Aemetis, Inc. (NASDAQ: AMTX) will host a conference call on November 3, 2022, at 11 am PST to discuss its third quarter 2022 earnings report. Participants can join via toll-free and international dial-in numbers, and a webcast will be available on the company's website. Aemetis focuses on renewable energy solutions, producing zero-carbon and low-carbon fuels aimed at decreasing greenhouse gas emissions. The company is engaged in expanding a biogas network in California and operates ethanol and biodiesel production facilities.

Aemetis, Inc. (NASDAQ: AMTX) announced the closing of $25 million in long-term financing with Greater Commercial Lending (GCL) to develop a biogas project in Stanislaus County, California. The financing, guaranteed by the USDA, aims to construct dairy biogas digesters and a pipeline to convert methane from dairy waste into renewable natural gas (RNG). This initiative is poised to capture over 1.65 MMBtu of dairy methane annually, potentially reducing greenhouse gas emissions equivalent to 6.8 million metric tonnes of CO2 over ten years.

Aemetis (NASDAQ: AMTX) has demonstrated a dual fuel system in partnership with the American Power Group, allowing diesel engines to run on up to 65% renewable natural gas (RNG) and 35% diesel. This technology offers significant cost savings, with annual fuel savings exceeding $30,000 per truck. The conversion cost is approximately $25,000 and can be completed in less than a day. Aemetis aims to produce carbon-negative fuels while maximizing agricultural waste usage. The patented system aligns with California's transition to cleaner energy and significantly reduces emissions from diesel-powered fleets.

Aemetis (NASDAQ: AMTX) has signed a significant offtake agreement with Cathay Pacific Airways for 38 million gallons of blended sustainable aviation fuel (SAF) over 7 years. The SAF, composed of 40% SAF and 60% Petroleum Jet A, will help Cathay Pacific achieve its net-zero carbon emissions target by 2050. Deliveries are expected to start in 2025 from Aemetis' renewable jet/diesel plant in California. The project, powered by renewable electricity and designed for CO2 capture, aims to permanently store around 300,000 metric tonnes of CO2 annually.

Aemetis (NASDAQ: AMTX) announced progress on its Carbon Zero sustainable aviation fuel and renewable diesel plant in Riverbank, California. Engineering work by CTCI Americas is on schedule for permitting and procurement to start in Q4 2022. The plant, located on a 125-acre site, aims to produce 90 million gallons per year of renewable fuels using renewable hydrogen and hydroelectric electricity. Collaborating with ATSI, Aemetis is utilizing extensive engineering expertise to ensure efficient project execution. This initiative supports the company's mission to reduce greenhouse gas emissions significantly.

Aemetis, Inc. (NASDAQ: AMTX) announced supply agreements totaling $7 billion for sustainable aviation fuel (SAF) and renewable diesel (RD) with ten airlines, including Cathay Pacific. These contracts encompass 916 million gallons of blended SAF, valued at approximately $3.8 billion, and will be delivered over seven to ten years. The production will occur at a new facility in Riverbank, California, which aims to utilize renewable resources to minimize greenhouse gas emissions. The airline agreements target major carriers like Delta and American Airlines, contributing to the aviation industry's decarbonization efforts.