Aemetis Stock Price, News & Analysis

Aemetis, Inc. (NASDAQ: AMTX) announced a significant milestone in its renewable natural gas (RNG) project with the commissioning of its biogas cleanup and compression unit in Keyes, California. This event, celebrated in partnership with PG&E, marks the interconnection with PG&E's gas pipeline, enabling the production of utility-grade RNG for transportation fuel. Aemetis plans to expand its project to over 60 dairies, capturing over 1.6 million MMBtu of dairy methane annually, contributing to California's carbon neutrality goals by 2045.

Aemetis, Inc. (NASDAQ: AMTX) has operationalized the Ahlem Farms Jerseys dairy digester, connecting it to its RNG gas cleanup hub in California. This marks the third digester linked to the Aemetis Advanced Fuels facility. The company plans to complete five additional digesters by Q4 2022. Funded partly by a $1.4 million grant from the California Department of Food and Agriculture and a $4.2 million grant from the California Energy Commission, these initiatives will support the production of renewable natural gas (RNG) with negative carbon intensity, aiming to reduce greenhouse gas emissions.

Aemetis (NASDAQ: AMTX) has announced the completion of a 20-mile segment of its biogas pipeline project in Merced County, California, with construction of the remaining 19 miles approved and on track for completion in Q4 2022. This project, crucial for the company’s renewable natural gas (RNG) initiative, will connect dairy biogas to the gas cleanup facility, promoting carbon negative fuel use in transportation. The project will contribute to reducing greenhouse gas emissions significantly, aiming to eliminate emissions equivalent to 1 million cars annually and offset about 5 million metric tonnes of CO2.

Aemetis, Inc. (NASDAQ: AMTX) has signed a seven-year offtake agreement with Alaska Airlines for 13 million gallons of blended sustainable aviation fuel (SAF). This fuel is composed of 40% SAF and 60% Petroleum Jet A, set to be supplied to San Francisco International Airport. The partnership aims to enhance SAF availability in the Bay Area, contributing to aviation decarbonization. The production will occur at Aemetis's upcoming plant in Riverbank, California, which utilizes renewable electricity and captures CO2 to achieve below zero carbon intensity.

Aemetis (NASDAQ: AMTX) announced a six-year supply agreement with Trillium to provide approximately 600,000 MMBtu of renewable natural gas (RNG) for transportation fuel in California, replacing about 4.3 million gallons of diesel. This initiative supports Aemetis' goal of reducing carbon intensity in fuels. The company's biogas projects are expanding, with plans to produce 1.6 million MMBtu of RNG annually by 2026. The RNG is scheduled for delivery to Trillium in late 2022, pending certification from CARB.

Aemetis (NASDAQ:AMTX) reported a 22% revenue increase in Q1 2022, reaching $52.0 million compared to $42.8 million in Q1 2021, driven by higher ethanol prices at $2.58 per gallon. Although the company posted a net loss of $18.3 million, it saw an improvement in gross loss, decreasing to $3.1 million. Aemetis invested $11.4 million in carbon reduction projects and signed significant off-take agreements totaling $6.7 billion. Cash reserves decreased to $5.5 million, down from $7.8 million in Q4 2021.

Aemetis, Inc. (NASDAQ: AMTX) has announced a conference call to discuss its first quarter 2022 earnings report on May 12, 2022, at 11 am PST. Participants can join via toll-free and international dialing options or through a webcast available on the company's website. The company aims to transform renewable energy with low carbon intensity transportation fuels, including its Carbon Zero production process. Aemetis operates an ethanol plant in California and a biodiesel facility in India, focusing on innovative technologies to reduce greenhouse gas emissions.

Aemetis, a renewable fuels company, has signed an offtake agreement with JetBlue for the delivery of 125 million gallons of blended sustainable aviation fuel (SAF) over ten years, valued at approximately $530 million. The fuel, comprising 40% SAF and 60% petroleum jet fuel, is set to start deliveries in 2025. Aemetis aims to produce this fuel at its upcoming plant in Riverbank, California, which emphasizes carbon sequestration and utilizes renewable energy. The agreement aligns with JetBlue's climate commitments and California's renewable fuel incentives.

Aemetis, Inc. (NASDAQ: AMTX) has announced the completion of key developments in its Aemetis Biogas Central Dairy Project, including the construction of a third dairy digester and testing of a biogas pipeline. The $12 million facility will convert dairy biogas into renewable natural gas (RNG), with injection into the PG&E pipeline expected in early May 2022. The initiative aims to capture over 1.6 million MMBtu of dairy methane annually, significantly reducing CO2 emissions, equivalent to removing 1 million cars from the road. This expansion is part of Aemetis' strategy to meet increasing demand for carbon-negative fuels.